Independent Bank Corp.
Balance Sheet
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Cash & Equivalents | $771.9M | $219.9M | $224.3M | $352.9M | $2.24B | $1.30B | $151.0M | $127.5M |
| Accounts Receivable | — | — | — | — | — | — | — | — |
| Inventory | — | — | — | — | — | — | — | — |
| Total Current Assets | — | — | — | — | — | — | — | — |
| Property, Plant & Equipment | $218.2M | $193.3M | $193.0M | $196.5M | $195.6M | $116.4M | $123.7M | $97.6M |
| Goodwill | $1.09B | $985.1M | $985.1M | $985.1M | $985.1M | $506.2M | $506.2M | $506.2M |
| Intangible Assets (Excl. Goodwill) | $133.6M | $12.3M | $18.2M | $25.1M | $32.8M | $23.1M | $29.3M | $15.3M |
| Total Assets | $24.91B | $19.37B | $19.35B | $19.29B | $20.42B | $13.20B | $11.40B | $8.85B |
| Liabilities | ||||||||
| Accounts Payable | — | — | — | — | — | — | — | — |
| Total Current Liabilities | — | — | — | — | — | — | — | — |
| Long-Term Debt | $359.3M | $62.9M | $112.8M | $112.7M | $126.7M | $145.3M | $187.4M | $110.9M |
| Total Liabilities | $21.35B | $16.38B | $16.45B | $16.41B | $17.40B | $11.50B | $9.69B | $7.78B |
| Stockholders' Equity | ||||||||
| Retained Earnings | $1.27B | $1.17B | $1.08B | $934.4M | $766.7M | $716.0M | $654.2M | $546.7M |
| Total Stockholders' Equity | $3.57B | $2.99B | $2.90B | $2.89B | $3.02B | $1.70B | $1.71B | $1.07B |