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Independent Bank (INDB) Revenue & Revenue Breakdown

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Independent Bank Revenue Highlights

Latest Revenue (Y)

$1.17B

Latest Revenue (Q)

$832.11M

Main Segment (Y)

Investment Advisory, Management and Administrative Service

Independent Bank Revenue by Period

Independent Bank Revenue by Year

DateRevenueChange
2025-12-31$1.17B19.82%
2024-12-31$974.14M6.89%
2023-12-31$911.33M21.54%
2022-12-31$749.84M45.32%
2021-12-31$515.98M1.69%
2020-12-31$507.42M-8.84%
2019-12-31$556.63M35.04%
2018-12-31$412.21M15.54%
2017-12-31$356.76M9.41%
2016-12-31$326.07M5.95%
2015-12-31$307.75M7.46%
2014-12-31$286.38M6.00%
2013-12-31$270.17M5.66%
2012-12-31$255.69M4.12%
2011-12-31$245.57M-1.63%
2010-12-31$249.63M4.22%
2009-12-31$239.53M16.80%
2008-12-31$205.08M6.93%
2007-12-31$191.79M103.99%
2006-12-31$94.02M-48.61%
2005-12-31$182.93M12.25%
2004-12-31$162.97M4.40%
2003-12-31$156.10M-4.51%
2002-12-31$163.47M-1.42%
2001-12-31$165.83M15.17%
2000-12-31$143.98M13.55%
1999-12-31$126.80M4.10%
1998-12-31$121.80M15.45%
1997-12-31$105.50M18.67%
1996-12-31$88.90M60.47%
1995-12-31$55.40M4.53%
1994-12-31$53.00M11.58%
1993-12-31$47.50M-

Independent Bank generated $1.17B in revenue during NA 2025, up 19.82% compared to the previous quarter, and up 230.02% compared to the same period a year ago.

Independent Bank Revenue by Quarter

DateRevenueChange
2025-09-30$832.11M229.55%
2025-06-30$252.50M4.11%
2025-03-31$242.52M-1.64%
2024-12-31$246.58M-1.16%
2024-09-30$249.46M2.83%
2024-06-30$242.59M3.01%
2024-03-31$235.51M-0.60%
2023-12-31$236.94M1.19%
2023-09-30$234.15M3.04%
2023-06-30$227.23M6.68%
2023-03-31$213.01M-0.61%
2022-12-31$214.32M9.22%
2022-09-30$196.23M12.67%
2022-06-30$174.16M5.47%
2022-03-31$165.13M7.47%
2021-12-31$153.65M30.07%
2021-09-30$118.13M-1.97%
2021-06-30$120.50M-2.59%
2021-03-31$123.70M0.37%
2020-12-31$123.24M-1.78%
2020-09-30$125.48M-2.09%
2020-06-30$128.16M-2.92%
2020-03-31$132.02M-7.54%
2019-12-31$142.78M-5.72%
2019-09-30$151.44M1.41%
2019-06-30$149.33M32.06%
2019-03-31$113.08M2.45%
2018-12-31$110.38M3.99%
2018-09-30$106.14M5.03%
2018-06-30$101.05M7.95%
2018-03-31$93.61M4.32%
2017-12-31$89.74M2.16%
2017-09-30$87.84M3.16%
2017-06-30$85.15M7.64%
2017-03-31$79.11M-1.75%
2016-12-31$80.51M3.11%
2016-09-30$78.08M0.59%
2016-06-30$77.63M4.87%
2016-03-31$74.02M2.57%
2015-12-31$72.16M-2.87%
2015-09-30$74.29M1.94%
2015-06-30$72.88M7.48%
2015-03-31$67.81M-1.34%
2014-12-31$68.72M3.96%
2014-09-30$66.11M3.69%
2014-06-30$63.76M-1.16%
2014-03-31$64.51M1.45%
2013-12-31$63.58M2.89%
2013-09-30$61.80M1.61%
2013-06-30$60.82M1.51%
2013-03-31$59.92M-4.12%
2012-12-31$62.49M6.01%
2012-09-30$58.95M2.32%
2012-06-30$57.61M3.32%
2012-03-31$55.76M-0.73%
2011-12-31$56.17M4.04%
2011-09-30$53.99M-2.81%
2011-06-30$55.55M2.74%
2011-03-31$54.07M-1.55%
2010-12-31$54.92M3.91%
2010-09-30$52.86M1.45%
2010-06-30$52.10M3.67%
2010-03-31$50.26M1.79%
2009-12-31$49.37M8.82%
2009-09-30$45.37M-13.28%
2009-06-30$52.32M29.31%
2009-03-31$40.46M18.49%
2008-12-31$34.15M-13.87%
2008-09-30$39.65M5.03%
2008-06-30$37.75M11.02%
2008-03-31$34.00M3.07%
2007-12-31$32.99M-

