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 INDB cash flow conversion to assess how effectively this company generates cash.
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 total reinvestment intensity of Independent Bank to assess the company's total reinvestment commitment from operating cash flow.
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 Independent Bank market cap and net worth.
| 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 | — |