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Income Statement (NONE)
| Q1 '25 | QoQ | |
|---|---|---|
| Net Income | 16M | 15.6% |
Balance Sheet (NONE)
| Q1 '25 | QoQ | |
|---|---|---|
| Total Assets | 5.33B | 0.2% |
| Total Liabilities | 4.86B | 0.5% |
| Total Equity | 467M | 2.8% |
| Shares Outstanding | 21M | 0.2% |
Cash Flow (NONE)
| Q1 '25 | QoQ |
|---|
EPS
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Financial Highlights for Independent Bank in Q1 '25
Net Income for the quarter was 16M, showing a -15.6% change from the prior quarter. Net income provides a clear picture of the company's profitability after all expenses. An increase suggests the company is becoming more profitable, while a decrease may raise concerns about the company's financial health, unless there are specific one-time costs or investments.
Independent Bank faced some challenges this quarter with a decline in one or more of the key metrics: revenue, gross profit, or net income. An increase in the cost of revenue, higher than the revenue growth, suggests potential margin pressures.
