Independent Bank Corp.
Income Statement
| Line Item | FY2017 | FY2016 | FY2015 | FY2014 | FY2013 | FY2012 | FY2011 | FY2010 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $341.9M | $310.3M | $290.8M | $266.0M | $250.6M | $234.8M | $219.8M | $210.9M |
| Cost of Revenue | — | — | — | — | — | — | — | — |
| Gross Profit | — | — | — | — | — | — | — | — |
| Gross Margin | — | — | — | — | — | — | — | — |
| Operating Expenses | ||||||||
| Research & Development | — | — | — | — | — | — | — | — |
| SG&A Expense | — | — | — | — | — | — | — | — |
| Operating Income | $152.9M | $130.9M | $112.8M | $104.2M | $90.1M | $80.7M | $91.3M | $91.2M |
| Operating Margin | 44.7% | 42.2% | 38.8% | 39.2% | 35.9% | 34.4% | 41.5% | 43.3% |
| Interest Expense | $18.3M | $18.8M | $20.6M | $20.4M | $23.3M | $23.4M | $28.7M | $38.8M |
| Pretax Income | $134.5M | $112.1M | $92.2M | $83.7M | $66.7M | $57.3M | $62.6M | $52.5M |
| Income Tax Expense | $47.3M | $35.4M | $27.2M | $23.9M | $16.5M | $14.7M | $17.1M | $12.2M |
| Net Income | $87.2M | $76.6M | $65.0M | $59.8M | $50.3M | $42.6M | $45.4M | $40.2M |
| Net Margin | 25.5% | 24.7% | 22.3% | 22.5% | 20.1% | 18.2% | 20.7% | 19.1% |
| EPS (Basic) | $3.19 | $2.90 | $2.51 | $2.50 | $2.18 | $1.96 | $2.12 | $1.90 |
| EPS (Diluted) | $3.19 | $2.90 | $2.50 | $2.49 | $2.18 | $1.95 | $2.12 | $1.90 |
| Shares Outstanding (Basic) | 27.3M | 26.4M | 25.9M | 23.9M | 23.0M | 21.8M | 21.4M | 21.2M |
| Shares Outstanding (Diluted) | 27.4M | 26.5M | 26.0M | 24.0M | 23.1M | 21.8M | 21.5M | 21.2M |
| Dividends Per Share | — | — | $1.04 | $0.96 | $0.88 | $0.84 | $0.76 | $0.72 |