Independent Bank (INDB) — Free Cash Flow Generation Index
Independent Bank (INDB) has a Free Cash Flow Generation Index of 0.91x as of June 2026. Free cash flow of $66.97 Million represents 1% of operating cash flow ($73.40 Million). Explore how much does Independent Bank reinvest in capital to see what proportion of operating cash flow is directed to capital expenditures.
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. For the full cash flow conversion analysis, see Independent Bank cash conversion from operations.
Annual Free Cash Flow Generation for Independent Bank (1991–2025)
Year-by-year Free Cash Flow Generation Index for Independent Bank. Check INDB cash reinvestment to operating cash ratio to assess the company's total reinvestment commitment from operating cash flow.
| 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 | — |