INDB logo

Independent Bank (INDB)

Profile

Full Name

Independent Bank Corp.

Ticker Symbol

INDB

Exchange

NASDAQ

Sector

Financial Services

Industry

Banks - Regional

Country

United States

IPO

May 14, 1986

Indexes

Not included

Website

http://www.rocklandtrust.com

Employees

1837

Key Details

Price

$53.62(-1.32%)

Market cap

$2.28B(Mid cap)

Last Dividend

$0.59

TTM Dividend yield

4.29%

Annual revenue

$683.11M(-5.40% YoY)

Annual EPS

$4.52(-16.61% YoY)

PE ratio

11.86

Next earnings date

Apr 18, 2025

Next ex-dividend date

N/A

Next split date

N/A

Price

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Current Price

$53.62
INDB price is $53.62

30-Day Relative Volume

1.12
INDB 30-day relative volume is 1.12

Price Performance

Price Today change

-1.32%
INDB price is down -1.32% today

Price YTD change

-16.47%
INDB price is down -16.47% since January 1st

Price 1-year change

+11.22%
INDB price is up +11.22% year-on-year

Price 3-year change

-31.04%
INDB price is down -31.04% over the past 3 years

Price Range

Price All-time high

$99.85
INDB price is currently -46.30% below its historical high of $99.85

Price 3-year low

$43.28
INDB price is currently +23.89% above its 3-year low

Capitalization

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Market cap

Market cap

$2.28B
INDB market capitalization is $2.28 billion

Market cap 3-year change

-37.99%
INDB market capitalization is down -37.99% over the past 3 years

Market cap All-time high

$4.18B
INDB market capitalization is currently -45.34% below its historical high of $4.18 billion

Market cap sector rank

70.03%
INDB market capitalization is higher than 70.03% of companies in Financial Services sector

Shares Outstanding

Shares Outstanding 1-Year Change

+0.36%
INDB shares outstanding is up +0.36% year-on-year

Shares Outstanding 3-Year Change

-10.07%
INDB shares outstanding is down -10.07% over the past 3 years

Technical Indicators

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Beta

0.96
INDB beta is 0.96

200-day SMA

$63.16
INDB price is currently -15.11% below its 200-day simple moving average

50-day SMA

$64.50
INDB price is currently -16.86% below its 50-day simple moving average

RSI

30.30
INDB 14-day relative strength index is 30.30

Volume

1.12
INDB 30-day relative volume is 1.12

ATR

$3.11
INDB average true range is $3.11

10-day Historical Volatility

70.21%
INDB 10-day historical volatility is 70.21%

Dividend

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Events

Last Paid Dividend

$0.59
INDB last dividend was $0.59 per share, with an ex-dividend date of March 31, 2025

Next Dividend

-
INDB next dividend has not yet been announced

Dividend per share

Dividend per share

$2.26
INDB annual dividend per share is $2.26

Dividend per share Sector Rank

88.28%
INDB annual dividend per share is higher than 88.28% of companies in Financial Services sector

Dividend per share 1-Year Change

+2.73%
INDB annual dividend per share is up +2.73% year-on-year

Dividend per share 3-Year Change

+17.71%
INDB annual dividend per share is up +17.71% over the past 3 years

Dividend yield

Dividend yield

4.21%
INDB annual dividend yield is 4.21%

Dividend yield Sector Rank

43.13%
INDB annual dividend yield is higher than 43.13% of companies in Financial Services sector

Other

Payout ratio

50.08%
INDB annual payout ratio is 50.08%

Dividends paid

$96.20M
INDB annual dividends paid is $96.20 million

Free cash flow

$209.49M
INDB annual free cash flow is $209.49 million

Income Statement

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Revenue

Revenue

$683.11M
INDB annual revenue is $683.11 million

Revenue Analysts estimate

$805.21M
INDB annual revenue is currently -15.16% lower than the consensus analysts' forecast

Revenue 1-year change

-5.4%
INDB annual revenue is down -5.4% year-on-year

Revenue Sector rank

72.64%
INDB annual revenue is higher than 72.64% of companies in Financial Services sector

