Independent Bank Corp.

NasdaqGS:INDB Stock Report

Market Cap: US$2.7b

Independent Bank Past Earnings Performance

Past criteria checks 2/6

Independent Bank has been growing earnings at an average annual rate of 13.1%, while the Banks industry saw earnings growing at 7.2% annually. Revenues have been growing at an average rate of 11.1% per year. Independent Bank's return on equity is 6.6%, and it has net margins of 30%.

Key information

13.1%

Earnings growth rate

4.8%

EPS growth rate

Banks Industry Growth11.2%
Revenue growth rate11.1%
Return on equity6.6%
Net Margin30.0%
Last Earnings Update30 Sep 2024

Recent past performance 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

Revenue & Expenses Breakdown

How Independent Bank makes and spends money. Based on latest reported earnings, on an LTM basis.


Earnings and Revenue History

NasdaqGS:INDB Revenue, expenses and earnings (USD Millions)
DateRevenueEarningsG+A ExpensesR&D Expenses
30 Sep 246551973150
30 Jun 246782153110
31 Mar 246902263070
31 Dec 237082403050
30 Sep 237282623020
30 Jun 237382733020
31 Mar 237332722940
31 Dec 227182642850
30 Sep 226421882750
30 Jun 225811572590
31 Mar 225311322460
31 Dec 214891212330
30 Sep 214931542240
30 Jun 214791492230
31 Mar 214551362180
31 Dec 204251212100
30 Sep 204321342120
30 Jun 204551512110
31 Mar 204891572130
31 Dec 195011652060
30 Sep 194731481960
30 Jun 194351291850
31 Mar 193961291730
31 Dec 183811221710
30 Sep 183681141660
30 Jun 183571051660
31 Mar 18348941630
31 Dec 17339871600
30 Sep 17327821560
30 Jun 17316791530
31 Mar 17309791500
31 Dec 16304771490
30 Sep 16301791460
30 Jun 16298771430
31 Mar 16293741420
31 Dec 15288651440
30 Sep 15280611380
30 Jun 15272591360
31 Mar 15263561300
31 Dec 14256601280
30 Sep 14250541260
30 Jun 14245531220
31 Mar 14241511220
31 Dec 13240501220

Quality Earnings: INDB has high quality earnings.

Growing Profit Margin: INDB's current net profit margins (30%) are lower than last year (35.9%).


Free Cash Flow vs Earnings Analysis


Past Earnings Growth Analysis

Earnings Trend: INDB's earnings have grown by 13.1% per year over the past 5 years.

Accelerating Growth: INDB's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: INDB had negative earnings growth (-24.8%) over the past year, making it difficult to compare to the Banks industry average (-13.1%).


Return on Equity

High ROE: INDB's Return on Equity (6.6%) is considered low.


Return on Assets


Return on Capital Employed


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