INDEPENDENT BANK CORP

Annual Trend FY 2016 FY 2017 FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025
Noninterest income:
Additional Financial Items
Bank Owned Life Insurance Income $4.1m $4.1m $4.1m $5.0m $5.4m $6.4m $7.7m $7.9m $8.1m $9.4m
Amortization of Intangible Assets $2.8m $3.5m $2.7m $6.8m
Depreciation, Depletion and Amortization, Nonproduction $14.4m $15.7m $16.0m $19.4m $27.3m $32.8m $38.8m $36.1m $40.9m $42.1m
Equity Securities, FV-NI, Realized Gain (Loss) $874k $18k $14k $192k $0 $197k $877k $256k
Gain (Loss) on Investments ($26k) $3k ($1.5m) ($64k)
Net Income (Loss) Attributable to Parent $76.6m $87.2m $121.6m $165.2m $121.2m $121.0m $263.8m $239.5m $192.1m $205.1m
Earnings Per Share, Basic $2.90 $3.19 $4.41 $5.03 $3.64 $3.47 $5.69 $5.42 $4.52 $4.44
Earnings Per Share, Diluted $2.90 $3.19 $4.40 $5.03 $3.64 $3.47 $5.69 $5.42 $4.52 $4.44
Common Stock, Dividends, Per Share, Declared $2.28 $2.36
Weighted Average Number of Shares Outstanding, Basic 26.4m 27.3m 27.6m 32.8m 33.3m 34.9m 46.4m 44.2m 42.5m 46.2m
Weighted Average Number of Shares Outstanding, Diluted 26.5m 27.4m 27.7m 32.9m 33.3m 34.9m 46.4m 44.2m 42.5m 46.2m
Noninterest expense:
Labor and Related Expense $108.6m $116.6m $124.3m $149.2m $152.5m $172.6m $204.7m $222.1m $233.7m $287.5m
Business Combination, Acquisition Related Costs $5.5m $3.4m $11.2m $26.4m $40.8m $7.1m $0 $1.9m $39.6m
Current Income Tax Expense (Benefit) $35.4m $38.1m $38.8m $42.3m $49.2m $32.6m $85.2m $72.9m $65.6m $60.3m
Interest Expense $18.8m $18.3m $25.5m $53.9m $34.3m $13.7m $29.6m $189.2m
Income Tax Expense (Benefit) $35.4m $47.3m $34.3m $52.9m $31.7m $35.7m $83.9m $75.6m $55.0m $57.0m
Total interest expense $291.0m $313.6m
Interest Income (Expense), Net $227.8m $258.9m $298.2m $393.1m $367.7m $401.6m $613.2m $606.5m $561.7m $708.8m