Below are the financial statements of Independent Bank Corp (Massachusetts), including the income statement and balance sheet for the company's latest fiscal year. All figures are accurate, verifiable, and fully traceable to the original annual filing where disclosed.
| All figures in millions of USD | 2024 | 2023 | 2022 |
|---|---|---|---|
| Income | — | — | — |
| Dividends received from subsidiaries | 183.96a | 229.05a | 209.26a |
| Total income | 183.96a | 229.05a | 209.26a |
| Expenses | — | — | — |
| Interest expense | -5.01a | -6.83a | -4.63a |
| Other expenses | -2.89a | -3.16a | -1.68a |
| Total expenses | -7.91a | -9.99a | -6.31a |
| Income before income taxes and equity in undistributed income of subsidiaries | 176.06a | 219.06a | 202.95a |
| Income tax benefit | -2.28a | -2.79a | -1.73a |
| Income of parent company | 178.34a | 221.85a | 204.68a |
| Equity in undistributed income of subsidiaries | 13.75a | 17.66a | 59.13a |
| Net income | 192.08a | 239.5a | 263.81a |
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