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INDB

INDB - Independent Bank Corp-Rockland MA Stock Price, Fair Value and News

46.50USD-1.22 (-2.56%)Market Closed

Market Summary

INDB
USD46.50-1.22
Market Closed
-2.56%

INDB Stock Price

View Fullscreen

INDB RSI Chart

INDB Valuation

Market Cap

2.0B

Price/Earnings (Trailing)

8.74

Price/Sales (Trailing)

2.42

EV/EBITDA

3.03

Price/Free Cashflow

7.58

INDB Price/Sales (Trailing)

INDB Profitability

EBT Margin

36.27%

Return on Equity

7.84%

Return on Assets

1.17%

Free Cashflow Yield

13.2%

INDB Fundamentals

INDB Revenue

Revenue (TTM)

816.8M

Rev. Growth (Yr)

11.29%

Rev. Growth (Qtr)

0.42%

INDB Earnings

Earnings (TTM)

226.0M

Earnings Growth (Yr)

-22%

Earnings Growth (Qtr)

-12.83%

Breaking Down INDB Revenue

Last 7 days

-6.4%

Last 30 days

-10.9%

Last 90 days

-6.9%

Trailing 12 Months

-6.3%

How does INDB drawdown profile look like?

INDB Financial Health

Debt/Equity

0.36

Debt/Cashflow

0.27

INDB Investor Care

Dividend Yield

4.77%

Dividend/Share (TTM)

2.22

Buy Backs (1Y)

3.76%

Diluted EPS (TTM)

5.18

Historical Charts for Stock Metrics

Get all data in R, Python etc through our Historical Stock Data APIs
Net sales
YearQ1Q2Q3Q4
2024816.8M000
2023689.2M739.7M772.7M795.7M
2022456.3M507.7M584.6M642.8M
2021394.3M391.1M386.2M415.3M
2020462.9M440.7M419.0M402.1M
2019341.5M384.5M421.2M447.0M
2018286.5M297.6M308.7M323.7M
2017251.3M258.3M267.7M277.2M
2016238.9M241.0M243.1M246.6M
2015219.9M224.6M230.5M235.5M
2014208.1M210.9M214.2M216.5M
2013199.2M202.3M204.8M205.9M
2012194.6M193.5M193.2M196.2M
2011200.8M199.0M197.3M195.8M
20100202.7M202.7M202.7M
2009000202.7M
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Tracking the Latest Insider Buys and Sells of Independent Bank Corp-Rockland MA

Filter Transactions
Datesorted ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
Jun 03, 2024
miskell eileen c
sold
-56,945
50.2165
-1,134
-
May 21, 2024
o'day susan perry
acquired
-
-
1,134
-
May 21, 2024
morton james o'shanna
acquired
-
-
1,134
-
May 21, 2024
smith scott
acquired
-
-
1,134
-
May 21, 2024
hogan michael p.
acquired
-
-
1,134
-
May 21, 2024
abelli donna l
acquired
-
-
1,134
-
May 21, 2024
morrissey john j
acquired
-
-
1,134
-
May 21, 2024
venables thomas r
acquired
-
-
1,134
-
May 21, 2024
miskell eileen c
acquired
-
-
1,134
-
May 21, 2024
obrien daniel f
acquired
-
-
1,134
-

1–10 of 50

Which funds bought or sold INDB recently?

View All Details
Datesorted ascendingFund NameType% Chg$ Change$ Held% Portfolio
Jun 11, 2024
EverSource Wealth Advisors, LLC
added
73.94
3,065
12,410
-%
May 30, 2024
CAMBRIDGE TRUST CO
added
20.32
-48,293
938,857
0.04%
May 28, 2024
TEACHERS RETIREMENT SYSTEM OF THE STATE OF KENTUCKY
unchanged
-
-206,000
775,000
0.01%
May 20, 2024
Virtu Financial LLC
new
-
461,000
461,000
0.04%
May 16, 2024
COMERICA BANK
reduced
-11.41
-425,327
993,803
-%
May 16, 2024
CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM
reduced
-5.8
-783,096
2,282,790
-%
May 16, 2024
Tidal Investments LLC
added
6.15
-89,120
480,268
0.01%
May 16, 2024
JANE STREET GROUP, LLC
reduced
-24.66
-899,301
1,324,220
-%
May 16, 2024
Colony Group, LLC
added
83.39
152,000
490,000
-%
May 15, 2024
CAPTRUST FINANCIAL ADVISORS
reduced
-34.59
-890,798
953,527
-%

1–10 of 48

Are Funds Buying or Selling INDB?

