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Independent Bank NasdaqGS:INDB Stock Report

Last Price

US$71.77

Market Cap

US$3.0b

7D

-0.9%

1Y

16.5%

Updated

08 Dec, 2024

Data

Company Financials +

Independent Bank Corp.

NasdaqGS:INDB Stock Report

Market Cap: US$3.0b

INDB Stock Overview

Operates as the bank holding company for Rockland Trust Company that provides commercial banking products and services to individuals and small-to-medium sized businesses in the United States. More details

INDB fundamental analysis
Snowflake Score
Valuation3/6
Future Growth1/6
Past Performance2/6
Financial Health6/6
Dividends5/6

Community Narratives

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Independent Bank Corp. Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Independent Bank
Historical stock prices
Current Share PriceUS$71.77
52 Week HighUS$77.23
52 Week LowUS$45.11
Beta0.78
11 Month Change-0.44%
3 Month Change20.00%
1 Year Change16.51%
33 Year Change-12.28%
5 Year Change-15.09%
Change since IPO412.64%

Recent News & Updates

Independent Bank: Time For A Downgrade After A Monumental Rally

Sep 15

Recent updates

Independent Bank: Time For A Downgrade After A Monumental Rally

Sep 15

Independent Bank: Just Worth Considering

May 31

Independent Bank (NASDAQ:INDB) Is Increasing Its Dividend To $0.57

Mar 25
Independent Bank (NASDAQ:INDB) Is Increasing Its Dividend To $0.57

Independent Bank: High LTD Ratio Limits Growth Prospects

Jan 21

Independent Bank's (NASDAQ:INDB) Dividend Will Be $0.55

Dec 18
Independent Bank's (NASDAQ:INDB) Dividend Will Be $0.55

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

Mar 20
Independent Bank (NASDAQ:INDB) Is Paying Out A Larger Dividend Than Last Year

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

Dec 13
Independent Bank (NASDAQ:INDB) Has Announced That It Will Be Increasing Its Dividend To $0.55

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

Shareholder Returns

INDBUS BanksUS Market
7D-0.9%-1.4%1.0%
1Y16.5%46.8%32.4%

Return vs Industry: INDB underperformed the US Banks industry which returned 46.8% over the past year.

Return vs Market: INDB underperformed the US Market which returned 32.4% over the past year.

Price Volatility

Is INDB's price volatile compared to industry and market?
INDB volatility
INDB Average Weekly Movement5.8%
Banks Industry Average Movement5.1%
Market Average Movement6.3%
10% most volatile stocks in US Market16.5%
10% least volatile stocks in US Market3.1%

Stable Share Price: INDB has not had significant price volatility in the past 3 months compared to the US market.

Volatility Over Time: INDB's weekly volatility (6%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
19071,787Jeff Tengelwww.rocklandtrust.com

Independent Bank Corp. operates as the bank holding company for Rockland Trust Company that provides commercial banking products and services to individuals and small-to-medium sized businesses in the United States. The company provides interest checking, money market, and savings accounts, as well as demand deposits and time certificates of deposit. It offers commercial real estate and construction, commercial and industrial, small business, secured and unsecured commercial, and consumer real estate loans; term loans and revolving/nonrevolving lines of credit; overdraft protection and letters of credit; and residential mortgages and home equity loans and lines.

Independent Bank Corp. Fundamentals Summary

How do Independent Bank's earnings and revenue compare to its market cap?
INDB fundamental statistics
Market capUS$3.05b
Earnings (TTM)US$196.85m
Revenue (TTM)US$655.49m

15.5x

P/E Ratio

1.0x

P/B Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
INDB income statement (TTM)
RevenueUS$655.49m
Cost of RevenueUS$0
Gross ProfitUS$655.49m
Other ExpensesUS$458.64m
EarningsUS$196.85m

Last Reported Earnings

Sep 30, 2024

Next Earnings Date

n/a

Earnings per share (EPS)4.63
Gross Margin100.00%
Net Profit Margin30.03%
Debt/Equity Ratio25.0%

How did INDB perform over the long term?

See historical performance and comparison

Dividends

3.2%

Current Dividend Yield

49%

Payout Ratio