We have set up our new Discord server! Share your feedback and find like-minded people! Join our Discord

Ticker
INDB

Price
54.31
Stock movement up
+0.69 (1.29%)
Company name
Independent Bank
Exchange
(NASDAQ
,
Currency
USD
)
Sector
Financial Services >
Banks - Regional
Market cap
2.31B
Ent value
18.54B
Price/Sales
2.46
Price/Book
0.78
Div yield
4.20%
Div growth
7.68%
Growth years
10
FCF payout
42.32%
Trailing P/E
11.72
Forward P/E
10.12
PEG
4.69
EPS growth
4.27%
1 year return
12.65%
3 year return
-11.50%
5 year return
-3.53%
10 year return
2.15%
Last updated: 2025-04-14

iO Charts is a Seeking Alpha partner

iO Charts is a Seeking Alpha partner

DIVIDENDS

Dividend yield - 5y

Loading...
Dividend yield data
Dividend per share2.28
Dividend yield4.20%
Payout frequency-
Maximum yield4.98%
Average yield3.16%
Minimum yield1.95%
Discount to avg yield24.75%
Upside potential32.89%
Yield as % of max yield84.23%

Yield distribution (inverse percentile) - 5y

Loading...
Yield distribution data
Dividend yield4.20%
Current yield distribution15.32%
Yield at 100% (Min)1.95%
Yield at 90%2.36%
Yield at 80%2.44%
Yield at 50% (Median)2.81%
Yield at 20%3.96%
Yield at 10%4.45%
Yield at 0% (Max)4.98%

Dividend per share

Loading...
Dividend per share data
Years of growth10 years
CCC statusDividend Contender
Dividend per share2.28
Payout frequency-
Ex-div date31 Mar 2025
EPS (TTM)4.63
EPS (1y forward)5.37
EPS growth (5y)4.27%
EPS growth (5y forward)2.50%

Dividend growth

Loading...
Please create a free account or log in to access this chart
Dividend growth data
INDBS&P500
DGR MR3.64%-13.74%
DGR TTM2.73%6.60%
DGR 3 years6.14%5.24%
DGR 5 years7.68%5.40%
DGR 10 years9.60%7.07%
DGR 15 years7.73%6.12%
Time since last change announced391 days
EPS growth (5y)4.27%
EPS growth (5y forward)2.50%

Payout ratio

Loading...
Please create a free account or log in to access this chart
Payout ratio data
EPS coverageFCF coverage
TTM48.90%42.32%
Average--
Forward42.50%-

iO Charts is a Seeking Alpha partner

iO Charts is a Seeking Alpha partner

VALUATION

Valuation Ratios

Loading...
Valuation Ratios data
Trailing P/E11.72
Price to OCF9.31
Price to FCF10.15
Price to EBITDA10.97
EV to EBITDA88.13

Valuation (Sales/Book Value)

Loading...
Valuation (Sales/Book Value) data
Price to Sales2.46
Price to Book0.78
EV to Sales19.78

iO Charts is a Seeking Alpha partner

FINANCIALS

Per share

Loading...
Per share data
Current share count42.49M
EPS (TTM)4.63
FCF per share (TTM)5.35

Income statement

Loading...
Income statement data
Revenue (TTM)937.31M
Gross profit (TTM)873.93M
Operating income (TTM)262.25M
Net income (TTM)196.85M
EPS (TTM)4.63
EPS (1y forward)5.37

Margins

Loading...
Margins data
Gross margin (TTM)93.24%
Operating margin (TTM)27.98%
Profit margin (TTM)21.00%

Balance Sheet

Loading...
Please create a free account or log in to access this chart
Balance Sheet data
Cash198.99M
Net receivables0.00
Total current assets198.99M
Goodwill985.07M
Intangible assets13.70M
Property, plant and equipment0.00
Total assets19.41B
Accounts payable0.00
Short/Current long term debt663.38M
Total current liabilities7.49B
Total liabilities16.43B
Shareholder's equity2.98B
Net tangible assets0.00

Cash flow

Loading...
Please create a free account or log in to access this chart
Cash flow data
Operating cash flow (TTM)247.96M
Capital expenditures (TTM)20.49M
Free cash flow (TTM)227.47M
Dividends paid (TTM)96.26M

Financial returns

Loading...
Please create a free account or log in to access this chart
Financial returns data
Return on Equity6.61%
Return on Assets1.01%
Return on Invested Capital5.41%
Cash Return on Invested Capital6.25%

iO Charts is a Seeking Alpha partner

iO Charts is a Seeking Alpha partner

STOCK INFORMATION

Stock chart

Loading...
Stock price data
Open54.67
Daily high54.85
Daily low53.16
Daily Volume296K
All-time high98.62
1y analyst estimate75.25
Beta0.74
EPS (TTM)4.63
Dividend per share2.28
Ex-div date31 Mar 2025
Next earnings date16 Apr 2025

Downside potential

Loading...
Downside potential data
INDBS&P500
Current price drop from All-time high-44.93%-12.04%
Highest price drop-88.89%-56.47%
Date of highest drop25 Jul 19919 Mar 2009
Avg drop from high-24.01%-11.07%
Avg time to new high43 days12 days
Max time to new high1649 days1805 days

iO Charts is a Seeking Alpha partner

COMPANY DETAILS
INDB (Independent Bank) company logo
Marketcap
2.31B
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 in the United States. The company provides interest checking, money market, and savings accounts, as well as demand deposits and time certificates of deposit. It offers commercial real estate and construction, commercial and industrial, small business, secured and unsecured commercial, and consumer real estate loans; term loans and revolving/nonrevolving lines of credit; overdraft protection and letters of credit; and residential mortgages and home equity loans and lines. In addition, the company provides cash management services, such as ACH transaction processing, positive pay, and remote deposit services; investment management and trust services to individuals, institutions, small businesses, and charitable institutions; mobile, online, and telephone banking; estate settlement, financial planning, tax services, and other services; automated teller machines; debit and credit cards; and mutual fund and unit investment trust shares, third party model portfolios, general securities, fixed and variable annuities, and life insurance products, as well as advisory platforms. Further, it invests in low-income housing tax credit projects; holds, maintains, and disposes foreclosed properties; and operates as an investment advisor. Independent Bank Corp. was founded in 1907 and is headquartered in Rockland, Massachusetts.
Employees
1787
Investor relations
SEC filings
CEO
Country
USA
City
Stock type
Common stock
CCC status
Dividend Contender
Dividend Frequency
-
EVENTS AND PRESENTATIONS
EventsPresentations
No events found

iO Charts is a Seeking Alpha partner

iO Charts is a Seeking Alpha partner

UNDERSTAND THE BUSINESS
Loading...