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
| Snowflake Score | |
|---|---|
| Valuation | 3/6 |
| Future Growth | 4/6 |
| Past Performance | 2/6 |
| Financial Health | 6/6 |
| Dividends | 5/6 |
Rewards
Risk Analysis
No risks detected for INDB from our risk checks.
My Notes
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Independent Bank Corp. Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | US$66.02 |
| 52 Week High | US$77.23 |
| 52 Week Low | US$45.11 |
| Beta | 0.78 |
| 1 Month Change | -10.76% |
| 3 Month Change | 8.94% |
| 1 Year Change | 0.091% |
| 3 Year Change | -17.30% |
| 5 Year Change | -21.20% |
| Change since IPO | 371.57% |
Recent News & Updates
Recent updates
Independent Bank: Time For A Downgrade After A Monumental Rally
Sep 15Independent Bank: Just Worth Considering
May 31Independent Bank (NASDAQ:INDB) Is Increasing Its Dividend To $0.57
Mar 25
Independent Bank: High LTD Ratio Limits Growth Prospects
Jan 21Independent Bank's (NASDAQ:INDB) Dividend Will Be $0.55
Dec 18Independent Bank (NASDAQ:INDB) Is Paying Out A Larger Dividend Than Last Year
Mar 20Independent Bank (NASDAQ:INDB) Has Announced That It Will Be Increasing Its Dividend To $0.55
Dec 13Independent Bank Non-GAAP EPS of $1.57 beats by $0.15, revenue of $190.8M beats by $5.27M
Oct 20Independent Bank: Lagged Benefit Of Rising Rates To Lift Earnings
Oct 05Independent Bank declares $0.51 dividend
Sep 15Independent Bank Non-GAAP EPS of $1.32 beats by $0.06, revenue of $172.76M beats by $3.83M
Jul 21Independent Bank Corp.: Higher Average Loan Balance To Drive Earnings
Feb 06Here's Why I Think Independent Bank (NASDAQ:INDB) Might Deserve Your Attention Today
Oct 25Shareholder Returns
| INDB | US Banks | US Market | |
|---|---|---|---|
| 7D | -6.8% | -3.4% | -2.4% |
| 1Y | 0.09% | 29.1% | 23.4% |
Return vs Industry: INDB underperformed the US Banks industry which returned 29.1% over the past year.
Return vs Market: INDB underperformed the US Market which returned 23.4% over the past year.
Price Volatility
| INDB volatility | |
|---|---|
| INDB Average Weekly Movement | 6.0% |
| Banks Industry Average Movement | 5.2% |
| Market Average Movement | 6.3% |
| 10% most volatile stocks in US Market | 16.8% |
| 10% least volatile stocks in US Market | 3.1% |
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
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 1907 | 1,787 | Jeff Tengel | www.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
| INDB fundamental statistics | |
|---|---|
| Market cap | US$2.81b |
| Earnings (TTM) | US$196.85m |
| Revenue (TTM) | US$655.49m |
14.3x
P/E Ratio0.9x
P/B RatioIs INDB overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| INDB income statement (TTM) | |
|---|---|
| Revenue | US$655.49m |
| Cost of Revenue | US$0 |
| Gross Profit | US$655.49m |
| Other Expenses | US$458.64m |
| Earnings | US$196.85m |
Last Reported Earnings
Sep 30, 2024
Next Earnings Date
n/a
| Earnings per share (EPS) | 4.63 |
| Gross Margin | 100.00% |
| Net Profit Margin | 30.03% |
| Debt/Equity Ratio | 25.0% |
How did INDB perform over the long term?
See historical performance and comparisonDividends
3.5%
Current Dividend Yield49%
Payout RatioDoes INDB pay a reliable dividends?
See INDB dividend history and benchmarks| Independent Bank dividend dates | |
|---|---|
| Ex Dividend Date | Dec 30 2024 |
| Dividend Pay Date | Jan 06 2025 |
| Days until Ex dividend | 8 days |
| Days until Dividend pay date | 15 days |
Does INDB pay a reliable dividends?
See INDB dividend history and benchmarksCompany Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/22 05:01 |
| End of Day Share Price | 2024/12/20 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
| |
| Ownership | 10 years |
| |
| Management | 10 years |
| |
| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Independent Bank Corp. is covered by 17 analysts. 3 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Bryce Rowe | Baird |
| David Bishop | D.A. Davidson & Co. |
| Barry Sine | Drexel Hamilton |