Independent Bank Corp. (INDB)
NASDAQ: INDB · Real-Time Price · USD
58.27
+0.23 (0.40%)
Apr 28, 2025, 4:00 PM EDT - Market closed

Independent Bank Statistics

Total Valuation

INDB has a market cap or net worth of $2.48 billion. The enterprise value is $2.62 billion.

Market Cap 2.48B
Enterprise Value 2.62B

Important Dates

The last earnings date was Thursday, April 17, 2025, after market close.

Earnings Date Apr 17, 2025
Ex-Dividend Date Mar 31, 2025

Share Statistics

INDB has 42.61 million shares outstanding. The number of shares has decreased by -2.45% in one year.

Current Share Class 42.61M
Shares Outstanding 42.61M
Shares Change (YoY) -2.45%
Shares Change (QoQ) +0.14%
Owned by Insiders (%) 0.91%
Owned by Institutions (%) 84.58%
Float 42.11M

Valuation Ratios

The trailing PE ratio is 13.10 and the forward PE ratio is 9.94.

PE Ratio 13.10
Forward PE 9.94
PS Ratio 3.78
Forward PS 2.83
PB Ratio 0.82
P/TBV Ratio 1.22
P/FCF Ratio n/a
P/OCF Ratio n/a
PEG Ratio n/a
Financial Ratio History

Enterprise Valuation

EV / Earnings 13.89
EV / Sales 4.01
EV / EBITDA n/a
EV / EBIT n/a
EV / FCF n/a

Financial Position

Current Ratio n/a
Quick Ratio n/a
Debt / Equity n/a
Debt / EBITDA n/a
Debt / FCF n/a
Interest Coverage n/a

Financial Efficiency

Return on equity (ROE) is 6.38%.

Return on Equity (ROE) 6.38%
Return on Assets (ROA) 0.96%
Return on Invested Capital (ROIC) n/a
Return on Capital Employed (ROCE) n/a
Revenue Per Employee $356,100
Profits Per Employee $102,741
Employee Count 1,837
Asset Turnover n/a
Inventory Turnover n/a

Taxes

In the past 12 months, INDB has paid $53.06 million in taxes.

Income Tax 53.06M
Effective Tax Rate 21.95%

Stock Price Statistics

The stock price has increased by +10.51% in the last 52 weeks. The beta is 0.86, so INDB's price volatility has been lower than the market average.

Beta (5Y) 0.86
52-Week Price Change +10.51%
50-Day Moving Average 62.03
200-Day Moving Average 63.55
Relative Strength Index (RSI) 48.27
Average Volume (20 Days) 376,612

Short Selling Information

The latest short interest is 1.62 million, so 3.80% of the outstanding shares have been sold short.

Short Interest 1.62M
Short Previous Month 1.46M
Short % of Shares Out 3.80%
Short % of Float 3.85%
Short Ratio (days to cover) 4.08

Income Statement

In the last 12 months, INDB had revenue of $654.16 million and earned $188.74 million in profits. Earnings per share was $4.44.

Revenue 654.16M
Gross Profit 654.16M
Operating Income 261.66M
Pretax Income 279.94M
Net Income 188.74M
EBITDA n/a
EBIT n/a
Earnings Per Share (EPS) $4.44
Full Income Statement

Balance Sheet

The company has $716.84 million in cash and $859.87 million in debt, giving a net cash position of -$143.03 million or -$3.36 per share.

Cash & Cash Equivalents 716.84M
Total Debt 859.87M
Net Cash -143.03M
Net Cash Per Share -$3.36
Equity (Book Value) 3.03B
Book Value Per Share 71.19
Working Capital -14.95B
Full Balance Sheet

Cash Flow

Operating Cash Flow n/a
Capital Expenditures n/a
Free Cash Flow n/a
FCF Per Share n/a
Full Cash Flow Statement

Margins

Gross Margin n/a
Operating Margin 40.00%
Pretax Margin 36.96%
Profit Margin 28.85%
EBITDA Margin n/a
EBIT Margin n/a
FCF Margin n/a

Dividends & Yields

This stock pays an annual dividend of $2.36, which amounts to a dividend yield of 4.05%.

Dividend Per Share $2.36
Dividend Yield 4.05%
Dividend Growth (YoY) 3.60%
Years of Dividend Growth 6
Payout Ratio 53.15%
Buyback Yield 2.45%
Shareholder Yield 6.50%
Earnings Yield 7.61%
FCF Yield n/a
Dividend Details

Analyst Forecast

The average price target for INDB is $69.50, which is 19.27% higher than the current price. The consensus rating is "Buy".

Price Target $69.50
Price Target Difference 19.27%
Analyst Consensus Buy
Analyst Count 4
Revenue Growth Forecast (5Y) n/a
EPS Growth Forecast (5Y) n/a
Stock Forecasts

Stock Splits

This stock does not have any record of stock splits.

Last Split Date n/a
Split Type n/a
Split Ratio n/a

Scores

Altman Z-Score n/a
Piotroski F-Score 2