INDB Independent Bank Corp

Price (delayed)

$78.15

Market cap

$2.58B

P/E Ratio

18.92

Dividend/share

$1.86

EPS

$4.13

Enterprise value

$988.42M

Sector: Financial Services
Industry: Banks - Regional

Highlights

INDB's debt has shrunk by 68% YoY and by 2.6% QoQ
INDB's equity is up by 2.1% YoY
INDB's net income is down by 13% year-on-year but it is up by 12% since the previous quarter
The EPS has grown by 13% from the previous quarter but it has contracted by 9% YoY
The stock's price to earnings (P/E) is 10% more than its last 4 quarters average of 17.2

Key stats

What are the main financial stats of INDB
Market
Shares outstanding
33.03M
Market cap
$2.58B
Enterprise value
$988.42M
Valuations
Price to earnings (P/E)
18.92
Price to book (P/B)
1.5
Price to sales (P/S)
5.68
EV/EBIT
5.57
EV/EBITDA
4.8
EV/Sales
2.18
Earnings
Revenue
$454.26M
EBIT
$177.59M
EBITDA
$206.08M
Free cash flow
$135.23M
Per share
EPS
$4.13
Free cash flow per share
$4.1
Book value per share
$51.95
Revenue per share
$13.77
TBVPS
$401.45
Balance sheet
Total assets
$13.77B
Total liabilities
$12.06B
Debt
$176.39M
Equity
$1.72B
Working capital
N/A
Liquidity
Debt to equity
0.1
Current ratio
N/A
Quick ratio
N/A
Net debt/EBITDA
-7.73
Margins
EBITDA margin
45.4%
Gross margin
100%
Net margin
30%
Operating margin
39.5%
Efficiency
Return on assets
1%
Return on equity
8%
Return on invested capital
1.5%
Return on capital employed
N/A
Return on sales
39.1%
Dividend
Dividend yield
2.38%
DPS
$1.86
Payout ratio
45%

INDB stock price

How has the Independent Bank stock price performed over time
Intraday
-1.76%
1 week
-5.87%
1 month
-6.4%
1 year
22.49%
YTD
7%
QTD
-7.17%

Financial performance

How have Independent Bank's revenue and profit performed over time
Revenue
$454.26M
Gross profit
$454.26M
Operating income
$179.3M
Net income
$136.13M
Gross margin
100%
Net margin
30%
Independent Bank's operating income has increased by 16% QoQ but it has decreased by 12% YoY
INDB's net income is down by 13% year-on-year but it is up by 12% since the previous quarter
The operating margin has grown by 9% from the previous quarter but it has contracted by 3.9% YoY
The company's gross profit fell by 8% YoY but it rose by 6% QoQ

Growth

What is Independent Bank's growth rate over time

Valuation

What is Independent Bank stock price valuation
P/E
18.92
P/B
1.5
P/S
5.68
EV/EBIT
5.57
EV/EBITDA
4.8
EV/Sales
2.18
The EPS has grown by 13% from the previous quarter but it has contracted by 9% YoY
The stock's price to earnings (P/E) is 10% more than its last 4 quarters average of 17.2
The stock's price to book (P/B) is 17% less than its 5-year quarterly average of 1.8 but 15% more than its last 4 quarters average of 1.3
INDB's equity is up by 2.1% YoY
INDB's price to sales (P/S) is 11% higher than its last 4 quarters average of 5.1 and 5% higher than its 5-year quarterly average of 5.4
Independent Bank's revenue has decreased by 8% YoY but it has increased by 6% QoQ

Efficiency

How efficient is Independent Bank business performance
The return on assets has declined by 23% year-on-year but it is up by 11% since the previous quarter
INDB's return on invested capital is down by 17% year-on-year but it is up by 15% since the previous quarter
Independent Bank's ROE has decreased by 14% YoY but it has increased by 11% from the previous quarter
The ROS has grown by 9% from the previous quarter but it has contracted by 3.2% YoY

Dividends

What is INDB's dividend history
DPS
$1.86
Dividend yield
2.38%
Payout ratio
45%
Recent dividends

Financial health

How did Independent Bank financials performed over time
INDB's total assets is 14% greater than its total liabilities
The total liabilities has grown by 17% YoY and by 4.8% from the previous quarter
INDB's total assets is up by 15% year-on-year and by 4.3% since the previous quarter
INDB's debt is 90% lower than its equity
Independent Bank's debt to equity has plunged by 70% YoY and by 9% from the previous quarter
INDB's debt has shrunk by 68% YoY and by 2.6% QoQ

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