Independent Bank Statistics
Total Valuation
INDB has a market cap or net worth of $2.81 billion. The enterprise value is $3.08 billion.
Important Dates
The next estimated earnings date is Thursday, January 16, 2025, after market close.
| Earnings Date | Jan 16, 2025 |
| Ex-Dividend Date | Sep 30, 2024 |
Share Statistics
INDB has 42.49 million shares outstanding. The number of shares has decreased by -4.44% in one year.
| Current Share Class | 42.49M |
| Shares Outstanding | 42.49M |
| Shares Change (YoY) | -4.44% |
| Shares Change (QoQ) | +0.05% |
| Owned by Insiders (%) | 0.82% |
| Owned by Institutions (%) | 82.04% |
| Float | 42.01M |
Valuation Ratios
The trailing PE ratio is 14.35 and the forward PE ratio is 13.37.
| PE Ratio | 14.35 |
| Forward PE | 13.37 |
| PS Ratio | 4.30 |
| Forward PS | 3.87 |
| PB Ratio | 0.94 |
| P/TBV Ratio | 1.42 |
| P/FCF Ratio | 12.74 |
| P/OCF Ratio | 11.66 |
| PEG Ratio | n/a |
Financial Ratio HistoryEnterprise Valuation
| EV / Earnings | 15.65 |
| EV / Sales | 4.70 |
| EV / EBITDA | n/a |
| EV / EBIT | n/a |
| EV / FCF | 13.99 |
Financial Position
| Current Ratio | n/a |
| Quick Ratio | n/a |
| Debt / Equity | n/a |
| Debt / EBITDA | n/a |
| Debt / FCF | 3.38 |
| Interest Coverage | n/a |
Financial Efficiency
Return on equity (ROE) is 6.72%.
| Return on Equity (ROE) | 6.72% |
| Return on Assets (ROA) | 1.02% |
| Return on Capital (ROIC) | n/a |
| Revenue Per Employee | $366,813 |
| Profits Per Employee | $110,157 |
| Employee Count | 1,787 |
| Asset Turnover | n/a |
| Inventory Turnover | n/a |
Taxes
In the past 12 months, INDB has paid $58.26 million in taxes.
| Income Tax | 58.26M |
| Effective Tax Rate | 22.84% |
Stock Price Statistics
The stock price has increased by +0.09% in the last 52 weeks. The beta is 0.78, so INDB's price volatility has been lower than the market average.
| Beta (5Y) | 0.78 |
| 52-Week Price Change | +0.09% |
| 50-Day Moving Average | 68.31 |
| 200-Day Moving Average | 57.76 |
| Relative Strength Index (RSI) | 37.13 |
| Average Volume (20 Days) | 283,788 |
Short Selling Information
The latest short interest is 992,171, so 2.33% of the outstanding shares have been sold short.
| Short Interest | 992,171 |
| Short Previous Month | 808,455 |
| Short % of Shares Out | 2.33% |
| Short % of Float | 2.36% |
| Short Ratio (days to cover) | 3.73 |
Income Statement
In the last 12 months, INDB had revenue of $655.49 million and earned $196.85 million in profits. Earnings per share was $4.60.
| Revenue | 655.49M |
| Gross Profit | 655.49M |
| Operating Income | 273.48M |
| Pretax Income | 279.94M |
| Net Income | 196.85M |
| EBITDA | n/a |
| EBIT | n/a |
| Earnings Per Share (EPS) | $4.60 |
Full Income StatementBalance Sheet
The company has $468.16 million in cash and $743.21 million in debt, giving a net cash position of -$275.05 million or -$6.47 per share.
| Cash & Cash Equivalents | 468.16M |
| Total Debt | 743.21M |
| Net Cash | -275.05M |
| Net Cash Per Share | -$6.47 |
| Equity (Book Value) | 2.98B |
| Book Value Per Share | 70.08 |
| Working Capital | -15.02B |
Full Balance SheetCash Flow
In the last 12 months, operating cash flow was $240.54 million and capital expenditures -$20.36 million, giving a free cash flow of $220.18 million.
| Operating Cash Flow | 240.54M |
| Capital Expenditures | -20.36M |
| Free Cash Flow | 220.18M |
| FCF Per Share | $5.18 |
Full Cash Flow StatementMargins
| Gross Margin | n/a |
| Operating Margin | 41.72% |
| Pretax Margin | 38.92% |
| Profit Margin | 30.03% |
| EBITDA Margin | n/a |
| EBIT Margin | n/a |
| FCF Margin | 33.59% |