Independent Bank Future Growth

Future criteria checks 0/6

Independent Bank's earnings are forecast to decline at 8.2% per annum while its annual revenue is expected to grow at 0.8% per year. EPS is expected to decline by 6.3% per annum. Return on equity is forecast to be 7.3% in 3 years.

Key information

-8.2%

Earnings growth rate

-6.3%

EPS growth rate

Banks earnings growth	-0.4%
Revenue growth rate	0.8%
Future return on equity	7.3%
Analyst coverage	Low
Last updated	23 Oct 2023

Recent future growth updates

Recent updates

Independent Bank (NASDAQ:INDB) Is Paying Out A Larger Dividend Than Last Year

Mar 20

Independent Bank (NASDAQ:INDB) Has Announced That It Will Be Increasing Its Dividend To $0.55

Dec 13

Independent Bank Non-GAAP EPS of $1.57 beats by $0.15, revenue of $190.8M beats by $5.27M

Oct 20

Independent Bank: Lagged Benefit Of Rising Rates To Lift Earnings

Oct 05

Independent Bank declares $0.51 dividend

Sep 15

Independent Bank Non-GAAP EPS of $1.32 beats by $0.06, revenue of $172.76M beats by $3.83M

Jul 21

Independent Bank Corp.: Higher Average Loan Balance To Drive Earnings

Feb 06

Here's Why I Think Independent Bank (NASDAQ:INDB) Might Deserve Your Attention Today

Oct 25

Should Independent Bank Corp. (NASDAQ:INDB) Be Part Of Your Dividend Portfolio?

Mar 04

Don't Ignore The Fact That This Insider Just Sold Some Shares In Independent Bank Corp. (NASDAQ:INDB)

Feb 06

Independent Bank (NASDAQ:INDB) Has Gifted Shareholders With A Fantastic 106% Total Return On Their Investment

Feb 05

Does Independent Bank Corp. (NASDAQ:INDB) Have A Place In Your Dividend Portfolio?

Nov 23

Earnings and Revenue Growth Forecasts

NasdaqGS:INDB - Analysts future estimates and past financials data (USD Millions)
Date	Revenue	Earnings	Free Cash Flow	Cash from Op	Avg. No. Analysts
12/31/2025	747	218	N/A	N/A	1
12/31/2024	710	204	N/A	N/A	1
12/31/2023	731	239	N/A	N/A	1
9/30/2023	728	262	325	339	N/A
6/30/2023	738	273	378	391	N/A
3/31/2023	733	272	379	397	N/A
12/31/2022	718	264	399	421	N/A
9/30/2022	642	188	312	339	N/A
6/30/2022	581	157	211	245	N/A
3/31/2022	531	132	167	198	N/A
12/31/2021	489	121	165	190	N/A
9/30/2021	493	154	190	211	N/A
6/30/2021	479	149	181	196	N/A
3/31/2021	455	136	129	143	N/A
12/31/2020	425	121	52	65	N/A
9/30/2020	432	134	77	90	N/A
6/30/2020	455	151	203	218	N/A
3/31/2020	489	157	157	172	N/A
12/31/2019	501	165	200	217	N/A
9/30/2019	473	148	161	175	N/A
6/30/2019	435	129	47	59	N/A
3/31/2019	396	129	130	142	N/A
12/31/2018	381	122	131	142	N/A
9/30/2018	368	114	132	146	N/A
6/30/2018	357	105	133	149	N/A
3/31/2018	348	94	105	127	N/A
12/31/2017	339	87	106	131	N/A
9/30/2017	327	82	119	142	N/A
6/30/2017	316	79	N/A	128	N/A
3/31/2017	309	79	N/A	129	N/A
12/31/2016	304	77	N/A	93	N/A
9/30/2016	301	79	N/A	67	N/A
6/30/2016	298	77	N/A	66	N/A
3/31/2016	293	74	N/A	84	N/A
12/31/2015	288	65	N/A	90	N/A
9/30/2015	280	61	N/A	85	N/A
6/30/2015	272	59	N/A	98	N/A
3/31/2015	263	56	N/A	83	N/A
12/31/2014	256	60	N/A	90	N/A
9/30/2014	250	54	N/A	92	N/A
6/30/2014	245	53	N/A	99	N/A
3/31/2014	241	51	N/A	130	N/A
12/31/2013	240	50	N/A	141	N/A
9/30/2013	237	50	N/A	132	N/A
6/30/2013	232	47	N/A	87	N/A
3/31/2013	222	43	N/A	61	N/A
12/31/2012	217	43	N/A	44	N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: INDB's earnings are forecast to decline over the next 3 years (-8.2% per year).

Earnings vs Market: INDB's earnings are forecast to decline over the next 3 years (-8.2% per year).

High Growth Earnings: INDB's earnings are forecast to decline over the next 3 years.

Revenue vs Market: INDB's revenue (0.8% per year) is forecast to grow slower than the US market (8.1% per year).

