Independent Bank Statistics
Total Valuation
INDB has a market cap or net worth of $2.76 billion. The enterprise value is $2.94 billion.
Important Dates
The last earnings date was Thursday, April 17, 2025, after market close.
| Earnings Date | Apr 17, 2025 |
| Ex-Dividend Date | Mar 31, 2025 |
Share Statistics
INDB has 42.62 million shares outstanding. The number of shares has decreased by -2.45% in one year.
| Current Share Class | 42.62M |
| Shares Outstanding | 42.62M |
| Shares Change (YoY) | -2.45% |
| Shares Change (QoQ) | +0.14% |
| Owned by Insiders (%) | 0.91% |
| Owned by Institutions (%) | 84.99% |
| Float | 42.11M |
Valuation Ratios
The trailing PE ratio is 14.61 and the forward PE ratio is 11.29.
| PE Ratio | 14.61 |
| Forward PE | 11.29 |
| PS Ratio | 4.21 |
| Forward PS | 3.16 |
| PB Ratio | 0.91 |
| P/TBV Ratio | 1.36 |
| P/FCF Ratio | n/a |
| P/OCF Ratio | 14.39 |
| PEG Ratio | n/a |
Financial Ratio HistoryEnterprise Valuation
| EV / Earnings | 15.59 |
| EV / Sales | 4.50 |
| EV / EBITDA | n/a |
| EV / EBIT | n/a |
| EV / FCF | n/a |
Financial Position
| Current Ratio | n/a |
| Quick Ratio | n/a |
| Debt / Equity | n/a |
| Debt / EBITDA | n/a |
| Debt / FCF | n/a |
| Interest Coverage | n/a |
Financial Efficiency
Return on equity (ROE) is 6.38%.
| Return on Equity (ROE) | 6.38% |
| Return on Assets (ROA) | 0.96% |
| Return on Invested Capital (ROIC) | n/a |
| Return on Capital Employed (ROCE) | n/a |
| Revenue Per Employee | $356,100 |
| Profits Per Employee | $102,741 |
| Employee Count | 1,837 |
| Asset Turnover | n/a |
| Inventory Turnover | n/a |
Taxes
In the past 12 months, INDB has paid $53.06 million in taxes.
| Income Tax | 53.06M |
| Effective Tax Rate | 21.95% |
Stock Price Statistics
The stock price has increased by +25.19% in the last 52 weeks. The beta is 0.84, so INDB's price volatility has been lower than the market average.
| Beta (5Y) | 0.84 |
| 52-Week Price Change | +25.19% |
| 50-Day Moving Average | 60.57 |
| 200-Day Moving Average | 63.74 |
| Relative Strength Index (RSI) | 66.71 |
| Average Volume (20 Days) | 333,279 |
Short Selling Information
The latest short interest is 1.72 million, so 4.04% of the outstanding shares have been sold short.
| Short Interest | 1.72M |
| Short Previous Month | 1.62M |
| Short % of Shares Out | 4.04% |
| Short % of Float | 4.09% |
| Short Ratio (days to cover) | 4.62 |
Income Statement
In the last 12 months, INDB had revenue of $654.16 million and earned $188.74 million in profits. Earnings per share was $4.44.
| Revenue | 654.16M |
| Gross Profit | 654.16M |
| Operating Income | 261.44M |
| Pretax Income | 279.94M |
| Net Income | 188.74M |
| EBITDA | n/a |
| EBIT | n/a |
| Earnings Per Share (EPS) | $4.44 |
Full Income StatementBalance Sheet
The company has $760.20 million in cash and $938.97 million in debt, giving a net cash position of -$178.77 million or -$4.19 per share.
| Cash & Cash Equivalents | 760.20M |
| Total Debt | 938.97M |
| Net Cash | -178.77M |
| Net Cash Per Share | -$4.19 |
| Equity (Book Value) | 3.03B |
| Book Value Per Share | 71.19 |
| Working Capital | -14.97B |
Full Balance SheetCash Flow
| Operating Cash Flow | 192.12M |
| Capital Expenditures | -18.00M |
| Free Cash Flow | n/a |
| FCF Per Share | n/a |
Full Cash Flow StatementMargins
| Gross Margin | n/a |
| Operating Margin | 39.97% |
| Pretax Margin | 36.96% |
| Profit Margin | 28.85% |
| EBITDA Margin | n/a |
| EBIT Margin | n/a |
| FCF Margin | n/a |