EPS

EPS

$4.52
INDB annual earnings per share is $4.52

EPS Analysts estimate

$5.40
INDB annual earnings per share is currently -16.30% lower than the consensus analysts' forecast

EPS 1-year change

-16.61%
INDB annual earnings per share is down -16.61% year-on-year

EPS Sector rank

80.47%
INDB annual earnings per share is higher than 80.47% of companies in Financial Services sector

Profit

Gross profit

-
INDB annual gross profit value is unknown

Gross margin

-
INDB annual gross profit margin value is unknown

Operating profit

-
INDB annual operating income value is unknown

Operating margin

-
INDB annual operating profit margin value is unknown

Net income

$192.08M
INDB annual net profit is $192.08 million

Net margin

28.12%
INDB annual net profit margin is 28.12%

Expenses

Total expenses

-
INDB annual total expenses value is unknown

Operating expenses

$248.55M
INDB annual total operating expenses is $248.55 million

Cost of goods sold

-
INDB annual cost of goods sold value is unknown

Selling, general & administrative expenses

$244.54M
INDB annual SGA is $244.54 million

Depreciation and amortization

$40.89M
INDB annual depreciation & amortization is $40.89 million

Interest expense

-
INDB annual interest expense value is unknown

Income tax

$55.05M
INDB annual income tax is $55.05 million

EBIT & EBITDA

EBIT

$538.15M
INDB annual earnings before interest & taxes is $538.15 million

EBITDA

$579.04M
INDB annual EBITDA is $579.04 million

Balance Sheet

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Assets

Total assets

$19.37B
INDB annual total assets is $19.37 billion

Non current assets

$18.82B
INDB annual long term assets is $18.82 billion

Current assets

$367.16M
INDB annual total current assets is $367.16 million

Cash and cash equivalents

$219.89M
INDB annual cash & cash equivalents is $219.89 million

Accounts receivable

-
INDB annual accounts receivable value is unknown

Inventory

-
INDB annual inventory value is unknown

Liabilities

Total liabilities

$16.38B
INDB annual total liabilities is $16.38 billion

Long term liabilities

$16.01B
INDB annual total long term liabilities is $16.01 billion

Current liabilities

-
INDB annual total current liabilities value is unknown

Accounts payable

-
INDB annual accounts payable value is unknown

Debt

Total debt

$701.37M
INDB annual total debt is $701.37 million

Total debt 1-year change

-42.43%
INDB annual total debt is down -42.43% year-on-year

Long term debt

$701.37M
INDB annual long term debt is $701.37 million

Short term debt

-
INDB annual short term debt value is unknown

Equity & Capital

Shareholders equity

$2.99B
INDB annual stockholders equity is $2.99 billion

Book value

$2.99B
INDB annual book value is $2.99 billion

Retained earnings

$1.17B
INDB annual retained earnings is $1.17 billion

Working capital

-
INDB annual working capital value is unknown

Cash Flow Statement

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Cashflow Activities

Cash from operations

$229.92M
INDB annual cash flow from operations is $229.92 million

Cash from operations 1-year change

-16.99%
INDB annual cash flow from operations is down -16.99% year-on-year

Cash from investing

-$33.01M
INDB annual cash flow from investing activities is -$33.01 million

Cash from investing 1-year change

+84.4%
INDB annual cash flow from investing activities is up +84.4% year-on-year

Cash from financing

-$201.35M
INDB annual cash flow from financing activities is -$201.35 million

Cash from financing 1-year change

-3.82%
INDB annual cash flow from financing activities is down -3.82% year-on-year

CAPEX

CAPEX

$20.43M
INDB annual capital expenditures is $20.43 million

CAPEX 1-year change

+28.98%
INDB annual capital expenditures is up +28.98% year-on-year

Free Cash Flow

Free cash flow

$209.49M
INDB annual free cash flow is $209.49 million

Free cash flow 1-year change

-19.78%
INDB annual free cash flow is down -19.78% year-on-year

Profitability Ratios

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Margins

Gross margin

-
INDB annual gross profit margin value is unknown

Operating margin

-
INDB annual operating profit margin value is unknown

Net margin

28.12%
INDB annual net profit margin is 28.12%

ROA & ROE

ROA

0.99%
INDB annual return on assets is 0.99%

ROE

6.52%
INDB annual return on equity is 6.52%

Valuation

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PE Ratio

PE ratio

11.86
INDB price to earnings ratio is 11.86

PE ratio Sector rank

48.25%
INDB price to earnings ratio is higher than 48.25% of companies in Financial Services sector

