INDB Independent Bank Corp

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

Price (delayed)

$82.96

Market cap

$4.01B

P/E Ratio

16.33

Dividend/share

$2.41

EPS

$5.08

Enterprise value

$3.96B

?
Relative Growth: Rel. Growth: 80
Relative Strength: Rel. Strength: 62
Relative Valuation: Rel. Valuation: 67
Relative Profitability: Rel. Profitability: 81

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 company's gross profit rose by 34% YoY and by 11% QoQ
Independent Bank's revenue has increased by 34% YoY and by 11% QoQ
The stock's price to earnings (P/E) is 9% more than its 5-year quarterly average of 15.0 and 4.7% more than its last 4 quarters average of 15.6
Sector: Financial Services
Industry: Banks - Regional
Website: http://www.rocklandtrust.com
Peers: WASH BHB WBS 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
1.92%
1 week
0.68%
1 month
5.25%
1 year
32.46%
YTD
13.52%
QTD
10.3%

Financial performance

How have Independent Bank's revenue and profit performed over time
Revenue
$876.23M
Gross profit
$876.23M
Operating income
$309.31M
Net income
$240.62M
Gross margin
100%
Net margin
27.5%
The company's gross profit rose by 34% YoY and by 11% QoQ
Independent Bank's revenue has increased by 34% YoY and by 11% QoQ
Independent Bank's operating income has increased by 28% YoY and by 18% QoQ
INDB's net income is up by 27% year-on-year and by 17% since the previous quarter

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
16.33
P/B
1.15
P/S
4.64
EV/EBIT
12.79
EV/EBITDA
11.26
EV/Sales
4.52
The EPS has grown by 14% from the previous quarter and by 14% YoY
The stock's price to earnings (P/E) is 9% more than its 5-year quarterly average of 15.0 and 4.7% more than its last 4 quarters average of 15.6
INDB's equity is up by 17% YoY
The stock's price to book (P/B) is 15% more than its 5-year quarterly average of 1.0 and 15% more than its last 4 quarters average of 1.0
Independent Bank's revenue has increased by 34% YoY and by 11% QoQ
INDB's price to sales (P/S) is 8% higher than its last 4 quarters average of 4.3 and 3.1% higher than its 5-year quarterly average of 4.5

Efficiency

How efficient is Independent Bank business performance
INDB's return on invested capital is up by 17% since the previous quarter and by 8% year-on-year
Independent Bank's ROE has increased by 13% from the previous quarter and by 11% YoY
The return on assets is up by 11% since the previous quarter
The ROS has grown by 7% from the previous quarter but it has contracted by 4.6% YoY

Dividends

What is INDB's dividend history
Dividend details
DPS
$2.41
Dividend yield
2.91%
Payout ratio
47.4%
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 17% 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 81% lower than its equity
Independent Bank's debt to equity has decreased by 32% YoY and by 14% from the previous quarter
INDB's debt is down by 21% YoY and by 13% QoQ

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