Independent Bank Statistics
Total Valuation
INDB has a market cap or net worth of $3.35 billion. The enterprise value is $3.53 billion.
Important Dates
The next estimated earnings date is Thursday, July 17, 2025, after market close.
| Earnings Date | Jul 17, 2025 |
| Ex-Dividend Date | Jun 30, 2025 |
Share Statistics
INDB has 50.11 million shares outstanding. The number of shares has decreased by -2.45% in one year.
| Current Share Class | 50.11M |
| Shares Outstanding | 50.11M |
| Shares Change (YoY) | -2.45% |
| Shares Change (QoQ) | +0.14% |
| Owned by Insiders (%) | 0.76% |
| Owned by Institutions (%) | 75.25% |
| Float | 42.12M |
Valuation Ratios
The trailing PE ratio is 15.08 and the forward PE ratio is 11.41.
| PE Ratio | 15.08 |
| Forward PE | 11.41 |
| PS Ratio | 4.35 |
| Forward PS | 3.73 |
| PB Ratio | 0.94 |
| P/TBV Ratio | 1.65 |
| P/FCF Ratio | 19.26 |
| P/OCF Ratio | 17.46 |
| PEG Ratio | n/a |
Financial Ratio HistoryEnterprise Valuation
| EV / Earnings | 18.72 |
| EV / Sales | 5.40 |
| EV / EBITDA | n/a |
| EV / EBIT | n/a |
| EV / FCF | 20.29 |
Financial Position
| Current Ratio | n/a |
| Quick Ratio | n/a |
| Debt / Equity | n/a |
| Debt / EBITDA | n/a |
| Debt / FCF | 5.39 |
| 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 +34.85% 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 | +34.85% |
| 50-Day Moving Average | 62.42 |
| 200-Day Moving Average | 64.21 |
| Relative Strength Index (RSI) | 65.26 |
| Average Volume (20 Days) | 389,974 |
Short Selling Information
The latest short interest is 1.63 million, so 3.26% of the outstanding shares have been sold short.
| Short Interest | 1.63M |
| Short Previous Month | 1.81M |
| Short % of Shares Out | 3.26% |
| Short % of Float | 3.87% |
| Short Ratio (days to cover) | 6.15 |
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 | 261.44M |
| Pretax Income | 279.94M |
| Net Income | 188.74M |
| EBITDA | n/a |
| EBIT | n/a |
| Earnings Per Share (EPS) | $4.44 |
Full Income StatementBalance Sheet
The company has $760.20 million in cash and $938.97 million in debt, giving a net cash position of -$178.77 million or -$3.57 per share.
| Cash & Cash Equivalents | 760.20M |
| Total Debt | 938.97M |
| Net Cash | -178.77M |
| Net Cash Per Share | -$3.57 |
| Equity (Book Value) | 3.03B |
| Book Value Per Share | 71.19 |
| Working Capital | -14.97B |
Full Balance SheetCash Flow
In the last 12 months, operating cash flow was $192.12 million and capital expenditures -$18.00 million, giving a free cash flow of $174.12 million.
| Operating Cash Flow | 192.12M |
| Capital Expenditures | -18.00M |
| Free Cash Flow | 174.12M |
| FCF Per Share | $3.47 |
Full Cash Flow StatementMargins
| Gross Margin | n/a |
| Operating Margin | 39.97% |
| Pretax Margin | 36.96% |
| Profit Margin | 28.85% |
| EBITDA Margin | n/a |
| EBIT Margin | n/a |
| FCF Margin | 26.62% |
Dividends & Yields
This stock pays an annual dividend of $2.36, which amounts to a dividend yield of 3.53%.
| Dividend Per Share | $2.36 |
| Dividend Yield | 3.53% |
| Dividend Growth (YoY) | 3.57% |
| Years of Dividend Growth | 14 |
| Payout Ratio | 52.25% |
| Buyback Yield | 2.45% |
| Shareholder Yield | 6.01% |
| Earnings Yield | 5.63% |
| FCF Yield | 5.19% |
Dividend DetailsAnalyst Forecast
The average price target for INDB is $69.50, which is 3.82% higher than the current price. The consensus rating is "Buy".
| Price Target | $69.50 |
| Price Target Difference | 3.82% |
| Analyst Consensus | Buy |
| Analyst Count | 4 |
| Revenue Growth Forecast (5Y) | n/a |
| EPS Growth Forecast (5Y) | n/a |
Stock ForecastsFair Value
There are several formulas that can be used to estimate the intrinsic value of a stock.
| Lynch Fair Value | |
| Lynch Upside | |
| Graham Number | |
| Graham Upside | |
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 | 4 |
