USD 67.04
| ticker | 1 day return % | 1 week return % | 1 month return % | 3 months return % | 6 months return % | 1 year return % | 3 years return % | 5 years return % | 10 years return % | maximum return % |
|---|---|---|---|---|---|---|---|---|---|---|
| INDB | 4.9 | 9.6 | -3.5 | 3.0 | 15.6 | 10.6 | -21.1 | -16.3 | 70.1 | 259.1 |
| S&P 500 | 1.0 | 1.8 | -0.9 | 2.7 | 7.3 | 26.5 | 31.0 | 80.1 | 196.5 | 33856.2 |
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| Attribute | Value |
|---|---|
| symbol | INDB |
| name | Independent Bank Corp. |
| price | 67.04 |
| changes percentage | 4.8811 |
| change | 3.12 |
| day low | 64.7 |
| day high | 68.17 |
| year high | 77.23 |
| year low | 45.11 |
| market cap | 2843375163 |
| price avg 50 | 68.6528 |
| price avg 200 | 58.7977 |
| exchange | NASDAQ |
| volume | 460403 |
| avg volume | 274863 |
| open | 64.7 |
| previous close | 63.92 |
| eps | 4.52 |
| pe | 14.83 |
| earnings announcement | 2025-04-16T10:59:00.000+0000 |
| shares outstanding | 42413114 |
| timestamp | 2025-01-17 21:00:01 |
We derive the score of a company's financial statements by evaluating the weighted average sentiment across key within the statements. The cumulative score, normalized to a sum of 1, serves as a metric for assessing the company's performance during the specified period. A higher score indicates stronger performance. However, it's crucial to note that while this score provides valuable insights, it is just one of many factors to consider when making informed investment decisions. A holistic evaluation, considering various aspects of the company's financial health and market conditions, is essential for a well-rounded investment strategy.
| 2023 | 2022 | Y/Y change % | |
|---|---|---|---|
| 0000776901 | |||
| revenue | 795726000 | 727916000 | 9.32 |
| gross profit | 795726000 | 727916000 | 9.32 |
| gross profit ratio | 1 | 1 | 0.00 |
| research and development expenses | 0 | 0 | NaN |
| operating expenses | 722127000 | -389370000 | 285.46 |
| interest income | 795726000 | 642840000 | 23.78 |
| interest expense | 189205000 | 29591000 | 539.40 |
| ebitda | 0 | 386553000 | -100.00 |
| ebitdaratio | 0 | 0.52 | -100.00 |
| operating income | 315134000 | 338546000 | -6.92 |
| operating income ratio | 0.4 | 0.47 | -14.85 |
| net income | 239502000 | 263813000 | -9.22 |
| net income ratio | 0.3 | 0.36 | -16.95 |
| eps | 5.42 | 5.69 | -4.75 |
Revenue Growth: revenue increased to 796 million in 2023 from 728 million in 2022 representing a change of 9.32%. This indicates a sales growth, which is a positive sign for the company.
Gross Profit: Gross Profit increased to 796 million in 2023 from 728 million in 2022 representing a change of 9.32%. This indicates a sales profitability growth, which is a positive sign for the company.
Operating Expenses: Operating Expenses increased to 722 million in 2023 from -389 million in 2022 representing a change of 285.46%. The increase in operating expenses can be attributed to various factors such as marketing, administrative costs, and investments in infrastructure. It's important to monitor if these expenses are growing at a sustainable rate compared to revenue.
EBITDA: EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) decreased to 0 million in 2023 from 387 million in 2022 representing a change of -100.0%. The decrease in EBITDA indicates declined operational efficiency and profitability.
Operating Income: Operating income decreased to 315 million in 2023 from 339 million in 2022 representing a change of -6.92%. The decrease in operating income indicates worse operational performance and decreased profitability.
Net Income: Net income decreased to 240 million in 2023 from 264 million in 2022 representing a change of -9.22%. The decrease in net income shows worsen profitability and indicates that the company is generating less profit for each dollar of revenue.
