Independent Bank quarterly financials
As reported to the FDIC. Dollar values are period-end balances. Net income is for the single quarter, derived from the FDIC's year-to-date figures by subtracting the prior quarter's report. Ratios (ROA, ROE, NIM) are FDIC-computed annualized year-to-date values.
| Quarter | Assets | Deposits | Net loans | Equity | Net income | ROA | ROE | NIM | Noncurrent |
|---|---|---|---|---|---|---|---|---|---|
| Q4 2024 | $17.5B | $15.2B | $13.5B | $2.2B | $29M | -2.15% | -16.32% | 2.65% | 0.32% |
| Q3 2024 | $18.6B | $16.0B | $14.2B | $2.3B | $28M | -3.03% | -22.83% | 2.60% | 0.42% |
| Q2 2024 | $18.4B | $15.8B | $14.5B | $2.2B | $-484507K | -4.83% | -35.48% | 2.58% | 0.38% |
| Q1 2024 | $18.9B | $15.7B | $14.5B | $2.7B | $31M | 0.66% | 4.61% | 2.55% | 0.38% |
| Q4 2023 | $19.0B | $15.7B | $14.6B | $2.7B | $21M | 0.37% | 2.55% | 2.88% | 0.35% |
| Q3 2023 | $18.5B | $15.3B | $14.1B | $2.7B | $38M | 0.34% | 2.37% | 2.96% | 0.27% |
| Q2 2023 | $18.7B | $14.9B | $14.0B | $2.7B | $40M | 0.11% | 0.73% | 3.06% | 0.27% |
| Q1 2023 | $18.8B | $14.1B | $13.9B | $2.7B | $-30418K | -0.66% | -4.48% | 3.24% | 0.27% |
Transcribed from FDIC BankFind Suite quarterly financial data (Call Report-derived). Income in Call Reports is filed year-to-date; per-quarter net income shown here is the difference between consecutive reports within the same year. NIM = net interest margin; “Noncurrent” = noncurrent loans as a share of total loans. These figures describe reported financials only and are not a safety rating or a prediction about the institution.