Independent Bank Financials

INDB Stock  USD 63.07  0.97  1.51%   
Independent Bank may be sliding down financialy. It has an above-average probability of going through some form of financial hardship next quarter. At present, Independent Bank's Common Stock Shares Outstanding is projected to increase significantly based on the last few years of reporting. The current year's Total Assets is expected to grow to about 20.3 B, whereas Non Currrent Assets Other are projected to grow to (2.6 B). Key indicators impacting Independent Bank's financial strength include:
Current ValueLast YearChange From Last Year 10 Year Trend
Debt Equity Ratio0.220.2343
Notably Down
Slightly volatile
Current Ratio0.02320.0244
Notably Down
Slightly volatile
The financial analysis of Independent Bank is a critical element in measuring its lifeblood. Investors should not minimize Independent Bank's ability to pay suppliers or employees on time, ensuring interest payments are not accumulating.

Net Income

201.69 Million

  
Understanding current and past Independent Bank Financials, including the trends in assets, liabilities, equity and income are directly related to making proper and timely investing decisions. All of Independent Bank's financial statements are interrelated, with each one affecting the others. For example, an increase in Independent Bank's assets may result in an increase in income on the income statement.
Please note, the presentation of Independent Bank's financial position, as portrayed in its financial statements, is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, Independent Bank's management is honest, while the outside auditors are strict and uncompromising. Please utilize our Beneish M Score to check the likelihood of Independent Bank's management manipulating its earnings.

Independent Bank Stock Summary

Independent Bank competes with Capitol Federal, BankFinancial, Business First, First Bancorp, and Community West. 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. The company was founded in 1907 and is headquartered in Rockland, Massachusetts. Independent operates under BanksRegional classification in the United States and is traded on NASDAQ Exchange. It employs 1691 people.
Specialization
Financial Services, Banks - Regional
InstrumentUSA Stock View All
ExchangeNASDAQ Exchange
ISINUS4538361084
CUSIP453836108
LocationMassachusetts; U.S.A
Business Address288 Union Street,
SectorBanks
IndustryFinancials
BenchmarkDow Jones Industrial
Websitewww.rocklandtrust.com
Phone(781) 878 6100
CurrencyUSD - US Dollar

Independent Bank Key Financial Ratios

Independent Bank Key Balance Sheet Accounts

202020212022202320242025 (projected)
Total Assets13.2B20.4B19.3B19.3B19.4B20.3B
Net Debt(1.1B)(2.1B)(239.6M)994.0M481.5M505.6M
Retained Earnings716.0M766.7M934.4M1.1B1.2B1.2B
Cash1.3B2.2B352.9M224.3M187.8M252.5M
Other Assets9.7B12.7B13.2B18.3M18.0B18.9B
Total Liab181.1M152.4M16.4B16.5B16.4B17.2B
Total Current Assets1.7B3.8B1.8B224.3M187.8M178.5M
Other Current Liab6.8B10.3B(13.7M)9.4B10.9B11.4B
Short Term Debt51.1M41.3M13.7M1.1B1.3B1.4B
Common Stock328K472K455K427K423K269.0K
Other Liab124.3M327.4M335.5M207.7M238.9M250.8M
Accounts Payable9.1B11.0B16.9B15.9B18.3B19.2B
Long Term Debt181.1M152.4M113.4M1.2B701.4M736.4M
Other Current Assets1.3B2.3B370.1M242.6M279.0M265.1M
Intangible Assets23.1M32.8M25.1M18.2M12.3M17.3M
Net Tangible Assets1.2B1.2B2.0B1.9B2.2B2.3B
Capital Surpluse527.6M1.0B945.6M2.2B2.6B2.7B

Independent Bank Key Income Statement Accounts

202020212022202320242025 (projected)
Interest Expense34.3M13.7M29.6M189.2M291.0M305.6M
Operating Income152.8M156.7M338.5M315.1M(579.0M)(550.1M)
Ebit155.4M171.3M360.5M315.1M362.4M380.5M
Ebitda174.4M189.5M386.6M315.1M362.4M380.5M
Net Income121.2M121.0M263.8M239.5M192.1M201.7M
Income Tax Expense31.7M35.7M83.9M75.6M55.0M57.8M
Total Revenue477.5M507.4M727.9M795.7M852.8M895.4M
Gross Profit477.5M507.4M727.9M795.7M852.8M895.4M
Income Before Tax152.8M156.7M347.8M315.1M247.1M259.5M
Tax Provision31.7M35.7M83.9M75.6M55.0M52.7M
Net Interest Income367.7M401.6M613.2M606.5M561.7M433.8M
Interest Income402.1M415.3M642.8M795.7M852.8M510.3M

