Independent Bank Statistics
Total Valuation
INDB has a market cap or net worth of $2.90 billion. The enterprise value is $3.38 billion.
Important Dates
The last earnings date was Thursday, January 16, 2025, after market close.
| Earnings Date | Jan 16, 2025 |
| Ex-Dividend Date | Dec 30, 2024 |
Share Statistics
INDB has 42.50 million shares outstanding. The number of shares has decreased by -3.81% in one year.
| Current Share Class | 42.50M |
| Shares Outstanding | 42.50M |
| Shares Change (YoY) | -3.81% |
| Shares Change (QoQ) | +0.05% |
| Owned by Insiders (%) | 0.82% |
| Owned by Institutions (%) | 82.06% |
| Float | 42.02M |
Valuation Ratios
The trailing PE ratio is 15.09 and the forward PE ratio is 12.58.
| PE Ratio | 15.09 |
| Forward PE | 12.58 |
| PS Ratio | 4.44 |
| Forward PS | 3.94 |
| PB Ratio | 0.97 |
| P/TBV Ratio | 1.45 |
| P/FCF Ratio | n/a |
| P/OCF Ratio | n/a |
| PEG Ratio | n/a |
Financial Ratio HistoryEnterprise Valuation
| EV / Earnings | 17.60 |
| EV / Sales | 5.17 |
| 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 6.52%.
| Return on Equity (ROE) | 6.52% |
| Return on Assets (ROA) | 0.99% |
| Return on Capital (ROIC) | n/a |
| Revenue Per Employee | $365,693 |
| Profits Per Employee | $107,488 |
| Employee Count | 1,787 |
| 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 +13.25% in the last 52 weeks. The beta is 0.80, so INDB's price volatility has been lower than the market average.
| Beta (5Y) | 0.80 |
| 52-Week Price Change | +13.25% |
| 50-Day Moving Average | 68.86 |
| 200-Day Moving Average | 58.98 |
| Relative Strength Index (RSI) | 58.53 |
| Average Volume (20 Days) | 258,256 |
Short Selling Information
The latest short interest is 865,811, so 2.04% of the outstanding shares have been sold short.
| Short Interest | 865,811 |
| Short Previous Month | 1.03M |
| Short % of Shares Out | 2.04% |
| Short % of Float | 2.06% |
| Short Ratio (days to cover) | 3.33 |
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 | 259.92M |
| 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 $219.89 million in cash and $701.37 million in debt, giving a net cash position of -$481.48 million or -$11.33 per share.
| Cash & Cash Equivalents | 219.89M |
| Total Debt | 701.37M |
| Net Cash | -481.48M |
| Net Cash Per Share | -$11.33 |
| Equity (Book Value) | 2.99B |
| Book Value Per Share | 70.43 |
| Working Capital | -15.07B |
Full Balance SheetCash Flow
| Operating Cash Flow | n/a |
| Capital Expenditures | n/a |
| Free Cash Flow | n/a |
| FCF Per Share | n/a |
Full Cash Flow StatementMargins
| Gross Margin | n/a |
| Operating Margin | 39.77% |
| Pretax Margin | 37.82% |
| Profit Margin | 29.39% |
| EBITDA Margin | n/a |
| EBIT Margin | n/a |
| FCF Margin | n/a |