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Independent Bank

Financial Services US INDB

76.45USD
-0.11(0.14%)

Last update at 2026-03-10T20:00:00Z

Day Range

75.6378.16
LowHigh

52 Week Range

42.2167.44
LowHigh

Fundamentals

  • Previous Close 76.56
  • Market Cap2136.88M
  • Volume384330
  • P/E Ratio9.83
  • Dividend Yield4.48%
  • Revenue TTM689.96M
  • Revenue Per Share TTM15.84
  • Gross Profit TTM 718.36M
  • Diluted EPS TTM5.12

Source: TradingView
The charts and visual representations are sourced from TradingView through embedded widgets. For any issues with chart display, please visit the TradingView website

Analyst Recommendations

Financials

Income Statement

Balance Sheet

Change in Cash

Total Operating Cash

Dividends Paid

Breakdown 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Type yearly yearly yearly yearly yearly
Date 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Income before tax 347.75M 156.68M 152.84M 218.11M 155.93M
Minority interest - - - - -
Net income 263.81M 120.99M 121.17M 165.18M 121.62M
Selling general administrative 211.66M 183.47M 161.25M 157.07M 132.23M
Selling and marketing expenses - 4.08M 4.26M 5.44M 4.94M
Gross profit 727.92M 507.41M 477.45M 508.43M 383.24M
Reconciled depreciation 38.80M 32.82M 27.26M 19.44M 15.99M
Ebit 338.55M 156.68M 152.84M 218.11M 181.46M
Ebitda 377.35M 189.50M 180.10M 237.55M 197.46M
Depreciation and amortization 38.80M 32.82M 27.26M 19.44M 15.99M
Non operating income net other - - - - -
Operating income 338.55M 156.68M 152.84M 218.11M 181.46M
Other operating expenses -389.37000M -350.73400M -324.61500M -290.32100M 201.78M
Interest expense 29.59M 13.72M 34.34M 53.88M 25.54M
Tax provision 83.94M 35.68M 31.67M 52.93M 34.30M
Interest income 642.84M 415.28M 402.07M 447.01M 323.70M
Net interest income 613.25M 401.56M 367.73M 393.13M 298.17M
Extraordinary items - - - - -
Non recurring - - - - -
Other items - - - - -
Income tax expense 83.94M 35.68M 31.67M 52.93M 34.30M
Total revenue 727.92M 507.41M 477.45M 508.43M 386.67M
Total operating expenses -389.37000M -350.73400M -324.61500M -290.32100M -201.77900M
Cost of revenue - - - - 3.43M
Total other income expense net 9.21M -13.71700M -34.34100M -53.87900M -25.53600M
Discontinued operations - - - - -
Net income from continuing ops 263.81M 120.99M 121.17M 165.18M 121.62M
Net income applicable to common shares 263.81M 120.99M 121.17M 165.18M 121.62M
Preferred stock and other adjustments - - - - -
Breakdown 2023-12-31 2022-12-31 2021-12-31 2020-12-31 2019-12-31
Type yearly yearly yearly yearly yearly
Date 2023-12-31 2022-12-31 2021-12-31 2020-12-31 2019-12-31
Total assets 19347.37M 19294.17M 20423.40M 13204.30M 11395.17M
Intangible assets 18.19M 25.07M 32.77M 23.11M 29.29M
Earning assets - - - - 1274.69M
Other current assets 242.64M -1752.08492M 12733.28M 9686.78M 8967.93M
Total liab 16452.12M 16407.47M 152.37M 181.06M 303.10M
Total stockholder equity 2895.25M 2886.70M 3018.45M 1702.68M 1708.14M
Deferred long term liab - - - - -
Other current liab 9441.70M - 16917.04M 112.55M 9499.67M
Common stock 0.43M 0.46M 0.47M 0.33M 0.34M
Capital stock 0.43M 0.46M 0.47M 0.33M 0.34M
Retained earnings 1077.49M 934.44M 766.72M 716.02M 654.18M
Other liab - 207.72M 335.54M 327.39M 124.33M
Good will 985.07M 985.07M 985.07M 506.21M 506.21M
Other assets - 13206.16M 12733.28M 9686.78M 8967.93M
Cash 224.33M 352.93M 2240.68M 1296.64M 150.97M
Cash and equivalents - - - - -
Total current liabilities 10560.66M 16039.39M 16917.04M 112.55M 9499.67M
Current deferred revenue - - - - -
Net debt 1050.33M -239.55600M -2088.31000M -1115.57600M 152.13M
Short term debt 1118.96M - 152.37M 147.81M 303.10M
Short long term debt - - - - 104.98M
Short long term debt total 1274.66M 113.38M 152.37M 181.06M 303.10M
Other stockholder equity 1928.87M 2114.89M 2249.08M 945.64M 1035.45M
Property plant equipment - 255.40M 195.59M 116.39M 123.67M
Total current assets 242.64M 1752.09M 3811.83M 1709.50M 577.40M
Long term investments 2930.86M 3129.28M 2664.86M 9337.58M 8839.21M
Net tangible assets - 1876.56M 2000.61M 1173.37M 1172.65M
Short term investments 1334.26M 1399.15M 1571.15M 412.86M 426.42M
Net receivables - 5.26M 5.38M 4.64M 8873.64M
Long term debt 1218.38M 113.38M 152.37M 181.06M 303.10M
Inventory - - - - -
Accounts payable - 15879.01M 16917.04M 10993.17M 9147.37M
Total permanent equity - - - - -
Noncontrolling interest in consolidated entity - - - - -
Temporary equity redeemable noncontrolling interests - - - - -
Accumulated other comprehensive income -111.52900M -163.08400M 2.18M 40.70M 18.17M
Additional paid in capital - - - - -
Common stock total equity - - 0.47M 0.33M 0.34M
Preferred stock total equity - - - - -
Retained earnings total equity - - 766.72M 716.02M 654.18M
Treasury stock - - - - -
Accumulated amortization - - - - -
Non currrent assets other 668.79M -4335.92500M -3878.29300M -1808.02300M -1849.83600M
Deferred long term asset charges - - - - -
Non current assets total 19104.74M 4335.93M 3878.29M 1808.02M 1849.84M
Capital lease obligations - - - - -
Long term debt total - - - - 187.35M
Breakdown 2023-12-31 2022-12-31 2021-12-31 2020-12-31 2019-12-31
Type yearly yearly yearly yearly yearly
Date 2023-12-31 2022-12-31 2021-12-31 2020-12-31 2019-12-31
Investments -211.65000M -1000.47400M -1533.33000M -465.62800M 143.49M
Change to liabilities - 0.00000M 0.00000M 0.00000M 0.00000M
Total cashflows from investing activities - -1000.47400M -63.13600M -488.21100M 20.16M
Net borrowings - -39.06300M -604.83800M -87.18700M -42.42000M
Total cash from financing activities -193.94700M -1308.47700M 816.96M 1569.24M -336.16300M
Change to operating activities - 141.91M 66.81M -93.31400M 39.37M
Net income 239.50M 263.81M 120.99M 121.17M 165.18M
Change in cash -128.60300M -1887.75100M 944.05M 1145.66M -99.48100M
Begin period cash flow 352.93M 2240.68M 1296.64M 150.97M 250.46M
End period cash flow 224.33M 352.93M 2240.68M 1296.64M 150.97M
Total cash from operating activities 281.56M 421.20M 190.22M 64.64M 216.52M
Issuance of capital stock - - - - -
Depreciation 25.78M 38.80M 32.82M 27.26M 19.44M
Other cashflows from investing activities - -24.04600M -37.05700M -9.99700M -106.74400M
Dividends paid 98.01M 93.73M 62.74M 60.84M 53.27M
Change to inventory - - - - -
Change to account receivables - - - - -
Sale purchase of stock -190.05200M -141.03000M 2.02M -92.76200M -1.46300M
Other cashflows from financing activities 1196.37M -1175.68000M 1484.54M 1707.26M -163.58200M
Change to netincome - -23.15500M -29.52200M -56.53100M 51.35M
Capital expenditures 16.01M 22.07M 25.20M 12.59M 16.58M
Change receivables - - - - -
Cash flows other operating - - - - -
Exchange rate changes - - - - -
Cash and cash equivalents changes - - 944.05M 1145.66M -99.48100M
Change in working capital 2.89M 141.74M 65.93M -93.97300M 38.69M
Stock based compensation 6.38M 4.46M 4.31M 4.12M 4.40M
Other non cash items 4.28M -26.36500M -36.92100M 23.56M -21.77900M
Free cash flow 265.56M 399.13M 165.02M 52.05M 199.94M

