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Price (delayed)
$71.77
Market cap
$3.05B
P/E Ratio
15.6
Dividend/share
$2.26
EPS
$4.6
Enterprise value
$3.29B
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 38% more than its last 4 quarters average of 11.3
INDB's net income is down by 25% year-on-year and by 8% since the previous quarter
Key stats
What are the main financial stats of INDB
Market
Valuations
Earnings
Shares outstanding
42.49M
Market cap
$3.05B
Enterprise value
$3.29B
Price to book (P/B)
1.02
Price to sales (P/S)
4.65
EV/EBIT
12.89
EV/EBITDA
11.14
EV/Sales
5.01
Revenue
$655.8M
EBIT
$255.11M
EBITDA
$295.14M
Free cash flow
$220.22M
Per share
Balance sheet
Liquidity
EPS
$4.6
Free cash flow per share
$5.18
Book value per share
$70.08
Revenue per share
$15.44
TBVPS
$433.35
Total assets
$19.41B
Total liabilities
$16.43B
Debt
$663.38M
Equity
$2.98B
Working capital
N/A
Debt to equity
0.22
Current ratio
N/A
Quick ratio
N/A
Net debt/EBITDA
0.81
Margins
Efficiency
Dividend
EBITDA margin
45%
Gross margin
100%
Net margin
30%
Operating margin
38.9%
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 yield
3.15%
DPS
$2.26
Payout ratio
49.1%
INDB stock price
How has the Independent Bank stock price performed over time
Intraday
0.48%
1 week
-0.86%
1 month
-1.59%
1 year
19.96%
YTD
9.06%
QTD
21.38%
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%
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
Valuation
What is Independent Bank stock price valuation
P/E
15.6
P/B
1.02
P/S
4.65
EV/EBIT
12.89
EV/EBITDA
11.14
EV/Sales
5.01
The stock's price to earnings (P/E) is 38% more than its last 4 quarters average of 11.3
The EPS has contracted by 21% YoY and by 7% from the previous quarter
The stock's price to book (P/B) is 28% more than its last 4 quarters average of 0.8 but 15% less than its 5-year quarterly average of 1.2
INDB's equity is up by 3.2% YoY
INDB's price to sales (P/S) is 29% higher than its last 4 quarters average of 3.6
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
$2.26
Dividend yield
3.15%
Payout ratio
49.1%
Recent dividends
Special dividends are included in TTM DPS and yield
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 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
All financial data is based on trailing twelve months (TTM) periods - updated quarterly, unless otherwise
specified. Data from 
and Sharadar.