Independent Bank (INDB) — Capital Reinvestment Ratio
Latest as of March 2026:
0.05x
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 INDB FCF generation index to measure how efficiently the company converts operating cash flow to free cash.
Capital Reinvestment Ratio
0.05x
Capex / Operating Cash Flow
Operating Cash Flow
$118.02 Million
USD
Capital Expenditures
$5.60 Million
USD
Data as of
Mar 2026
Most recent filing
Independent Bank Capital Reinvestment Ratio (1991–2025)
This chart tracks Independent Bank's Capital Reinvestment Ratio across 35 annual periods.
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 Independent Bank market capitalisation.
| 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 | — |
Capital Reinvestment Ratio = ABS(Capital Expenditures) / Operating Cash Flow