Independent Bank Balance Sheet Health
Financial Health criteria checks 6/6
Independent Bank has total assets of $19.4B and total equity of $3.0B. Total deposits are $15.4B, and total loans are $14.2B. It earns a Net Interest Margin of 3.5%. It has sufficient allowance for bad loans, which are currently at 0.7% of total loans. Cash and short-term investments are $468.2M.
Key information
6.5x
Asset to equity ratio
3.5%
Net interest margin
| Total deposits | US$15.44b |
| Loan to deposit ratio | Appropriate |
| Bad loans | 0.7% |
| Allowance for bad loans | Sufficient |
| Current ratio | Low |
| Cash & equivalents | US$468.16m |
Recent financial health updates
No 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 25Financial Position Analysis
Debt to Equity History and Analysis
Balance Sheet
Financial Institutions Analysis
Asset Level: INDB's Assets to Equity ratio (6.5x) is low.
Allowance for Bad Loans: INDB has a sufficient allowance for bad loans (157%).
Low Risk Liabilities: 94% of INDB's liabilities are made up of primarily low risk sources of funding.
Loan Level: INDB has an appropriate level of Loans to Assets ratio (73%).
Low Risk Deposits: INDB's Loans to Deposits ratio (92%) is appropriate.
Level of Bad Loans: INDB has an appropriate level of bad loans (0.7%).