Earnings per Share (EPS): EPS increased to 5.42 in 2023 from 5.42 in 2022 representing a change of -4.75%. This indicates that the company's earnings are decreasing and it is becoming less profitable on a per-share basis.
| 2024Q3 | 2024Q2 | Q/Q change % | |
|---|---|---|---|
| 0000776901 | |||
| revenue | 248948000 | 243453000 | 2.26 |
| gross profit | 217257000 | 211596000 | 2.68 |
| gross profit ratio | 0.87 | 0.87 | 0.41 |
| research and development expenses | 0 | 0 | NaN |
| operating expenses | 174638000 | 29947000 | 483.16 |
| interest income | 216524000 | 211864000 | 2.20 |
| interest expense | 74821000 | 73938000 | 1.19 |
| ebitda | 65624000 | 76815000 | -14.57 |
| ebitdaratio | 0.26 | -0.02 | 1643.05 |
| operating income | 55309000 | 70551000 | -21.60 |
| operating income ratio | 0.22 | 0.29 | -23.33 |
| net income | 42947000 | 51330000 | -16.33 |
| net income ratio | 0.17 | 0.21 | -18.18 |
| eps | 1.01 | 1.21 | -16.53 |
Revenue Growth: revenue increased to 249 million in 2024Q3 from 243 million in 2024Q2 representing a change of 2.26%. This indicates a sales growth, which is a positive sign for the company.
Gross Profit: Gross Profit increased to 217 million in 2024Q3 from 212 million in 2024Q2 representing a change of 2.68%. This indicates a sales profitability growth, which is a positive sign for the company.
Operating Expenses: Operating Expenses decreased to 175 million in 2024Q3 from 30 million in 2024Q2 representing a change of 483.16%. The decrease in operating expenses can be attributed to various factors such as improved profitability, cost optimization and financial stability, lower operating expenses can be positive indicators.
EBITDA: EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) decreased to 66 million in 2024Q3 from 77 million in 2024Q2 representing a change of -14.57%. The decrease in EBITDA indicates declined operational efficiency and profitability.
Operating Income: Operating income decreased to 55 million in 2024Q3 from 71 million in 2024Q2 representing a change of -21.6%. The decrease in operating income indicates worse operational performance and decreased profitability.
Net Income: Net income decreased to 43 million in 2024Q3 from 51 million in 2024Q2 representing a change of -16.33%. The decrease in net income shows worsen profitability and indicates that the company is generating less profit for each dollar of revenue.
Earnings per Share (EPS): EPS increased to 1.01 in 2024Q3 from 1.01 in 2024Q2 representing a change of -16.53%. This indicates that the company's earnings are decreasing and it is becoming less profitable on a per-share basis.
| 2023 | 2022 | Y/Y change % | |
|---|---|---|---|
| 0000776901 | |||
| total assets | 19347373000 | 19294174000 | 0.28 |
| total liabilities | 16452122000 | 16407473000 | 0.27 |
| total equity | 2895251000 | 2886701000 | 0.30 |
| cash and cash equivalents | 224330000 | 352933000 | -36.44 |
| short term investments | 0 | 1399154000 | -100.00 |
| long term investments | 151089000 | 3129281000 | -95.17 |
| total current assets | 224330000 | 1752087000 | -87.20 |
| total non current assets | 19104737000 | 4335925000 | 340.62 |
| total current liabilities | 10560659000 | 9752183000 | 8.29 |
| total non current liabilities | 5891463000 | 16407473000 | -64.09 |
| common stock | 427000 | 455000 | -6.15 |
| retained earnings | 1077488000 | 934442000 | 15.31 |
| total debt | 1218379000 | 113377000 | 974.63 |
Total Assets: Total Assets increased to 19,347 million in 2023 from 19,294 million in 2022 representing a change of 0.28%. Suggesting a growth in asset holdings.
Total Equity: Total Equity increased to 2,895 million in 2023 from 2,887 million in 2022 representing a change of 0.3%. This indicates an increase in shareholders' equity.
Retained Earnings: Retained Earnings increased to 1,077 million in 2023 from 934 million in 2022 representing a change of 15.31%. This indicates an accumulated profits.
Total Liabilities: Total Liabilities increased to 16,452 million in 2023 from 16,407 million in 2022 representing a change of 0.27%. This indicates an increase in overall liabilities.
Cash And Cash Equivalents: Cash And Cash Equivalents decreased to 224 million in 2023 from 353 million in 2022 representing a change of -36.44%. This indicates a decrease in available liquid assets.
