Independent Bank (INDB) — Capital Reinvestment Ratio
Independent Bank (INDB) has a Capital Reinvestment Ratio of 0.05x as of March 2026, meaning it reinvests 0% of its operating cash flow ($118.02 Million) in capital expenditures ($5.60 Million). See Independent Bank net asset quality index to measure how much of total assets are equity-financed.
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. Check Independent Bank (INDB) total reinvestment rate to assess the company's total reinvestment commitment from operating cash flow.
Annual Capital Reinvestment Ratio for Independent Bank (1991–2025)
Year-by-year Capital Reinvestment Ratio for Independent Bank from 1991 to 2025. For live market cap and broader valuation context, see INDB market cap.
| 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 | — |