INDB Independent Bank Corp

Price (delayed)

$52.95

Market cap

$2.25B

P/E Ratio

10.22

Dividend/share

$2.22

EPS

$5.18

Enterprise value

$3.05B

Independent Bank Corp. is the holding company for Rockland Trust Company, a full-service commercial bank headquartered in Massachusetts. Rockland Trust was named to The Boston Globe's 'Top Places to Work' ...

Highlights
The stock's price to earnings (P/E) is 36% less than its 5-year quarterly average of 16.0 but 8% more than its last 4 quarters average of 9.5
INDB's debt is down by 12% QoQ but it is up by 3.3% YoY
INDB's net income is down by 17% year-on-year and by 6% since the previous quarter
The EPS has contracted by 13% YoY and by 4.4% from the previous quarter

Key stats

What are the main financial stats of INDB
Market
Shares outstanding
42.47M
Market cap
$2.25B
Enterprise value
$3.05B
Valuations
Price to book (P/B)
0.78
Price to sales (P/S)
3.26
EV/EBIT
10.3
EV/EBITDA
9.17
EV/Sales
4.42
Earnings
Revenue
$690.27M
EBIT
$296.3M
EBITDA
$333.06M
Free cash flow
$260.67M
Per share
EPS
$5.18
Free cash flow per share
$6.13
Book value per share
$67.95
Revenue per share
$16.22
TBVPS
$430.58
Balance sheet
Total assets
$19.32B
Total liabilities
$16.44B
Debt
$1.03B
Equity
$2.88B
Working capital
N/A
Liquidity
Debt to equity
0.36
Current ratio
N/A
Quick ratio
N/A
Net debt/EBITDA
2.41
Margins
EBITDA margin
48.3%
Gross margin
100%
Net margin
32.7%
Operating margin
42.9%
Efficiency
Return on assets
1.2%
Return on equity
7.8%
Return on invested capital
1.5%
Return on capital employed
N/A
Return on sales
42.9%
Dividend
Dividend yield
4.19%
DPS
$2.22
Payout ratio
42.9%

INDB stock price

How has the Independent Bank stock price performed over time
Intraday
0.47%
1 week
2.22%
1 month
9.11%
1 year
7.27%
YTD
-19.54%
QTD
1.79%

Financial performance

How have Independent Bank's revenue and profit performed over time
Revenue
$690.27M
Gross profit
$690.27M
Operating income
$296.3M
Net income
$226.03M
Gross margin
100%
Net margin
32.7%
Independent Bank's operating income has decreased by 17% YoY and by 6% QoQ
INDB's net income is down by 17% year-on-year and by 6% since the previous quarter
The operating margin has contracted by 12% YoY and by 3.6% from the previous quarter
INDB's net margin is down by 12% YoY and by 3.3% QoQ

Growth

What is Independent Bank's growth rate over time

Valuation

What is Independent Bank stock price valuation
P/E
10.22
P/B
0.78
P/S
3.26
EV/EBIT
10.3
EV/EBITDA
9.17
EV/Sales
4.42
The stock's price to earnings (P/E) is 36% less than its 5-year quarterly average of 16.0 but 8% more than its last 4 quarters average of 9.5
The EPS has contracted by 13% YoY and by 4.4% from the previous quarter
The stock's price to book (P/B) is 35% less than its 5-year quarterly average of 1.2 and 2.5% less than its last 4 quarters average of 0.8
INDB's price to sales (P/S) is 35% lower than its 5-year quarterly average of 5.0
Independent Bank's revenue has decreased by 6% YoY and by 2.5% QoQ

Efficiency

How efficient is Independent Bank business performance
INDB's return on invested capital is down by 25% year-on-year and by 12% since the previous quarter
Independent Bank's ROE has decreased by 18% YoY and by 7% from the previous quarter
The return on assets has declined by 14% year-on-year
The ROS has contracted by 12% YoY and by 3.6% from the previous quarter

Dividends

What is INDB's dividend history
DPS
$2.22
Dividend yield
4.19%
Payout ratio
42.9%
Recent dividends

Financial health

How did Independent Bank financials performed over time
INDB's total assets is 18% greater than its total liabilities
INDB's debt is 64% lower than its equity
INDB's debt is down by 12% QoQ but it is up by 3.3% YoY
Independent Bank's debt to equity has decreased by 10% from the previous quarter but it has increased by 2.9% YoY

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