Price (delayed)
$59.97
Market cap
$2.55B
P/E Ratio
12.07
Dividend/share
$2.24
EPS
$4.97
Enterprise value
$2.93B
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 32% QoQ and by 23% YoY
INDB's equity is up by 2.3% YoY
The stock's price to earnings (P/E) is 23% less than its 5-year quarterly average of 15.6 but 18% more than its last 4 quarters average of 10.2
INDB's net income is down by 21% year-on-year and by 5% since the previous quarter
The EPS has contracted by 18% YoY and by 4.1% from the previous quarter
Key stats
What are the main financial stats of INDB
Market
Valuations
Earnings
Shares outstanding
42.48M
Market cap
$2.55B
Enterprise value
$2.93B
Price to earnings (P/E)
12.07
Price to book (P/B)
0.87
Price to sales (P/S)
3.76
EV/EBIT
10.46
EV/EBITDA
9.18
EV/Sales
4.32
Revenue
$677.98M
EBIT
$279.94M
EBITDA
$318.85M
Free cash flow
$234.26M
Per share
Balance sheet
Liquidity
EPS
$4.97
Free cash flow per share
$5.52
Book value per share
$68.74
Revenue per share
$15.96
TBVPS
$433.52
Total assets
$19.41B
Total liabilities
$16.49B
Debt
$693.39M
Equity
$2.92B
Working capital
N/A
Debt to equity
0.24
Current ratio
N/A
Quick ratio
N/A
Net debt/EBITDA
1.19
Margins
Efficiency
Dividend
EBITDA margin
47%
Gross margin
100%
Net margin
31.7%
Operating margin
41.3%
Return on assets
1.1%
Return on equity
7.4%
Return on invested capital
1.5%
Return on capital employed
N/A
Return on sales
41.3%
Dividend yield
3.74%
DPS
$2.24
Payout ratio
45.1%
INDB stock price
How has the Independent Bank stock price performed over time
Intraday
-1.67%
1 week
-5.28%
1 month
2.97%
1 year
11.28%
YTD
-8.87%
QTD
18.24%
Financial performance
How have Independent Bank's revenue and profit performed over time
Revenue
$677.98M
Gross profit
$677.98M
Operating income
$279.94M
Net income
$214.71M
Gross margin
100%
Net margin
31.7%
Independent Bank's operating income has decreased by 22% YoY and by 6% QoQ
INDB's net income is down by 21% year-on-year and by 5% since the previous quarter
The operating margin has contracted by 15% YoY and by 3.7% from the previous quarter
INDB's net margin is down by 14% YoY and by 3.1% QoQ
Growth
What is Independent Bank's growth rate over time
Valuation
What is Independent Bank stock price valuation
P/E
12.07
P/B
0.87
P/S
3.76
EV/EBIT
10.46
EV/EBITDA
9.18
EV/Sales
4.32
The stock's price to earnings (P/E) is 23% less than its 5-year quarterly average of 15.6 but 18% more than its last 4 quarters average of 10.2
The EPS has contracted by 18% YoY and by 4.1% from the previous quarter
The stock's price to book (P/B) is 28% less than its 5-year quarterly average of 1.2 but 9% more than its last 4 quarters average of 0.8
INDB's equity is up by 2.3% YoY
INDB's price to sales (P/S) is 22% lower than its 5-year quarterly average of 4.8 but 11% higher than its last 4 quarters average of 3.4
Independent Bank's revenue has decreased by 9% YoY
Efficiency
How efficient is Independent Bank business performance
Independent Bank's ROE has decreased by 23% YoY and by 5% from the previous quarter
The return on assets has declined by 21% year-on-year and by 8% since the previous quarter
INDB's return on invested capital is down by 21% year-on-year
The ROS has contracted by 15% YoY and by 3.7% from the previous quarter
Dividends
What is INDB's dividend history
DPS
$2.24
Dividend yield
3.74%
Payout ratio
45.1%
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 76% lower than its equity
Independent Bank's debt to equity has decreased by 33% from the previous quarter and by 25% YoY
INDB's debt is down by 32% QoQ and by 23% YoY
All financial data is based on trailing twelve months (TTM) periods - updated quarterly, unless otherwise
specified. Data from 
and Sharadar.