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Income Overview

Net Income
$79,919K
EPS
$1.63
Unit: Thousand (K) dollars

Income Statement
2026-03-31
2025-12-31
2025-09-30
2025-06-30
Interest and fees on loans
260,982 224,361* 263,772 197,778
Interest income, securities, operating, taxable
25,260 20,495* 23,303 15,879
Non-taxable interest and dividends on securities
114 30* 208 2
Interest on loans held for sale
252 249* 225 140
Interest on federal funds sold and short-term investments
3,657 2,309* 7,245 4,393
Total interest and dividend income
290,265 247,443* 294,753 218,192
Interest on deposits
66,935 63,524* 80,739 59,843
Interest on borrowings
10,871 6,889* 10,670 10,853
Interest expense, operating, total
77,806 70,412* 91,409 70,696
Net interest income
212,459 177,031* 203,344 147,496
Provision for loan and lease gaines
5,500 -3,109* 38,519 7,200
Net interest income after provision for credit losses
206,959 180,140* 164,825 140,296
Deposit account fees
9,249 8,159* 8,847 7,141
Interchange and atm fees
5,018 4,510* 5,989 4,997
Investment banking, advisory, brokerage, and underwriting fees and commissions
14,165 12,497* 13,652 11,380
Mortgage banking income
1,270 757* 1,444 1,072
Bank owned life insurance income
2,712 2,434* 2,629 2,038
Loss realized on life insurance policies
346 -510* 0 1,650
Loan level derivative income
910 1,629* 1,224 66
Other non-interest income
6,592 7,155* 6,613 5,964
Total non-interest income
40,262 36,630* 40,398 34,308
Salaries and employee benefits
80,737 73,239* 81,132 62,856
Occupancy and equipment expenses
17,306 15,397* 14,975 13,158
Advertising expense
NaN NaN NaN 1,797
Data processing& facilities management
3,259 2,824* 2,788 2,783
Software maintenance
7,068 6,186* 6,854 5,166
Fdic assessment
3,328 4,321* 3,080 2,373
Debit card expense
2,402 2,540* NaN 1,984
Consulting expense
NaN 3,559* NaN 1,018
Cost, amortization
NaN 4,228* NaN NaN
Amortization of intangible assets
6,890 NaN 7,315 1,197
Business combination, acquisition-related cost, expense
3,024 437* 23,893 2,239
Other non-interest expenses
18,904 12,701* 20,799 14,227
Total non-interest expenses
142,918 125,430* 160,836 108,798
Income before income taxes
104,303 91,340* 44,387 65,806
Current federal, state and local, tax expense (benefit)
24,384 NaN 10,125 14,705
Income tax benefit
NaN 14,262* NaN NaN
Net income
79,919 77,078 34,262 51,101
Basic EPS
1.63 1.818 0.69 NaN
Diluted EPS
1.63 1.817 0.69 NaN
Basic Average Shares
48,970,060 42,404,810 49,934,574 NaN
Diluted Average Shares
48,999,745 42,425,157 49,957,007 NaN
Unit: Thousand (K) dollars (except for numbers of shares and EPS). Numbers labeled with * are estimated quarterly values.

Time Plot

Show the time plot by selecting a row from the table.

Income Statement

Interest and fees on loans$260,982K Interest income,securities, operating,...$25,260K Interest on federal fundssold and short-term...$3,657K Interest on loans held forsale$252K Non-taxable interest anddividends on securities$114K Total interest anddividend income$290,265K Net interest income$212,459K Investment banking,advisory, brokerage, and...$14,165K Deposit account fees$9,249K Other non-interestincome$6,592K Interchange and atm fees$5,018K Bank owned lifeinsurance income$2,712K Mortgage banking income$1,270K Loan levelderivative income$910K Loss realized on lifeinsurance policies$346K Interest expense,operating, total$77,806K Net interest incomeafter provision for...$206,959K Total non-interestincome$40,262K Provision for loan andlease gaines$5,500K Interest on deposits$66,935K Interest on borrowings$10,871K Income before incometaxes$104,303K Total non-interestexpenses$142,918K Net income$79,919K Current federal, stateand local, tax...$24,384K Salaries and employeebenefits$80,737K Other non-interestexpenses$18,904K Occupancy and equipmentexpenses$17,306K Software maintenance$7,068K Amortization of intangibleassets$6,890K Fdic assessment$3,328K Data processing&facilities management$3,259K Business combination,acquisition-related cost, expense$3,024K Debit card expense$2,402K

INDEPENDENT BANK CORP (INDB)

INDEPENDENT BANK CORP (INDB)