Financial Services -
Banks - Regional - NASDAQ - US
$ 54.9
-0.885 %
$ 2.34 B
Market Cap
12.15
P/E
1. INTRINSIC VALUE
Balance Sheet
Independent Bank Corp.
| Current Assets | 188 M |
| Cash & Short-Term Investments | 188 M |
| Receivables | 0 |
| Other Current Assets | 0 |
| Non-Current Assets | 1.19 B |
| Long-Term Investments | 2.71 B |
| PP&E | 193 M |
| Other Non-Current Assets | -1.71 B |
| Current Liabilities | 0 |
| Accounts Payable | 0 |
| Short-Term Debt | 0 |
| Other Current Liabilities | 0 |
| Non-Current Liabilities | 701 M |
| Long-Term Debt | 701 M |
| Other Non-Current Liabilities | 0 |
EFFICIENCY
Earnings Waterfall
Independent Bank Corp.
| Revenue | 853 M |
| Cost Of Revenue | 0 |
| Gross Profit | 853 M |
| Operating Expenses | 683 M |
| Operating Income | -579 M |
| Other Expenses | -771 M |
| Net Income | 192 M |
RATIOS
FREE CASH FLOW ANALYSIS
Free Cash Flow Analysis
Independent Bank Corp.
| Net Income | 192 M |
| Depreciation & Amortization | 40.9 M |
| Capital Expenditures | 0 |
| Stock-Based Compensation | 6.52 M |
| Change in Working Capital | -10.1 M |
| Others | 1.03 M |
| Free Cash Flow | 230 M |
Wall Street Analysts Price Targets
Independent Bank Corp.
Wall Street analysts predict an average 1-year price target for INDB of $75.7 , with forecasts ranging from
a
low of
$65 to a high of $100 .
INDB Lowest Price Target
Wall Street Target
65 USD
18.40%
INDB Average Price Target
Wall Street Target
75.7 USD
37.83%
INDB Highest Price Target
Wall Street Target
100 USD
82.15%
4. DIVIDEND
ANALYSIS
0.89%
DIVIDEND YIELD
0.59 USD
DIVIDEND PER SHARE
5. COMPETITION
6. Ownership
Insider Ownership
Independent Bank Corp.
Sold
0-3 MONTHS
44.8 K USD 1
3-6 MONTHS
0 USD 0
6-9 MONTHS
0 USD 0
9-12 MONTHS
56.9 K USD 1
Bought
0 USD 0
0-3 MONTHS
0 USD 0
3-6 MONTHS
0 USD 0
6-9 MONTHS
0 USD 0
9-12 MONTHS
7. News
21 Upcoming Dividend Increases To Finish Q1
The lists were created using the U.S. Dividend Champions spreadsheet and NASDAQ data, ensuring companies have at least five years of dividend growth. My investment strategy focuses on buying, holding, and adding to companies with consistent dividend growth and outperformance relevant to certain benchmarks. Top-performing stocks include MPWR, STLD, and JPM. Top REITs include CTR, FR, and REXR for their impressive returns and dividend growth rates.
seekingalpha.com
- 3 weeks ago
Independent Bank Corp Rewards Shareholders With 3.5% Dividend Hike
INDB hikes its dividend 3.5% to 59 cents per share. Given a decent liquidity position, capital distribution seems sustainable.
zacks.com
- 3 weeks ago
Independent Bank Corp. Announces 4% Increase in Quarterly Dividend
ROCKLAND, Mass.--(BUSINESS WIRE)--The Board of Directors of Independent Bank Corp. (Nasdaq Global Select Market: INDB), parent of Rockland Trust Company, today announced a $0.59 per share dividend, representing a $0.02 increase from the prior quarter. The dividend will be payable on April 7, 2025, to stockholders of record as of the close of business on March 31, 2025. “We are pleased to announce a 4% increase in our annual dividend, reaffirming our commitment to generating long term, sustainab.
businesswire.com
- 1 month ago
ENTERPRISE BANCORP INVESTOR ALERT by the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of Enterprise Bancorp, Inc. - EBTC
NEW ORLEANS--(BUSINESS WIRE)--Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC (“KSF”) are investigating the proposed sale of Enterprise Bancorp, Inc. (NasdaqGS: EBTC) to Independent Bank Corp. (NasdaqGS: INDB). Under the terms of the proposed transaction, shareholders of Enterprise will receive 0.60 shares of Independent and $2.00 in cash for each share of Enterprise that they own. KSF is seeking to determine whether this considerat.
