Independent Bank annual net debt
2019
2020
2021
2022
2023
2024
2025
Independent Bank Net Debt Growth & History (INDB)
Independent Bank's net debt was $129.4M for fiscal 2025.
View full Independent Bank company overviewIndependent Bank annual net debt history
| Fiscal year | Period ended | Net debt | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | $129.4M | −$408.7M | −75.96% |
| 2024 | 2024-12-31 | $538.0M | −$512.3M | −48.78% |
| 2023 | 2023-12-31 | $1.05B | $1.23B | — |
| 2022 | 2022-12-31 | −$178.8M | $1.85B | — |
| 2021 | 2021-12-31 | −$2.02B | −$965.2M | — |
| 2020 | 2020-12-31 | −$1.06B | −$1.23B | — |
| 2019 | 2019-12-31 | $168.5M | — | — |
Independent Bank quarterly net debt
Q4.19
Q4.20
Q3.21
Q4.21
Q1.22
Q2.22
Q3.22
Q4.22
Q1.23
Q2.23
Q3.23
Q4.23
Q1.24
Q2.24
Q3.24
Q4.24
Q1.25
Q2.25
Q3.25
Q4.25
Q1.26
Q2.26
| Fiscal quarter | Period ended | Net debt | Change | YoY change |
|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | −$299.8M | −$158.0M | — |
| Q1 2026 | 2026-03-31 | $47.3M | −$95.8M | −66.95% |
| Q4 2025 | 2025-12-31 | $129.4M | −$408.7M | −75.96% |
| Q3 2025 | 2025-09-30 | −$135.4M | −$374.3M | — |
| Q2 2025 | 2025-06-30 | −$141.8M | −$521.3M | — |
| Q1 2025 | 2025-03-31 | $143.0M | −$661.0M | −82.21% |
| Q4 2024 | 2024-12-31 | $538.0M | −$512.3M | −48.78% |
| Q3 2024 | 2024-09-30 | $238.9M | −$541.3M | −69.38% |
| Q2 2024 | 2024-06-30 | $379.5M | −$213.5M | −36.00% |
| Q1 2024 | 2024-03-31 | $804.1M | $314.2M | +64.15% |
| Q4 2023 | 2023-12-31 | $1.05B | $1.23B | — |
| Q3 2023 | 2023-09-30 | $780.2M | $1.60B | — |
| Q2 2023 | 2023-06-30 | $593.0M | $1.93B | — |
| Q1 2023 | 2023-03-31 | $489.8M | $2.19B | — |
| Q4 2022 | 2022-12-31 | −$178.8M | $1.85B | — |
| Q3 2022 | 2022-09-30 | −$822.9M | $1.03B | — |
| Q2 2022 | 2022-06-30 | −$1.34B | — | — |
| Q1 2022 | 2022-03-31 | −$1.70B | — | — |
| Q4 2021 | 2021-12-31 | −$2.02B | −$965.2M | — |
| Q3 2021 | 2021-09-30 | −$1.85B | — | — |
| Q4 2020 | 2020-12-31 | −$1.06B | −$1.23B | — |
| Q4 2019 | 2019-12-31 | $168.5M | — | — |
Independent Bank net debt trends
Over the last five fiscal years, Independent Bank's net debt increased from −$1.06B to $129.4M, a change of $1.19B. The latest reported quarter, Q2 2026, shows −$299.8M.
About the metric
What net debt means
Net debt compares a company’s interest-bearing debt with its cash and cash equivalents. Positive net debt means debt exceeds cash, while a negative value indicates the company has more cash than debt on this measure.
Calculation and source
How net debt is calculated
TickerStat calculates net debt as total interest-bearing debt minus cash and cash equivalents at the same reporting-period end. Short-term investments are not subtracted because they are not included in the standardized cash series. Fiscal periods can differ from calendar years, so exact period-end dates are included.
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