Independent Bank generated $832.11M in revenue during Q3 2025, up 229.55% compared to the previous quarter, and up 343.01% compared to the same period a year ago.

Independent Bank Revenue Breakdown

Independent Bank Revenue Breakdown by Product

Annual Revenue by Product

Product/ServiceDec 25Dec 24Dec 22Dec 21Dec 20
Merchant Processing$2.14M$1.85M$1.53M$1.36M$1.30M
Credit Card Income$2.84M$2.34M$1.83M$1.23M$778.00K
Credit Card, Merchant Discount$13.98M$12.51M$10.88M$8.86M$12.56M
Deposit Account$32.14M$26.45M$23.37M$16.75M$15.12M
Investment Advisory, Management and Administrative Service$44.99M$38.31M$32.77M$31.62M$27.16M
ATM Charge$4.56M$4.57M$3.87M$2.99M$2.48M
Investment Advisory, Retail Investment and Insurance Service$5.06M$4.43M$4.06M$3.69M$2.27M

Independent Bank's latest annual revenue breakdown by segment (product or service), as of Dec 25: Investment Advisory, Management and Administrative Service (42.56%), Deposit Account (30.40%), Credit Card, Merchant Discount (13.22%), Investment Advisory, Retail Investment and Insurance Service (4.78%), ATM Charge (4.32%), Credit Card Income (2.69%), and Merchant Processing (2.03%).

Quarterly Revenue by Product

Product/ServiceDec 25Sep 25Jun 25Mar 25Dec 24Mar 24Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20
ATM Charge$1.19M$1.20M$1.14M$1.03M$3.51M$1.06M$1.00M$938.00K$966.00K$1.07M$993.00K$841.00K$812.00K$817.00K$735.00K$625.00K$604.00K$708.00K$525.00K$639.00K
Credit Card Income$795.00K$813.00K$648.00K$587.00K$1.81M$533.00K$555.00K$493.00K$492.00K$495.00K$474.00K$372.00K$348.00K$334.00K$313.00K$236.00K$228.00K$216.00K$151.00K$183.00K
Merchant Processing$609.00K$484.00K$489.00K$560.00K$1.31M$538.00K$432.00K$470.00K$394.00K$412.00K$350.00K$378.00K$338.00K$365.00K$339.00K$320.00K$299.00K$330.00K$277.00K$393.00K
Investment Advisory, Retail Investment and Insurance Service$1.51M$1.30M$1.05M$1.20M$3.57M$861.00K$1.49M$1.59M$1.18M$602.00K$1.50M$769.00K$917.00K$1.03M$845.00K$902.00K$692.00K$574.00K$469.00K$540.00K
Investment Advisory, Management and Administrative Service$12.28M$12.36M$10.33M$10.02M$29.23M$9.08M$8.86M$8.19M$9.21M$7.83M$7.83M$7.90M$8.04M$8.15M$8.03M$7.40M$7.04M$7.00M$6.83M$6.29M
Credit Card, Merchant Discount$3.55M$3.99M$3.35M$3.08M$9.62M$2.90M$3.01M$2.79M$2.84M$2.83M$2.74M$2.47M$2.60M$2.22M$2.14M$1.90M$1.90M$2.02M$4.54M$4.10M
Deposit Account$9.10M$8.85M$7.14M$7.05M$20.23M$6.23M$5.51M$5.92M$5.79M$6.26M$5.83M$5.49M$5.04M$4.30M$3.82M$3.58M$3.89M$3.43M$2.83M$4.97M

