Gross-Profit-to-Asset % is calculated as Gross Profit divided by its average Total Assets over a certain period of time. Independent Bank's annualizedGross Profit for the quarter that ended in Dec. 2024 was $699.7 Mil.
Independent Bank's average Total Assets over the quarter that ended in Dec. 2024 was $19,390.8 Mil. Therefore, Independent Bank's annualized Gross-Profit-to-Asset % for the quarter that ended in Dec. 2024 was 3.61%.
Independent Bank Gross-Profit-to-Asset % Historical Data
The historical data trend for Independent Bank's Gross-Profit-to-Asset % 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 Gross-Profit-to-Asset %
For the Banks - Regional subindustry, Independent Bank's Gross-Profit-to-Asset %, along with its competitors' market caps and Gross-Profit-to-Asset % 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 Gross-Profit-to-Asset % Distribution in the Banks Industry
For the Banks industry and Financial Services sector, Independent Bank's Gross-Profit-to-Asset % distribution charts can be found below:
* The bar in red indicates where Independent Bank's Gross-Profit-to-Asset % falls into.
* 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.
In the calculation of annual Gross-Profit-to-Asset %, the Gross Profit of the last fiscal year and the average total assets over the fiscal year are used. In calculating the quarterly data,
the Gross Profit data used here is four times the quarterly (Dec. 2024) data.
Gross-Profit-to-Asset % is displayed in the 30-year financial page.
Independent Bank Gross-Profit-to-Asset % Related Terms
Thank you for viewing the detailed overview of Independent Bank's Gross-Profit-to-Asset % provided by GuruFocus.com. Please click on the following links to see related term pages.
Independent Bank Corp 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 provides a variety of banking, investment and financial services, operating with various retail branches, as well as a network of commercial and residential lending centers and investment management offices majorly in Eastern Massachusetts, Worcester County, and Rhode Island. 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, majority 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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