Independent Bank Corp. (INDB)
Full history for every metric is available with a Kvantra account
No price history available.
Key financial summary
Financials in USD| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM | 2026E | ||
|---|---|---|---|---|---|---|---|---|---|
| Total net revenue | $m | 473 | 502 | 720 | 722 | 683 | 854 | 921 | - |
| Operating profit | $m | 267 | 284 | ||||||
| Net profit | $m | 121 | 121 | 264 | 240 | 192 | 205 | 271 | 355 |
| EPS reported | $ | 4.45 | 5.54 | ||||||
| Operating cashflow per share | $ | 5.08 | 9.13 | ||||||
| Capex per share | $ | 0.25 | 0.31 | ||||||
| FCF per share | $ | 4.84 | 8.83 | ||||||
| Free cash flow | $m | 240 | 313 | ||||||
| Net debt | $m | 607 | 449 | ||||||
| Book value equity | $m | 3,566 | 3,512 | ||||||
| Book value per share | $ | 72.07 | 73.09 | ||||||
| Number of shares | m | 49.48 | 48.05 | ||||||
| DPS (TTM paid) | $ | 2.36 | 3.10 |
Financial summary
Financials in USD| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM | 2026E | ||
|---|---|---|---|---|---|---|---|---|---|
| Value | |||||||||
| P/E TTM | x | 16.42 | 14.36 | ||||||
| P/B LTM | x | 1.01 | 1.03 | ||||||
| P/S LTM | x | 4.23 | 3.92 | ||||||
| P/FCF LTM | x | 15.09 | 11.56 | ||||||
| EV/EBITDA LTM | x | 13.99 | 13.36 | ||||||
| EV/Sales LTM | x | 3.67 | 3.67 | ||||||
| Earnings Yield LTM | % | +6.09% | +6.96% | ||||||
| FCF Yield | % | +6.63% | +8.65% | ||||||
| Quality | |||||||||
| ROE | % | +5.75% | +7.66% | ||||||
| ROIC | % | +0.84% | -1.18% | ||||||
| Operating margin | % | +22.87% | +22.66% | ||||||
| Gross margin | % | +67.93% | +70.40% | ||||||
| FCF/Sales | % | +20.52% | +33.83% | ||||||
| Growth and momentum | |||||||||
| EPS Growth YoY | % | -1.55% | +22.57% | ||||||
| Sales Growth YoY | % | +24.96% | +34.83% | ||||||
| Net Income Growth YoY | % | +6.79% | +41.27% | ||||||
| FCF Growth | % | +14.33% | +49.19% | ||||||
| Operating Profit Growth | % | +8.01% | +14.98% | ||||||
| Dividend and capital structure | |||||||||
| Dividend Yield | % | +2.88% | +2.86% | ||||||
| Dividend Growth | % | +3.51% | +35.96% | ||||||
| Payout Ratio | % | +47.19% | +42.14% | ||||||
| FCF/Debt | x | 0.27 | 0.45 | ||||||
| Net Debt/EBITDA | x | 2.19 | 1.40 | ||||||
| EBIT/Net interest | x | 0.85 | 0.85 | ||||||
| Net debt/market cap | % | +23.28% | +16.92% | ||||||
| Net debt/Equity | x | 0.17 | 0.13 | ||||||
| Gross debt/equity | x | 0.25 | 0.20 | ||||||
Price target estimates
Based on consensus from external analysts. Not Kvantra's opinion.
Ratings
Based on consensus from external analysts. Not Kvantra's opinion.
ESG
| Metric | 2024 | 2025 | 2026 |
|---|---|---|---|
| ESG-score | |||
| Environmental score | |||
| Social score | |||
| Governance score | |||
| Risk rating |
Company overview
Independent Bank Corp. functions as the parent company for Rockland Trust Company, delivering a wide array of commercial banking products and services. Its clientele primarily consists of private individuals and small to mid-sized businesses, largely within Massachusetts. The institution offers diverse deposit options, including interest-bearing checking, money market, and savings accounts, in addition to demand deposits and time certificates of deposit. Its extensive lending portfolio covers commercial and industrial loans, commercial real estate and construction financing, small business loans, consumer real estate loans, and personal loans. Beyond core banking, the company provides wealth management and fiduciary services for a broad spectrum of clients, from private individuals and institutions to small businesses and charitable organizations. It also offers digital banking solutions (online and mobile), estate planning, financial advisory, and tax assistance. Customers have access to ATM and debit card services, alongside various investment products such as mutual funds, unit investment trusts, general securities, fixed and variable annuities, and life insurance. As of December 31, 2021, Independent Bank Corp. maintained a substantial physical presence, operating 119 retail branches, two limited-service retail branches, and one mobile branch. These facilities are strategically located across Eastern Massachusetts, encompassing Barnstable, Bristol, Dukes, Essex, Middlesex, Nantucket, Norfolk, Plymouth, Suffolk, and Worcester counties. Established in 1907, the company is headquartered in Rockland, Massachusetts.
Similar companies
For informational purposes only. Kvantra provides data and quantitative analysis, not investment advice. KvantraRank is a mechanical model output. Analyst price targets and ratings are sourced from third parties and are not Kvantra recommendations. Past performance does not guarantee future results; all investments carry risk.
Independent Bank Corp. (INDB)
No price history available.
Consensus from external analysts. Not Kvantra's opinion.
Based on consensus from external analysts. Not Kvantra's opinion.
Independent Bank Corp. functions as the parent company for Rockland Trust Company, delivering a wide array of commercial banking products and services. Its clientele primarily consists of private individuals and small to mid-sized businesses, largely within Massachusetts. The institution offers diverse deposit options, including interest-bearing checking, money market, and savings accounts, in addition to demand deposits and time certificates of deposit. Its extensive lending portfolio covers commercial and industrial loans, commercial real estate and construction financing, small business loans, consumer real estate loans, and personal loans. Beyond core banking, the company provides wealth management and fiduciary services for a broad spectrum of clients, from private individuals and institutions to small businesses and charitable organizations. It also offers digital banking solutions (online and mobile), estate planning, financial advisory, and tax assistance. Customers have access to ATM and debit card services, alongside various investment products such as mutual funds, unit investment trusts, general securities, fixed and variable annuities, and life insurance. As of December 31, 2021, Independent Bank Corp. maintained a substantial physical presence, operating 119 retail branches, two limited-service retail branches, and one mobile branch. These facilities are strategically located across Eastern Massachusetts, encompassing Barnstable, Bristol, Dukes, Essex, Middlesex, Nantucket, Norfolk, Plymouth, Suffolk, and Worcester counties. Established in 1907, the company is headquartered in Rockland, Massachusetts.
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