Are funds buying INDB calls or puts?
Calls
Puts
No. of funds holding Calls - Puts
Net Call Options
No. of funds that own INDB
No. of Funds

Unveiling Independent Bank Corp-Rockland MA's Major ShareHolders

Date FiledName of FilerPercent of ClassNo. of SharesForm Type
Feb 13, 2024
vanguard group inc
12.02%
5,272,986
SC 13G/A
Jan 24, 2024
state street corp
5.09%
2,230,305
SC 13G
Jan 23, 2024
blackrock inc.
14.3%
6,276,602
SC 13G/A
Feb 09, 2023
vanguard group inc
12.42%
5,668,380
SC 13G/A
Jan 26, 2023
blackrock inc.
14.8%
6,734,091
SC 13G/A
Jan 20, 2023
blackrock inc.
14.8%
6,734,091
SC 13G/A
Feb 10, 2022
vanguard group inc
11.00%
5,206,390
SC 13G/A
Jan 27, 2022
blackrock inc.
14.8%
7,001,106
SC 13G/A
Jan 25, 2022
blackrock inc.
14.8%
7,001,106
SC 13G/A
Feb 10, 2021
vanguard group inc
10.12%
3,335,570
SC 13G/A

Recent SEC filings of Independent Bank Corp-Rockland MA

View All Filings
Date Filed Form Type Document
Jun 04, 2024
4
Insider Trading
Jun 03, 2024
144
Notice of Insider Sale Intent
May 28, 2024
8-K
Current Report
May 22, 2024
4
Insider Trading
May 22, 2024
4
Insider Trading
May 22, 2024
4
Insider Trading
May 22, 2024
4
Insider Trading
May 22, 2024
4
Insider Trading
May 22, 2024
4
Insider Trading
May 22, 2024
4
Insider Trading

Peers (Alternatives to Independent Bank Corp-Rockland MA)

NameMkt Capsorted ascendingRevenuePrice %, 1MReturns, 1YP/EP/SRev 1-YrInc 1-Yr
LARGE-CAP
563.6B
180.9B
-4.12% 35.43%
11.19
3.12
60.42% 19.83%
306.9B
137.9B
0.85% 33.61%
12.26
2.23
56.12% -12.56%
200.2B
88.5B
-7.89% 35.55%
10.67
2.26
42.28% 26.14%
113.4B
140.1B
-7.63% 22.20%
14.18
0.81
54.53% -
15.5B
10.4B
-7.55% 23.00%
10.83
1.49
26.22% -33.87%
12.6B
8.1B
-14.26% 32.44%
14.4
1.55
32.15% -50.93%
MID-CAP
6.2B
4.2B
-15.15% 9.19%
8.93
1.46
34.68% -45.96%
6.0B
4.1B
-9.65% 40.61%
9.57
1.47
32.93% -30.73%
3.2B
1.3B
-6.81% 31.96%
11.42
2.46
30.60% -12.99%
3.0B
2.0B
-10.99% 15.87%
18.77
1.48
47.11% -59.32%
SMALL-CAP
497.6M
120.2M
6.68% 49.76%
19.02
4.14
45.65% -13.98%
404.4M
173.1M
-1.50% 10.85%
13.86
2.34
26.54% -34.86%
362.3M
176.1M
-7.15% 0.05%
36.44
2.06
35.14% -73.84%
265.3M
98.7M
-8.08% -6.70%
9.01
2.69
6.27% -22.90%
42.9M
62.5M
-8.76% -9.42%
-14.5
0.69
18.83% -145.18%

Independent Bank Corp-Rockland MA News

Latest updates
Defense World4 hours ago
Seeking Alpha19 Apr 202407:00 am
SEC.gov4 years ago
SEC.gov7 years ago

