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XNAS
INDB
Market cap3.31bUSD
Jul 25, Last price  
66.24USD
1D
-0.60%
1Q
14.13%
Jan 2017
-5.98%
Name

Independent Bank Corp (Massachusetts)

Chart & Performance

D1W1MN
No data to show
P/E
17.25
P/S
4.85
EPS
3.84
Div Yield, %
2.58%
Shrs. gr., 5y
5.29%
Rev. gr., 5y
6.08%
Revenues
683m
-14.15%
132,993,000129,299,000128,234,000145,546,000188,886,000210,867,000219,779,000234,808,000249,824,000264,863,000289,593,000310,240,000341,838,000386,670,000508,429,000477,451,000507,409,000727,916,000795,726,000683,113,000
Net income
192m
-19.80%
33,205,00032,851,00028,381,00023,964,00022,989,00040,240,00045,436,00042,627,00050,254,00059,845,00064,960,00076,648,00087,204,000121,622,000165,175,000121,167,000120,992,000263,813,000239,502,000192,081,000
CFO
230m
-16.99%
45,779,00033,349,00037,631,00022,098,00037,515,00046,653,00055,531,00041,684,000141,335,00084,739,00089,543,00093,336,000130,909,000141,837,000216,522,00064,636,000190,220,000421,200,000276,994,000229,921,000
Dividend
Sep 30, 20240.57 USD/sh

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 primarily in Massachusetts. The company accepts interest checking, money market, and savings accounts, as well as demand deposits and time certificates of deposit. It also offers commercial and industrial, commercial real estate and construction, small business, consumer real estate, and personal loans. In addition, the company 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 of December 31, 2021, it operates one hundred nineteen retail branches, two limited-service retail branches, and one mobile branch located within Barnstable, Bristol, Dukes, Essex, Middlesex, Nantucket, Norfolk, Plymouth, Suffolk, and Worcester counties in Eastern Massachusetts. The company was founded in 1907 and is headquartered in Rockland, Massachusetts.
IPO date
Sep 16, 1974
Employees
1,739
Domiciled in
US
Incorporated in
US

Valuation

Title
USD in thousands, except ratios and share amounts
FYFYFYFYFYFYFYFYFYFY
2024‑122023‑122022‑122021‑122020‑122019‑122018‑122017‑122016‑122015‑12
Income
Revenues
683,113
-14.15%
795,726
9.32%
727,916
43.46%
Cost of revenue
74,905
234,088
211,662
Unusual Expense (Income)
NOPBT
608,208
561,638
516,254
NOPBT Margin
89.03%
70.58%
70.92%
Operating Taxes
55,046
75,632
83,941
Tax Rate
9.05%
13.47%
16.26%
NOPAT
553,162
486,006
432,313
Net income
192,081
-19.80%
239,502
-9.22%
263,813
118.04%
Dividends
(96,200)
(98,006)
(93,734)
Dividend yield
3.53%
3.37%
2.39%
Proceeds from repurchase of equity
(190,052)
(138,671)
BB yield
6.53%
3.54%
Debt
Debt current
1,118,961
13,712
Long-term debt
701,374
155,695
160,372
Deferred revenue
Other long-term liabilities
5,778,084
(113,377)
Net debt
(2,197,824)
899,237
(4,707,284)
Cash flow
Cash from operating activities
229,921
276,994
421,200
CAPEX
(16,006)
(22,072)
Cash from investing activities
(33,010)
(211,650)
(1,000,474)
Cash from financing activities
(201,351)
(193,947)
(1,308,477)
FCF
(8,610,377)
2,036,427
3,859,707
Balance
Cash
187,849
224,330
1,752,087
Long term investments
2,711,349
151,089
3,129,281
Excess cash
2,865,042
335,633
4,844,972
Stockholders' equity
1,086,523
966,386
771,813
Invested Capital
18,287,042
9,570,042
8,783,890
ROIC
3.97%
5.30%
4.75%
ROCE
3.14%
5.67%
5.40%
EV
Common stock shares outstanding
42,512
44,194
46,390
Price
64.19
-2.46%
65.81
-22.05%
84.43
3.56%
Market cap
2,728,833
-6.17%
2,908,377
-25.74%
3,916,707
37.70%
EV
531,009
3,807,614
(790,577)
EBITDA
649,097
587,416
555,053
EV/EBITDA
0.82
6.48
Interest
291,024
189,205
29,591
Interest/NOPBT
47.85%
33.69%
5.73%