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). Read total liabilities of Independent Bank for a breakdown of total debt and financial obligations.
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 capital expenditure intensity to see what proportion of operating cash flow is directed to capital expenditures.
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 market capitalisation.
| 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 | — |