What is Independent Bk Corp Mass's earnings per share (EPS)?

Independent Bk Corp Mass (INDB) reported diluted earnings per share of $4.44 for fiscal year 2025. This represents a -1.8% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

Independent Bk Corp Mass Financials

INDB

Source SEC Filings (10-K/10-Q) Updated Dec 31, 2025 Currency USD FYE December

This page shows Independent Bk Corp Mass (INDB) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 17 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Financial Health Signals

Financial Profile 68/100

Based on FY2025 annual data. Scores normalized against common benchmarks. How we calculate these scores

Growth

Independent Bk Corp Mass's revenue surged 19.9% year-over-year to $1.0B, reflecting rapid business expansion. This strong growth earns a score of 66/100.

Leverage

100

Independent Bk Corp Mass carries a low D/E ratio of 0.10, meaning only $0.10 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 100/100, indicating a strong balance sheet with room for future borrowing.

Cash Flow

Independent Bk Corp Mass converts 23.4% of revenue into free cash flow ($239.0M). This strong cash generation earns a score of 83/100.

Returns

Independent Bk Corp Mass generates a 5.8% ROE, indicating limited profit relative to shareholders' investment. This results in a returns score of 24/100. This is down from 6.4% the prior year.

Piotroski F-Score Weak

3/9

Independent Bk Corp Mass passes 3 of 9 financial strength tests. 3 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), neither operating efficiency signal passes.

Earnings Quality Cash-Backed

1.22x

For every $1 of reported earnings, Independent Bk Corp Mass generates $1.22 in operating cash flow ($251.2M OCF vs $205.1M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

Key Financial Metrics

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Earnings & Revenue

Revenue

$1.0B

YoY+19.9%

5Y CAGR+20.5%

10Y CAGR+15.8%

Independent Bk Corp Mass generated $1.0B in revenue in fiscal year 2025. This represents an increase of 19.9% from the prior year.

EBITDA

N/A

Net Income

$205.1M

YoY+6.8%

5Y CAGR+11.1%

10Y CAGR+12.2%

Independent Bk Corp Mass reported $205.1M in net income in fiscal year 2025. This represents an increase of 6.8% from the prior year.

EPS (Diluted)

$4.44

YoY-1.8%

5Y CAGR+4.1%

10Y CAGR+5.9%

Independent Bk Corp Mass earned $4.44 per diluted share (EPS) in fiscal year 2025. This represents a decrease of 1.8% from the prior year.

Cash & Balance Sheet

Free Cash Flow

$239.0M

YoY+14.1%

5Y CAGR+35.6%

10Y CAGR+11.7%

Independent Bk Corp Mass generated $239.0M in free cash flow in fiscal year 2025, representing cash available after capex. This represents an increase of 14.1% from the prior year.

Cash & Debt

$771.9M

YoY+251.0%

5Y CAGR-9.9%

Independent Bk Corp Mass held $771.9M in cash against $359.3M in long-term debt as of fiscal year 2025.

Dividends Per Share

$2.36

YoY+3.5%

10Y CAGR+8.5%

Independent Bk Corp Mass paid $2.36 per share in dividends in fiscal year 2025. This represents an increase of 3.5% from the prior year.

Shares Outstanding

49M

YoY+15.9%

5Y CAGR+8.4%

Independent Bk Corp Mass had 49M shares outstanding in fiscal year 2025. This represents an increase of 15.9% from the prior year.

Margins & Returns

Gross Margin

N/A

Operating Margin

N/A

Net Margin

20.1%

YoY-2.5pp

5Y CAGR-10.1pp

10Y CAGR-7.5pp

Independent Bk Corp Mass's net profit margin was 20.1% in fiscal year 2025, showing the share of revenue converted to profit. This is down 2.5 percentage points from the prior year.

Return on Equity

5.8%

YoY-0.7pp

5Y CAGR-1.4pp

10Y CAGR-2.7pp

Independent Bk Corp Mass's ROE was 5.8% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is down 0.7 percentage points from the prior year.

Capital Allocation

R&D Spending

N/A

Share Buybacks

$60.8M

YoY+96.4%

5Y CAGR-8.5%

Independent Bk Corp Mass spent $60.8M on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding. This represents an increase of 96.4% from the prior year.

