INDEPENDENT BANK CORP Revenue Disclosure
| Years Ended December 31 | |||||||||||||||||
| 2025 | 2024 | 2023 | |||||||||||||||
| (Dollars in thousands) | |||||||||||||||||
| Deposit account fees (inclusive of cash management fees) | $ | 32,141 | $ | 26,455 | $ | 23,486 | |||||||||||
| Interchange fees | 13,977 | 12,513 | 11,865 | ||||||||||||||
| ATM fees | 4,563 | 4,568 | 4,243 | ||||||||||||||
| Investment management - wealth management and advisory services | 44,989 | 38,311 | 34,588 | ||||||||||||||
| Investment management - retail investments and insurance revenue | 5,056 | 4,433 | 5,603 | ||||||||||||||
| Payment processing income | 2,142 | 1,848 | 1,675 | ||||||||||||||
| Credit card income | 2,843 | 2,341 | 2,119 | ||||||||||||||
| Other non-interest income | 7,688 | 5,343 | 5,684 | ||||||||||||||
| Total non-interest income in-scope of ASC 606 | 113,399 | 95,812 | 89,263 | ||||||||||||||
| Total non-interest income out-of-scope of ASC 606 | 35,290 | 32,202 | 35,346 | ||||||||||||||
| Total non-interest income | $ | 148,689 | $ | 128,014 | $ | 124,609 | |||||||||||
| December 31, 2025 | December 31, 2024 | ||||||||||
| (Dollars in thousands) | |||||||||||
| Receivables, included in other assets | $ | 7,884 | $ | 5,968 | |||||||
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Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2025 | Feb 27, 2026 | Showing above |
| 2024 | Feb 28, 2025 | |
| 2023 | Feb 28, 2024 | |
| 2022 | Feb 28, 2023 | |
| 2021 | Feb 28, 2022 | |
| 2020 | Feb 26, 2021 | |
| 2019 | Feb 27, 2020 | |
| 2018 | Feb 28, 2019 | |
About Revenue Disclosures
Revenue disclosures under ASC 606 explain how a company identifies performance obligations, allocates transaction prices, and determines when revenue is recognized. This section is essential for understanding whether reported revenue reflects genuine economic activity or aggressive accounting choices. Analysts examine the mix of point-in-time versus over-time recognition, which directly affects revenue timing and comparability.
Key signals: rising contract liabilities (deferred revenue) suggest strong future revenue visibility, while declining contract assets may indicate slowing project milestones. Watch for variable consideration estimates — rebates, returns, and performance bonuses that require management judgment. Significant changes in disaggregated revenue by geography or product line can reveal shifting business mix before it appears in headline numbers. Compare revenue growth against contract liability growth to assess sustainability, and scrutinize any changes in the timing of recognition that coincide with earnings pressure.