Independent Bank's latest quarterly revenue breakdown by segment (product or service), as of Dec 25: Investment Advisory, Management and Administrative Service (42.29%), Deposit Account (31.34%), Credit Card, Merchant Discount (12.23%), Investment Advisory, Retail Investment and Insurance Service (5.21%), ATM Charge (4.10%), Credit Card Income (2.74%), and Merchant Processing (2.10%).

Independent Bank Peer Comparison by Revenue

TickerCompanyLast Year RevenueLast Quarter Revenue
BBARBanco BBVA Argentina$1.92T$899.21B
WBSWebster Financial$4.42B$1.13B
ASBAssociated Banc-Corp$2.46B$637.86M
FULTFulton Financial$1.89B$70.41M
UCBUnited Community Banks$1.54B$276.85M
RNSTRenasant$1.35B$397.12M
CATYCathay General Bancorp$1.33B$334.19M
INDBIndependent Bank$1.17B$832.11M
FIBKFirst Interstate BancSystem$1.06B$250.50M
EBCEastern Bankshares$1.06B$323.40M

INDB Revenue FAQ

What is Independent Bank’s yearly revenue?

Independent Bank's yearly revenue for 2025 was $1.17B, representing an increase of 19.82% compared to 2024. The company's yearly revenue for 2024 was $974.14M, representing an increase of 6.89% compared to 2023. INDB's yearly revenue for 2023 was $911.33M, representing an increase of 21.54% compared to 2022.

What is Independent Bank’s quarterly revenue?

Independent Bank's quarterly revenue for Q3 2025 was $832.11M, a 229.55% increase from the previous quarter (Q2 2025), and a 233.57% increase year-over-year (Q3 2024). The company's quarterly revenue for Q2 2025 was $252.5M, a 4.11% increase from the previous quarter (Q1 2025), and a 4.08% increase year-over-year (Q2 2024). INDB's quarterly revenue for Q1 2025 was $242.52M, a -1.64% decrease from the previous quarter (Q4 2024), and a 2.98% increase year-over-year (Q1 2024).

What is Independent Bank’s revenue growth rate?

Independent Bank's revenue growth rate for the last 3 years (2023-2025) was 28.07%, and for the last 5 years (2021-2025) was 126.20%.

What are Independent Bank’s revenue streams?

Independent Bank's revenue streams in c 25 are Merchant Processing, Credit Card Income, Credit Card, Merchant Discount, Deposit Account, Investment Advisory, Management and Administrative Service, ATM Charge, and Investment Advisory, Retail Investment and Insurance Service. Merchant Processing generated $2.14M in revenue, accounting 2.03% of the company's total revenue, up 15.91% year-over-year. Credit Card Income generated $2.84M in revenue, accounting 2.69% of the company's total revenue, up 21.44% year-over-year. Credit Card, Merchant Discount generated $13.98M in revenue, accounting 13.22% of the company's total revenue, up 11.70% year-over-year. Deposit Account generated $32.14M in revenue, accounting 30.40% of the company's total revenue, up 21.49% year-over-year. Investment Advisory, Management and Administrative Service generated $44.99M in revenue, accounting 42.56% of the company's total revenue, up 17.43% year-over-year. ATM Charge generated $4.56M in revenue, accounting 4.32% of the company's total revenue, down -0.11% year-over-year. Investment Advisory, Retail Investment and Insurance Service generated $5.06M in revenue, accounting 4.78% of the company's total revenue, up 14.05% year-over-year.

What is Independent Bank’s main source of revenue?

For the fiscal year ending Dec 25, the largest source of revenue of Independent Bank was Investment Advisory, Management and Administrative Service. This segment made a revenue of $44.99M, representing 42.56% of the company's total revenue.