Independent Bank Key Cash Accounts

202020212022202320242025 (projected)
Change In Cash1.1B944.0M(1.9B)(128.6M)(4.4M)(4.2M)
Free Cash Flow52.1M165.0M399.1M261.2M229.9M241.4M
Depreciation27.3M32.8M38.8M25.8M40.9M42.9M
Other Non Cash Items23.6M(36.9M)(26.4M)4.3M11.2M11.7M
Capital Expenditures12.6M25.2M22.1M15.8M20.4M21.5M
Net Income121.2M121.0M263.8M239.5M192.1M201.7M
End Period Cash Flow1.3B2.2B352.9M224.3M219.9M275.5M
Dividends Paid60.8M62.7M93.7M98.0M96.2M101.0M
Investments(465.6M)(1.5B)(1.0B)(211.7M)(33.0M)(34.7M)
Net Borrowings(42.4M)(87.2M)(604.8M)(39.1M)(35.2M)(36.9M)
Change To Netincome51.3M(56.5M)(29.5M)(23.2M)(20.8M)(19.8M)

Independent Financial Ratios Relationships

Comparative valuation techniques use various fundamental indicators to help in determining Independent Bank's current stock value. Our valuation model uses many indicators to compare Independent Bank value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Independent Bank competition to find correlations between indicators driving Independent Bank's intrinsic value. More Info.
Independent Bank is rated below average in return on equity category among its peers. It is rated fifth overall in return on asset category among its peers reporting about  0.15  of Return On Asset per Return On Equity. The ratio of Return On Equity to Return On Asset for Independent Bank is roughly  6.59 . At present, Independent Bank's Return On Equity is projected to increase slightly based on the last few years of reporting. The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the Independent Bank's earnings, one of the primary drivers of an investment's value.

Independent Bank Systematic Risk

Independent Bank's systematic risk plays a vital role in portfolio allocation when considering its stock to be added to a well-diversified portfolio. Independent Bank volatility which cannot be eliminated through diversification, requires returns over the risk-free rate. Over the long run, a well-diversified portfolio provides returns that match its exposure to systematic risk. In this case, investors face a trade-off between expected returns and systematic risk and, therefore, can only reduce a portfolio's exposure to systematic risk by sacrificing expected returns on the portfolio.
The output start index for this execution was twenty with a total number of output elements of fourty-one. The Beta measures systematic risk based on how returns on Independent Bank correlated with the market. If Beta is less than 0 Independent Bank generally moves in the opposite direction as compared to the market. If Independent Bank Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one Independent Bank is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of Independent Bank is generally in the same direction as the market. If Beta > 1 Independent Bank moves generally in the same direction as, but more than the movement of the benchmark.
Today, most investors in Independent Bank Stock are looking for potential investment opportunities by analyzing not only static indicators but also various Independent Bank's growth ratios. Consistent increases or decreases in fundamental ratios usually indicate a possible pattern that can be successfully translated into profits. However, when comparing two companies, knowing each company's growth growth rates may not be enough to decide which company is a better investment. That's why investors frequently use static breakdown of Independent Bank growth as a starting point in their analysis.

Price Earnings To Growth Ratio

(0.81)

At present, Independent Bank's Price Earnings To Growth Ratio is projected to drop based on the last few years of reporting.

Independent Bank March 21, 2025 Opportunity Range

Along with financial statement analysis, the daily predictive indicators of Independent Bank help investors to analyze its daily demand and supply, volume, patterns, and price swings to determine the real value of Independent Bank. We use our internally-developed statistical techniques to arrive at the intrinsic value of Independent Bank based on widely used predictive technical indicators. In general, we focus on analyzing Independent Stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Independent Bank's daily price indicators and compare them against related drivers.

Complementary Tools for Independent Stock analysis

When running Independent Bank's price analysis, check to measure Independent Bank's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Independent Bank is operating at the current time. Most of Independent Bank's value examination focuses on studying past and present price action to predict the probability of Independent Bank's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Independent Bank's price. Additionally, you may evaluate how the addition of Independent Bank to your portfolios can decrease your overall portfolio volatility.
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