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Income Overview

Net Income
$81,838K
EPS
$1.7
Unit: Thousand (K) dollars
Income Statement
2026-06-30
2026-03-31
2025-12-31
2025-09-30
Interest and fees on loans
260,249
260,982
224,361*
263,772
Interest income, securities, operating, taxable
26,098
25,260
20,495*
23,303
Non-taxable interest and dividends on securities
102
114
30*
208
Interest on loans held for sale
210
252
249*
225
Interest on federal funds sold and short-term investments
2,633
3,657
2,309*
7,245
Total interest and dividend income
289,292
290,265
247,443*
294,753
Interest on deposits
67,641
66,935
63,524*
80,739
Interest on borrowings
10,724
10,871
6,889*
10,670
Interest expense, operating, total
78,365
77,806
70,412*
91,409
Net interest income
210,927
212,459
177,031*
203,344
Provision for loan and lease gaines
6,250
5,500
-3,109*
38,519
Net interest income after provision for credit losses
204,677
206,959
180,140*
164,825
Deposit account fees
9,393
9,249
8,159*
8,847
Interchange and atm fees
5,686
5,018
4,510*
5,989
Investment banking, advisory, brokerage, and underwriting fees and commissions
14,961
14,165
12,497*
13,652
Mortgage banking income
1,174
1,270
757*
1,444
Bank owned life insurance income
2,636
2,712
2,434*
2,629
Loss realized on life insurance policies
672
346
-510*
0
Loan level derivative income
1,317
910
1,629*
1,224
Other non-interest income
6,552
6,592
7,155*
6,613
Total non-interest income
42,391
40,262
36,630*
40,398
Salaries and employee benefits
79,088
80,737
73,239*
81,132
Occupancy and equipment expenses
16,170
17,306
15,397*
14,975
Data processing& facilities management
3,208
3,259
2,824*
2,788
Software maintenance
7,070
7,068
6,186*
6,854
Fdic assessment
3,158
3,328
4,321*
3,080
Debit card expense
2,462
2,402
2,540*
-
Consulting expense
-
-
3,559*
-
Intangible asset, finite-lived, amortization expense
6,791
6,890
-
7,315
Cost, amortization
-
-
4,228*
-
Consulting expense
3,274
-
-
-
Business combination, acquisition-related cost, expense
0
3,024
437*
23,893
Other non-interest expenses
19,051
18,904
12,701*
20,799
Total non-interest expenses
140,272
142,918
125,430*
160,836
Income before income taxes
106,796
104,303
91,340*
44,387
Income tax benefit
-
-
14,262*
-
Current federal, state and local, tax expense (benefit)
24,958
24,384
-
10,125
Net income
81,838
79,919
77,078
34,262
Basic EPS
1.7
1.63
1.818
0.69
Diluted EPS
1.7
1.63
1.817
0.69
Basic Average Shares
48,054,411
48,970,060
42,404,810
49,934,574
Diluted Average Shares
48,076,755
48,999,745
42,425,157
49,957,007
Unit: Thousand (K) dollars (except for numbers of shares and EPS). Numbers labeled with * are estimated quarterly values.

Time Plot

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Income Statement

Interest and fees on loans$260,249K (31.59%↑ Y/Y)Interest income,securities, operating,...$26,098K (64.36%↑ Y/Y)Interest on federal fundssold and short-term...$2,633K (-40.06%↓ Y/Y)Interest on loans held forsale$210K (50.00%↑ Y/Y)Non-taxable interest anddividends on securities$102K (5000.00%↑ Y/Y)Total interest anddividend income$289,292K (32.59%↑ Y/Y)Net interest income$210,927K (43.01%↑ Y/Y)Investment banking,advisory, brokerage, and...$14,961K (31.47%↑ Y/Y)Deposit account fees$9,393K (31.54%↑ Y/Y)Other non-interestincome$6,552K (9.86%↑ Y/Y)Interchange and atm fees$5,686K (13.79%↑ Y/Y)Bank owned lifeinsurance income$2,636K (29.34%↑ Y/Y)Loan levelderivative income$1,317K (1895.45%↑ Y/Y)Mortgage banking income$1,174K (9.51%↑ Y/Y)Loss realized on lifeinsurance policies$672K (-59.27%↓ Y/Y)Interest expense,operating, total$78,365K (10.85%↑ Y/Y)Net interest incomeafter provision for...$204,677K (45.89%↑ Y/Y)Total non-interestincome$42,391K (23.56%↑ Y/Y)Provision for loan andlease gaines$6,250K (-13.19%↓ Y/Y)Interest on deposits$67,641K (13.03%↑ Y/Y)Interest on borrowings$10,724K (-1.19%↓ Y/Y)Income before incometaxes$106,796K (62.29%↑ Y/Y)Total non-interestexpenses$140,272K (28.93%↑ Y/Y)Net income$81,838K (60.15%↑ Y/Y)Current federal, stateand local, tax...$24,958K (69.72%↑ Y/Y)Salaries and employeebenefits$79,088K (25.82%↑ Y/Y)Other non-interestexpenses$19,051K (33.91%↑ Y/Y)Occupancy and equipmentexpenses$16,170K (22.89%↑ Y/Y)Software maintenance$7,070K (36.86%↑ Y/Y)Intangible asset,finite-lived, amortization...$6,791K (467.34%↑ Y/Y)Consulting expense$3,274K Data processing&facilities management$3,208K (15.27%↑ Y/Y)Fdic assessment$3,158K (33.08%↑ Y/Y)Debit card expense$2,462K (24.09%↑ Y/Y)

INDEPENDENT BANK CORP (INDB)

INDEPENDENT BANK CORP (INDB)