Independent Bank (INDB) — Capital Reinvestment Ratio
Independent Bank (INDB) has a Capital Reinvestment Ratio of 0.09x as of June 2026, meaning it reinvests 0% of its operating cash flow ($73.40 Million) in capital expenditures ($6.43 Million). Check tangible net worth ratio of Independent Bank to evaluate the tangible quality of the company's equity base.
Capital Reinvestment Ratio
Operating Cash Flow
Capital Expenditures
Data as of
Independent Bank Capital Reinvestment Ratio (1991–2025)
This chart tracks Independent Bank's Capital Reinvestment Ratio across 35 annual periods. For the full cash flow conversion analysis, see INDB cash generation efficiency.
Annual Capital Reinvestment Ratio for Independent Bank (1991–2025)
Year-by-year Capital Reinvestment Ratio for Independent Bank from 1991 to 2025. See Independent Bank (INDB) free cash flow to measure how efficiently the company converts operating cash flow to free cash.
| Year | Reinvestment Ratio | Operating CF (USD) | Capital Expenditures | YoY Change |
|---|---|---|---|---|
| 2025 | 0.05x | $251.16 Million | $12.13 Million | ▼ -45.6% |
| 2024 | 0.09x | $229.92 Million | $20.43 Million | ▲ +55.4% |
| 2023 | 0.06x | $276.99 Million | $15.84 Million | ▲ +9.2% |
| 2022 | 0.05x | $421.20 Million | $22.07 Million | ▼ -60.4% |
| 2021 | 0.13x | $190.22 Million | $25.20 Million | ▼ -32.0% |
| 2020 | 0.19x | $64.64 Million | $12.59 Million | ▲ +154.2% |
| 2019 | 0.08x | $216.52 Million | $16.58 Million | ▼ -2.2% |
| 2018 | 0.08x | $141.84 Million | $11.11 Million | ▼ -59.1% |
| 2017 | 0.19x | $130.91 Million | $25.08 Million | ▲ +72.0% |
| 2016 | 0.11x | $93.34 Million | $10.39 Million | ▼ -4.9% |
| 2015 | 0.12x | $89.54 Million | $10.49 Million | ▲ +37.8% |
| 2014 | 0.09x | $90.31 Million | $7.68 Million | ▲ +29.3% |
| 2013 | 0.07x | $141.34 Million | $9.29 Million | ▼ -53.9% |
| 2012 | 0.14x | $43.95 Million | $6.26 Million | ▼ -3.3% |
| 2011 | 0.15x | $56.47 Million | $8.32 Million | ▼ -2.1% |
| 2010 | 0.15x | $46.65 Million | $7.02 Million | ▼ -28.4% |
| 2009 | 0.21x | $31.42 Million | $6.60 Million | ▼ -43.5% |
| 2008 | 0.37x | $22.10 Million | $8.22 Million | ▲ +140.3% |
| 2007 | 0.15x | $37.63 Million | $5.83 Million | ▲ +23.2% |
| 2006 | 0.13x | $33.35 Million | $4.19 Million | ▲ +6.6% |
| 2005 | 0.12x | $45.78 Million | $5.39 Million | ▼ -52.4% |
| 2004 | 0.25x | $19.32 Million | $4.79 Million | ▲ +88.4% |
| 2003 | 0.13x | $42.69 Million | $5.61 Million | ▼ -38.8% |
| 2002 | 0.21x | $23.53 Million | $5.06 Million | ▲ +48.9% |
| 2001 | 0.14x | $28.67 Million | $4.14 Million | ▼ -72.8% |
| 2000 | 0.53x | $17.56 Million | $9.31 Million | ▲ +682.9% |
| 1999 | 0.07x | $33.15 Million | $2.25 Million | ▼ -68.6% |
| 1998 | 0.22x | $23.20 Million | $5.00 Million | ▼ -6.1% |
| 1997 | 0.23x | $18.30 Million | $4.20 Million | ▼ -6.3% |
| 1996 | 0.25x | $15.10 Million | $3.70 Million | ▲ +23.2% |
| 1995 | 0.20x | $17.60 Million | $3.50 Million | ▲ +45.6% |
| 1994 | 0.14x | $18.30 Million | $2.50 Million | ▲ +135.3% |
| 1993 | 0.06x | $15.50 Million | $900.00K | ▲ +48.1% |
| 1992 | 0.04x | $15.30 Million | $600.00K | ▲ +46.4% |
| 1991 | 0.03x | $11.20 Million | $300.00K | — |