INDEPENDENT BANK (INDB)

Financials - BANKS & THRIFTS - BANKS-NORTHEAST

Most Recent Earnings Call Export to PDF

Company Description

Independent Bank Corp. is a bank holding company for Rockland Trust Company. They are a community-oriented commercial bank. The community banking business consists of commercial banking, retail banking and trust services and is managed as a single strategic unit. The community banking business derives its revenues from a wide range of banking services, including lending activities, acceptance of demand, savings and time deposits, trust and investment management, and mortgage servicing income from investors.

Latest Price
$61.35
52 Week Range
$45.11
$77.23
Prior Close Open
$61.35
Day Range
Volume
Avg Volume
252,419
Annual Div.
$2.36
Div. Yield
3.85%
Mkt Cap ($Mil)
2,615
Beta
0.84
Zack Rank - Sell
 
 
 
4
 
Zacks Recommendation
Neutral
Sector Rank
Top 32% (5 out of 16)
Sub-Industry Rank
Top 31% (75 out of 246)
Style Scores
Value:
D
Growth:
F
Momentum:
C
VGM:
F
Total Return
INDB
SP 500
% Total Return MTD
0.36%
1.15%
% Total Return QTD
-1.48%
6.59%
% Total Return YTD
-2.93%
2.04%
% Total Return 1 Year
26.05%
14.48%
% Total Return 3 Year
-17.94%
49.48%
% Total Return 5 Year
3.89%
107.00%
Volume
Avg Daily Volume
252,419
Shares Outstanding (Millions)
42.61
Avg Volume / Shares Out
0.59%

Broker Recommendation

Broker Rating (Avg)
2.0
Upgrades (4 weeks)
Downgrades (4 weeks)
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Target Price
Price Target (mean)
$ 74.5
Target Up/Down Potential
21.43%
Holders
Held by Insiders
0.8%
View Insiders Details ...
Held by Institutions
83.4%
Zacks Institutional Transaction Rank
4.0
View Institutional Holdings ...
Insider Trading Stats
Net % Chg Holdings‐ Last 12 wks
# of Inside Buyers ‐ Last 12 wks
# of Inside Sellers ‐ Last 12 wks
Zacks Insider Rank
4
Price and Earnings Chart
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Time

Symbol

Wire

 Headline
06/04/2025 06:04:02 INDB
GuruFocus
Independent Bank Corp (INDB) Announces Regulatory Approval for Acquisition of Enterprise ...
06/04/2025 04:54:14 8K INDB
TipRanks
Independent Bank Receives Approval for Enterprise Acquisition
06/04/2025 04:31:02 INDB
GuruFocus
Independent Bank Corp. and Enterprise Bancorp, Inc. ...
06/03/2025 03:35:18 8K INDB
TipRanks
Independent Bank Announces Acquisition of Enterprise Bancorp
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Dividends

Annualized Div Growth - 3 Years
4.98%
Annualized Div Growth - 5 Years
5.74%

 

# of Dividend Increases - 3 Years
3
# of Dividend Increases - 5 Years
5

 

Last Dividend Amount
$0.59

 

Next Dividend Amount
$0.59
Next Dividend Ex-Date
03/31/2025

 

Zacks Earnings & Dividend Score

4

Actuals

Earnings Per Share
Actual
Y/Y %
Last Quarter (03/2025)
1.06
-5.4%
Prior Quarter (12/2024)
1.21
-4.0%
Last Year (12/2024)
4.55
-16.1%
Prior Year (12/2023)
5.42
-6.6%
Sales
Last Quarter (03/2025)
178
6.4%
Prior Quarter (12/2024)
177
-0.2%
Last Year (12/2024)
981
6.6%
Prior Year (12/2023)
920
21.5%
Long Term Growth Rate
EPS ‐ 5 Year
3.9%
Sales ‐ 5 Year
19.2%

Estimates

Earnings Per Share
Estimate
Y/Y %
Current Quarter (06/2025)
1.21
-0.3%
Next Quarter (09/2025)
1.31
29.4%
Current Year (12/2025)
5.14
13.0%
Next Year (12/2026)
6.49
26.3%
Sales
Current Quarter (06/2025)
180
5.6%
Next Quarter (09/2025)
183
4.3%
Current Year (12/2025)
735
6.6%
Next Year (12/2026)
792
7.7%
Long Term Growth Rate
EPS ‐ 3 to 5 Year Estimate
EPS ‐ 3 to 5 Year ‐ 1StDev
Key Ratio Data
Valuation
INDB
5yr Med
Price / Earnings (F12M)
10.7
13.6
PEG Ratio (F12M)
6.0
Price / Book Value (TTM)
0.9
1.2
Margins (TTM)
Gross Margin
74.5%
94.0%
Net Margin ‐ BNRI
19.3%
28.1%
Leverage
Long Term Debt/Equity
28.3%
17.6%
Total Debt / Capital
22.1%
15.0%
Assets to Equity
664.5%
679.7%
Return
Return on Equity
6.4%
8.6%
Return on Assets
1.0%
1.2%
Return on Capital
5.1%
7.3%