Independent Bank (INDB) — Cash Flow Quality Index
Independent Bank (INDB) has a Cash Flow Quality Index of 1.48x as of March 2026. Operating cash flow of $118.02 Million exceeds net income of $79.92 Million, indicating high earnings quality where cash backs reported profits. Explore Independent Bank (INDB) long-term investment share to see how much of total assets are deployed in long-term investments.
Cash Flow Quality Index
Operating Cash Flow
Net Income
Data as of
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. Check INDB intangible-adjusted equity ratio to evaluate the tangible quality of the company's equity base.
Annual Cash Flow Quality Index for Independent Bank (1992–2025)
Year-by-year earnings quality comparison for Independent Bank. For live market cap and the full company financial profile, see market cap of 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 | — |