INDB Independent Bank Corp

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

Price (delayed)

$49.44

Market cap

$2.18B

P/E Ratio

8.2

Dividend/share

$2.16

EPS

$6.03

Enterprise value

$2.78B

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 net income has soared by 74% year-on-year
The EPS has soared by 72% YoY
Sector: Financial Services
Industry: Banks - Regional
Website: http://www.rocklandtrust.com
Peers: WASH BHB EBTC WBS

Key stats

What are the main financial stats of INDB
Market
Shares outstanding
44.14M
Market cap
$2.18B
Enterprise value
$2.78B
Valuations
Price to earnings (P/E)
8.2
Price to book (P/B)
0.76
Price to sales (P/S)
2.94
EV/EBIT
7.72
EV/EBITDA
7
EV/Sales
3.74
Earnings
Revenue
$741.25M
EBIT
$359.43M
EBITDA
$396.66M
Free cash flow
$381.82M
Per share
EPS
$6.03
Free cash flow per share
$8.65
Book value per share
$64.7
Revenue per share
$16.8
TBVPS
$416.83
Balance sheet
Total assets
$19.4B
Total liabilities
$16.55B
Debt
$901.27M
Equity
$2.85B
Working capital
N/A
Liquidity
Debt to equity
0.32
Current ratio
N/A
Quick ratio
N/A
Net debt/EBITDA
1.5
Margins
EBITDA margin
53.5%
Gross margin
100%
Net margin
36.8%
Operating margin
48.5%
Efficiency
Return on assets
1.4%
Return on equity
9.6%
Return on invested capital
1.9%
Return on capital employed
N/A
Return on sales
48.5%
Dividend
Dividend yield
4.37%
DPS
$2.16
Payout ratio
35.8%

INDB stock price

How has the Independent Bank stock price performed over time
Intraday
1.12%
1 week
2.59%
1 month
-8.04%
1 year
-34.78%
YTD
-41.44%
QTD
11.08%

Financial performance

How have Independent Bank's revenue and profit performed over time
Revenue
$741.25M
Gross profit
$741.25M
Operating income
$359.43M
Net income
$272.83M
Gross margin
100%
Net margin
36.8%
Independent Bank's operating income has surged by 75% YoY
INDB's net income has soared by 74% year-on-year
INDB's net margin is up by 37% YoY
The operating margin has grown by 37% YoY

Growth

What is Independent Bank's growth rate over time

Valuation

What is Independent Bank stock price valuation
INDB P/E details
P/E
8.2
P/B
0.76
P/S
2.94
EV/EBIT
7.72
EV/EBITDA
7
EV/Sales
3.74
The EPS has soared by 72% YoY
The stock's price to earnings (P/E) is 53% less than its 5-year quarterly average of 17.1 and 38% less than its last 4 quarters average of 13.1
The stock's price to book (P/B) is 46% less than its 5-year quarterly average of 1.4 and 31% less than its last 4 quarters average of 1.1
INDB's price to sales (P/S) is 45% lower than its 5-year quarterly average of 5.3 and 34% lower than its last 4 quarters average of 4.4
Independent Bank's revenue has increased by 28% YoY

Efficiency

How efficient is Independent Bank business performance
The return on assets has surged by 75% year-on-year
Independent Bank's ROE has soared by 63% YoY
INDB's return on invested capital is up by 46% year-on-year but it is down by 5% since the previous quarter
The ROS has grown by 37% YoY

Dividends

What is INDB's dividend history
Dividend details
DPS
$2.16
Dividend yield
4.37%
Payout ratio
35.8%
Recent dividends

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 contracted by 3.3% YoY
INDB's total assets is down by 2.9% year-on-year
INDB's debt is 68% lower than its equity
Independent Bank's debt to equity has decreased by 9% from the previous quarter
INDB's debt is down by 9% QoQ

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