Pulling SEC filings + quote and writing the call…
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net income | $76.6M | $87.2M | $122M | $165M | $121M | $121M | $264M | $240M | $192M | $205M |
| EPS (diluted) | $2.90 | $3.19 | $4.40 | $5.03 | $3.64 | $3.47 | $5.69 | $5.42 | $4.52 | $4.44 |
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $92.9M | $131M | $142M | $217M | $64.6M | $190M | $421M | $277M | $230M | $251M |
| Capital expenditures | $10.4M | $25.1M | $11.1M | $16.6M | $12.6M | $25.2M | $22.1M | $15.8M | $20.4M | $12.1M |
| Free cash flow | $82.5M | $106M | $131M | $200M | $52.0M | $165M | $399M | $261M | $209M | $239M |
| Share buybacks | — | — | $0.00 | $0.00 | $95.1M | $0.00 | $140M | $189M | $31.0M | $60.8M |
| Dividends paid | $29.7M | $34.0M | $40.2M | $53.3M | $60.8M | $62.7M | $93.7M | $98.0M | $96.2M | $104M |
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & equivalents | — | — | — | $151M | $1.30B | $2.24B | $353M | $224M | $220M | $772M |
| Total assets | $7.71B | $8.08B | $8.85B | $11.4B | $13.2B | $20.4B | $19.3B | $19.3B | $19.4B | $24.9B |
| Total liabilities | $6.84B | $7.14B | $7.78B | $9.69B | $11.5B | $17.4B | $16.4B | $16.5B | $16.4B | $21.3B |
| Long-term debt | $108M | $108M | $111M | $187M | $145M | $127M | $113M | $113M | $62.9M | $359M |
| Shareholders' equity | $865M | $944M | $1.07B | $1.71B | $1.70B | $3.02B | $2.89B | $2.90B | $2.99B | $3.57B |
| Retained earnings | $414M | $466M | $547M | $654M | $716M | $767M | $934M | $1.08B | $1.17B | $1.27B |
| Shares (wtd avg diluted) | 26.5M | 27.4M | 27.7M | 32.9M | 33.3M | 34.9M | 46.4M | 44.2M | 42.5M | 46.2M |
Every figure is extracted from INDEPENDENT BANK CORP’s annual reports as filed with the SEC (XBRL company facts) — no third-party estimates. Fiscal years are labeled by period end; filers occasionally re-tag concepts, so a sparse cell means the company didn’t report that concept for that year. Free cash flow = operating cash flow − capital expenditures.
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