Independent Bank (INDB) — Free Cash Flow Generation Index
Independent Bank (INDB) has a Free Cash Flow Generation Index of 0.95x as of March 2026. Free cash flow of $112.42 Million represents 1% of operating cash flow ($118.02 Million). See INDB current assets to equity ratio to evaluate short-term liquidity relative to the company's equity base.
FCF Generation Index
Free Cash Flow
Operating Cash Flow
Capital Expenditures
Independent Bank Free Cash Flow Generation Index (1991–2025)
Historical FCF Generation Index trend for Independent Bank across 35 annual periods. Explore INDB operating cash flow to total debt to assess how comfortably operating cash covers total debt obligations.
Annual Free Cash Flow Generation for Independent Bank (1991–2025)
Year-by-year Free Cash Flow Generation Index for Independent Bank. For the full company profile including market capitalisation, see Independent Bank stock valuation.
| Year | FCG Index | Free Cash Flow (USD) | Operating CF | Capital Expenditures | YoY Change |
|---|---|---|---|---|---|
| 2025 | 0.95x | $239.50 Million | $251.16 Million | $12.13 Million | ▲ +4.7% |
| 2024 | 0.91x | $209.49 Million | $229.92 Million | $20.43 Million | ▼ -3.4% |
| 2023 | 0.94x | $261.15 Million | $276.99 Million | $15.84 Million | ▼ -0.5% |
| 2022 | 0.95x | $399.13 Million | $421.20 Million | $22.07 Million | ▲ +9.2% |
| 2021 | 0.87x | $165.02 Million | $190.22 Million | $25.20 Million | ▲ +7.7% |
| 2020 | 0.81x | $52.05 Million | $64.64 Million | $12.59 Million | ▼ -12.8% |
| 2019 | 0.92x | $199.94 Million | $216.52 Million | $16.58 Million | ▲ +0.2% |
| 2018 | 0.92x | $130.73 Million | $141.84 Million | $11.11 Million | ▲ +14.0% |
| 2017 | 0.81x | $105.83 Million | $130.91 Million | $25.08 Million | ▼ -9.0% |
| 2016 | 0.89x | $82.94 Million | $93.34 Million | $10.39 Million | ▲ +0.7% |
| 2015 | 0.88x | $79.06 Million | $89.54 Million | $10.49 Million | ▼ -3.5% |
| 2014 | 0.91x | $82.63 Million | $90.31 Million | $7.68 Million | ▼ -2.1% |
| 2013 | 0.93x | $132.04 Million | $141.34 Million | $9.29 Million | ▲ +8.9% |
| 2012 | 0.86x | $37.69 Million | $43.95 Million | $6.26 Million | ▲ +0.6% |
| 2011 | 0.85x | $48.15 Million | $56.47 Million | $8.32 Million | ▲ +0.4% |
| 2010 | 0.85x | $39.63 Million | $46.65 Million | $7.02 Million | ▲ +7.5% |
| 2009 | 0.79x | $24.82 Million | $31.42 Million | $6.60 Million | ▲ +25.2% |
| 2008 | 0.63x | $13.94 Million | $22.10 Million | $8.22 Million | ▼ -25.4% |
| 2007 | 0.85x | $31.81 Million | $37.63 Million | $5.83 Million | ▼ -3.3% |
| 2006 | 0.87x | $29.16 Million | $33.35 Million | $4.19 Million | ▼ -0.9% |
| 2005 | 0.88x | $40.38 Million | $45.78 Million | $5.39 Million | ▲ +17.3% |
| 2004 | 0.75x | $14.54 Million | $19.32 Million | $4.79 Million | ▼ -13.4% |
| 2003 | 0.87x | $37.07 Million | $42.69 Million | $5.61 Million | ▲ +10.6% |
| 2002 | 0.79x | $18.47 Million | $23.53 Million | $5.06 Million | ▼ -8.3% |
| 2001 | 0.86x | $24.53 Million | $28.67 Million | $4.14 Million | ▲ +82.2% |
| 2000 | 0.47x | $8.25 Million | $17.56 Million | $9.31 Million | ▼ -49.6% |
| 1999 | 0.93x | $30.90 Million | $33.15 Million | $2.25 Million | ▲ +18.8% |
| 1998 | 0.78x | $18.20 Million | $23.20 Million | $5.00 Million | ▲ +1.8% |
| 1997 | 0.77x | $14.10 Million | $18.30 Million | $4.20 Million | ▲ +2.1% |
| 1996 | 0.75x | $11.40 Million | $15.10 Million | $3.70 Million | ▼ -5.8% |
| 1995 | 0.80x | $14.10 Million | $17.60 Million | $3.50 Million | ▼ -7.2% |
| 1994 | 0.86x | $15.80 Million | $18.30 Million | $2.50 Million | ▼ -8.3% |
| 1993 | 0.94x | $14.60 Million | $15.50 Million | $900.00K | ▼ -2.0% |
| 1992 | 0.96x | $14.70 Million | $15.30 Million | $600.00K | ▼ -1.3% |
| 1991 | 0.97x | $10.90 Million | $11.20 Million | $300.00K | — |