INDB Independent Bank Corp
Price (delayed)
$54.62
Market cap
$2.33B
P/E Ratio
12.08
Dividend/share
$2.3
EPS
$4.52
Enterprise value
$2.81B
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 equity is up by 3.4% YoY
INDB's debt is down by 42% YoY but it is up by 6% QoQ
The stock's price to earnings (P/E) is 22% less than its 5-year quarterly average of 15.4 but 2.4% more than its last 4 quarters average of 11.8
INDB's net income is down by 20% year-on-year and by 2.4% since the previous quarter
The EPS has contracted by 17% YoY
Key stats
What are the main financial stats of INDB
Market
Valuations
Earnings
Shares outstanding
42.61M
Market cap
$2.33B
Enterprise value
$2.81B
Price to earnings (P/E)
12.08
Price to book (P/B)
0.78
Price to sales (P/S)
3.55
EV/EBIT
11.36
EV/EBITDA
9.75
EV/Sales
4.3
Revenue
$653.49M
Gross profit
$653.49M
Operating income
$247.13M
Net income
$192.08M
EBIT
$247.13M
EBITDA
$288.02M
Free cash flow
$209.58M
Per share
Balance sheet
Liquidity
EPS
$4.52
EPS diluted
$4.52
Free cash flow per share
$4.93
Book value per share
$70.44
Revenue per share
$15.38
TBVPS
$432.39
Total assets
$19.37B
Total liabilities
$16.38B
Debt
$701.37M
Equity
$2.99B
Working capital
N/A
Debt to equity
0.23
Current ratio
N/A
Quick ratio
N/A
Net debt/EBITDA
1.67
Margins
Efficiency
Dividend
EBITDA margin
44.1%
Gross margin
100%
Net margin
29.4%
Operating margin
37.8%
Return on assets
1%
Return on equity
6.5%
Return on invested capital
1.3%
Return on capital employed
N/A
Return on sales
37.8%
Dividend yield
4.21%
DPS
$2.3
Payout ratio
50.9%
INDB stock price
How has the Independent Bank stock price performed over time
Intraday
-2.18%
1 week
0.57%
1 month
-13.4%
1 year
8.03%
YTD
-14.91%
QTD
-12.82%
Financial performance
How have Independent Bank's revenue and profit performed over time
Revenue
$653.49M
Gross profit
$653.49M
Operating income
$247.13M
Net income
$192.08M
Gross margin
100%
Net margin
29.4%
Independent Bank's operating income has decreased by 22% YoY and by 3.1% QoQ
INDB's net income is down by 20% year-on-year and by 2.4% since the previous quarter
The operating margin has contracted by 15% YoY and by 2.8% from the previous quarter
INDB's net margin is down by 13% YoY and by 2% QoQ
Growth
What is Independent Bank's growth rate over time
Valuation
What is Independent Bank stock price valuation
P/E
12.08
P/B
0.78
P/S
3.55
EV/EBIT
11.36
EV/EBITDA
9.75
EV/Sales
4.3
The stock's price to earnings (P/E) is 22% less than its 5-year quarterly average of 15.4 but 2.4% more than its last 4 quarters average of 11.8
The EPS has contracted by 17% YoY
The stock's price to book (P/B) is 29% less than its 5-year quarterly average of 1.1 and 2.5% less than its last 4 quarters average of 0.8
INDB's equity is up by 3.4% YoY
INDB's price to sales (P/S) is 24% lower than its 5-year quarterly average of 4.7
Independent Bank's revenue has decreased by 8% YoY
Efficiency
How efficient is Independent Bank business performance
INDB's return on invested capital is down by 24% year-on-year
Independent Bank's ROE has decreased by 23% YoY and by 3% from the previous quarter
The return on assets has declined by 17% year-on-year
The ROS has contracted by 15% YoY and by 2.8% from the previous quarter
Dividends
What is INDB's dividend history
DPS
$2.3
Dividend yield
4.21%
Payout ratio
50.9%
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 77% lower than its equity
Independent Bank's debt to equity has decreased by 45% YoY but it has increased by 4.5% from the previous quarter
INDB's debt is down by 42% YoY but it is up by 6% QoQ
All financial data is based on trailing twelve months (TTM) periods - updated quarterly, unless otherwise
specified. Data from 
and Sharadar.