Capital Expenditures

$12.1M

YoY-40.6%

5Y CAGR-0.7%

10Y CAGR+1.5%

Independent Bk Corp Mass invested $12.1M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents a decrease of 40.6% from the prior year.

INDB Income Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Revenue	$1.0B+19.9%	$852.8M+7.2%	$795.7M+23.8%	$642.8M+54.8%	$415.3M+3.3%	$402.1M
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	N/A	N/A	N/A	N/A	N/A	N/A
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	$313.6M+7.7%	$291.0M+53.8%	$189.2M+539.4%	$29.6M+115.7%	$13.7M-60.1%	$34.3M
Income Tax	$57.0M+3.6%	$55.0M-27.2%	$75.6M-9.9%	$83.9M+135.2%	$35.7M+12.7%	$31.7M
Net Income	$205.1M+6.8%	$192.1M-19.8%	$239.5M-9.2%	$263.8M+118.0%	$121.0M-0.1%	$121.2M
EPS (Diluted)	$4.44-1.8%	$4.52-16.6%	$5.42-4.7%	$5.69+64.0%	$3.47-4.7%	$3.64

Metric	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24
Revenue	$297.5M+0.9%	$294.8M+35.1%	$218.2M+3.0%	$211.9M-2.0%	$216.3M-0.1%	$216.5M+2.2%	$211.9M+1.8%	$208.0M
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	$85.0M-7.0%	$91.4M+29.3%	$70.7M+6.4%	$66.4M-7.3%	$71.7M-4.2%	$74.8M+1.2%	$73.9M+4.7%	$70.6M
Income Tax	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Income	$75.3M+119.9%	$34.3M-33.0%	$51.1M+15.0%	$44.4M-11.2%	$50.0M+16.5%	$42.9M-16.3%	$51.3M+7.5%	$47.8M
EPS (Diluted)	N/A	$0.69-42.5%	$1.20+15.4%	$1.04	N/A	$1.01-16.5%	$1.21+8.0%	$1.12

INDB Balance Sheet

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Total Assets	$24.9B+28.6%	$19.4B+0.1%	$19.3B+0.3%	$19.3B-5.5%	$20.4B+54.7%	$13.2B
Current Assets	N/A	N/A	N/A	N/A	N/A	N/A
Cash & Equivalents	$771.9M+251.0%	$219.9M-2.0%	$224.3M-36.4%	$352.9M-84.2%	$2.2B+72.8%	$1.3B
Inventory	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	N/A	N/A	N/A	N/A	N/A	N/A
Goodwill	$1.1B+10.7%	$985.1M0.0%	$985.1M0.0%	$985.1M0.0%	$985.1M+94.6%	$506.2M
Total Liabilities	$21.3B+30.3%	$16.4B-0.4%	$16.5B+0.3%	$16.4B-5.7%	$17.4B+51.3%	$11.5B
Current Liabilities	N/A	N/A	N/A	N/A	N/A	N/A
Long-Term Debt	$359.3M+471.7%	$62.9M-44.3%	$112.8M+0.1%	$112.7M-11.0%	$126.7M-12.8%	$145.3M
Total Equity	$3.6B+19.1%	$3.0B+3.4%	$2.9B+0.3%	$2.9B-4.4%	$3.0B+77.3%	$1.7B
Retained Earnings	$1.3B+8.2%	$1.2B+8.8%	$1.1B+15.3%	$934.4M+21.9%	$766.7M+7.1%	$716.0M

Metric	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24
Total Assets	$24.9B-0.3%	$25.0B+24.7%	$20.0B+0.8%	$19.9B+2.7%	$19.4B-0.2%	$19.4B0.0%	$19.4B+0.4%	$19.3B
Current Assets	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Cash & Equivalents	$771.9M-15.2%	$910.8M+1.1%	$901.2M+25.7%	$716.8M+226.0%	$219.9M-48.2%	$424.5M+35.2%	$313.9M+41.8%	$221.3M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Goodwill	$1.1B+0.7%	$1.1B+10.0%	$985.1M0.0%	$985.1M0.0%	$985.1M0.0%	$985.1M0.0%	$985.1M0.0%	$985.1M
Total Liabilities	$21.3B-0.5%	$21.4B+26.3%	$17.0B+0.7%	$16.9B+2.9%	$16.4B-0.3%	$16.4B-0.4%	$16.5B+0.3%	$16.4B
Current Liabilities	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Long-Term Debt	$359.3M	N/A	N/A	N/A	$62.9M	N/A	N/A	N/A
Total Equity	$3.6B+0.5%	$3.5B+15.4%	$3.1B+1.4%	$3.0B+1.3%	$3.0B+0.5%	$3.0B+2.0%	$2.9B+1.2%	$2.9B
Retained Earnings	$1.3B+3.8%	$1.2B+0.4%	$1.2B+2.2%	$1.2B+1.6%	$1.2B+2.3%	$1.1B+1.7%	$1.1B+2.5%	$1.1B

