INDB | Independent Bank Corp. Stock Financials Income Statements Annual

(Stock Exchange: NASDAQ)

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Financial Year End	2023-12-31	2022-12-31	2021-12-31	2020-12-31	2019-12-31	2018-12-31	2017-12-31	2016-12-31	2015-12-31	2014-12-31	2013-12-31	2012-12-31	2011-12-31	2010-12-31	2009-12-31	2008-12-31	2007-12-31	2006-12-31	2005-12-31	2004-12-31	2003-12-31	2002-12-31	2001-12-31	2000-12-31	1999-12-31	1998-12-31	1997-12-31	1996-12-31	1995-12-31	1994-12-31
Revenue	795.73M	727.92M	507.41M	477.45M	508.43M	386.67M	341.84M	310.24M	289.59M	264.86M	249.82M	234.81M	219.78M	210.87M	188.89M	145.55M	128.23M	129.30M	132.99M	126.17M	123.57M	123.39M	111.87M	88.56M	76.62M	72.20M	65.00M	57.60M	55.40M	53.00M
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	3.43M	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	795.73M	727.92M	507.41M	477.45M	508.43M	383.24M	341.84M	310.24M	289.59M	264.86M	249.82M	234.81M	219.78M	210.87M	188.89M	145.55M	128.23M	129.30M	132.99M	126.17M	123.57M	123.39M	111.87M	88.56M	76.62M	72.20M	65.00M	57.60M	55.40M	53.00M
Operating Expenses	722.13M	-389.37M	-350.73M	-324.62M	-290.32M	-201.78M	-188.96M	-179.37M	-176.80M	-160.70M	4.28M	-154.12M	-128.52M	87.55M	79.66M	-56.10M	-27.51M	-16.65M	-34.85M	2.45M	1.99M	1.89M	-24.85M	-11.54M	-1.87M	1.30M	-1.90M	-7.40M	-11.20M	-16.30M
Selling, General & Admin	234.09M	211.66M	183.47M	161.25M	157.07M	132.23M	124.66M	116.99M	113.68M	102.58M	98.22M	91.89M	89.66M	88.00M	81.01M	60.29M	54.24M	49.25M	49.87M	47.35M	43.49M	42.17M	36.90M	29.89M	24.91M	21.10M	20.60M	21.10M	22.10M	20.80M
Research & Development	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Other Operating Expenses	488.04M	-601.03M	-534.20M	-485.86M	-447.40M	-343.15M	-313.62M	-296.36M	-290.48M	-263.28M	N/A	-246.00M	-218.19M	-458.00K	-1.35M	-116.40M	-81.74M	-65.91M	-84.72M	N/A	N/A	N/A	-61.76M	-41.44M	-26.78M	-19.80M	-22.50M	-28.50M	-33.30M	-37.10M
Operating Income	315.13M	338.55M	156.68M	152.84M	218.11M	181.46M	152.88M	130.87M	112.80M	104.16M	90.07M	80.69M	91.26M	91.23M	81.73M	89.44M	100.73M	112.65M	98.14M	81.19M	74.50M	78.15M	87.02M	77.02M	74.75M	73.50M	63.10M	50.20M	44.20M	36.70M
Other Expenses / Income	N/A	-85.48M	-99.49M	-62.55M	-77.32M	-54.23M	-44.81M	-43.49M	-51.51M	-43.87M	-50.77M	-12.21M	-243.00K	-2.41M	-17.60M	-8.67M	N/A	-65.04M	N/A	N/A	-32.53M	-40.79M	-54.48M	-55.42M	-50.18M	-49.60M	-41.60M	-32.40M	-29.10M	-27.10M
