Independent Bank Corp balance sheet
At the end of fiscal 2025, Independent Bank Corp had total assets of $24.91bn, total liabilities of $21.35bn and shareholders' equity of $3.57bn. It held $772m in cash against $826m of debt.
Balance sheet
| Fiscal year | 2009Dec 2009 | 2010Dec 2010 | 2011Dec 2011 | 2012Dec 2012 | 2013Dec 2013 | 2014Dec 2014 | 2015Dec 2015 | 2016Dec 2016 | 2017Dec 2017 | 2018Dec 2018 | 2019Dec 2019 | 2020Dec 2020 | 2021Dec 2021 | 2022Dec 2022 | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 | LTMJun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | — | — | — | — | — | — | — | — | — | — | 0.2 | 1.3 | 2.2 | 0.4 | 0.2 | 0.2 | 0.8 | 1.0 |
| Goodwill | 0.1 | 0.1 | 0.1 | 0.2 | 0.2 | 0.2 | 0.2 | 0.2 | 0.3 | 0.5 | 0.5 | 0.5 | 1.0 | 1.0 | 1.0 | 1.0 | 1.1 | 1.1 |
| Total assets | — | 4.7 | 5.0 | 5.8 | 6.1 | 6.4 | 7.2 | 7.7 | 8.1 | 8.9 | 11.4 | 13.2 | 20.4 | 19.3 | 19.3 | 19.4 | 24.9 | 25.0 |
| Short-term debt | — | 0.3 | 0.4 | 0.2 | 0.2 | 0.1 | — | — | — | 0.0 | 0.1 | — | — | — | — | — | — | — |
| Long-term debt | — | — | 0.2 | 0.2 | 0.2 | 0.2 | 0.1 | 0.1 | 0.1 | 0.1 | 0.2 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.4 | — |
| Total debt | — | 0.6 | 0.5 | 0.6 | 0.4 | 0.4 | 0.3 | 0.3 | 0.3 | 0.3 | 0.3 | 0.2 | 0.2 | 0.1 | 1.2 | 0.7 | 0.8 | 0.7 |
| Total liabilities | — | 4.3 | 4.5 | 5.2 | 5.5 | 5.7 | 6.4 | 6.8 | 7.1 | 7.8 | 9.7 | 11.5 | 17.4 | 16.4 | 16.5 | 16.4 | 21.3 | 21.5 |
| Shareholders' equity | 0.4 | 0.4 | 0.5 | 0.5 | 0.6 | 0.6 | 0.8 | 0.9 | 0.9 | 1.1 | 1.7 | 1.7 | 3.0 | 2.9 | 2.9 | 3.0 | 3.6 | 3.5 |
| Shares outstanding | — | 21m | 21m | 23m | 24m | 24m | — | — | — | — | 34m | 33m | — | 46m | 43m | 43m | 49m | 48m |
| Quarter | 2024 Q3Sept 2024 | 2024 Q4Dec 2024 | 2025 Q1Mar 2025 | 2025 Q2Jun 2025 | 2025 Q3Sept 2025 | 2025 Q4Dec 2025 | 2026 Q1Mar 2026 | 2026 Q2Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Goodwill | 1.0 | 1.0 | 1.0 | 1.0 | 1.1 | 1.1 | 1.1 | 1.1 |
| Total assets | 19.4 | 19.4 | 19.9 | 20.0 | 25.0 | 24.9 | 24.8 | 25.0 |
| Long-term debt | — | 0.1 | — | — | — | 0.4 | — | — |
| Total debt | — | 0.1 | — | — | — | 0.4 | — | — |
| Total liabilities | 16.4 | 16.4 | 16.9 | 17.0 | 21.4 | 21.3 | 21.2 | 21.5 |
| Shareholders' equity | 3.0 | 3.0 | 3.0 | 3.1 | 3.5 | 3.6 | 3.5 | 3.5 |
| Shares outstanding | 42m | 43m | 43m | 43m | 50m | 49m | 49m | 48m |
Compare with peers
- First Financial Bancorp balance sheet
- First Interstate Bancsystem Inc balance sheet
- Wesbanco Inc balance sheet
- Customers Bancorp, Inc. balance sheet
- Renasant Corp balance sheet
Head to head: FFBC vs INDBFIBK vs INDBINDB vs WSBC
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