Short Term Investments: Short Term Investments decreased to 0 million in 2023 from 1,399 million in 2022 representing a change of -100.0%. This indicates a decrease in short-term investment holdings.
Total Current Assets: Total Current Assets decreased to 224 million in 2023 from 1,752 million in 2022 representing a change of -87.2%. This indicates a worsen liquidity position.
Total Current Liabilities: Total Current Liabilities increased to 10,561 million in 2023 from 9,752 million in 2022 representing a change of 8.29%. This indicates a higher short-term debt burden.
Common Stock: Common Stock decreased to 0 in 2023 from 0 in 2022 representing a change of -6.15%. This indicates a decrease in ownership interest.
Total Debt: Total Debt increased to 1,218 million in 2023 from 113 million in 2022 representing a change of 974.63%. This indicates an increase in overall debt burden.
| 2024Q3 | 2024Q2 | Q/Q change % | |
|---|---|---|---|
| 0000776901 | |||
| total assets | 19408117000 | 19411037000 | -0.02 |
| total liabilities | 16430969000 | 16491788000 | -0.37 |
| total equity | 2977148000 | 2919249000 | 1.98 |
| cash and cash equivalents | 198987000 | 313881000 | -36.60 |
| short term investments | 0 | 1220656000 | -100.00 |
| long term investments | 271650000 | 234615000 | 15.79 |
| total current assets | 198987000 | 331558000 | -39.98 |
| total non current assets | 1462620000 | 19079479000 | -92.33 |
| total current liabilities | 7489301000 | 7477000000 | 0.16 |
| total non current liabilities | 8941668000 | 9014788000 | -0.81 |
| common stock | 423000 | 423000 | 0.00 |
| retained earnings | 1146915000 | 1128182000 | 1.66 |
| total debt | 663380000 | 693386000 | -4.33 |
Total Assets: Total Assets decreased to 19,408 million in 2024Q3 from 19,411 million in 2024Q2 representing a change of -0.02%. Suggesting a decrease in asset holdings.
Cash And Cash Equivalents: Cash And Cash Equivalents decreased to 199 million in 2024Q3 from 314 million in 2024Q2 representing a change of -36.6%. This indicates a decrease in available liquid assets.
Short Term Investments: Short Term Investments decreased to 0 million in 2024Q3 from 1,221 million in 2024Q2 representing a change of -100.0%. This indicates a decrease in short-term investment holdings.
Total Current Assets: Total Current Assets decreased to 199 million in 2024Q3 from 332 million in 2024Q2 representing a change of -39.98%. This indicates a worsen liquidity position.
Total Current Liabilities: Total Current Liabilities increased to 7,489 million in 2024Q3 from 7,477 million in 2024Q2 representing a change of 0.16%. This indicates a higher short-term debt burden.
Total Liabilities: Total Liabilities decreased to 16,431 million in 2024Q3 from 16,492 million in 2024Q2 representing a change of -0.37%. This indicates a decrease in overall liabilities.
Total Equity: Total Equity increased to 2,977 million in 2024Q3 from 2,919 million in 2024Q2 representing a change of 1.98%. This indicates an increase in shareholders' equity.
Retained Earnings: Retained Earnings increased to 1,147 million in 2024Q3 from 1,128 million in 2024Q2 representing a change of 1.66%. This indicates an accumulated profits.
Total Debt: Total Debt decreased to 663 million in 2024Q3 from 693 million in 2024Q2 representing a change of -4.33%. This indicates a reduction in overall debt burden.
