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XNASINDB
Market cap2.56bUSD
Jan 10, Last price  
60.31USD
1D
-3.27%
1Q
-0.07%
Jan 2017
-14.39%
Name

Independent Bank Corp (Massachusetts)

Chart & Performance

D1W1MN
XNAS:INDB chart
P/E
10.68
P/S
3.21
EPS
5.65
Div Yield, %
3.83%
Shrs. gr., 5y
9.83%
Rev. gr., 5y
15.53%
Revenues
796m
+9.32%
126,171,000132,993,000129,299,000128,234,000145,546,000188,886,000210,867,000219,779,000234,808,000249,824,000264,863,000289,593,000310,240,000341,838,000386,670,000508,429,000477,451,000507,409,000727,916,000795,726,000
Net income
240m
-9.22%
30,767,00033,205,00032,851,00028,381,00023,964,00022,989,00040,240,00045,436,00042,627,00050,254,00059,845,00064,960,00076,648,00087,204,000121,622,000165,175,000121,167,000120,992,000263,813,000239,502,000
CFO
277m
-34.24%
19,323,00045,779,00033,349,00037,631,00022,098,00037,515,00046,653,00055,531,00041,684,000141,335,00084,739,00089,543,00093,336,000130,909,000141,837,000216,522,00064,636,000190,220,000421,200,000276,994,000
Dividend
Sep 30, 20240.57 USD/sh
Earnings
Jan 16, 2025

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.
URL
https://www.independentbank.com/
IPO date
Sep 16, 1974
Employees
1,739
Domiciled in
US
Incorporated in
US

Valuation

Title
USD in thousands, except ratios and share amounts
FYFYFYFYFYFYFYFYFY
2023‑122022‑122021‑122020‑122019‑122018‑122017‑122016‑122015‑12
Income
Revenues
795,726
9.32%
727,916
43.46%
Cost of revenue
234,088
211,662
Unusual Expense (Income)
NOPBT
561,638
516,254
NOPBT Margin
70.58%
70.92%
Operating Taxes
75,632
83,941
Tax Rate
13.47%
16.26%
NOPAT
486,006
432,313
Net income
239,502
-9.22%
263,813
118.04%
Dividends
(98,006)
(93,734)
Dividend yield
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
155,695
160,372
Deferred revenue
Other long-term liabilities
5,778,084
(113,377)
Net debt
899,237
(4,707,284)
Cash flow
Cash from operating activities
276,994
421,200
CAPEX
(16,006)
(22,072)
Cash from investing activities
(211,650)
(1,000,474)
Cash from financing activities
(193,947)
(1,308,477)
FCF
2,036,427
3,859,707
Balance
Cash
224,330
1,752,087
Long term investments
151,089
3,129,281
Excess cash
335,633
4,844,972
Stockholders' equity
966,386
771,813
Invested Capital
9,570,042
8,783,890
ROIC
5.30%
4.75%
ROCE
5.67%
5.40%
EV
Common stock shares outstanding
44,194
46,390
Price
65.81
-22.05%
84.43
3.56%
Market cap
2,908,377
-25.74%
3,916,707
37.70%
EV
3,807,614
(790,577)
EBITDA
587,416
555,053
EV/EBITDA
6.48
Interest
189,205
29,591
Interest/NOPBT
33.69%
5.73%