INDEPENDENT BANK CORP
For the period ended Dec 31, 2023. Filed Feb 28, 2024.
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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2023 · Filed Feb 28, 2024
INDB$84.81-0.6%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statements of Comprehensive Income
| Years Ended December 31 | |||
|---|---|---|---|
| 2023 | 2022 | 2021 | |
| (Dollars in thousands) | |||
| Net income | $239,502 | $263,813 | $120,992 |
| Other comprehensive income (loss), net of tax | |||
| Net change in fair value of securities available for sale | 32,426 | (118,990) | (22,922) |
| Net change in fair value of cash flow hedges | 16,055 | (50,767) | (19,139) |
| Net change in other comprehensive income for defined benefit postretirement plans | (224) | 4,490 | 3,549 |
| Total other comprehensive income (loss) | 48,257 | (165,267) | (38,512) |
| Total comprehensive income | $287,759 | $98,546 | $82,480 |
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