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INDB Independent Bank Corp

Price (delayed)

$62.72

Market cap

$2.67B

P/E Ratio

13.63

Dividend/share

$2.28

EPS

$4.6

Enterprise value

$2.9B

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 34% YoY and by 4.3% QoQ
INDB's equity is up by 3.2% YoY
The stock's price to earnings (P/E) is 22% more than its last 4 quarters average of 11.3 but 10% less than its 5-year quarterly average of 15.4
INDB's net income is down by 25% year-on-year and by 8% since the previous quarter
The EPS has contracted by 21% YoY and by 7% from the previous quarter

Key stats

What are the main financial stats of INDB
Market
Shares outstanding
42.49M
Market cap
$2.67B
Enterprise value
$2.9B
Valuations
Price to book (P/B)
0.89
Price to sales (P/S)
4.06
EV/EBIT
11.38
EV/EBITDA
9.84
EV/Sales
4.43
Earnings
Revenue
$655.8M
Gross profit
$655.8M
Net income
$196.85M
EBIT
$255.11M
EBITDA
$295.14M
Free cash flow
$220.22M
Per share
EPS
$4.6
EPS diluted
$4.6
Free cash flow per share
$5.18
Book value per share
$70.08
Revenue per share
$15.44
TBVPS
$433.35
Balance sheet
Total assets
$19.41B
Total liabilities
$16.43B
Debt
$663.38M
Equity
$2.98B
Working capital
N/A
Liquidity
Debt to equity
0.22
Current ratio
N/A
Quick ratio
N/A
Net debt/EBITDA
0.81
Margins
EBITDA margin
45%
Gross margin
100%
Net margin
30%
Operating margin
38.9%
Efficiency
Return on assets
1%
Return on equity
6.7%
Return on invested capital
1.3%
Return on capital employed
N/A
Return on sales
38.9%
Dividend
Dividend yield
3.64%
DPS
$2.28
Payout ratio
49.6%

INDB stock price

How has the Independent Bank stock price performed over time
Intraday
-1.13%
1 week
-2.29%
1 month
-12.61%
1 year
-1.51%
YTD
-2.29%
QTD
-2.29%

Financial performance

How have Independent Bank's revenue and profit performed over time
Revenue
$655.8M
Gross profit
$655.8M
Operating income
$255.11M
Net income
$196.85M
Gross margin
100%
Net margin
30%
INDB financials
Independent Bank's operating income has decreased by 26% YoY and by 9% QoQ
INDB's net income is down by 25% year-on-year and by 8% since the previous quarter
The operating margin has contracted by 17% YoY and by 6% from the previous quarter
INDB's net margin is down by 16% YoY and by 5% QoQ

Growth

What is Independent Bank's growth rate over time
INDB growth chart

Valuation

What is Independent Bank stock price valuation
P/E
13.63
P/B
0.89
P/S
4.06
EV/EBIT
11.38
EV/EBITDA
9.84
EV/Sales
4.43
Price to earnings (P/E)
The stock's price to earnings (P/E) is 22% more than its last 4 quarters average of 11.3 but 10% less than its 5-year quarterly average of 15.4
The EPS has contracted by 21% YoY and by 7% from the previous quarter
Price to book (P/B)
The stock's price to book (P/B) is 17% less than its 5-year quarterly average of 1.1 but 14% more than its last 4 quarters average of 0.8
INDB's equity is up by 3.2% YoY
Price to sales (P/S)
INDB's price to sales (P/S) is 14% higher than its last 4 quarters average of 3.6 but 13% lower than its 5-year quarterly average of 4.7
Independent Bank's revenue has decreased by 10% YoY and by 3.3% QoQ

Efficiency

How efficient is Independent Bank business performance
The return on assets has declined by 29% year-on-year and by 9% since the previous quarter
INDB's return on invested capital is down by 28% year-on-year and by 13% since the previous quarter
Independent Bank's ROE has decreased by 26% YoY and by 9% from the previous quarter
The ROS has contracted by 17% YoY and by 6% from the previous quarter

Dividends

What is INDB's dividend history
DPS
$2.28
Dividend yield
3.64%
Payout ratio
49.6%
Recent dividends

Special dividends are included in TTM DPS and yield

Financial health

How did Independent Bank financials performed over time
Assets vs liabilities
INDB's total assets is 18% greater than its total liabilities
Debt vs equity
INDB's debt is 78% lower than its equity
Independent Bank's debt to equity has decreased by 37% YoY and by 8% from the previous quarter
INDB's debt is down by 34% YoY and by 4.3% QoQ
Balance sheet

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