INDB Independent Bank Corp

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

Price (delayed)

$71.53

Market cap

$2.36B

P/E Ratio

15.86

Dividend/share

$1.88

EPS

$4.51

Enterprise value

$278.95M

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
INDB's debt is down by 42% YoY and by 2.6% QoQ
The stock's price to earnings (P/E) is 16% less than its 5-year quarterly average of 18.9 and 10% less than its last 4 quarters average of 17.6
Sector: Financial Services
Industry: Banks - Regional
Website: http://www.rocklandtrust.com
Peers: WASH BHB CNBKA UNB

Key stats

What are the main financial stats of INDB
Market
Shares outstanding
33.04M
Market cap
$2.36B
Enterprise value
$278.95M
Valuations
Price to earnings (P/E)
15.86
Price to book (P/B)
1.36
Price to sales (P/S)
4.94
EV/EBIT
1.43
EV/EBITDA
1.24
EV/Sales
0.58
Earnings
Revenue
$478.29M
EBIT
$194.92M
EBITDA
$224.43M
Free cash flow
$187.46M
Per share
EPS
$4.51
Free cash flow per share
$5.67
Book value per share
$52.73
Revenue per share
$14.48
TBVPS
$413.75
Balance sheet
Total assets
$14.19B
Total liabilities
$12.45B
Debt
$171.71M
Equity
$1.74B
Working capital
N/A
Liquidity
Debt to equity
0.1
Current ratio
N/A
Quick ratio
N/A
Net debt/EBITDA
-9.29
Margins
EBITDA margin
46.9%
Gross margin
100%
Net margin
31.1%
Operating margin
41.1%
Efficiency
Return on assets
1.1%
Return on equity
8.7%
Return on invested capital
1.7%
Return on capital employed
N/A
Return on sales
40.8%
Dividend
Dividend yield
2.63%
DPS
$1.88
Payout ratio
41.7%

INDB stock price

How has the Independent Bank stock price performed over time
Intraday
1.71%
1 week
0.89%
1 month
-5.68%
1 year
31.63%
YTD
-2.07%
QTD
-5.26%

Financial performance

How have Independent Bank's revenue and profit performed over time
Revenue
$478.29M
Gross profit
$478.29M
Operating income
$196.64M
Net income
$148.8M
Gross margin
100%
Net margin
31.1%
Independent Bank's operating income has increased by 10% QoQ
INDB's net income is up by 9% since the previous quarter
Independent Bank's revenue has increased by 5% QoQ and by 3.8% YoY
INDB's net margin is down by 5% YoY but it is up by 3.7% QoQ

Growth

What is Independent Bank's growth rate over time

Valuation

What is Independent Bank stock price valuation
P/E
15.86
P/B
1.36
P/S
4.94
EV/EBIT
1.43
EV/EBITDA
1.24
EV/Sales
0.58
The stock's price to earnings (P/E) is 16% less than its 5-year quarterly average of 18.9 and 10% less than its last 4 quarters average of 17.6
The EPS has grown by 9% from the previous quarter
The stock's price to book (P/B) is 24% less than its 5-year quarterly average of 1.8 and 2.9% less than its last 4 quarters average of 1.4
INDB's equity is up by 4.2% YoY
INDB's price to sales (P/S) is 10% lower than its 5-year quarterly average of 5.5 and 5% lower than its last 4 quarters average of 5.2
Independent Bank's revenue has increased by 5% QoQ and by 3.8% YoY

Efficiency

How efficient is Independent Bank business performance
The return on assets has declined by 15% year-on-year but it is up by 10% since the previous quarter
INDB's return on invested capital is up by 13% since the previous quarter
Independent Bank's ROE has increased by 9% from the previous quarter but it has decreased by 3.3% YoY
The ROS has grown by 4.3% from the previous quarter but it has contracted by 2.2% YoY

Dividends

What is INDB's dividend history
DPS
$1.88
Dividend yield
2.63%
Payout ratio
41.7%
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 10% YoY and by 3.3% from the previous quarter
INDB's total assets is up by 9% year-on-year and by 3.1% since the previous quarter
INDB's debt is 90% lower than its equity
Independent Bank's debt to equity has decreased by 44% YoY
INDB's debt is down by 42% YoY and by 2.6% QoQ

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