INDB Cash Flow Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Operating Cash Flow	$251.2M+9.2%	$229.9M-17.0%	$277.0M-34.2%	$421.2M+121.4%	$190.2M+194.3%	$64.6M
Capital Expenditures	$12.1M-40.6%	$20.4M+29.0%	$15.8M-28.2%	$22.1M-12.4%	$25.2M+100.2%	$12.6M
Free Cash Flow	$239.0M+14.1%	$209.5M-19.8%	$261.1M-34.6%	$399.1M+141.9%	$165.0M+217.0%	$52.0M
Investing Cash Flow	$5.0M+115.3%	-$33.0M+84.4%	-$211.7M+78.8%	-$1.0B-1484.6%	-$63.1M+87.1%	-$488.2M
Financing Cash Flow	$295.8M+246.9%	-$201.4M-3.8%	-$193.9M+85.2%	-$1.3B-260.2%	$817.0M-47.9%	$1.6B
Dividends Paid	$103.9M+8.0%	$96.2M-1.8%	$98.0M+4.6%	$93.7M+49.4%	$62.7M+3.1%	$60.8M
Share Buybacks	$60.8M+96.4%	$31.0M-83.6%	$188.9M+35.0%	$139.9M	$0-100.0%	$95.1M

Metric	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24
Operating Cash Flow	$78.9M+51.3%	$52.2M-51.1%	$106.7M+699.9%	$13.3M-68.9%	$42.9M-38.9%	$70.2M+7.0%	$65.6M+28.4%	$51.1M
Capital Expenditures	$3.4M+37.3%	$2.5M-41.2%	$4.2M+107.6%	$2.0M-68.2%	$6.4M+9.0%	$5.9M+56.8%	$3.7M-16.4%	$4.5M
Free Cash Flow	$75.5M+52.0%	$49.7M-51.5%	$102.5M+806.3%	$11.3M-69.0%	$36.5M-43.3%	$64.4M+4.0%	$61.9M+32.6%	$46.7M
Investing Cash Flow	-$32.9M-145.3%	$72.5M+594.0%	-$14.7M+26.3%	-$19.9M+84.4%	-$127.5M-304.1%	$62.5M+287.7%	$16.1M+1.3%	$15.9M
Financing Cash Flow	-$185.0M-60.7%	-$115.1M-224.7%	$92.4M-81.7%	$503.5M+519.9%	-$119.9M-440.9%	-$22.2M-305.4%	$10.8M+115.4%	-$70.1M
Dividends Paid	$29.4M+16.8%	$25.2M0.0%	$25.1M+3.8%	$24.2M0.0%	$24.2M0.0%	$24.2M0.0%	$24.2M+2.6%	$23.6M
Share Buybacks	$37.5M+60.5%	$23.4M	$0	$0	$0	$0	$0-100.0%	$31.0M

INDB Financial Ratios

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	20.1%-2.5pp	22.5%-7.6pp	30.1%-10.9pp	41.0%+11.9pp	29.1%-1.0pp	30.1%
Return on Equity	5.8%-0.7pp	6.4%-1.9pp	8.3%-0.9pp	9.1%+5.1pp	4.0%-3.1pp	7.1%
Return on Assets	0.8%-0.2pp	1.0%-0.2pp	1.2%-0.1pp	1.4%+0.8pp	0.6%-0.3pp	0.9%
Current Ratio	N/A	N/A	N/A	N/A	N/A	N/A
Debt-to-Equity	0.10+0.1	0.02-0.0	0.040.0	0.040.0	0.04-0.0	0.09
FCF Margin	23.4%-1.2pp	24.6%-8.2pp	32.8%-29.3pp	62.1%+22.4pp	39.7%+26.8pp	13.0%