Independent Bank Corp-Rockland MA Earnings Report: Key Takeaways & Analysis

Income Statement (Last 12 Months)
(In Millions)
Income Statement (Quarterly)
(In Millions)
(*) denotes actual numbers (not divided by Millions)
Description(%) Q/Q2024Q12023Q42023Q32023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q1
Revenue0.4%20820720319918718417014814112693.0097.0010097.0098.0010010711412012292.00
EBITDA Margin-6.6%1.12*1.20*1.31*1.40*1.50*1.56*1.46*1.45*1.43*1.42*1.56*1.52*---------
Interest Expenses-5.3%13714515015315916816314513712390.0093.0096.0091.0091.0091.0094.0010010510683.00
Income Taxes--------------11.0011.008.002.0014.0017.0010.0012.00
Earnings Before Taxes-11.9%62.0071.0080.0083.0081.0010095.0082.0070.00-1.1254.0050.0054.0045.0046.0033.0029.0062.0069.0041.0047.00
EBT Margin-8.4%0.36*0.40*0.45*0.49*0.52*0.54*0.42*0.40*0.38*0.38*0.53*0.50*---------
Net Income-12.8%48.0055.0061.0063.0061.0077.0072.0062.0053.002.0040.0038.0042.0035.0035.0025.0027.0047.0052.0031.0035.00
Net Income Margin-8.1%0.28*0.30*0.34*0.37*0.39*0.41*0.32*0.31*0.29*0.29*0.40*0.38*---------
Free Cashflow-1.1%47.0047.0078.0088.0047.0011113289.0067.0024.0030.0046.00---------
Balance Sheet
(In Millions)
Balance Sheet
(In Millions)
(*) denotes actual numbers (not divided by Millions)
Description(%) Q/Q2024Q12023Q42023Q32023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q1
Assets-0.1%19,32519,34719,36819,40119,44219,29419,70319,98220,15920,42314,53314,19413,77413,20413,17413,02311,98011,39511,53911,6038,997
    Cash Equivalents-1.3%2212242203085033539361,4761,8402,2412,008--1,297---151---
  Net PPE-0.3%19319319219419619719820219919612411711611612212212212412512399.00
  Goodwill0%985985985985985985985985985985506506506506506506506506505505250
Liabilities-0.1%16,44016,45216,48316,54616,61116,40716,88617,11117,19417,40512,77712,45312,05911,50211,48411,35110,3019,6879,8569,9677,893
  Short Term Borrowings---------------------50.00
  Long Term Debt-15.8%1,0251,2181,00090199211311313813815215717217618129629654630375.0075.0075.00
Shareholder's Equity-0.4%2,8842,8952,8852,8552,8312,8872,8172,8712,9653,0181,7561,7421,7151,7031,6901,6721,6801,7081,6821,6361,105
  Retained Earnings2.2%1,1011,0771,0461,010971934883834796767788764742716697677667654622585570
  Additional Paid-In Capital-1.6%1,9021,9321,9991,9981,9952,1152,1132,1462,2482,2499499489469469449439631,0351,0341,030528
Shares Outstanding-1.0%42.0043.0044.0044.0045.0046.0046.0047.0047.0035.0033.0033.00---------
Float----1,946---3,622---2,465---2,184-2,575---
Cashflow (Last 12 Months)
(In Thousands)
Cashflow (Quarterly)
(In Thousands)
(*) denotes actual numbers (not divided by Thousands)
Description(%) Q/Q2024Q12023Q42023Q32023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q1
Cashflow From Operations-4.4%51,14553,50581,25990,76451,466115,341133,42196,91075,52833,42539,04250,28967,46453,81324,185-2,959-10,40379,286152,096-49,02834,168
  Share Based Compensation-21.5%1,3001,6561,1281,9211,6729811,0171,6328348427071,6101,1508268681,5798509909811,517915
Cashflow From Investing-17.4%15,91519,272-56,287-146,077-28,558-215,993-290,285-210,565-283,631578,723-530,74263,376-174,493-37,84918,109-376,333-92,13834,10272,289-19,498-66,733
Cashflow From Financing-2.2%-70,074-68,575-113,108-138,967126,703-482,711-383,107-250,437-192,222-379,295243,101373,426579,73212,635120,0231,013,635422,944-181,686-199,127-29,73474,384
  Dividend Payments-2.9%23,58024,27824,27424,35125,10323,27423,57024,16222,72815,86115,85915,85215,16415,15915,15415,40115,12615,12215,10112,38010,671
  Buy Backs-55.1%30,98668,959--119,951-34,648103,3961,902------21,86573,226----
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INDB Income Statement

