NAS:INDB (USA)

Independent Bank Corp

$ 72.7 0.03 (0.04%)
Volume: 62,683 Avg Vol (1m): 122,496
Market Cap $: 2.49 Bil Enterprise Value $: 2.07 Bil
P/E (TTM): 15.61 P/B: 1.88
Earnings Power Value 11.56
Net Current Asset Value 0
Tangible Book 29.62
Projected FCF 66.94
Median P/S Value 49.16
Graham Number 55.67
Peter Lynch Value 0
DCF (FCF Based) 0
DCF (Earnings Based) 0
1Y (-%)

Financial Strength : 3.6/10

GuruFocus Financial Strength Rank measures how strong a company's financial situation is . It is based on these factors
1. The debt burden that the company has as measured by its Interest coverage (current year).
2. Debt to revenue ratio. The lower, the better
3. Altman Z-score.
A company ranks high with financial strength is likely to withstand any business slowdowns and recessions.
Current vs industry vs history
Cash-to-Debt 0.95
Cash-To-Debt range over the past 10 years
Min: 0.1, Med: 0.54, Max: 10.24
Current: 0.95
0.1
10.24
Equity-to-Asset 0.12
Equity-to-Asset range over the past 10 years
Min: 0.04, Med: 0.07, Max: 0.12
Current: 0.12
0.04
0.12
Debt-to-Equity 0.28
Debt-to-Equity range over the past 10 years
Min: 0.08, Med: 0.95, Max: 3.56
Current: 0.28
0.08
3.56
Debt-to-EBITDA 0.77
Debt-to-EBITDA range over the past 10 years
Min: 0, Med: 0, Max: 0.77
Current: 0.77
0
0.77
Beneish M-Score -2.57
Not Manipulator
Manipulator
WACC vs ROIC %
ROIC 0%
WACC 9.78%

Profitability & Growth : 4/10

GuruFocus Profitability Rank ranks how profitable a company is and how likely the company's business will stay that way.
Current vs industry vs history
Net Margin % 32.34
Net Margin range over the past 10 years
Min: 12.26, Med: 21.73, Max: 32.34
Current: 32.34
12.26
32.34
ROE % 12.65
ROE range over the past 10 years
Min: 4.82, Med: 9.43, Max: 12.65
Current: 12.65
4.82
12.65
ROA % 1.51
ROA range over the past 10 years
Min: 0.57, Med: 0.95, Max: 1.51
Current: 1.51
0.57
1.51
3-Year Total Revenue Growth Rate 10.10
3-Year Revenue Growth Rate range over the past 10 years
Min: -38.8, Med: 3.2, Max: 70.7
Current: 7.8
-38.8
70.7
3-Year EPS w/o NRI Growth Rate 20.70
3-Year EPS w/o NRI Growth Rate range over the past 10 years
Min: 0, Med: 10, Max: 187.1
Current: 20.7
0
187.1

» INDB's 30-Y Financials

Financials (Next Earnings Date: 2019-07-25)

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Business Description

Industry Banks » Banks    NAICS : 522110    SIC : 6022
Compare NAS:SSB NAS:FIBK NAS:COLB NYSE:CADE NAS:IBOC NAS:FULT NAS:IBTX NYSE:FBP NAS:FFBC NAS:ONB NAS:CATY NYSE:BXS NAS:AUB NAS:FMBI NAS:CHFC NAS:CVBF NAS:UCBI NAS:SFNC NAS:CSFL NAS:WSFS
Traded in other countries
Address 2036 Washington Street, Hanover, MA, USA, 02370
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.

Ratios

Current vs industry vs history
PE Ratio (TTM) 15.61
PE Ratio range over the past 10 years
Min: 8.26, Med: 17, Max: 37.23
Current: 15.61
8.26
37.23
Forward PE Ratio 14.10
N/A
PE Ratio without NRI 15.61
PE without NRI range over the past 10 years
Min: 8.26, Med: 17, Max: 37.23
Current: 15.61
8.26
37.23
Price-to-Owner-Earnings 15.56
Price-to-Owner-Earnings range over the past 10 years
Min: 6.19, Med: 16.36, Max: 421.77
Current: 15.56
6.19
421.77
PB Ratio 1.88
PB Ratio range over the past 10 years
Min: 0.61, Med: 1.47, Max: 2.57
Current: 1.88
0.61
2.57
PS Ratio 5.04
PS Ratio range over the past 10 years
Min: 1.24, Med: 3.42, Max: 7
Current: 5.04
1.24
7
Price-to-Free-Cash-Flow 15.54
Price-to-Free-Cash-Flow range over the past 10 years
Min: 6.1, Med: 15.87, Max: 42.61
Current: 15.54
6.1
42.61
Price-to-Operating-Cash-Flow 14.24
Price-to-Operating-Cash-Flow range over the past 10 years
Min: 5.7, Med: 13.54, Max: 59.73
Current: 14.24
5.7
59.73
EV-to-Revenue 5.14
EV-to-Revenue range over the past 10 years
Min: 1.6, Med: 3.4, Max: 6.3
Current: 5.14
1.6
6.3
Shiller PE Ratio 26.59
Shiller PE Ratio range over the past 10 years
Min: 6.08, Med: 17.42, Max: 36.73
Current: 26.59
6.08
36.73

Dividend & Buy Back

Current vs industry vs history
Dividend Yield % 2.24
Trailing Dividend Yield range over the past 10 years
Min: 1.54, Med: 2.43, Max: 6.23
Current: 2.24
1.54
6.23
Dividend Payout Ratio 0.34
Dividend Payout Ratio range over the past 10 years
Min: 0.34, Med: 0.4, Max: 0.82
Current: 0.34
0.34
0.82
3-Year Dividend Growth Rate (Per Share) 13.50
3-Year Dividend Growth Rate range over the past 10 years
Min: 0, Med: 6.9, Max: 62
Current: 13.5
0
62
Forward Dividend Yield % 2.42
N/A
Yield-on-Cost (5-Year) % 3.81
Yield-on-Cost (5y) range over the past 10 years
Min: 2.62, Med: 4.13, Max: 10.59
Current: 3.81
2.62
10.59
3-Year Share Buyback Rate -2.30
3-Year Share Buyback Rate range over the past 10 years
Min: -40.4, Med: -2.8, Max: 5.9
Current: -2.3
-40.4
5.9

Valuation & Return

Current vs industry vs history
Price-to-Tangible-Book 2.45
Price-to-Tangible-Book range over the past 10 years
Min: 0.16, Med: 2.19, Max: 4.81
Current: 2.45
0.16
4.81
Price-to-Projected-FCF 1.09
Price-to-Intrinsic-Value-Projected-FCF range over the past 10 years
Min: 0.25, Med: 0.92, Max: 1.33
Current: 1.09
0.25
1.33
Price-to-Median-PS-Value 1.48
Price-to-Median-PS-Value range over the past 10 years
Min: 0.08, Med: 0.85, Max: 5.81
Current: 1.48
0.08
5.81
Price-to-Graham-Number 1.31
Price-to-Graham-Number range over the past 10 years
Min: 0.7, Med: 1.25, Max: 2.15
Current: 1.31
0.7
2.15

More Statistics

Revenue (TTM) (Mil) $ 399.77
EPS (TTM) $ 4.65
Beta 1.31
Volatility % 32.45
52-Week Range $ 66.12 - 95
Shares Outstanding (Mil) 34.31

Analyst Estimate

Piotroski F-Score Details