INDB Independent Bank Corp

Price (delayed)

$85.51

Market cap

$2.82B

P/E Ratio

23.49

Dividend/share

$1.84

EPS

$3.64

Enterprise value

$1.71B

Sector: Financial Services
Industry: Banks - Regional

Highlights

INDB's debt is down by 40% YoY and by 39% QoQ
The stock's price to earnings (P/E) is 51% more than its last 4 quarters average of 15.6 and 26% more than its 5-year quarterly average of 18.6
The EPS has contracted by 28% YoY and by 9% from the previous quarter

Key stats

What are the main financial stats of INDB
Market
Shares outstanding
33.02M
Market cap
$2.82B
Enterprise value
$1.71B
Valuations
Price to earnings (P/E)
23.49
Price to book (P/B)
1.66
Price to sales (P/S)
6.67
EV/EBIT
11.17
EV/EBITDA
9.48
EV/Sales
4
Earnings
Revenue
$426.67M
EBIT
$152.84M
EBITDA
$180.1M
Free cash flow
$58.15M
Per share
EPS
$3.64
Free cash flow per share
$1.75
Book value per share
$51.65
Revenue per share
$12.83
TBVPS
$381.09
Balance sheet
Total assets
$13.2B
Total liabilities
$11.5B
Debt
$181.06M
Equity
$1.7B
Working capital
N/A
Liquidity
Debt to equity
0.11
Current ratio
N/A
Quick ratio
N/A
Net debt/EBITDA
-6.19
Margins
EBITDA margin
42.2%
Gross margin
100%
Net margin
28.4%
Operating margin
36.2%
Efficiency
Return on assets
0.9%
Return on equity
7.2%
Return on invested capital
1.3%
Return on capital employed
N/A
Return on sales
35.8%
Dividend
Dividend yield
2.15%
DPS
$1.84
Payout ratio
46.2%

INDB stock price

How has the Independent Bank stock price performed over time
Intraday
-0.98%
1 week
2.48%
1 month
8.78%
1 year
21.48%
YTD
17.07%
QTD
17.07%

Financial performance

How have Independent Bank's revenue and profit performed over time
Revenue
$426.67M
Gross profit
$426.67M
Operating income
$154.55M
Net income
$121.17M
Gross margin
100%
Net margin
28.4%
Independent Bank's operating income has decreased by 30% YoY and by 10% QoQ
INDB's net income is down by 27% year-on-year and by 10% since the previous quarter
The operating margin has contracted by 17% YoY and by 8% from the previous quarter
The company's gross profit fell by 15% YoY and by 2.4% QoQ

Growth

What is Independent Bank's growth rate over time

Valuation

What is Independent Bank stock price valuation
P/E
23.49
P/B
1.66
P/S
6.67
EV/EBIT
11.17
EV/EBITDA
9.48
EV/Sales
4
The stock's price to earnings (P/E) is 51% more than its last 4 quarters average of 15.6 and 26% more than its 5-year quarterly average of 18.6
The EPS has contracted by 28% YoY and by 9% from the previous quarter
The stock's price to book (P/B) is 28% more than its last 4 quarters average of 1.3 but 8% less than its 5-year quarterly average of 1.8
INDB's price to sales (P/S) is 42% higher than its last 4 quarters average of 4.7 and 26% higher than its 5-year quarterly average of 5.3
Independent Bank's revenue has decreased by 15% YoY and by 2.4% QoQ

Efficiency

How efficient is Independent Bank business performance
The return on assets has declined by 40% year-on-year and by 18% since the previous quarter
INDB's return on invested capital is down by 38% year-on-year and by 13% since the previous quarter
Independent Bank's ROE has decreased by 33% YoY and by 9% from the previous quarter
The ROS has contracted by 18% YoY and by 8% from the previous quarter

Dividends

What is INDB's dividend history
DPS
$1.84
Dividend yield
2.15%
Payout ratio
46.2%
Recent dividends

Financial health

How did Independent Bank financials performed over time
INDB's total assets is 15% greater than its total liabilities
INDB's debt is 89% lower than its equity
INDB's debt is down by 40% YoY and by 39% QoQ
Independent Bank's debt to equity has decreased by 39% from the previous quarter and by 39% YoY

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