2024-03-31
Consolidated Statements of Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Interest income  
Interest and fees on loans$ 193,226$ 170,926
Interest Income, Securities, Operating, Taxable14,23115,309
Nontaxable interest and dividends on securities11
Interest on loans held for sale10434
Interest on federal funds sold and short-term investments483665
Total interest and dividend income208,045186,935
Interest expense  
Interest on deposits54,32022,675
Interest on borrowings16,2865,262
Total interest expense70,60627,937
Net interest income137,439158,998
Provision for credit losses5,0007,250
Net interest income after provision for credit losses132,439151,748
Noninterest income  
Deposit account fees6,2285,916
Interchange and ATM fees4,4524,184
Investment Banking, Advisory, Brokerage, and Underwriting Fees and Commissions9,9419,779
Mortgage banking income796308
Bank Owned Life Insurance Income1,9281,854
Gain Realized on Life Insurance Policies(263)(11)
Loan level derivative income80408
Other noninterest income6,2555,782
Total noninterest income29,94328,242
Noninterest expenses  
Salaries and employee benefits57,17456,975
Occupancy and equipment expenses13,46712,822
Data processing & facilities management2,4832,527
Professional Fees1,4282,077
Software Maintenance4,0942,949
Debit card expense2,4782,171
Amortization of Intangible Assets1,5631,815
FDIC assessment2,9822,610
Other noninterest expenses14,21814,715
Total noninterest expenses99,88798,661
Income before income taxes62,49581,329
Current Federal, State and Local, Tax Expense (Benefit)14,72520,082
Net income$ 47,770$ 61,247
Basic earnings per share (in dollars per share)$ 1.12$ 1.36
Diluted earnings per share (in dollars per share)$ 1.12$ 1.36
Weighted average common shares (basic) (in shares)42,553,71445,004,100
Common shares equivalents (in shares)12,87619,564
Weighted average common shares (diluted) (in shares)42,566,59045,023,664
Retained Earnings [Member]  
Noninterest expenses  
Net income$ 47,770$ 61,247
Cash dividends declared per common share (in dollars per share)$ 0.57$ 0.55

INDB Balance Sheet

2024-03-31
Consolidated Balance Sheets (Unaudited) - USD ($)
Mar. 31, 2024
Dec. 31, 2023
Assets  
Cash and due from banks$ 165,331,000$ 178,861,000
Interest-earning deposits with banks55,985,00045,469,000
Securities  
Trading4,759,0004,987,000
Equity22,858,00022,510,000
Debt Securities, Available-for-Sale, Excluding Accrued Interest1,272,831,0001,334,256,000
Held to maturity (fair value $1,383,621 and $1,417,608)1,545,267,0001,569,107,000
Total securities2,845,715,0002,930,860,000
Loans held for sale (at fair value)11,340,0006,368,000
Loans  
Total loans14,330,594,000[1]14,278,070,000
Less: allowance for credit losses(146,948,000)[2](142,222,000)
Net loans14,183,646,00014,135,848,000
Federal Home Loan Bank stock46,304,00043,557,000
Bank premises and equipment, net192,563,000193,049,000
Goodwill985,072,000985,072,000
Other intangible assets16,626,00018,190,000
Cash surrender value of life insurance policies298,352,000297,387,000
Other assets523,679,000512,712,000
Total assets19,324,613,00019,347,373,000
Deposits  
Noninterest-bearing demand deposits4,469,820,0004,567,083,000
Savings and interest checking accounts5,196,195,0005,298,913,000
Money market2,944,221,0002,818,072,000
Time certificates of deposit2,432,985,0002,181,479,000
Total deposits15,043,221,00014,865,547,000
Borrowings  
Federal Home Loan Bank borrowings962,535,0001,105,541,000
Junior Subordinated Notes62,858,00062,858,000
Subordinated Debt 49,980,000
Total borrowings1,025,393,0001,218,379,000
Other liabilities371,791,000368,196,000
Total liabilities16,440,405,00016,452,122,000
Commitments and contingencies00
Stockholders' equity  
Preferred stock, $0.01 par value, authorized: 1,000,000 shares, outstanding: none00
Common stock, $0.01 par value, authorized: 75,000,000 shares, issued and outstanding: 42,452,457 shares at March 31, 2024 and 42,873,187 shares at December 31, 2023 (includes 215,412 and 162,812 shares of unvested participating restricted stock awards, respectively)422,000427,000
Value of shares held in rabbi trust at cost: 82,042 shares at March 31, 2024 and 80,222 shares at December 31, 2023(3,403,000)(3,298,000)
Deferred compensation and other retirement benefit obligations3,403,0003,298,000
Additional paid in capital1,902,063,0001,932,163,000
Retained earnings1,101,061,0001,077,488,000
Accumulated other comprehensive loss, net of tax(119,338,000)(114,827,000)
Total stockholders’ equity2,884,208,0002,895,251,000
Total liabilities and stockholders' equity19,324,613,00019,347,373,000
Commercial And Industrial [Member]  
Loans  
Total loans1,580,041,000[1]1,579,986,000
Less: allowance for credit losses(20,489,000)[2](19,243,000)
Commercial Real Estate [Member]  
Loans  
Total loans8,108,836,000[1]8,041,508,000
Less: allowance for credit losses(77,929,000)[2](74,148,000)
Construction Loans [Member]  
Loans  
Total loans828,900,000[1]849,586,000
Less: allowance for credit losses(7,573,000)[2](7,683,000)
Small Business [Member]  
Loans  
Total loans261,690,000[1]251,956,000
Less: allowance for credit losses(4,028,000)[2](3,963,000)
Residential Real Estate [Member]  
Loans  
Total loans2,420,705,000[1]2,424,754,000
Less: allowance for credit losses(24,180,000)[2](23,637,000)
Home Equity Loan [Member]  
Loans  
Total loans[1]1,100,586,000 
Less: allowance for credit losses(12,042,000)[2](12,797,000)
Consumer Portfolio Segment [Member]  
Loans  
Total loans29,836,00032,654,000
Less: allowance for credit losses(707,000)[2](751,000)
Senior Lien [Member] | Home Equity Loan [Member]  
Loans  
Total loans507,356,000518,706,000
Junior Lien [Member] | Home Equity Loan [Member]  
Loans  
Total loans$ 593,230,000$ 578,920,000
[1]Loan origination dates in the tables above reflect the original origination date, or the date of a material modification of a previously originated loan.
[2]Balances of accrued interest receivable excluded from amortized cost and the calculation of allowance for credit losses amounted to $59.3 million and $52.7 million as of March 31, 2024 and March 31, 2023, respectively.
INDB
Independent Bank Corp. operates as the bank holding company for Rockland Trust Company that provides commercial banking products and services to individuals and small-to-medium sized businesses primarily in Massachusetts. It accepts interest checking, money market, and savings accounts, as well as demand deposits and time certificates of deposit. The company also offers commercial and industrial, commercial real estate and construction, small business, and consumer real estate. In addition, it provides investment management and trust services to individuals, institutions, small businesses, and charitable institutions; Internet and mobile banking services, as well as estate settlement, financial planning, tax services, and other services; automated teller machine and debit cards; and mutual fund and unit investment trust shares, general securities, fixed and variable annuities, and life insurance products, as well as advisory platforms. The company was founded in 1907 and is headquartered in Rockland, Massachusetts.
 CEO
 WEBSITErocklandtrust.com
 INDUSTRYBanks Diversified
 EMPLOYEES1739

