INDB Independent Bank Corp
Price (delayed)
$67.9
Market cap
$2.89B
P/E Ratio
14.76
Dividend/share
$2.28
EPS
$4.6
Enterprise value
$3.12B
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 31% more than its last 4 quarters average of 11.3 but 4.2% 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
Valuations
Earnings
Shares outstanding
42.49M
Market cap
$2.89B
Enterprise value
$3.12B
Price to earnings (P/E)
14.76
Price to book (P/B)
0.97
Price to sales (P/S)
4.4
EV/EBIT
12.25
EV/EBITDA
10.59
EV/Sales
4.76
Revenue
$655.8M
Gross profit
$655.8M
Operating income
$255.11M
Net income
$196.85M
EBIT
$255.11M
EBITDA
$295.14M
Free cash flow
$220.22M
Per share
Balance sheet
Liquidity
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
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
3.36%
DPS
$2.28
Payout ratio
49.6%
INDB stock price
How has the Independent Bank stock price performed over time
Intraday
-2.32%
1 week
-0.92%
1 month
-0.44%
1 year
28.16%
YTD
5.78%
QTD
5.78%
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
14.76
P/B
0.97
P/S
4.4
EV/EBIT
12.25
EV/EBITDA
10.59
EV/Sales
4.76
The stock's price to earnings (P/E) is 31% more than its last 4 quarters average of 11.3 but 4.2% less than its 5-year quarterly average of 15.4
The EPS has contracted by 21% YoY and by 7% from the previous quarter
The stock's price to book (P/B) is 21% more than its last 4 quarters average of 0.8 but 12% less than its 5-year quarterly average of 1.1
INDB's equity is up by 3.2% YoY
INDB's price to sales (P/S) is 22% higher than its last 4 quarters average of 3.6 but 6% 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
3.36%
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
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.