Independent Bank Corp. — Earnings Quality Grade B
INDB · Financial Services
Generally healthy
Screening Summary
Management Signals
Financial Trends
Revenue & Net Income ($B)
Margins (%)
18-Point Screening
Revenue Quality
Insufficient data
Insufficient data
Revenue 24.3%, CFFO 9.2%. Cash follows revenue
Expense Quality
No material inventory
CapEx growth -40.6% vs revenue 24.3%. Normal
Insufficient data
Insufficient data
Cash Flow Quality
CFFO/NI = 1.22. Profits backed by cash
FCF $0.2B, FCF/NI = 1.17
Accruals ratio = -0.2%. Low accruals
Cash $0.8B covers 93% of debt $0.8B
Balance Sheet Health
Goodwill+Intangibles $1.2B = 34% of equity
Insufficient data
Insufficient data
No write-off data
Acquisition Risk
FCF after acquisitions positive
Goodwill+Intangibles change 23% YoY. Normal
Manipulation Score
Insufficient data
Portfolio monitoring
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Altman Z-Score — Not Applicable
Independent Bank Corp. is a financial company. Z-Score is designed for non-financial companies.
Generated from public financial data using forensic accounting frameworks. Not investment advice. Data: Yahoo Finance · 2026-04-25