Independent Bank (INDB) — Cash Flow Quality Index
Latest as of June 2026:
0.45x
Independent Bank (INDB) has a Cash Flow Quality Index of 0.45x as of June 2026. Operating cash flow of $73.40 Million is below net income of $161.76 Million, suggesting accrual-heavy earnings not yet converted to cash. Explore INDB cash flow to debt ratio to assess how comfortably operating cash covers total debt obligations.
Cash Flow Quality Index
0.45x
Operating CF / Net Income
Operating Cash Flow
$73.40 Million
USD
Net Income
$161.76 Million
USD
Data as of
Jun 2026
Most recent filing
Independent Bank Cash Flow Quality Index (1992–2025)
Historical Cash Flow Quality Index for Independent Bank across 34 annual periods. Values consistently above 1.0x indicate high-quality earnings. For the full cash flow conversion analysis, see INDB operating cash flow.
Annual Cash Flow Quality Index for Independent Bank (1992–2025)
Year-by-year earnings quality comparison for Independent Bank.
| Year | Quality Index | Operating CF (USD) | Net Income | YoY Change |
|---|---|---|---|---|
| 2025 | 1.22x | $251.16 Million | $205.12 Million | ▲ +2.3% |
| 2024 | 1.20x | $229.92 Million | $192.08 Million | ▲ +3.5% |
| 2023 | 1.16x | $276.99 Million | $239.50 Million | ▼ -27.6% |
| 2022 | 1.60x | $421.20 Million | $263.81 Million | ▲ +1.6% |
| 2021 | 1.57x | $190.22 Million | $120.99 Million | ▲ +194.7% |
| 2020 | 0.53x | $64.64 Million | $121.17 Million | ▼ -59.3% |
| 2019 | 1.31x | $216.52 Million | $165.18 Million | ▲ +12.4% |
| 2018 | 1.17x | $141.84 Million | $121.62 Million | ▼ -22.3% |
| 2017 | 1.50x | $130.91 Million | $87.20 Million | ▲ +23.3% |
| 2016 | 1.22x | $93.34 Million | $76.65 Million | ▼ -11.7% |
| 2015 | 1.38x | $89.54 Million | $64.96 Million | ▼ -8.7% |
| 2014 | 1.51x | $90.31 Million | $59.84 Million | ▼ -46.3% |
| 2013 | 2.81x | $141.34 Million | $50.25 Million | ▲ +172.8% |
| 2012 | 1.03x | $43.95 Million | $42.63 Million | ▼ -17.0% |
| 2011 | 1.24x | $56.47 Million | $45.44 Million | ▲ +7.2% |
| 2010 | 1.16x | $46.65 Million | $40.24 Million | ▼ -15.2% |
| 2009 | 1.37x | $31.42 Million | $22.99 Million | ▲ +48.2% |
| 2008 | 0.92x | $22.10 Million | $23.96 Million | ▼ -30.5% |
| 2007 | 1.33x | $37.63 Million | $28.38 Million | ▲ +30.6% |
| 2006 | 1.02x | $33.35 Million | $32.85 Million | ▼ -26.4% |
| 2005 | 1.38x | $45.78 Million | $33.20 Million | ▲ +119.5% |
| 2004 | 0.63x | $19.32 Million | $30.77 Million | ▼ -61.1% |
| 2003 | 1.61x | $42.69 Million | $26.43 Million | ▲ +72.1% |
| 2002 | 0.94x | $23.53 Million | $25.07 Million | ▼ -27.8% |
| 2001 | 1.30x | $28.67 Million | $22.05 Million | ▲ +12.5% |
| 2000 | 1.16x | $17.56 Million | $15.19 Million | ▼ -40.6% |
| 1999 | 1.95x | $33.15 Million | $17.03 Million | ▲ +35.1% |
| 1998 | 1.44x | $23.20 Million | $16.10 Million | ▲ +11.8% |
| 1997 | 1.29x | $18.30 Million | $14.20 Million | ▼ -1.0% |
| 1996 | 1.30x | $15.10 Million | $11.60 Million | ▼ -23.1% |
| 1995 | 1.69x | $17.60 Million | $10.40 Million | ▼ -25.1% |
| 1994 | 2.26x | $18.30 Million | $8.10 Million | ▼ -33.0% |
| 1993 | 3.37x | $15.50 Million | $4.60 Million | ▼ -95.6% |
| 1992 | 76.50x | $15.30 Million | $200.00K | — |
Cash Flow Quality Index = Operating Cash Flow / Net Income. Ratios above 1.0x indicate cash-backed earnings.