Ticker
INDB

Price
51.60
Stock movement down
-1.76 (-3.30%)
Company name
Independent Bank
Exchange
(NASDAQ
,
Currency
USD
)
Sector
Financial Services >
Banks-Regional
Market cap
2.33B
Ent value
18.38B
Price/Sales
3.21
Price/Book
0.81
Div yield
4.26%
Div growth
10.20%
Growth years
10
FCF payout
390.73%
Trailing P/E
8.81
Forward P/E
8.09
PEG
3.53
EPS growth
15.00%
1 year return
-38.59%
3 year return
-12.55%
5 year return
-8.74%
10 year return
4.38%
Last updated: 2023-06-08
Independent Bank Corp. (NASDAQ:NASDAQ:INDB) Q1 2023 Earnings Conference Call April 21, 2023 10:00 AM ETCompany ParticipantsJeff Tengel - Chief Executive OfficerMark Ruggiero - Chief...
April 21, 2023

iO Charts is a Seeking Alpha partner

The following slide deck was published by Independent Bank Corp.
April 21, 2023

iO Charts is a Seeking Alpha partner

DIVIDENDS

Dividend yield - 5y

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Dividend yield data
Dividend per share2.20
Dividend yield4.26%
Payout frequencyQuarterly
Maximum yield4.98%
Average yield2.51%
Minimum yield1.65%
Discount to avg yield41.17%
Upside potential70.00%
Yield as % of max yield85.54%

Yield distribution (inverse percentile) - 5y

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Yield distribution data
Dividend yield4.26%
Current yield distribution1.98%
Yield at 100% (Min)1.65%
Yield at 90%2.00%
Yield at 80%2.18%
Yield at 50% (Median)2.44%
Yield at 20%2.72%
Yield at 10%2.98%
Yield at 0% (Max)4.98%

Dividend per share

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Dividend per share data
Years of growth10 years
CCC statusDividend Contender
Dividend per share2.20
Payout frequencyQuarterly
Ex-div date24 Mar 2023
EPS (TTM)5.78
EPS (1y forward)6.38
EPS growth (5y)15.00%
EPS growth (5y forward)2.50%

Dividend growth

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Dividend growth data
INDBS&P500
DGR MR7.84%-15.45%
DGR TTM8.72%11.27%
DGR 3 years5.73%4.00%
DGR 5 years10.20%5.65%
DGR 10 years9.49%7.37%
DGR 15 years7.74%5.83%
Time since last change announced184 days
EPS growth (5y)15.00%
EPS growth (5y forward)2.50%

Payout ratio

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Payout ratio data
EPS coverageFCF coverage
TTM44.46%390.73%
Average--
Forward34.48%-
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VALUATION

Valuation Ratios

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Valuation Ratios data
Trailing P/E8.81
Price to OCF11.38
Price to FCF77.45
Price to EBITDA9.03
EV to EBITDA71.38

Valuation (Sales/Book Value)

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Valuation (Sales/Book Value) data
Price to Sales3.21
Price to Book0.81
EV to Sales25.38
Get the latest news and real-time alerts from Independent Bank Corp. (INDB) stock at Seeking Alpha.
April 20, 2023

iO Charts is a Seeking Alpha partner

Get the latest news and real-time alerts from Independent Bank Corp. (INDB) stock at Seeking Alpha.
April 1, 2023

iO Charts is a Seeking Alpha partner

FINANCIALS

Per share

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Per share data
Current share count45.06M
EPS (TTM)5.78
FCF per share (TTM)0.66

Income statement

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Income statement data
Revenue (TTM)724.29M
Gross profit (TTM)725.05M
Operating income (TTM)247.47M
Net income (TTM)263.81M
EPS (TTM)5.78
EPS (1y forward)6.38

Margins

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Margins data
Gross margin (TTM)100.11%
Operating margin (TTM)34.17%
Profit margin (TTM)36.42%

Balance Sheet

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Balance Sheet data
Cash352.93M
Net receivables0.00
Total current assets2.08K
Goodwill985.07M
Intangible assets25.07M
Property, plant and equipment0.00
Total assets19.29B
Accounts payable0.00
Short/Current long term debt113.38M
Total current liabilities0.00
Total liabilities16.41B
Shareholder's equity2.89B
Net tangible assets0.00

Cash flow

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Cash flow data
Operating cash flow (TTM)204.33M
Capital expenditures (TTM)18.02M
Free cash flow (TTM)30.02M
Dividends paid (TTM)117.30M

