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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$99.6M in Q3 2026 · $354M over twelve months

Operating cash flow$106M
Capital spending−$6.8M
Free cash flow+$99.6M
Cash / net income1.2×

Analysis

In Q3 2026, Independent Bank generated $106M of operating cash flow and spent $6.8M on capital projects, leaving free cash flow of $99.6M. That is $49.9M more than in Q3 2025 ($49.7M).

Over the twelve months to Sep 30, 2026, operating cash flow was $376M; the largest uses were other investing ($335M), buybacks ($233M), dividends ($120M); besides operations, cash came from net borrowing (+) / repaid (−) ($125M), shares issued ($3.1M); the cash balance fell by $251M.

Operating cash flow was $106M against net income of $89.7M — 1.2× profit, cash ran ahead of reported earnings. The largest differences: other liabilities +$37.8M, prepaid and other assets −$35.2M, depreciation & amortization +$8.0M.

Free cash flow

Independent Bank: free cash flow by quarterIndependent Bank: free cash flow by quarter$36.5MQ4 2024$11.3MQ1 2025$103MQ2 2025$49.7MQ3 2025$75.5MQ4 2025$112MQ1 2026$67.0MQ2 2026$99.6MQ3 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$42.9M$6.4MQ4 2024$13.3M$2.0MQ1 2025$107M$4.2MQ2 2025$52.2M$2.5MQ3 2025$78.9M$3.4MQ4 2025$117M$5.6MQ1 2026$73.4M$6.4MQ2 2026$106M$6.8MQ3 2026
Latest (Q3 2026): Operating cash flow $106M, Capital spending $6.8M.

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 $190MFY2021: Net borrowing −$18.8MFY2021: Shares issued $2.0MFY2021: Asset sales $169KFY2021: Capital spending −$25.2MFY2021: Dividends −$62.7M$192MFY2021FY2022: Operating cash flow $421MFY2022: Net borrowing −$14.1MFY2022: Asset sales $3.3MFY2022: Capital spending −$22.1MFY2022: Buybacks −$140MFY2022: Dividends −$93.7M$425MFY2022FY2023: Operating cash flow $277MFY2023: Shares issued $80KFY2023: Asset sales $113KFY2023: Capital spending −$15.8MFY2023: Buybacks −$189MFY2023: Dividends −$98.0M$277MFY2023FY2024: Operating cash flow $230MFY2024: Shares issued $80KFY2024: Asset sales $92KFY2024: Capital spending −$20.4MFY2024: Buybacks −$31.0MFY2024: Dividends −$96.2M$230MFY2024FY2025: Operating cash flow $251MFY2025: Net borrowing $49.9MFY2025: Asset sales $295KFY2025: Capital spending −$12.1MFY2025: Buybacks −$60.8MFY2025: Dividends −$104M$301MFY2025
Over these 5 years operating cash flow totalled $1.4B; the largest uses were dividends ($455M) and buybacks ($421M). Cash-flow statements as filed.

Where the cash came from and went

Independent Bank: sources (+) and uses (−) of cash, Q3 2026Independent Bank: sources (+) and uses (−) of cash, Q3 2026Other investing−$415MCash drawn (+) / kept (−)$342MOperating cash flow$106MOther financing$60.5MBuybacks−$57.4MDividends−$30.5MCapital spending−$6.8MShares issued$831K
Independent Bank: sources (+) and uses (−) of cash, TTM to Q3 2026Independent Bank: sources (+) and uses (−) of cash, TTM to Q3 2026Operating cash flow$376MOther investing−$335MCash drawn (+) / kept (−)$251MBuybacks−$233MNet borrowing (+) / repaid (−)$125MDividends−$120MOther financing−$44.9MCapital spending−$22.2MShares issued$3.1MAsset & business sales$370K

From profit to cash

Independent Bank: net income to operating cash flow, Q3 2026Independent Bank: net income to operating cash flow, Q3 2026Net income$89.7MDepreciation & amortization$8.0MStock-based pay$2.5MDeferred taxes−$549KPrepaid and other assets−$35.2MOther liabilities$37.8MOperating cash flow$106M
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$106M−$6.8M−$57.4M−$30.5M—$831K$342M$99.6M
Q2 2026$73.4M−$6.4M−$75.0M−$31.1M$25.0M$812K−$272M$67.0M
Q1 2026$117M−$5.6M−$63.3M−$29.1M$50.0M$727K$42.9M$112M
Q4 2025$78.9M−$3.4M−$37.5M−$29.4M$49.9M$745K$139M$75.5M
Q3 2025$52.2M−$2.5M−$23.4M−$25.2M—$749K−$9.6M$49.7M
Q2 2025$107M−$4.2M—−$25.1M—$466K−$184M$103M
Q1 2025$13.3M−$2.0M—−$24.2M—$589K−$497M$11.3M
Q4 2024$42.9M−$6.4M—−$24.2M—$80K$205M$36.5M

Independent Bank: income statement and cash flow

Independent Bank, Q3 2026: revenue $262M (+8% year over year), operating margin 44.7%. 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.