| 2023 | 2022 | Y/Y change % | |
|---|---|---|---|
| 0000776901 | |||
| net change in cash | -128603000 | -1887751000 | 93.19 |
| operating cash flow | 276994000 | 421200000 | -34.24 |
| free cash flow | 261150000 | 399128000 | -34.57 |
| capital expenditure | -15844000 | -22072000 | 28.22 |
| depreciation and amortization | 25778000 | 38799000 | -33.56 |
| deferred income tax | 2738000 | -1254000 | 318.34 |
| stock based compensation | 6377000 | 4464000 | 42.85 |
| accounts payables | 0 | 0 | NaN |
| inventory | 0 | 0 | NaN |
| acquisitions net | 0 | 3344000 | -100.00 |
| investments in property plant and equipment | -16006000 | -22072000 | 27.48 |
| net cash used for investing activites | -211650000 | -1000474000 | 78.85 |
| debt repayment | 0 | -39063000 | 100.00 |
| common stock issued | 0 | 2359000 | -100.00 |
| common stock repurchased | -190052000 | -141030000 | -34.76 |
| dividends paid | -98006000 | -93734000 | -4.56 |
| net cash used provided by financing activities | -193947000 | -1308477000 | 85.18 |
| cash at end of period | 224330000 | 352933000 | -36.44 |
| accounts receivables | 0 | 0 | NaN |
| cash at beginning of period | 352933000 | 2240684000 | -84.25 |
Net Change in Cash: Net Change in Cash increased to -129 million in 2023 from -1,888 million in 2022 representing a change of 93.19%. Indicating an increased ability to generate cash from the company's operations or its cash flow position.
Operating Cash Flow: Operating Cash Flow decreased to 277 million in 2023 from 421 million in 2022 representing a change of -34.24%. This indicates that the company generated less cash from its core business operations.
Free Cash Flow: Free Cash Flow decreased to 261 million in 2023 from 399 million in 2022 representing a change of -34.57%. This indicates a decrease in cash generated after accounting for capital expenditures.
Capital Expenditure: Capital Expenditure increased to -16 million in 2023 from -22 million in 2022 representing a change of 28.22%. This indicates an increase in the cash outflow required for acquiring or improving long-term assets.
Deferred Income Tax: Deferred Income Tax increased to 3 million in 2023 from -1 million in 2022 representing a change of 318.34%. This indicates that the company's tax liability for future periods has increased.
Stock-Based Compensation: Stock-Based Compensation increased to 6 million in 2023 from 4 million in 2022 representing a change of 42.85%. This indicates increased expenses, which is generally considered a negative sign from a financial perspective.
Dividends Paid: Dividends Paid decreased to -98 million in 2023 from -94 million in 2022 representing a change of -4.56%. This indicates a weaker financial position, less confidence in future prospects, and a reluctance to return value to shareholders.
| 2024Q3 | 2024Q2 | Q/Q change % | |
|---|---|---|---|
| 0000776901 | |||
| operating cash flow | 70237000 | 65649000 | 6.99 |
| free cash flow | 64382000 | 61916000 | 3.98 |
| capital expenditure | -5855000 | -3733000 | -56.84 |
| depreciation and amortization | 10315000 | 10896000 | -5.33 |
| deferred income tax | 1270000 | 1248000 | 1.76 |
| stock based compensation | 1514000 | 2139000 | -29.22 |
| accounts receivables | 0 | 0 | NaN |
| accounts payables | 0 | 0 | NaN |
| inventory | 0 | 0 | NaN |
| acquisitions net | 0 | 0 | NaN |
| investments in property plant and equipment | -5855000 | -3733000 | -56.84 |
| net cash used for investing activites | 62501000 | 16122000 | 287.68 |
| debt repayment | -30000000 | -332000000 | 90.96 |
| common stock issued | 0 | 657000 | -100.00 |
| common stock repurchased | 0 | -1000 | 100.00 |
| dividends paid | -24208000 | -24198000 | -0.04 |
| net cash used provided by financing activities | -22167000 | 10794000 | -305.36 |
| net change in cash | 110571000 | 92565000 | 19.45 |
| cash at end of period | 424452000 | 313881000 | 35.23 |
| cash at beginning of period | 313881000 | 221316000 | 41.82 |
Net Change in Cash: Net Change in Cash increased to 111 million in 2024Q3 from 93 million in 2024Q2 representing a change of 19.45%. Indicating an increased ability to generate cash from the company's operations or its cash flow position.
Operating Cash Flow: Operating Cash Flow increased to 70 million in 2024Q3 from 66 million in 2024Q2 representing a change of 6.99%. This indicates that the company generated more cash from its core business operations.
Free Cash Flow: Free Cash Flow increased to 64 million in 2024Q3 from 62 million in 2024Q2 representing a change of 3.98%. This indicates an increase in cash generated after accounting for capital expenditures.
Capital Expenditure: Capital Expenditure decreased to -6 million in 2024Q3 from -4 million in 2024Q2 representing a change of -56.84%. This indicates a possible improved efficiency or a shift in the company's strategic priorities.
