INDB Independent Bank Corp

Price (delayed)

$52.69

Market cap

$2.24B

P/E Ratio

9.72

Dividend/share

$2.2

EPS

$5.42

Enterprise value

$3.23B

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 40% less than its 5-year quarterly average of 16.3
INDB's debt is up by 22% QoQ
INDB's net income is down by 9% year-on-year and by 8% since the previous quarter

Key stats

What are the main financial stats of INDB
Market
Shares outstanding
42.45M
Market cap
$2.24B
Enterprise value
$3.23B
Valuations
Price to book (P/B)
0.8
Price to sales (P/S)
3.29
EV/EBIT
10.25
EV/EBITDA
9.2
EV/Sales
4.56
Earnings
Revenue
$707.88M
EBIT
$315.13M
EBITDA
$351.24M
Free cash flow
$261.26M
Per share
EPS
$5.42
Free cash flow per share
$5.91
Book value per share
$66.02
Revenue per share
$16.02
TBVPS
$415.2
Balance sheet
Total assets
$19.35B
Total liabilities
$16.45B
Debt
$1.22B
Equity
$2.9B
Working capital
N/A
Liquidity
Debt to equity
0.42
Current ratio
N/A
Quick ratio
N/A
Net debt/EBITDA
2.83
Margins
EBITDA margin
49.6%
Gross margin
100%
Net margin
33.8%
Operating margin
44.5%
Efficiency
Return on assets
1.2%
Return on equity
8.4%
Return on invested capital
1.7%
Return on capital employed
N/A
Return on sales
44.5%
Dividend
Dividend yield
4.18%
DPS
$2.2
Payout ratio
40.6%

INDB stock price

How has the Independent Bank stock price performed over time
Intraday
3.88%
1 week
2.85%
1 month
0.61%
1 year
-21.96%
YTD
-19.94%
QTD
-19.94%

Financial performance

How have Independent Bank's revenue and profit performed over time
Revenue
$707.88M
Gross profit
$707.88M
Operating income
$315.13M
Net income
$239.5M
Gross margin
100%
Net margin
33.8%
Independent Bank's operating income has decreased by 9% YoY and by 9% QoQ
INDB's net income is down by 9% year-on-year and by 8% since the previous quarter
INDB's net margin is down by 8% YoY and by 6% QoQ
The operating margin has contracted by 8% YoY and by 6% from the previous quarter

Growth

What is Independent Bank's growth rate over time

Valuation

What is Independent Bank stock price valuation
P/E
9.72
P/B
0.8
P/S
3.29
EV/EBIT
10.25
EV/EBITDA
9.2
EV/Sales
4.56
The stock's price to earnings (P/E) is 40% less than its 5-year quarterly average of 16.3
The EPS has contracted by 7% from the previous quarter and by 4.7% YoY
The stock's price to book (P/B) is 38% less than its 5-year quarterly average of 1.3 and 11% less than its last 4 quarters average of 0.9
INDB's price to sales (P/S) is 35% lower than its 5-year quarterly average of 5.1 and 3.2% lower than its last 4 quarters average of 3.4
Independent Bank's revenue has decreased by 3.2% QoQ

Efficiency

How efficient is Independent Bank business performance
INDB's return on invested capital is down by 15% year-on-year and by 6% since the previous quarter
The return on assets has declined by 14% since the previous quarter and by 8% year-on-year
Independent Bank's ROE has decreased by 8% from the previous quarter and by 8% YoY
The ROS has contracted by 8% YoY and by 6% from the previous quarter

Dividends

What is INDB's dividend history
DPS
$2.2
Dividend yield
4.18%
Payout ratio
40.6%
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 58% lower than its equity
INDB's debt is up by 22% QoQ
Independent Bank's debt to equity has increased by 20% from the previous quarter

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