Metric	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	25.3%+13.7pp	11.6%-11.8pp	23.4%+2.5pp	21.0%-2.2pp	23.1%+3.3pp	19.8%-4.4pp	24.2%+1.3pp	23.0%
Return on Equity	2.1%+1.1pp	1.0%-0.7pp	1.7%+0.2pp	1.5%-0.2pp	1.7%+0.2pp	1.4%-0.3pp	1.8%+0.1pp	1.7%
Return on Assets	0.3%+0.2pp	0.1%-0.1pp	0.3%+0.0pp	0.2%-0.0pp	0.3%+0.0pp	0.2%-0.0pp	0.3%0.0pp	0.3%
Current Ratio	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Debt-to-Equity	0.10-5.9	6.05+0.5	5.52-0.0	5.56+5.5	0.02-5.5	5.52-0.1	5.65-0.1	5.70
FCF Margin	25.4%+8.5pp	16.9%-30.1pp	47.0%+41.6pp	5.3%-11.5pp	16.9%-12.8pp	29.7%+0.5pp	29.2%+6.8pp	22.4%

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Frequently Asked Questions

What is Independent Bk Corp Mass's annual revenue?

Independent Bk Corp Mass (INDB) reported $1.0B in total revenue for fiscal year 2025. This represents a 19.9% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is Independent Bk Corp Mass's revenue growing?

Independent Bk Corp Mass (INDB) revenue grew by 19.9% year-over-year, from $852.8M to $1.0B in fiscal year 2025.

Is Independent Bk Corp Mass profitable?

Yes, Independent Bk Corp Mass (INDB) reported a net income of $205.1M in fiscal year 2025, with a net profit margin of 20.1%.

How much debt does Independent Bk Corp Mass have?

As of fiscal year 2025, Independent Bk Corp Mass (INDB) had $771.9M in cash and equivalents against $359.3M in long-term debt.

What is Independent Bk Corp Mass's net profit margin?

Independent Bk Corp Mass (INDB) had a net profit margin of 20.1% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

Does Independent Bk Corp Mass pay dividends?

Yes, Independent Bk Corp Mass (INDB) paid $2.36 per share in dividends during fiscal year 2025.

What is Independent Bk Corp Mass's return on equity (ROE)?

Independent Bk Corp Mass (INDB) has a return on equity of 5.8% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is Independent Bk Corp Mass's free cash flow?

Independent Bk Corp Mass (INDB) generated $239.0M in free cash flow during fiscal year 2025. This represents a 14.1% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

What is Independent Bk Corp Mass's operating cash flow?

Independent Bk Corp Mass (INDB) generated $251.2M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are Independent Bk Corp Mass's total assets?

Independent Bk Corp Mass (INDB) had $24.9B in total assets as of fiscal year 2025, including both current and long-term assets.

What are Independent Bk Corp Mass's capital expenditures?

Independent Bk Corp Mass (INDB) invested $12.1M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

Does Independent Bk Corp Mass buy back shares?

Yes, Independent Bk Corp Mass (INDB) spent $60.8M on share buybacks during fiscal year 2025, returning capital to shareholders by reducing shares outstanding.

How many shares does Independent Bk Corp Mass have outstanding?

Independent Bk Corp Mass (INDB) had 49M shares outstanding as of fiscal year 2025.

What is Independent Bk Corp Mass's debt-to-equity ratio?

Independent Bk Corp Mass (INDB) had a debt-to-equity ratio of 0.10 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Independent Bk Corp Mass's return on assets (ROA)?

Independent Bk Corp Mass (INDB) had a return on assets of 0.8% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is Independent Bk Corp Mass's Piotroski F-Score?

Independent Bk Corp Mass (INDB) has a Piotroski F-Score of 3 out of 9, indicating weak financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Independent Bk Corp Mass's earnings high quality?

Independent Bk Corp Mass (INDB) has an earnings quality ratio of 1.22x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

How financially healthy is Independent Bk Corp Mass?

Independent Bk Corp Mass (INDB) scores 68 out of 100 on our Financial Profile, indicating strong overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.