Independent Bank Corp (IBCP)
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[[ session ]] by (Cboe BZX)
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Fiscal Year End Date: 12/31
(Values in U.S. thousands)
| 12-2024 | 12-2023 | 12-2022 | 12-2021 | 12-2020 | |
| Cash Flows From Operating Activities | |||||
| Net Income | 66,790 | 59,067 | 63,351 | 62,895 | 56,152 |
| Depreciation Amortization | 10,005 | 10,019 | 10,827 | 12,130 | 9,161 |
| Income taxes - deferred | -1,248 | 215 | -359 | 1,912 | -2,130 |
| Other Working Capital | -19,624 | -2,373 | 13,054 | 34,609 | -18,675 |
| Loans | 4,546 | 15,841 | 24,249 | 29,107 | -20,948 |
| Other Operating Activity | 2,682 | -7,180 | -16,490 | -30,499 | 35,124 |
| Operating Cash Flow | $63,151 | $75,589 | $94,632 | $110,154 | $58,684 |
| Cash Flows From Investing Activities | |||||
| Change In Deposits | N/A | N/A | N/A | N/A | 350 |
| PPE Investments | -6,990 | -4,376 | -3,846 | -5,774 | -3,250 |
| Purchase Of Investment | -3,628 | -2,218 | -140,208 | -824,348 | -859,136 |
| Sale Of Investment | 141,267 | 146,711 | 260,811 | 461,094 | 344,786 |
| Net Loans | -251,020 | -305,048 | -542,505 | -195,507 | -39,466 |
| Other Investing Activity | 2,212 | 1,986 | 1,156 | 1,471 | 2,808 |
| Investing Cash Flow | $-118,159 | $-162,945 | $-424,592 | $-563,064 | $-553,908 |
| Cash Flows From Financing Activities | |||||
| Debt Issued | 129,983 | 74,020 | 350,997 | 99,997 | 253,496 |
| Debt Repayment | -135,000 | -110,000 | -295,000 | -100,000 | -272,910 |
| Common Stock Issued | 13 | 70 | 77 | 61 | 15 |
| Common Stock Repurchased | 0 | -5,157 | -4,010 | -17,269 | -14,231 |
| Dividend Paid | -20,045 | -19,327 | -18,565 | -18,155 | -17,618 |
| Other Financing Activity | -1,051 | -650 | -620 | -691 | -755 |
| Financing Cash Flow | $5,109 | $182,766 | $294,858 | $443,678 | $548,625 |
| Beginning Cash Position | 169,781 | 74,371 | 109,473 | 118,705 | 65,304 |
| End Cash Position | 119,882 | 169,781 | 74,371 | 109,473 | 118,705 |
| Net Cash Flow | $-49,899 | $95,410 | $-35,102 | $-9,232 | $53,401 |
| Free Cash Flow | |||||
| Operating Cash Flow | 63,151 | 75,589 | 94,632 | 110,154 | 58,684 |
| Capital Expenditure | -7,950 | -6,024 | -5,679 | -5,837 | -4,383 |
| Free Cash Flow | 55,201 | 69,565 | 88,953 | 104,317 | 54,301 |