Peer Comparison

Sector: Financial Services Industry: Banks - Regional

Company Change (USD) Price (USD) Trailing PE (x) Forward PE (x) Price Sales TTM (x) Price to Book Value (x)
INDB
Independent Bank		 -0.11 0.14% 76.45 9.83 10.91 2.92 0.71
HDB
HDFC Bank Limited ADR		 -0.24 0.81% 29.48 20.81 20.96 0.11 4.77
CIHKY
China Merchants Bank Co Ltd		 0.02 0.06% 31.67 6.61 5.68 0.48 0.77 3.43
IBN
ICICI Bank Limited		 0.04 0.14% 28.06 17.79 16.95 0.07 3.08
BNPQY
BNP Paribas SA ADR		 0.20 0.39% 50.96 8.57 6.56 1.75 0.57

Reports Covered

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Profile

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.

Independent Bank

288 Union Street, Rockland, MA, United States, 02370

Key Executives

Name Title Year Born
Mr. Christopher Oddleifson CEO, Pres & Director 1959
Mr. Mark J. Ruggiero Chief Accounting Officer & CFO 1977
Mr. Robert D. Cozzone Exec. VP & COO 1971
Mr. Edward H. Seksay Esq. Exec. VP & Gen. Counsel 1958
Mr. Barry H. Jensen Exec. VP and Chief Technology & Operations Officer 1965
Ms. Meagan Silva Exec. Assistant NA
Ms. Debra Smith Sr. VP & Director of Banking & Digital Operations - Rockland Trust Company NA
Mr. David Byron Smith C.F.A., CFA MD & Chief Investment Officer of Investment Management Group - Rockland Trust Company NA
Ms. Maria S. Harris Sr. VP & Director of HR of Rockland Trust 1971
Ms. Dawn A. Mugford Chief Risk Officer NA

Disclaimer - This information, including any data, is sourced from Unicorn Data Services SAS, trading as EOD Historical Data (“EODHD”) on an ‘as is’ basis, using their API. We cannot guarantee the completeness or validity of the information and data provided on this page, as well as via the API. In some cases, the data may include analyst ratings or recommendations sourced through the EODHD API, which are intended solely for general information purposes.
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