Independent Bank Corp stock page - price, fundamentals, dividends - iOCharts

INDB

85.86
-0.53 (-0.61%)
Independent Bank Corp (NASDAQ, USD)
Financial Services >
Banks-Regional
Market cap
2.84B
Ent value
13.61B
Price/Sales
5.96
Price/Book
1.62
Div yield
2.24%
Div growth
12.09%
Growth years
10
FCF payout
41.86%
Trailing P/E
23.42
Forward P/E
18.46
PEG
9.37
EPS growth
15.00%
1 year return
17.57%
3 year return
2.80%
5 year return
5.39%
10 year return
13.20%
Last updated: 2021-11-26

STOCK INFORMATION

Stock chart

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Stock price data
Open86.03
Daily high86.85
Daily low85.18
Daily Volume125K
All-time high98.62
1y analyst estimate92.75
Beta0.99
EPS (TTM)3.68
Dividend per share1.92
Ex-div date25 Jun 2021
Next earnings date21 Oct 2021

Downside potential

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Downside potential data
INDBS&P500
Current price drop from All-time high-12.94%-0.06%
Highest price drop-88.89%-56.47%
Date of highest drop25 Jul 19919 Mar 2009
Avg drop from high-23.09%-11.41%
Avg time to new high39 days12 days
Max time to new high1649 days1805 days

DIVIDENDS

Dividend yield - 5y

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Dividend yield data
Dividend per share1.92
Dividend yield2.24%
Payout frequencyQuarterly
Maximum yield3.67%
Average yield2.26%
Minimum yield1.64%
Discount to avg yield-1.14%
Upside potential-1.13%
Yield as % of max yield60.91%

Yield distribution (inverse percentile) - 5y

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Yield distribution data
Dividend yield2.24%
Current yield distribution45.79%
Yield at 100% (Min)1.64%
Yield at 90%1.81%
Yield at 80%1.91%
Yield at 50% (Median)2.19%
Yield at 20%2.55%
Yield at 10%2.77%
Yield at 0% (Max)3.67%

Dividend per share

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Dividend per share data
Years of growth10 years
CCC statusDividend Contender
Dividend per share1.92
Payout frequencyQuarterly
Ex-div date25 Jun 2021
EPS (TTM)3.68
EPS (1y forward)4.65
EPS growth (5y)15.00%
EPS growth (5y forward)2.50%

Dividend growth

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Dividend growth data
INDBS&P500
DGR MR4.35%7.68%
DGR TTM4.44%-2.66%
DGR 3 years12.86%5.82%
DGR 5 years12.09%6.23%
DGR 10 years9.84%9.64%
DGR 15 years7.76%6.71%
Time since last change announced255 days
EPS growth (5y)15.00%
EPS growth (5y forward)2.50%

Payout ratio

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Payout ratio data
EPS coverageFCF coverage
TTM50.21%41.86%
Average--
Forward41.29%-

VALUATION

Valuation Ratios

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Valuation Ratios data
Trailing P/E23.42
Price to OCF17.52
Price to FCF19.52
Price to EBITDA14.56
EV to EBITDA69.84

Valuation (Sales/Book Value)

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Valuation (Sales/Book Value) data
Price to Sales5.96
Price to Book1.62
EV to Sales28.61

FINANCIALS

Per share

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Per share data
Current share count33.04M
EPS (TTM)3.68
FCF per share (TTM)4.41

Income statement

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Income statement data
Revenue (TTM)475.65M
Gross profit (TTM)433.48M
Operating income (TTM)106.81M
Net income (TTM)121.17M
EPS (TTM)3.68
EPS (1y forward)4.65

Margins

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Margins data
Gross margin (TTM)91.13%
Operating margin (TTM)22.46%
Profit margin (TTM)25.47%

Balance Sheet

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Balance Sheet data
Cash2.01B
Net receivables5.29M
Total current assets2.04B
Goodwill506.21M
Intangible assets19.05M
Property, plant and equipment0.00
Total assets14.53B
Accounts payable12.26B
Short/Current long term debt157.04M
Total current liabilities12.26B
Total liabilities12.78B
Shareholder's equity1.76B
Net tangible assets1.23B

Cash flow

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Cash flow data
Operating cash flow (TTM)161.89M
Capital expenditures (TTM)16.57M
Free cash flow (TTM)145.33M
Dividends paid (TTM)60.84M

Financial returns

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Financial returns data
Return on Equity7.12%
Return on Assets0.92%
Return on Invested Capital5.87%
Cash Return on Invested Capital7.04%
COMPANY DETAILS
INDB (Independent Bank Corp) company logo
Marketcap
2.84B
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. Its products and services include demand deposits and time certificates of deposit, as well as checking, money market, and savings accounts. The company's loan portfolio includes commercial loans, such as commercial and industrial, asset-based, commercial real estate, commercial construction, and small business loans; consumer real estate loans, including residential mortgages and home equity loans, and loans for the construction of residential properties; and personal loans. It also provides investment management and trust services to individuals, institutions, small businesses, and charitable institutions; Internet and mobile banking services, as well as automated teller machine (ATM) cards and debit cards; and mutual fund shares, unit investment trust shares, general securities, fixed and variable annuities, and life insurance products. As of December 31, 2020, it operates through a network of ninety-six full service and two limited service retail branches, sixteen commercial banking centers, ten investment management offices, and eight mortgage lending centers in Eastern Massachusetts, Greater Boston, the South Shore, and the Cape and Islands, as well as in Worcester County and Rhode Island. The company was founded in 1907 and is headquartered in Rockland, Massachusetts.
Employees
1432
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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UNDERSTAND THE BUSINESS
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COMPANY NEWS
All newsPress releases
ROCKLAND, Mass., November 12, 2021--Independent Bank Corp. (Nasdaq Global Select Market: INDB), parent of Rockland Trust Company, today announced the closing of its acquisition of Meridian Bancorp, In...
November 12, 2021
The closings will leave just one major banking merger still pending in Greater Boston, one announced before either the Century or East Boston Savings acquisitions: M&T Bank’s merger with People’s Unit...
November 12, 2021
ROCKLAND, Mass. & PEABODY, Mass., November 05, 2021--Independent Bank Corp. (NASDAQ Global Select Market: INDB) ("Independent"), parent of Rockland Trust Company, and Meridian Bancorp, Inc. (NASDAQ Gl...
November 5, 2021
With respect to the financial condition, results of operations and business of Independent Bank Corporation's actual results may be different. Independent Bank Corporation cautions you against unduly...
October 22, 2021
Independent Bank Corp. (INDB) delivered earnings and revenue surprises of 19.05% and -1.21%, respectively, for the quarter ended September 2021. Do the numbers hold clues to what lies ahead for the st...
October 21, 2021
Independent Bank Corp. (INDB) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
October 14, 2021
ROCKLAND, Mass., October 04, 2021--Independent Bank Corp. (Nasdaq Global Select Market: INDB), parent of Rockland Trust Company, will host its quarterly conference call to discuss third quarter result...
October 4, 2021
When you buy and hold a stock for the long term, you definitely want it to provide a positive return. Furthermore...
September 20, 2021
ROCKLAND, Mass., September 16, 2021--The Board of Directors of Independent Bank Corp. (Nasdaq Global Select Market: INDB), parent of Rockland Trust Company, today announced a $0.48 per share dividend....
September 16, 2021
ROCKLAND, Mass., August 19, 2021--Independent Bank Corp. (Nasdaq Global Select Market: INDB), parent of Rockland Trust Company, today announced the appointment of Susan Perry O’Day to its Board of Dir...
August 19, 2021
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