INDB Independent Bank Corp

  1. Stocks
  2. Financial Services
  3. NASDAQ: INDB

Price (delayed)

$80.06

Market cap

$3.79B

P/E Ratio

14.35

Dividend/share

$2.51

EPS

$5.58

Enterprise value

$3.49B

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Relative Growth: Rel. Growth: 78
Relative Strength: Rel. Strength: 58
Relative Valuation: Rel. Valuation: 75
Relative Profitability: Rel. Profitability: 83

Independent Bank Corp. (NASDAQ Global Select Market: INDB) is the holding company for Rockland Trust Company, a full-service commercial bank headquartered in Massachusetts. Rockland Trust was named to The Boston ...

Highlights
INDB's net income is up by 44% year-on-year and by 13% since the previous quarter
The company's gross profit rose by 43% YoY and by 8% QoQ
Sector: Financial Services
Industry: Banks - Regional
Website: http://www.rocklandtrust.com
Peers: WASH BHB UNB

Key stats

What are the main financial stats of INDB

INDB stock price

How has the Independent Bank stock price performed over time
Intraday
1.43%
1 week
-1.4%
1 month
-1.95%
1 year
16.21%
YTD
9.55%
QTD
3.1%

Financial performance

How have Independent Bank's revenue and profit performed over time
Revenue
$948.69M
Gross profit
$948.69M
Operating income
$350.3M
Net income
$271.35M
Gross margin
100%
Net margin
28.6%
Independent Bank's operating income has increased by 45% YoY and by 13% QoQ
INDB's net income is up by 44% year-on-year and by 13% since the previous quarter
The company's gross profit rose by 43% YoY and by 8% QoQ
Independent Bank's revenue has increased by 43% YoY and by 8% QoQ

Price vs fundamentals

How does INDB's price correlate with its fundamentals

Growth

What is Independent Bank's growth rate over time

Valuation

What is Independent Bank stock price valuation
INDB P/E details
P/E
14.35
P/B
1.1
P/S
4.06
EV/EBIT
9.97
EV/EBITDA
8.88
EV/Sales
3.68
The EPS has grown by 26% YoY and by 10% from the previous quarter
The stock's price to earnings (P/E) is 9% less than its last 4 quarters average of 15.8 and 3.7% less than its 5-year quarterly average of 14.9
INDB's equity is up by 14% YoY
The stock's price to book (P/B) is 10% more than its 5-year quarterly average of 1.0 and 10% more than its last 4 quarters average of 1.0
Independent Bank's revenue has increased by 43% YoY and by 8% QoQ
INDB's price to sales (P/S) is 8% lower than its 5-year quarterly average of 4.4 and 8% lower than its last 4 quarters average of 4.4

Efficiency

How efficient is Independent Bank business performance
Independent Bank's ROE has increased by 24% YoY and by 10% from the previous quarter
INDB's return on invested capital is up by 15% year-on-year and by 7% since the previous quarter
The return on assets is up by 10% since the previous quarter and by 10% year-on-year
The ROS has grown by 4.5% from the previous quarter

Dividends

What is INDB's dividend history
Dividend details
DPS
$2.51
Dividend yield
3.14%
Payout ratio
45%
Recent dividends

Special dividends are included in TTM DPS and yield

Financial health

How did Independent Bank financials performed over time
INDB's total assets is 16% greater than its total liabilities
The total liabilities has grown by 26% YoY
INDB's total assets is up by 25% year-on-year
INDB's debt is 80% lower than its equity
Independent Bank's debt to equity has decreased by 20% YoY and by 9% from the previous quarter
INDB's equity is up by 14% YoY

All financial data is based on trailing twelve months (TTM) periods - updated quarterly, unless otherwise specified.