High Growth Revenue: INDB's revenue (0.8% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: INDB's Return on Equity is forecast to be low in 3 years time (7.3%).

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Independent Bank Future Growth

Future criteria checks 0/6

Key information

Recent future growth updates

Price target decreased by 8.8% to US$69.00

Consensus EPS estimates fall by 12%

Price target decreased by 7.7% to US$75.67

Price target decreased by 7.9% to US$82.00

Price target decreased by 7.6% to US$89.00

Consensus forecasts updated

Recent updates

Now 20% undervalued after recent price drop

Third quarter 2023 earnings: EPS and revenues exceed analyst expectations

Independent Bank Corp. (NasdaqGS:INDB) announces an Equity Buyback for $100 million worth of its shares.

Independent Bank Corp. Announces Quarterly Dividend, Payable on October 6, 2023

Independent Bank Corp. Announces Cessation of Barry Jensen as Chief Technology and Operations Officer

Second quarter 2023 earnings: EPS exceeds analyst expectations

Price target decreased by 8.8% to US$69.00

Independent Bank Corp. Announces Quarterly Dividend, Payable on July 7, 2023

Investor sentiment improves as stock rises 21%

Independent Bank Corp., Annual General Meeting, May 18, 2023

Independent Bank Corp., Annual General Meeting, May 18, 2023

Independent Director recently sold US$73k worth of stock

Consensus EPS estimates fall by 12%

Price target decreased by 7.7% to US$75.67

First quarter 2023 earnings: EPS and revenues miss analyst expectations

Price target decreased by 7.9% to US$82.00

Independent Bank (NASDAQ:INDB) Is Paying Out A Larger Dividend Than Last Year

Now 21% undervalued after recent price drop

CEO, President & Director recently sold US$93k worth of stock

Price target decreased by 7.6% to US$89.00

Now 20% undervalued after recent price drop

Full year 2022 earnings: Revenues and EPS in line with analyst expectations

Independent Bank Corp. Appoints Jeffrey J. Tengel as Chief Executive Officer, Effective on or About February 6, 2023

Now 20% undervalued

Upcoming dividend of US$0.55 per share

Independent Bank (NASDAQ:INDB) Has Announced That It Will Be Increasing Its Dividend To $0.55

Independent Bank Corp. Declares Cash Dividend, Payable on January 6, 2023

Now 20% undervalued

Now 21% undervalued

Third quarter 2022 earnings: EPS and revenues exceed analyst expectations

Independent Bank Non-GAAP EPS of $1.57 beats by $0.15, revenue of $190.8M beats by $5.27M

Independent Bank: Lagged Benefit Of Rising Rates To Lift Earnings

Independent Bank Corp. Announces Quarterly Dividend, Payable on October 7, 2022

Independent Bank declares $0.51 dividend

Independent Director recently sold US$75k worth of stock

Independent Chairperson of the Board recently sold US$62k worth of stock

Second quarter 2022 earnings: EPS and revenues exceed analyst expectations

Independent Bank Corp. Reports Net Charge-Offs for the Second Quarter Ended June 30, 2022

Independent Bank Non-GAAP EPS of $1.32 beats by $0.06, revenue of $172.76M beats by $3.83M

Independent Bank Corp. Announces Quarterly Dividend, Payable on July 8, 2022

CEO, President & Director recently sold US$243k worth of stock

Independent Bank Corp. Announces Retirement of Frederick Taw from Its Board of Directors

Independent Bank Corp., Annual General Meeting, May 19, 2022

First quarter 2022 earnings: EPS and revenues miss analyst expectations

First quarter 2022 earnings: EPS and revenues miss analyst expectations

Director recently sold US$127k worth of stock

CEO, President & Director recently sold US$85k worth of stock

Independent Director recently sold US$77k worth of stock

Independent Bank Corp.: Higher Average Loan Balance To Drive Earnings

Full year 2021 earnings: EPS in line with analyst expectations despite revenue beat

Independent Bank Corp. (NasdaqGS:INDB) announces an Equity Buyback for $140 million worth of its shares.

Now 21% undervalued

Now 21% undervalued

Upcoming dividend of US$0.48 per share

Key Executive recently sold US$86k worth of stock

Executive VP recently sold US$737k worth of stock

Here's Why I Think Independent Bank (NASDAQ:INDB) Might Deserve Your Attention Today

Third quarter 2021 earnings released: EPS US$1.21 (vs US$1.06 in 3Q 2020)

Independent Chairperson of the Board recently sold US$59k worth of stock

Independent Director recently sold US$107k worth of stock

Independent Director recently sold US$193k worth of stock

Consensus forecasts updated

Independent Bank Corp. Reports Net Charge Offs for the Second Quarter of 2021

Second quarter 2021 earnings released: EPS US$1.14 (vs US$0.76 in 2Q 2020)

Consensus forecasts updated

Consensus forecasts updated

Independent Bank Corp.(NasdaqGS:INDB) dropped from Russell 2000 Growth Index

Price target increased to US$94.60

Director recently sold US$116k worth of stock