Market cap is the total market value to buy the whole company. It is equal to the share price times the number of Shares Outstanding (EOP). Independent Bank's share price for the quarter that ended in Dec. 2023 was $65.81. Independent Bank's Shares Outstanding (EOP) for the quarter that ended in Dec. 2023 was 42.9 Mil. Therefore, Independent Bank's market cap for the quarter that ended in Dec. 2023 was $2,821.5 Mil.
Independent Bank's quarterly market cap
increased
from Jun. 2023 ($1,964.3 Mil) to Sep. 2023 ($2,166.9 Mil) and
increased
from Sep. 2023 ($2,166.9 Mil) to Dec. 2023 ($2,821.5 Mil).
Independent Bank's annual market cap
declined
from Dec. 2021 ($3,860.4 Mil) to Dec. 2022 ($3,853.5 Mil) and
declined
from Dec. 2022 ($3,853.5 Mil) to Dec. 2023 ($2,821.5 Mil).
Enterprise Value is the theoretical takeover price. It is more comprehensive than market capitalization (market cap), which only includes common equity. Enterprise Value is calculated as the market cap plus debt and minority interest and preferred shares, minus total cash and cash equivalents. Independent Bank's Enterprise Value for Today is $3,042.6 Mil.
Independent Bank Market Cap Historical Data
The historical data trend for Independent Bank's Market Cap 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.
Competitive Comparison of Independent Bank's Market Cap
For the Banks - Regional subindustry, Independent Bank's Market Cap, along with its competitors' market caps and Market Cap 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's Market Cap Distribution in the Banks Industry
For the Banks industry and Financial Services sector, Independent Bank's Market Cap distribution charts can be found below:
* The bar in red indicates where Independent Bank's Market Cap falls into.
Independent Bank Market Cap Calculation
Market cap is the short version of market capitalization. It is the total market value to buy the whole company. It is equal to the share price times the number of shares outstanding.
Independent Bank's Market Cap for the fiscal year that ended in Dec. 2023 is calculated as
* 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.
Independent Bank (NAS:INDB) Market Cap Explanation
Market cap is not the real price you pay for a company. If you buy the company and become its owner, you become the owner of the cash the company has, and you also assume the companys debt. The real price you pay is the Enterprise Value.
Warren Buffett uses the ratio of total market cap of all public traded companies over GDP to measure if the market is expensive. As of April 2012, the US total market cap is about $14.7 trillion, while the US GDP is about $15 trillion. The market was modestly overvalued.
Independent Bank Market Cap Related Terms
Thank you for viewing the detailed overview of Independent Bank's Market Cap provided by GuruFocus.com. Please click on the following links to see related term pages.
Independent Bank (Independent Bank) Business Description
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.
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