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Independent Bank Corp.$68.93($.61)(.88%)

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Income Statement for Independent Bank Corp.
(Amounts are in millions) 12/2019 12/2018 12/2017
Press Release Press Release Press Release
Net Sales or Revenues $562.31 $412.21 $360.19
Cost of Goods Sold $41.19 $20.00 $12.70
Gross Profit $521.12 $392.21 $347.49
       
Research & Development Expense $0.00 $0.00 $0.00
Selling, General, & Admin. Expense $258.34 $219.58 $203.92
Income Before Depreciation $262.78 $172.64 $143.57
       
Depreciation, Depletion, Amortization $5.55 $0.00 $0.00
Non-Operating Income $26.43 $11.17 $3.39
Interest Expense $12.69 $5.54 $5.63
Pretax Income $218.11 $155.93 $134.55
       
Provision for Income Taxes $52.93 $34.30 $47.34
Minority Interest $0.00 $0.00 $0.00
Investment Gains (Losses) $0.00 $0.00 $0.00
Other Income $0.00 $0.00 $0.00
Income Before Extraordinaries $165.18 $121.62 $87.20
       
Extraordinary Items & Disc. Operations $0.00 $0.00 $0.00
Net Income $165.18 $121.62 $87.20
       
Basic Earnings Per Share $5.03 $4.41 $3.19
Diluted Earnings Per Share $5.03 $4.40 $3.19
       
Weighted Average Basic Shares Outstanding 32.81 27.59 27.29
Weighted Average Diluted Shares Outstanding 32.86 27.65 27.37
       
Income Before Non-Recurring Items $184.62 $129.82 $91.72
Income From Non-Recurring Items ($19.45) ($8.20) ($4.51)
Diluted Earnings Per Share before extras $5.62 $4.69 $3.35
       
Dividend (preferred) N/A N/A N/A
Dividend (common) $60.50 $42.68 $35.13
Dividend Per Share (common) $1.76 $1.52 $1.28




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