Independent Bank Statistics
Total Valuation
INDB has a market cap or net worth of $2.67 billion. The enterprise value is $3.28 billion.
Important Dates
The next estimated earnings date is 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 -3.81% in one year.
| Current Share Class | 42.61M |
| Shares Outstanding | 42.61M |
| Shares Change (YoY) | -3.81% |
| Shares Change (QoQ) | +0.05% |
| Owned by Insiders (%) | 0.89% |
| Owned by Institutions (%) | 84.72% |
| Float | 42.11M |
Valuation Ratios
The trailing PE ratio is 13.86 and the forward PE ratio is 11.60.
| PE Ratio | 13.86 |
| Forward PE | 11.60 |
| PS Ratio | 4.11 |
| Forward PS | 3.35 |
| PB Ratio | 0.90 |
| P/TBV Ratio | 1.35 |
| P/FCF Ratio | 12.85 |
| P/OCF Ratio | 11.71 |
| PEG Ratio | n/a |
Financial Ratio HistoryEnterprise Valuation
| EV / Earnings | 17.05 |
| EV / Sales | 5.01 |
| EV / EBITDA | n/a |
| EV / EBIT | n/a |
| EV / FCF | 15.64 |
Financial Position
| Current Ratio | n/a |
| Quick Ratio | n/a |
| Debt / Equity | n/a |
| Debt / EBITDA | n/a |
| Debt / FCF | 4.11 |
| Interest Coverage | n/a |
Financial Efficiency
Return on equity (ROE) is 6.52%.
| Return on Equity (ROE) | 6.52% |
| Return on Assets (ROA) | 0.99% |
| Return on Invested Capital (ROIC) | n/a |
| Return on Capital Employed (ROCE) | n/a |
| Revenue Per Employee | $355,739 |
| Profits Per Employee | $104,562 |
| Employee Count | 1,837 |
| Asset Turnover | n/a |
| Inventory Turnover | n/a |
Taxes
In the past 12 months, INDB has paid $55.05 million in taxes.
| Income Tax | 55.05M |
| Effective Tax Rate | 22.27% |
Stock Price Statistics
The stock price has increased by +19.93% in the last 52 weeks. The beta is 0.79, so INDB's price volatility has been lower than the market average.
| Beta (5Y) | 0.79 |
| 52-Week Price Change | +19.93% |
| 50-Day Moving Average | 66.31 |
| 200-Day Moving Average | 62.63 |
| Relative Strength Index (RSI) | 42.32 |
| Average Volume (20 Days) | 362,875 |
Short Selling Information
The latest short interest is 1.44 million, so 3.37% of the outstanding shares have been sold short.
| Short Interest | 1.44M |
| Short Previous Month | 1.45M |
| Short % of Shares Out | 3.37% |
| Short % of Float | 3.41% |
| Short Ratio (days to cover) | 4.90 |
Income Statement
In the last 12 months, INDB had revenue of $653.49 million and earned $192.08 million in profits. Earnings per share was $4.52.
| Revenue | 653.49M |
| Gross Profit | 653.49M |
| Operating Income | 265.83M |
| Pretax Income | 279.94M |
| Net Income | 192.08M |
| EBITDA | n/a |
| EBIT | n/a |
| Earnings Per Share (EPS) | $4.52 |
Full Income StatementBalance Sheet
The company has $277.18 million in cash and $860.58 million in debt, giving a net cash position of -$583.40 million or -$13.69 per share.
| Cash & Cash Equivalents | 277.18M |
| Total Debt | 860.58M |
| Net Cash | -583.40M |
| Net Cash Per Share | -$13.69 |
| Equity (Book Value) | 2.99B |
| Book Value Per Share | 70.43 |
| Working Capital | -15.76B |
Full Balance SheetCash Flow
In the last 12 months, operating cash flow was $229.92 million and capital expenditures -$20.44 million, giving a free cash flow of $209.49 million.
| Operating Cash Flow | 229.92M |
| Capital Expenditures | -20.44M |
| Free Cash Flow | 209.49M |
| FCF Per Share | $4.92 |
Full Cash Flow StatementMargins
| Gross Margin | n/a |
| Operating Margin | 40.68% |
| Pretax Margin | 37.82% |
| Profit Margin | 29.39% |
| EBITDA Margin | n/a |
| EBIT Margin | n/a |
| FCF Margin | 32.06% |