Financial returns

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Financial returns data
Return on Equity9.14%
Return on Assets1.37%
Return on Invested Capital8.79%
Cash Return on Invested Capital1.00%
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STOCK INFORMATION

Stock chart

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Stock price data
Open52.96
Daily high52.96
Daily low50.78
Daily Volume227K
All-time high98.62
1y analyst estimate85.33
Beta0.84
EPS (TTM)5.78
Dividend per share2.20
Ex-div date24 Mar 2023
Next earnings date19 Jul 2023

Downside potential

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Downside potential data
INDBS&P500
Current price drop from All-time high-47.68%-10.17%
Highest price drop-88.89%-56.47%
Date of highest drop25 Jul 19919 Mar 2009
Avg drop from high-23.00%-11.53%
Avg time to new high41 days13 days
Max time to new high1649 days1805 days
Earnings of Independent Bank will most probably continue to surge this year. Click here to find out why I'm upgrading INDB stock to a buy rating.
March 24, 2023

iO Charts is a Seeking Alpha partner

Get the latest news and real-time alerts from Independent Bank Corp. (INDB) stock at Seeking Alpha.
March 16, 2023

iO Charts is a Seeking Alpha partner

COMPANY DETAILS
INDB (Independent Bank) company logo
Marketcap
2.33B
Marketcap category
Mid-cap
Description
Independent Bank Corp. operates as the bank holding company for Rockland Trust Company that provides commercial banking products and services to individuals and small-to-medium sized businesses primarily in Massachusetts. It accepts interest checking, money market, and savings accounts, as well as demand deposits and time certificates of deposit. The company also offers commercial and industrial, commercial real estate and construction, small business, and consumer real estate. In addition, it provides investment management and trust services to individuals, institutions, small businesses, and charitable institutions; Internet and mobile banking services, as well as estate settlement, financial planning, tax services, and other services; automated teller machine and debit cards; and mutual fund and unit investment trust shares, general securities, fixed and variable annuities, and life insurance products, as well as advisory platforms. The company was founded in 1907 and is headquartered in Hanover, Massachusetts.
Employees
1739
Investor relations
SEC filings
CEO
Country
USA
City
Stock type
Common stock
CCC status
Dividend Contender
Dividend Frequency
Quarterly
EVENTS AND PRESENTATIONS
EventsPresentations
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Independent Bank Corp. (NASDAQ:NASDAQ:INDB) Q4 2022 Earnings Conference Call January 20, 2022 10:00 AM ETCompany ParticipantsChris Oddleifson - President & CEOMark Ruggiero -...
January 20, 2023

iO Charts is a Seeking Alpha partner

Get the latest news and real-time alerts from Independent Bank Corp. (INDB) stock at Seeking Alpha.
January 19, 2023

iO Charts is a Seeking Alpha partner

UNDERSTAND THE BUSINESS
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COMPANY NEWS
Seeking AlphaPress releases
Get the latest news and real-time alerts from Independent Bank Corp. (INDB) stock at Seeking Alpha.
January 7, 2023
Earnings of Independent Bank Corp. will most probably continue to surge through the end of 2023. Read why I maintain my Hold rating on INDB stock.
December 22, 2022
Get the latest news and real-time alerts from Independent Bank Corp. (INDB) stock at Seeking Alpha.
December 8, 2022
Independent Bank Corp. (NASDAQ:NASDAQ:INDB) Q3 2022 Earnings Conference Call October 21, 2022 10:00 AM ETCompany ParticipantsChris Oddleifson - President and CEOMark Ruggiero - Chief...
October 21, 2022
The following slide deck was published by Independent Bank Corp.
October 21, 2022
Get the latest news and real-time alerts from Independent Bank Corp. (INDB) stock at Seeking Alpha.
October 20, 2022
As deposits are quicker to reprice than loans, the margin will take a lagged effect of rising interest rates. Click here to read more about the INDB stock.
October 5, 2022
Get the latest news and real-time alerts from Independent Bank Corp. (INDB) stock at Seeking Alpha.
September 15, 2022
Independent Bank Corp. (NASDAQ:NASDAQ:INDB) Q2 2022 Earnings Conference Call July 22, 2022 10:00 AM ETCompany ParticipantsChristopher Oddleifson - President and CEOMark Ruggiero -...
July 22, 2022
Get the latest news and real-time alerts from Independent Bank Corp. (INDB) stock at Seeking Alpha.
July 21, 2022
iO Charts is a Seeking Alpha partnerNext page