businesswire.com
- 1 month ago
Independent Bank Corp. and Rockland Trust Company Expands Board of Directors with Three Accomplished Leaders
ROCKLAND, Mass.--(BUSINESS WIRE)--Independent Bank Corp. (Nasdaq Global Select Market: INDB), parent of Rockland Trust Company, announces the appointment of Leif O'Leary, Dawn Perry, and Aparna Ramesh to its Board of Directors effective April 1, 2025. Their demonstrated expertise in technology-driven innovation, legal oversight, and financial stewardship will further enhance the Bank's strong commitment to sound governance and long-term growth. “We are pleased to welcome these three exceptional.
businesswire.com
- 1 month ago
Best Income Stocks to Buy for January 21st
AA, FOXA and INDB made it to the Zacks Rank #1 (Strong Buy) income stocks list on January 21, 2025.
zacks.com
- 2 months ago
Independent Bank Corp. (INDB) Q4 2024 Earnings Call Transcript
Independent Bank Corp. (NASDAQ:INDB ) Q4 2024 Results Conference Call January 17, 2025 10:00 AM ET Company Participants Jeff Tengel - CEO Mark Ruggiero - CFO & Head of Consumer Lending Conference Call Participants Steve Moss - Raymond James Mark Fitzgibbon - Piper Sandler Laurie Hunsicker - Seaport Research Christopher O'Connell - KBW Operator Good day, and welcome to the Independent Bank Corp Fourth Quarter 2024 Earnings Call. [Operator Instructions].
seekingalpha.com
- 3 months ago
Independent Bank Corp. (INDB) Q4 Earnings: Taking a Look at Key Metrics Versus Estimates
The headline numbers for Independent Bank Corp. (INDB) give insight into how the company performed in the quarter ended December 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
zacks.com
- 3 months ago
Independent Bank: Another Regional Bank Delivering
Independent Bank Corp.'s Q4 earnings were strong, with revenues flat and EPS surpassing expectations, boosted by lower credit loss provisions and better margins. Loan and deposit growth were positive, with loans up 1% and deposits up 0.7%, indicating strong performance and future potential. Asset quality mostly improved, with nonperforming assets slightly down and better return metrics, though allowance for credit losses ticked up slightly.
seekingalpha.com
- 3 months ago
Independent Bank Corp. (INDB) Surpasses Q4 Earnings and Revenue Estimates
Independent Bank Corp. (INDB) came out with quarterly earnings of $1.21 per share, beating the Zacks Consensus Estimate of $1.16 per share. This compares to earnings of $1.26 per share a year ago.
zacks.com
- 3 months ago
Independent Bank Corp. (INDB) Q4 Earnings Preview: What You Should Know Beyond the Headline Estimates
Besides Wall Street's top -and-bottom-line estimates for Independent Bank Corp. (INDB), review projections for some of its key metrics to gain a deeper understanding of how the company might have fared during the quarter ended December 2024.
zacks.com
- 3 months ago
Independent Bank Corp. (INDB) Loses -12.92% in 4 Weeks, Here's Why a Trend Reversal May be Around the Corner
Independent Bank Corp. (INDB) is technically in oversold territory now, so the heavy selling pressure might have exhausted. This along with strong agreement among Wall Street analysts in raising earnings estimates could lead to a trend reversal for the stock.
zacks.com
- 3 months ago
8. Profile
Summary
Independent Bank Corp. INDB
COUNTRY
US
INDUSTRY
Banks - Regional
MARKET CAP
$ 2.34 B
Dividend Yield
0.89%
Description
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. The company accepts interest checking, money market, and savings accounts, as well as demand deposits and time certificates of deposit. It also offers commercial and industrial, commercial real estate and construction, small business, consumer real estate, and personal loans. In addition, the company 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 of December 31, 2021, it operates one hundred nineteen retail branches, two limited-service retail branches, and one mobile branch located within Barnstable, Bristol, Dukes, Essex, Middlesex, Nantucket, Norfolk, Plymouth, Suffolk, and Worcester counties in Eastern Massachusetts. The company was founded in 1907 and is headquartered in Rockland, Massachusetts.
Contact
288 Union Street, Rockland, MA, 02370
https://www.rocklandtrust.com
IPO
Date
May 14, 1986
Employees
1837
Officers
Mr. David Byron Smith C.F.A.
Executive Vice President & Chief Investment Officer
Mr. Jeffrey J. Tengel
President, Chief Executive Officer & Director
Ms. Maureen A. Gaffney
Senior Vice President, Controller & Principal Accounting Officer