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    Independent Bank Corp.

    NASDAQ: INDB · Real-Time Price · USD
    61.81
    -0.90 (-1.44%)
    At close: Jun 17, 2025, 12:12 PM

    Independent Bank Statistics

    Share Statistics

    Independent Bank has 42.54M shares outstanding. The number of shares has increased by 0.34% in one year.

    Shares Outstanding

    n/a
    		 42.54M

    Shares Change (YoY)

    n/a
    		 0.34%

    Shares Change (QoQ)

    n/a
    		 0.27%

    Owned by Institutions (%)

    n/a
    		 83.61%

    Shares Floating

    n/a
    		 42.05M

    Failed to Deliver (FTD) Shares

    n/a
    		 14

    FTD / Avg. Volume

    n/a
    		 n/a

    Short Selling Information

    The latest short interest is 1.81M, so 4.24% of the outstanding shares have been sold short.

    Short Interest

    n/a
    		 1.81M

    Short % of Shares Out

    n/a
    		 4.24%

    Short % of Float

    n/a
    		 5.89%

    Short Ratio (days to cover)

    n/a
    		 6.73

    Valuation Ratios

    The PE ratio is 14.2 and the forward PE ratio is 9.3. Independent Bank's PEG ratio is -0.86.

    PE Ratio

    n/a
    		 14.2

    Forward PE

    n/a
    		 9.3

    PS Ratio

    n/a
    		 3.99

    Forward PS

    n/a
    		 2.6

    PB Ratio

    n/a
    		 0.91

    P/FCF Ratio

    n/a
    		 13.02

    PEG Ratio

    n/a
    		 -0.86
    Financial Ratio History

    Enterprise Valuation

    Independent Bank has an Enterprise Value (EV) of 3.21B.

    EV / Sales

    n/a
    		 4.7

    EV / EBITDA

    n/a
    		 0

    EV / EBIT

    n/a
    		 13.96

    EV / FCF

    n/a
    		 15.32

    Financial Position

    The company has a current ratio of 0.02, with a Debt / Equity ratio of 0.23.

    Current Ratio

    n/a
    		 0.02

    Quick Ratio

    n/a
    		 0.02

    Debt / Equity

    n/a
    		 0.23

    Debt / EBITDA

    n/a
    		 2.44

    Debt / FCF

    n/a
    		 3.35

    Interest Coverage

    n/a
    		 0.86

    Financial Efficiency

    Return on Equity is 6.42% and Return on Invested Capital is -2.08%.

    Return on Equity

    n/a
    		 6.42%

    Return on Assets

    n/a
    		 0.99%

    Return on Invested Capital

    n/a
    		 -2.08%

    Revenue Per Employee

    n/a
    		 $530,286.88

    Profits Per Employee

    n/a
    		 $104,562.33

    Employee Count

    n/a
    		 1,837

    Asset Turnover

    n/a
    		 0.04

    Inventory Turnover

    n/a
    		 n/a

    Taxes

    Income Tax

    n/a
    		 55.05M

    Effective Tax Rate

    n/a
    		 22.27%

    Stock Price Statistics

    The stock price has increased by 34.8% in the last 52 weeks. The beta is 0.86, so Independent Bank's price volatility has been higher than the market average.

    Beta

    n/a
    		 0.86

    52-Week Price Change

    n/a
    		 34.8%

    50-Day Moving Average

    n/a
    		 60.51

    200-Day Moving Average

    n/a
    		 64.08

    Relative Strength Index (RSI)

    n/a
    		 49.85

    Average Volume (20 Days)

    n/a
    		 332,284

    Income Statement

    In the last 12 months, Independent Bank had revenue of 974.14M and earned 192.08M in profits. Earnings per share was 4.52.

    Revenue

    n/a
    		 974.14M

    Gross Profit

    n/a
    		 646.86M

    Operating Income

    n/a
    		 249.07M

    Net Income

    n/a
    		 192.08M

    EBITDA

    n/a
    		 288.02M

    EBIT

    n/a
    		 249.07M

    Earnings Per Share (EPS)

    n/a
    		 4.52
    Full Income Statement

    Balance Sheet

    The company has 219.89M in cash and 701.37M in debt, giving a net cash position of -481.48M.

    Cash & Cash Equivalents

    n/a
    		 219.89M

    Total Debt

    n/a
    		 701.37M

    Net Cash

    n/a
    		 -481.48M

    Retained Earnings

    n/a
    		 1.17B

    Total Assets

    n/a
    		 19.89B

    Working Capital

    n/a
    		 n/a
    Full Balance Sheet

    Cash Flow

    In the last 12 months, operating cash flow was 229.92M and capital expenditures 0, giving a free cash flow of 209.49M.

    Operating Cash Flow

    n/a
    		 229.92M

    Capital Expenditures

    n/a
    		 n/a

    Free Cash Flow

    n/a
    		 209.49M

    FCF Per Share

    n/a
    		 4.93
    Full Cash Flow Statement

    Margins

    Gross margin is 100%, with operating and profit margins of 36.46% and 28.12%.

    Gross Margin

    n/a
    		 100%

    Operating Margin

    n/a
    		 36.46%

    Pretax Margin

    n/a
    		 36.18%

    Profit Margin

    n/a
    		 28.12%

    EBITDA Margin

    n/a
    		 n/a

    EBIT Margin

    n/a
    		 25.57%

    FCF Margin

    n/a
    		 21.5%

    Dividends & Yields

    INDB pays an annual dividend of $2.87, which amounts to a dividend yield of 3.67%.

    Dividend Per Share

    n/a
    		 $2.87

    Dividend Yield

    n/a
    		 3.67%

    Dividend Growth (YoY)

    n/a
    		 3.51%

    Payout Ratio

    n/a
    		 63.78%

    Earnings Yield

    n/a
    		 7.04%

    FCF Yield

    n/a
    		 7.68%
    Dividend Details

    Analyst Forecast

    The average price target for INDB is $68.5, which is 9.2% higher than the current price. The consensus rating is "Hold".

    Price Target

    n/a
    		 $68.5

    Price Target Difference

    n/a
    		 9.2%

    Analyst Consensus

    n/a
    		 Hold

    Analyst Count

    n/a
    		 4
    Stock Forecasts

    Fair Value

    There are several formulas that can be used to estimate the intrinsic value of a stock.

    Lynch Fair Value

    n/a
    		 $22.6

    Lynch Upside

    n/a
    		 -63.96%

    Graham Number

    n/a
    		 84.63

    Graham Upside

    n/a
    		 34.95%

    Stock Splits

    The last stock split was on Oct 7, 1987. It was a forward split with a ratio of 3:2.

    Last Split Date

    n/a
    		 Oct 7, 1987

    Split Type

    n/a
    		 forward

    Split Ratio

    n/a
    		 3:2

    Scores

    Altman Z-Score

    n/a
    		 0.26

    Piotroski F-Score

    n/a
    		 7

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