INDB Independent Bank Corp

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

Price (delayed)

$84.27

Market cap

$3.87B

P/E Ratio

24.01

Dividend/share

$1.98

EPS

$3.51

Enterprise value

$2.53B

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 21% YoY and by 9% QoQ
Independent Bank's revenue has increased by 21% YoY and by 9% QoQ
INDB's equity has soared by 65% YoY but it is down by 3.2% QoQ
The EPS has contracted by 22% YoY but it has grown by 5% from the previous quarter
The stock's price to earnings (P/E) is 27% more than its 5-year quarterly average of 18.9 and 10% more than its last 4 quarters average of 21.8
Sector: Financial Services
Industry: Banks - Regional
Website: http://www.rocklandtrust.com
Peers: WASH BHB EBTC UNB

Key stats

What are the main financial stats of INDB
Market
Shares outstanding
45.9M
Market cap
$3.87B
Enterprise value
$2.53B
Valuations
Price to earnings (P/E)
24.01
Price to book (P/B)
1.37
Price to sales (P/S)
6.77
EV/EBIT
12.32
EV/EBITDA
10.46
EV/Sales
4.35
Earnings
Revenue
$581.02M
EBIT
$205.41M
EBITDA
$241.84M
Free cash flow
$210.69M
Per share
EPS
$3.51
Free cash flow per share
$4.51
Book value per share
$61.38
Revenue per share
$12.45
TBVPS
$406.48
Balance sheet
Total assets
$19.98B
Total liabilities
$17.11B
Debt
$138.34M
Equity
$2.87B
Working capital
N/A
Liquidity
Debt to equity
0.05
Current ratio
N/A
Quick ratio
N/A
Net debt/EBITDA
-5.53
Margins
EBITDA margin
41.6%
Gross margin
100%
Net margin
26.9%
Operating margin
35.4%
Efficiency
Return on assets
0.8%
Return on equity
5.9%
Return on invested capital
1.3%
Return on capital employed
N/A
Return on sales
35.4%
Dividend
Dividend yield
2.35%
DPS
$1.98
Payout ratio
56.4%

INDB stock price

How has the Independent Bank stock price performed over time
Intraday
-0.08%
1 week
-0.13%
1 month
4.87%
1 year
14.34%
YTD
3.36%
QTD
6.09%

Financial performance

How have Independent Bank's revenue and profit performed over time
Revenue
$581.02M
Gross profit
$581.02M
Operating income
$205.41M
Net income
$156.58M
Gross margin
100%
Net margin
26.9%
The company's gross profit rose by 21% YoY and by 9% QoQ
Independent Bank's revenue has increased by 21% YoY and by 9% QoQ
Independent Bank's operating income has increased by 19% QoQ and by 4.5% YoY
INDB's net income is up by 18% since the previous quarter and by 5% year-on-year

Growth

What is Independent Bank's growth rate over time

Valuation

What is Independent Bank stock price valuation
P/E
24.01
P/B
1.37
P/S
6.77
EV/EBIT
12.32
EV/EBITDA
10.46
EV/Sales
4.35
The stock's price to earnings (P/E) is 27% more than its 5-year quarterly average of 18.9 and 10% more than its last 4 quarters average of 21.8
The EPS has contracted by 22% YoY but it has grown by 5% from the previous quarter
INDB's equity has soared by 65% YoY but it is down by 3.2% QoQ
The stock's price to book (P/B) is 14% less than its 5-year quarterly average of 1.6 but 14% more than its last 4 quarters average of 1.2
INDB's price to sales (P/S) is 21% higher than its 5-year quarterly average of 5.6 and 11% higher than its last 4 quarters average of 6.1
Independent Bank's revenue has increased by 21% YoY and by 9% QoQ

Efficiency

How efficient is Independent Bank business performance
Independent Bank's ROE has decreased by 32% YoY but it has increased by 5% from the previous quarter
The return on assets has declined by 27% year-on-year
INDB's return on invested capital is down by 24% year-on-year but it is up by 8% since the previous quarter
The ROS has contracted by 13% YoY but it has grown by 9% from the previous quarter

Dividends

What is INDB's dividend history
Dividend details
DPS
$1.98
Dividend yield
2.35%
Payout ratio
56.4%
Recent dividends

Financial health

How did Independent Bank financials performed over time
INDB's total assets is 17% greater than its total liabilities
INDB's total assets is up by 41% year-on-year
The total liabilities has grown by 37% YoY
INDB's debt is 95% lower than its equity
INDB's equity has soared by 65% YoY but it is down by 3.2% QoQ
Independent Bank's debt to equity has plunged by 50% YoY

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