PB Ratio

PB ratio

0.76
INDB price to book ratio is 0.76

PB ratio Sector rank

26.7%
INDB price to book ratio is higher than 26.7% of companies in Financial Services sector

PS Ratio

PS ratio

3.34
INDB price to sales ratio is 3.34

PS ratio Sector rank

67.8%
INDB price to sales ratio is higher than 67.8% of companies in Financial Services sector

Enterprise value

Enterprise value

$2.77B
INDB enterprise value is $2.77 billion

Enterprise value Sector rank

70.05%
INDB enterprise value is higher than 70.05% of companies in Financial Services sector

EV/EBITDA

EV/EBITDA

4.78
INDB EV/EBITDA is 4.78

EV/EBITDA Sector rank

61.36%
INDB EV/EBITDA is higher than 61.36% of companies in Financial Services sector

Financial Health

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Liquidity

Current ratio

-
INDB annual current ratio value is unknown

Quick ratio

-
INDB annual quick ratio value is unknown

Leverage

Debt to equity

0.23
INDB annual debt to equity ratio is 0.23

Interest coverage ratio

-
INDB annual interest coverage ratio value is unknown

Risk & Stability

Piotroski F-Score

-
INDB piotroski f-score value is unknown

Altman Z-Score

-
INDB altman z-score value is unknown

Analyst ratings

Recent major analysts updates

Jan 21, 25 Raymond James
Strong Buy
Jan 21, 25 Keefe, Bruyette & Woods
Market Perform
Dec 12, 24 Keefe, Bruyette & Woods
Market Perform
Dec 4, 24 Keefe, Bruyette & Woods
Market Perform
Oct 21, 24 Raymond James
Strong Buy
Oct 21, 24 Keefe, Bruyette & Woods
Market Perform
Jul 22, 24 Seaport Global
Buy
Apr 22, 24 Keefe, Bruyette & Woods
Market Perform
Jan 22, 24 Keefe, Bruyette & Woods
Market Perform
Oct 23, 23 Seaport Global
Neutral

Institutional Ownership

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  • What is the ticker symbol for Independent Bank?
  • Does Independent Bank pay dividends?
  • What sector is Independent Bank in?
  • What industry is Independent Bank in?
  • What country is Independent Bank based in?
  • When did Independent Bank go public?
  • Is Independent Bank in the S&P 500?
  • Is Independent Bank in the NASDAQ 100?
  • Is Independent Bank in the Dow Jones?
  • When was Independent Bank's last earnings report?
  • When does Independent Bank report earnings?
  • Should I buy Independent Bank stock now?

What is the ticker symbol for Independent Bank?

The ticker symbol for Independent Bank is NASDAQ:INDB

Does Independent Bank pay dividends?

Yes, Independent Bank pays dividends. The last payment was $0.59, with an ex-dividend date on March 31, 2025

What sector is Independent Bank in?

Independent Bank is in the Financial Services sector

What industry is Independent Bank in?

Independent Bank is in the Banks - Regional industry

What country is Independent Bank based in?

Independent Bank is headquartered in United States

When did Independent Bank go public?

Independent Bank's initial public offering (IPO) was on May 14, 1986

Is Independent Bank in the S&P 500?

No, Independent Bank is not included in the S&P 500 index

Is Independent Bank in the NASDAQ 100?

No, Independent Bank is not included in the NASDAQ 100 index

Is Independent Bank in the Dow Jones?

No, Independent Bank is not included in the Dow Jones index

When was Independent Bank's last earnings report?

Independent Bank's most recent earnings report was on Jan 17, 2025

When does Independent Bank report earnings?

The next expected earnings date for Independent Bank is Apr 18, 2025

Should I buy Independent Bank stock now?

As of today, analysts generally recommend a 'Buy' rating. However, it's important to do your own research and consider your financial situation before making any investment decisions
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