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Independent BankFRA:60O -1.37%64 Pretax Margin % is 41.27% as of Mar. 2026, which is 8% above its 10-year median of 38.12. GuruFocus rates FRA:60O with a GF Score™ of 64/100 and a GF Value™ of €66.72. The stock has 6 warning signs investors should review. Among 1,526 Banks companies, Independent Bank ranks worse than 51.11% on this metric.
Independent Bank (FRA:60O) Pretax Margin % Explanation
The pretax margin, as know as pretax profit margin, is widely used to measure the operating efficiency of a company before deducting taxes.
The pretax margin is sometimes preferred over the net margin as tax expenditures can make profitability comparisons between companies misleading.
It is a useful tool to compare companies operating in the same sector and less effective when comparing companies from other sectors as each industry generally has different operating expenses and sales patterns.
The long term trend of the pretax margin is a good indicator of the competitiveness and health of the business.
Independent Bank Pretax Margin % Related Terms
Independent Bank Pretax Margin % Historical Data
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The historical data trend for Independent Bank's Pretax 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.
FRA:60O vs RNST, WSFS, CVBF: Pretax Margin % Comparison
For the Banks - Regional subindustry, Independent Bank's Pretax Margin %, along with its competitors' market caps and Pretax 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 Pretax Margin % vs Banks Industry
For the Banks industry and Financial Services sector, Independent Bank's Pretax Margin % distribution charts can be found below:
* The bar in red indicates where Independent Bank's Pretax Margin % 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.
Independent Bank (FRA:60O) has a Pretax Margin % of 41.27% as of Mar. 2026. Pre-Tax margin is the ratio of total pre-tax income to net sales. View historical data on Independent Bank and its competitors. This is near median its historical median of 38.12. Over the past decade, Independent Bank's Pretax Margin % has ranged from 30.88 to 48.28. According to the industry distribution chart, Independent Bank ranks #780 out of 1526 companies in the Banks industry, placing it in the top 51.1%.
Is Independent Bank's Pretax Margin % too high?
Independent Bank's current Pretax Margin % of 41.27% is near median its 10-year median of 38.12. Over the past 10 years, this metric has ranged from a low of 30.88 to a high of 48.28. The Banks industry median Pretax Margin % is 35.51. Independent Bank's value of 41.27% is 16.2% above this industry median. Based on the distribution chart, Independent Bank ranks #780 out of 1526 companies in the Banks industry, which is below the industry midpoint. Overall, Independent Bank has a GF Score™ of 64/100, reflecting its overall financial health beyond just this single metric.
How does Independent Bank's Pretax Margin % compare to RNST and WSFS?
According to the Banks industry distribution chart, Independent Bank ranks #780 out of 1526 companies for Pretax Margin %. This places Independent Bank in the lower half of its industry. The industry median Pretax Margin % is 35.51. Independent Bank's value of 41.27% is 16.2% above this benchmark. Historically, Independent Bank's own Pretax Margin % has ranged from 30.88 to 48.28 over the past decade. While the company's 10-year median is 38.12 vs. the industry median of 35.51, Independent Bank has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Pretax Margin % for a Banks company?
The median Pretax Margin % among Banks companies is 35.51, based on 1,526 companies in the industry. Companies in the top quartile (top 25%) have a Pretax Margin % significantly above this median, while those in the bottom quartile fall well below. However, Pretax Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Independent Bank's current Pretax Margin % of 41.27% is 16.2% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Pretax Margin % mean?
A high Pretax Margin % can signal that a stock is expensive relative to its fundamentals. Pre-Tax margin is the ratio of total pre-tax income to net sales. View historical data on Independent Bank and its competitors. For the Banks industry, the median Pretax Margin % is 35.51 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Independent Bank's current Pretax Margin % is 41.27%, which is near median its own 10-year median of 38.12. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Independent Bank stock overvalued right now?
Independent Bank (FRA:60O) has a current Pretax Margin % of 41.27%. The stock's GF Value™ is €66.72, compared to a current price of €72.00 — trading 7.9% above its estimated fair value. The current Pretax Margin % is 41.27%, which is near median its 10-year median of 38.12 and 16.2% above the Banks industry median of 35.51. Independent Bank's overall GF Score™ is 64/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Pretax Margin % calculated?
Pretax Margin % is calculated from a company's financial statements. For Independent Bank (FRA:60O), the current Pretax Margin % is 41.27% as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Independent Bank (FRA:60O) Overvalued in 2026?
Based on GuruFocus' analysis, Independent Bank stock appears to be overvalued.
The current stock price of €72.00 is trading 7.9% above its estimated GF Value™ of €66.72.
Key valuation signals for FRA:60O:
Pretax Margin %: 41.27% (near median its 10-year median of 38.12)
GF Value™: €66.72 vs. price of €72.00 (7.9% above fair value)
Industry Position: 16.2% above the Banks median (#780 of 1526)
No single metric tells the full story. See the FRA:60O stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
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.
64GF Score
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