Independent Bank Corp. (INDB)

Market Cap	2.81B
Revenue (ttm)	655.49M
Net Income (ttm)	196.85M
Shares Out	42.49M
EPS (ttm)	4.60
PE Ratio	14.35
Forward PE	13.37
Dividend	$2.28 (3.45%)
Ex-Dividend Date	Sep 30, 2024

Volume	465,929
Open	64.78
Previous Close	65.50
Day's Range	64.78 - 66.92
52-Week Range	45.11 - 77.23
Beta	0.78
Analysts	Strong Buy
Price Target	73.67 (+11.59%)
Earnings Date	Jan 16, 2025

About INDB

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...

• Industry: Banks - Regional
• Sector: Financials
• Founded: 1907
• Employees: 1,787
• Stock Exchange: NASDAQ
• Ticker Symbol: INDB
• Website: https://www.rocklandtrust.com

Financial Performance

In 2023, Independent Bank's revenue was $707.57 million, a decrease of -1.50% compared to the previous year's $718.36 million. Earnings were $239.50 million, a decrease of -9.22%.

Analyst Forecast

According to 3 analysts, the average rating for INDB stock is "Strong Buy." The 12-month stock price forecast is $73.67, which is an increase of 11.59% from the latest price.

Price Target

$73.67

(11.59% upside)

Analyst Consensus: Strong Buy