INDB Independent Bank Corp

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

Price (delayed)

$64.15

Market cap

$2.72B

P/E Ratio

12.38

Dividend/share

$2.24

EPS

$5.18

Enterprise value

$3.53B

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 28% more than its last 4 quarters average of 9.5 but 24% less than its 5-year quarterly average of 15.9
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
Sector: Financial Services
Industry: Banks - Regional
Website: http://www.rocklandtrust.com
Peers: WASH BHB EBTC WBS

Key stats

What are the main financial stats of INDB
Market
Shares outstanding
42.47M
Market cap
$2.72B
Enterprise value
$3.53B
Valuations
Price to earnings (P/E)
12.38
Price to book (P/B)
0.94
Price to sales (P/S)
3.95
EV/EBIT
11.91
EV/EBITDA
10.59
EV/Sales
5.11
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
3.49%
DPS
$2.24
Payout ratio
43.2%

INDB stock price

How has the Independent Bank stock price performed over time
Intraday
1.83%
1 week
10.51%
1 month
36.37%
1 year
5.04%
YTD
-2.52%
QTD
26.48%

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%
INDB's net income is down by 17% year-on-year and by 6% since the previous quarter
Independent Bank's operating income has decreased by 17% YoY and by 6% QoQ
INDB's net margin is down by 12% YoY and by 3.3% QoQ
The operating margin has contracted by 12% YoY and by 3.6% from the previous quarter

Growth

What is Independent Bank's growth rate over time

Valuation

What is Independent Bank stock price valuation
INDB P/E details
P/E
12.38
P/B
0.94
P/S
3.95
EV/EBIT
11.91
EV/EBITDA
10.59
EV/Sales
5.11
The stock's price to earnings (P/E) is 28% more than its last 4 quarters average of 9.5 but 24% less than its 5-year quarterly average of 15.9
The EPS has contracted by 13% YoY and by 4.4% from the previous quarter
The stock's price to book (P/B) is 23% less than its 5-year quarterly average of 1.2 but 16% more than its last 4 quarters average of 0.8
INDB's price to sales (P/S) is 21% higher than its last 4 quarters average of 3.2 but 21% lower than its 5-year quarterly average of 4.9
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
Dividend details
DPS
$2.24
Dividend yield
3.49%
Payout ratio
43.2%
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.