Independent Bank (Independent Bank) FCF Margin %

: 26.99% (As of Dec. 2023)

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FCF Margin % is calculated as Free Cash Flow divided by its Revenue. Independent Bank's Free Cash Flow for the three months ended in Dec. 2023 was $47.2 Mil. Independent Bank's Revenue for the three months ended in Dec. 2023 was $174.9 Mil. Therefore, Independent Bank's FCF Margin % for the quarter that ended in Dec. 2023 was 26.99%.

As of today, Independent Bank's current FCF Yield % is 12.17%.

The historical rank and industry rank for Independent Bank's FCF Margin % or its related term are showing as below:

INDB' s FCF Margin % Range Over the Past 10 Years
Min: 11 Med: 32.07 Max: 55.42
Current: 36.16

During the past 13 years, the highest FCF Margin % of Independent Bank was 55.42%. The lowest was 11.00%. And the median was 32.07%.

INDB's FCF Margin % is ranked better than
62.65% of 1427 companies
in the Banks industry
Industry Median: 27.09 vs INDB: 36.16

Independent Bank FCF Margin % Historical Data

The historical data trend for Independent Bank's FCF Margin % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Independent Bank Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

FCF Margin %

39.77

11.00

32.86

55.42

36.16

Independent Bank Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
FCF Margin %																56.05	25.53	48.78	43.27	26.99

Competitive Comparison

For the Banks - Regional subindustry, Independent Bank's FCF Margin %, along with its competitors' market caps and FCF Margin % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Independent Bank FCF Margin % Distribution

For the Banks industry and Financial Services sector, Independent Bank's FCF Margin % distribution charts can be found below:

* The bar in red indicates where Independent Bank's FCF Margin % falls into.

Independent Bank FCF Margin % Calculation

FCF margin is the ratio of Free Cash Flow divided by net sales or Revenue, usually presented in percent.

Independent Bank's FCF Margin for the fiscal year that ended in Dec. 2023 is calculated as

FCF Margin	=	Free Cash Flow (A: Dec. 2023 )	/	Revenue (A: Dec. 2023 )
	=	261.15	/	722.127
	=	36.16 %

Independent Bank's FCF Margin for the quarter that ended in Dec. 2023 is calculated as

FCF Margin	=	Free Cash Flow (Q: Dec. 2023 )	/	Revenue (Q: Dec. 2023 )
	=	47.202	/	174.868
	=	26.99 %

Independent Bank FCF Margin % Related Terms

Thank you for viewing the detailed overview of Independent Bank's FCF Margin % provided by GuruFocus.com. Please click on the following links to see related term pages.

Independent Bank (Independent Bank) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Independent Bank Corp (NAS:INDB) » Definitions » FCF Margin %

Comparable Companies

Traded in Other Exchanges

N/A

Address

2036 Washington Street, Hanover, MA, USA, 02339

Website

https://www.rocklandtrust.com

Independent Bank is a bank holding company and the sole shareholder of its bank, the Rockland Trust Company. Rockland is a community-oriented commercial bank. The bank's revenue is derived from a wide array of banking services, including lending activities, acceptance of demand, savings, and time deposits, and investment management. Rockland has historically relied heavily on both organic growth and select merger and acquisition activity to drive growth. The bank's loan portfolio constitutes the bulk of the bank's total assets. Its borrowers consist mostly of small to medium-size businesses and consumers, most of which are made to its market area in eastern Massachusetts and Rhode Island. The bank's loan portfolio is predominantly in commercial loans.

Executives

John J Morrissey	director	C/O INDEPENDENT BANK CORP., 288 UNION STREET, ROCKLAND MA 02370
Jeffrey J Tengel	director, officer: Chief Executive Officer	1900 EAST NINTH STREET, CLEVELAND OH 44114
Lee C Powlus	officer: Chief Tech & Operations Off.	850 MAIN STREET, BRIDGEPORT CT 06604
Patricia M Natale	officer: General Counsel
Barry H Jensen	officer: Chief Information Officer	INDEPENDENT BANK CORP., 288 UNION STREET, ROCKLAND MA 02370
Mark J Ruggiero	officer: Principal Accounting Officer	C/O INDEPENDENT BANK CORP., 288 UNION STREET, ROCKLAND MA 02370
Scott Smith	director	320 NORWOOD PARK SOUTH, NORWOOD MA 02062
Maureen A. Gaffney	officer: Principal Accounting Officer	C/O INDEPENDENT BANK CORP., 288 UNION STREET, ROCKLAND MA 02370
Christopher Oddleifson	director, officer: President and CEO
Eileen C Miskell	director	C/O INDEPENDENT BANK CORP, 288 UNION STREET, ROCKLAND MA 02370
Edward H Seksay	officer: General Counsel	C/O INDEPENDENT BANK CORP, 288 UNION STREET, ROCKLAND MA 02370
Robert D Cozzone	officer: CFO and Treasurer	C/O INDEPENDENT BANK CORP., 288 UNION STREET, ROCKLAND MA 02370
Dawn Mugford	officer: Chief Risk Officer	C/O INDEPENDENT BANK CORP., 288 UNION STREET, ROCKLAND MA 02370
Donna L Abelli	director	INDEPENDENT BANK CORP., 288 UNION STREET, ROCKLAND MA 02370
Gerard F Nadeau	officer: Executive Vice President	C/O INDEPENDENT BANK CORP., 288 UNION STREET, ROCKLAND MA 02370