Independent Bank Corp.

NasdaqGS:INDB Stock Report

Market Cap: US$2.8b

Independent Bank Future Growth

Future criteria checks 4/6

Independent Bank is forecast to grow earnings and revenue by 26% and 19.6% per annum respectively. EPS is expected to grow by 17.7% per annum. Return on equity is forecast to be 8.3% in 3 years.

Key information

26.0%

Earnings growth rate

17.7%

EPS growth rate

Banks earnings growth10.7%
Revenue growth rate19.6%
Future return on equity8.3%
Analyst coverage

Low

Last updated16 Dec 2024

Recent future growth updates

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

Earnings and Revenue Growth Forecasts

NasdaqGS:INDB - Analysts future estimates and past financials data (USD Millions)
DateRevenueEarningsFree Cash FlowCash from OpAvg. No. Analysts
12/31/20261,026357N/AN/A1
12/31/2025781171N/AN/A1
12/31/2024690191N/AN/A2
9/30/2024655197220241N/A
6/30/2024678215234252N/A
3/31/2024690226261277N/A
12/31/2023708240261277N/A
9/30/2023728262325339N/A
6/30/2023738273378391N/A
3/31/2023733272379397N/A
12/31/2022718264399421N/A
9/30/2022642188312339N/A
6/30/2022581157211245N/A
3/31/2022531132167198N/A
12/31/2021489121165190N/A
9/30/2021493154190211N/A
6/30/2021479149181196N/A
3/31/2021455136129143N/A
12/31/20204251215265N/A
9/30/20204321347790N/A
6/30/2020455151203218N/A
3/31/2020489157157172N/A
12/31/2019501165200217N/A
9/30/2019473148161175N/A
6/30/20194351294759N/A
3/31/2019396129130142N/A
12/31/2018381122131142N/A
9/30/2018368114132146N/A
6/30/2018357105N/A149N/A
3/31/201834894N/A127N/A
12/31/201733987N/A131N/A
9/30/201732782N/A142N/A
6/30/201731679N/A128N/A
3/31/201730979N/A129N/A
12/31/201630477N/A93N/A
9/30/201630179N/A67N/A
6/30/201629877N/A66N/A
3/31/201629374N/A84N/A
12/31/201528865N/A90N/A
9/30/201528061N/A85N/A
6/30/201527259N/A98N/A
3/31/201526356N/A83N/A
12/31/201425660N/A90N/A
9/30/201425054N/A92N/A
6/30/201424553N/A99N/A
3/31/201424151N/A130N/A
12/31/201324050N/A141N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: INDB's forecast earnings growth (26% per year) is above the savings rate (2.6%).

Earnings vs Market: INDB's earnings (26% per year) are forecast to grow faster than the US market (15.2% per year).

High Growth Earnings: INDB's earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: INDB's revenue (19.6% per year) is forecast to grow faster than the US market (9.1% per year).

High Growth Revenue: INDB's revenue (19.6% 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 (8.3%).

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/22 13:02
End of Day Share Price 2024/12/20 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

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.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* 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

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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.

AnalystInstitution
Bryce RoweBaird
David BishopD.A. Davidson & Co.
Barry SineDrexel Hamilton