Before Tax Income	315.13M	347.75M	156.68M	152.84M	218.11M	155.93M	134.54M	112.08M	92.18M	83.74M	66.74M	57.30M	62.58M	52.47M	29.74M	30.52M	37.17M	47.61M	48.33M	44.39M	41.97M	37.36M	32.54M	21.60M	24.58M	23.90M	21.50M	17.80M	15.10M	9.60M
Income Tax Expenses	75.63M	83.94M	35.68M	31.67M	52.93M	34.30M	47.34M	35.43M	27.22M	23.90M	16.48M	14.67M	17.15M	12.23M	6.75M	6.55M	8.79M	14.76M	15.12M	13.62M	15.54M	12.29M	10.48M	6.41M	7.54M	7.80M	7.30M	6.20M	4.70M	1.50M
Net Income	239.50M	263.81M	120.99M	121.17M	165.18M	121.62M	87.20M	76.65M	64.96M	59.84M	50.25M	42.63M	45.44M	40.24M	22.99M	23.96M	28.38M	32.85M	33.20M	30.77M	26.43M	25.07M	22.05M	15.19M	17.03M	16.10M	14.20M	11.60M	10.40M	8.10M
Interest Expenses	189.21M	29.59M	13.72M	34.34M	53.88M	25.54M	18.33M	18.79M	20.62M	20.42M	23.34M	23.39M	28.67M	38.76M	51.99M	58.93M	63.55M	65.04M	49.82M	36.80M	32.53M	40.79M	54.48M	55.42M	50.18M	49.60M	41.60M	32.40M	29.10M	27.10M
Basic Shares Outstanding	44.18M	46.37M	34.87M	33.26M	32.81M	27.59M	27.29M	26.40M	25.89M	23.90M	23.01M	21.78M	21.42M	21.18M	19.64M	15.69M	14.03M	14.94M	15.38M	14.94M	14.56M	14.42M	14.29M	14.24M	14.21M	14.73M	14.64M	14.50M	14.63M	14.46M
Diluted Shares Outstanding	44.19M	46.39M	34.89M	33.29M	32.86M	27.65M	27.37M	26.46M	25.96M	23.99M	23.09M	21.81M	21.45M	21.20M	19.67M	15.76M	14.16M	15.11M	15.52M	15.04M	14.74M	14.62M	14.45M	14.31M	14.37M	14.95M	14.95M	14.68M	14.81M	14.46M
EBITDA	N/A	386.55M	189.50M	174.40M	238.80M	167.83M	150.31M	124.07M	104.48M	95.85M	75.23M	67.51M	72.22M	64.43M	52.92M	50.46M	59.20M	74.56M	77.25M	68.89M	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
EBITDA Margin	0.00%	53.10%	37.35%	36.53%	46.97%	43.40%	43.97%	39.99%	36.08%	36.19%	30.11%	28.75%	32.86%	30.55%	28.01%	34.67%	46.16%	57.66%	58.08%	54.60%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
EBIT	504.34M	377.35M	170.39M	187.18M	271.99M	181.46M	152.88M	130.87M	112.80M	104.16M	90.07M	80.69M	91.26M	91.23M	81.73M	89.44M	100.73M	112.65M	98.14M	81.19M	74.50M	78.15M	87.02M	77.02M	74.75M	73.50M	63.10M	50.20M	44.20M	36.70M
EBIT Margin	63.38%	51.84%	33.58%	39.20%	53.50%	46.93%	44.72%	42.18%	38.95%	39.33%	36.05%	34.37%	41.52%	43.26%	43.27%	61.45%	78.55%	87.12%	73.80%	64.35%	60.29%	63.34%	77.78%	86.97%	97.56%	101.80%	97.08%	87.15%	79.78%	69.25%
Financial Year End	2023-12-31	2022-12-31	2021-12-31	2020-12-31	2019-12-31	2018-12-31	2017-12-31	2016-12-31	2015-12-31	2014-12-31	2013-12-31	2012-12-31	2011-12-31	2010-12-31	2009-12-31	2008-12-31	2007-12-31	2006-12-31	2005-12-31	2004-12-31	2003-12-31	2002-12-31	2001-12-31	2000-12-31	1999-12-31	1998-12-31	1997-12-31	1996-12-31	1995-12-31	1994-12-31