Independent Bank Corp.
Income Statement
| Line Item | FY2017 | FY2016 | FY2015 | FY2014 | FY2013 | FY2012 | FY2011 | FY2010 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $350.0M | $307.8M | $285.6M | $255.6M | $239.1M | $231.1M | $221.9M | $217.3M |
| Net Interest Income | $285.1M | $247.9M | $230.1M | $205.5M | $191.1M | $181.8M | $179.4M | $175.8M |
| Wealth Management Fees | $25.6M | $22.6M | $21.7M | $20.3M | $17.5M | $14.9M | $13.5M | $12.0M |
| Service Charges on Deposits | $12.2M | $11.5M | $11.3M | $11.0M | $11.4M | $11.8M | $11.6M | $12.5M |
| Other Non-Interest Income | $27.2M | $25.8M | $22.4M | $18.8M | $19.1M | $22.7M | $17.4M | $17.0M |
| 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 | 43.7% | 42.5% | 39.5% | 40.7% | 37.7% | 34.9% | 41.1% | 42.0% |
| 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 | 24.9% | 24.9% | 22.7% | 23.4% | 21.0% | 18.4% | 20.5% | 18.5% |
| 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 |