Independent Bank Corp-Rockland MA Frequently Asked Questions


What is the ticker symbol for Independent Bank Corp-Rockland MA? What does INDB stand for in stocks?

INDB is the stock ticker symbol of Independent Bank Corp-Rockland MA. Every public company that trades on a stock exchange gets a ticker symbol.

What is the market capital of Independent Bank Corp-Rockland MA (INDB)?

As of Fri Jun 14 2024, market cap of Independent Bank Corp-Rockland MA is 1.97 Billion. The market capitalization is calculated by multiplying the stock price with the number of shares outstanding.

What is the fair value of INDB stock?

You can check INDB's fair value in chart for subscribers.

What is the fair value of INDB stock?

You can check INDB's fair value in chart for subscribers. The fair value of Independent Bank Corp-Rockland MA is provided for various growth and macro-economic scenarios from very pessimiatic to very optimistic assumptions. These fair values are estimates from Grufity's Fair Value model based on company's past performance. However, past performance of Independent Bank Corp-Rockland MA is no guarantee of future performance. These fairvalue estimates should only be used as one of the inputs in your stock analysis. We provide model's historical fair value estimates for INDB so that you know how good or bad the model has been in the past so you can discard it if needed. There are others that provide fair values of stocks such as wallmine, finbox, gurufocus and finviz. Most provide point in time estimates. We provide a history of our models fair value estimates so that you can get a sense of it's usefulness. Otherwise this data point is of little use.

Is Independent Bank Corp-Rockland MA a good stock to buy?

The fair value guage provides a quick view whether INDB is over valued or under valued. Whether Independent Bank Corp-Rockland MA is cheap or expensive depends on the assumptions which impact Independent Bank Corp-Rockland MA's fair value. We provide several scenarios of inflation and growth to encompass these range of assumptions for INDB.

What is Independent Bank Corp-Rockland MA's Price to Earnings (PE) and Price to sales (PS) ratio?

As of Fri Jun 14 2024, INDB's PE ratio (Price to Earnings) is 8.74 and Price to Sales (PS) ratio is 2.42. The price to earnings and price to sales ratio are two most important valuation metrics for any company. PE ratio tell us the number of years of earnings investors are ready to pay for owning the company. Historically, S&P500 price to earnings ratio has fallen below 12 during periods of gloom and gone past 30 during periods of euphoria. INDB PE ratio will change depending on the future growth rate expectations of investors.

What is 5 year return on Independent Bank Corp-Rockland MA's stock?

In the past 10 years, Independent Bank Corp-Rockland MA has provided 0.041 (multiply by 100 for percentage) rate of return.