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Independent Bank cash flow, quarter by quarter

Latest: Q3 2026 · from the cash-flow statements filed with the SEC

Free cash flow$22.1M in Q3 2026 · $43.7M over twelve months

Operating cash flow$25.2M
Capital spending−$3.0M
Free cash flow+$22.1M
Cash / net income1.4×

Analysis

In Q3 2026, Independent Bank generated $25.2M of operating cash flow and spent $3.0M on capital projects, leaving free cash flow of $22.1M. That is $5.6M more than in Q3 2025 ($16.5M).

Over the twelve months to Sep 30, 2026, operating cash flow was $56.3M; the largest uses were other investing ($159M), dividends ($23.1M), capital spending ($12.6M); besides operations, cash came from other financing ($122M), net borrowing (+) / repaid (−) ($3K); the cash balance fell by $26.9M.

Operating cash flow was $25.2M against net income of $17.9M — 1.4× profit, cash ran ahead of reported earnings. The largest differences: prepaid and other assets −$3.1M, depreciation & amortization +$2.5M, accrued liabilities −$2.0M.

Free cash flow

Independent Bank: free cash flow by quarterIndependent Bank: free cash flow by quarter$12.4MQ4 2024$18.1MQ1 2025$16.9MQ2 2025$16.5MQ3 2025$18.6MQ4 2025−$13.8MQ1 2026$16.7MQ2 2026$22.1MQ3 2026
Operating cash flow less capital spending.
Independent Bank: operating cash flow against capital spendingIndependent Bank: operating cash flow against capital spendingOperating cash flowCapital spending$16.4M$4.0MQ4 2024$19.3M$1.1MQ1 2025$19.2M$2.3MQ2 2025$18.2M$1.7MQ3 2025$20.0M$1.4MQ4 2025−$9.2M$4.6MQ1 2026$20.3M$3.6MQ2 2026$25.2M$3.0MQ3 2026
Latest (Q3 2026): Operating cash flow $25.2M, Capital spending $3.0M.

Capital allocation, year by year

Independent Bank: where the cash came from (up) and went (down), by fiscal yearIndependent Bank: where the cash came from (up) and went (down), by fiscal yearOperating cash flowNet borrowingShares issuedAsset salesCapital spendingBuybacksDividendsFY2021: Operating cash flow $110MFY2021: Net borrowing −$3KFY2021: Shares issued $61KFY2021: Asset sales $63KFY2021: Capital spending −$5.8MFY2021: Buybacks −$17.3MFY2021: Dividends −$18.2M$110MFY2021FY2022: Operating cash flow $94.6MFY2022: Net borrowing $61.0MFY2022: Shares issued $77KFY2022: Asset sales $1.8MFY2022: Capital spending −$5.7MFY2022: Buybacks −$4.0MFY2022: Dividends −$18.6M$158MFY2022FY2023: Operating cash flow $75.6MFY2023: Net borrowing −$61.0MFY2023: Shares issued $70KFY2023: Asset sales $1.6MFY2023: Capital spending −$6.0MFY2023: Buybacks −$5.2MFY2023: Dividends −$19.3M$77.3MFY2023FY2024: Operating cash flow $63.2MFY2024: Net borrowing −$17KFY2024: Shares issued $13KFY2024: Asset sales $960KFY2024: Capital spending −$8.0MFY2024: Dividends −$20.0M$64.1MFY2024FY2025: Operating cash flow $76.7MFY2025: Net borrowing −$6KFY2025: Capital spending −$6.5MFY2025: Buybacks −$12.4MFY2025: Dividends −$21.6M$76.7MFY2025
Over these 5 years operating cash flow totalled $420M; the largest uses were dividends ($97.7M) and net borrowing ($61.0M). Cash-flow statements as filed.

Cash runway and the debt wall

Cash & investments$182M
Debtnone
Net cash$182M

Independent Bank funds itself: free cash flow was $43.7M over the last twelve months, with $182M of cash and investments and no debt on the balance sheet.

Where the cash came from and went

Independent Bank: sources (+) and uses (−) of cash, Q3 2026Independent Bank: sources (+) and uses (−) of cash, Q3 2026Operating cash flow$25.2MCash drawn (+) / kept (−)−$16.4MOther investing$10.3MDividends−$6.2MOther financing−$5.7MBuybacks−$4.2MCapital spending−$3.0MNet borrowing (+) / repaid (−)$4KTaxes on employees’ shares−$3K
Independent Bank: sources (+) and uses (−) of cash, TTM to Q3 2026Independent Bank: sources (+) and uses (−) of cash, TTM to Q3 2026Other investing−$159MOther financing$122MOperating cash flow$56.3MCash drawn (+) / kept (−)$26.9MDividends−$23.1MCapital spending−$12.6MBuybacks−$8.8MTaxes on employees’ shares−$1.4MNet borrowing (+) / repaid (−)$3K

From profit to cash

Independent Bank: net income to operating cash flow, Q3 2026Independent Bank: net income to operating cash flow, Q3 2026Net income$17.9MDepreciation & amortization$2.5MStock-based pay$732KAccrued liabilities−$2.0MPrepaid and other assets−$3.1MOperating cash flow$25.2M
Non-cash charges are added back; money tied up in receivables or inventory is subtracted.

Every quarter

QuarterOperating cash flowCapital spendingBuybacksDividendsNet borrowing (+) / repaid (−)Shares issuedCash drawn (+) / kept (−)Free cash flow
Q3 2026$25.2M−$3.0M−$4.2M−$6.2M$4K—−$16.4M$22.1M
Q2 2026$20.3M−$3.6M—−$5.8M−$5K—$9.5M$16.7M
Q1 2026−$9.2M−$4.6M—−$5.8M$7K—−$36.5M−$13.8M
Q4 2025$20.0M−$1.4M−$4.7M−$5.4M−$3K—$70.3M$18.6M
Q3 2025$18.2M−$1.7M−$413K−$5.4M−$2K—−$62.5M$16.5M
Q2 2025$19.2M−$2.3M−$7.3M−$5.4M−$6K—−$18.0M$16.9M
Q1 2025$19.3M−$1.1M−$33K−$5.4M$5K—−$8.3M$18.1M
Q4 2024$16.4M−$4.0M—−$5.0M$9K$13K$1.7M$12.4M

Independent Bank: income statement and cash flow

Independent Bank, Q3 2026: revenue $71.1M (+24% year over year), operating margin 30.3%. The chart follows the revenue to costs, profit and cash.

Independent Bank: every quarter, Q/Q and Y/Y → Open in the app

Read automatically from the company’s XBRL cash-flow statements; quarterly figures for the fourth quarter are the year less the first three. Errors are possible. Not investment advice.