Stock-Based Compensation: Stock-Based Compensation decreased to 2 million in 2024Q3 from 2 million in 2024Q2 representing a change of -29.22%. This indicates decreased expenses, which is generally considered a positive sign from a financial perspective.
Deferred Income Tax: Deferred Income Tax increased to 1 million in 2024Q3 from 1 million in 2024Q2 representing a change of 1.76%. This indicates that the company's tax liability for future periods has increased.
Dividends Paid: Dividends Paid decreased to -24 million in 2024Q3 from -24 million in 2024Q2 representing a change of -0.04%. This indicates a weaker financial position, less confidence in future prospects, and a reluctance to return value to shareholders.
We save you time by utilizing Generative AI to summarize earnings transcripts. Our summaries provide a clear insight into the company's current performance, future outlook, and overall sentiment expressed during the call. Click on below links to explore more.
Note: The years mentioned below are fiscal years in accounting.
Q3 2024 Earnings call transcript
EPS represents the portion of a company's profit allocated to each outstanding share of common stock. A higher EPS is generally favorable, indicating stronger profitability on a per-share basis.
Positive EPS: A positive EPS signifies that a company is profitable, it is generally viewed positively, supporting stock value and investor confidence.
Negative EPS: Indicates that a company is operating at a loss, which could lead to negative sentiment, potential stock depreciation, and concerns about the company's financial health.
The Next Earning Date represents when the company plans to release its next set of financial results.
An upward trend in EPS suggests consistent growth in earnings, often leading to increased investor confidence. A downward trend may indicate a decline in earnings, potentially decreasing investor confidence and stock value. Fluctuating EPS suggests unpredictable financial performance, warranting cautious investor analysis.
Earnings surprise occurs when a company's actual earnings differ from analysts' expectations. A positive earnings surprise typically reflects better-than-expected performance, potentially leading to stock appreciation. Conversely, a negative earnings surprise can result in stock depreciation. An earnings surprise of zero means the earnings met expectations, which typically has a neutral impact on stock price.
Discover detailed analyst recommendations for stocks, including categories such as Buy, Hold, Sell, Strong Buy, and Strong Sell. These insights are based on thorough analysis of financial and market factors. The consensus is calculated by assigning a numerical score to each recommendation. These scores are then weighted and averaged over a specified period to provide a comprehensive view of the stock's outlook, with the final score determining the overall consensus.
| 2023-12-31 | 2022-12-31 | Y/Y change % | |
|---|---|---|---|
| FY | |||
| calendar year | 2023 | 2022 | NaN |
| revenue per share | 18.01 | 15.7 | 14.74 |
| net income per share | 5.42 | 5.69 | -4.71 |
| operating cash flow per share | 6.27 | 9.08 | -30.98 |
| free cash flow per share | 5.91 | 8.61 | -31.33 |
| cash per share | 5.08 | 37.78 | -86.56 |
| book value per share | 65.53 | 62.25 | 5.27 |
| tangible book value per share | 42.82 | 40.47 | 5.82 |
| shareholders equity per share | 65.53 | 62.25 | 5.27 |
| interest debt per share | 31.86 | 3.08 | 933.36 |
| market cap | 2907587147.4 | 3915192265.93 | -25.74 |
| enterprise value | 3901636147.4 | 3675636265.93 | 6.15 |
| pe ratio | 12.14 | 14.84 | -18.20 |
| price to sales ratio | 3.65 | 5.38 | -32.06 |
| pocfratio | 10.5 | 9.3 | 12.93 |
| pfcf ratio | 11.13 | 9.81 | 13.50 |
| pb ratio | 1.0 | 1.36 | -25.96 |
| ptb ratio | 1.0 | 1.36 | -25.96 |
| ev to sales | 4.9 | 5.05 | -2.90 |
| enterprise value over ebitda | 0 | 9.51 | -100.00 |
| ev to operating cash flow | 14.09 | 8.73 | 61.41 |
| ev to free cash flow | 14.94 | 9.21 | 62.23 |
| earnings yield | 0.08 | 0.07 | 22.25 |
| free cash flow yield | 0.09 | 0.1 | -11.90 |
| debt to equity | 0.42 | 0.04 | 971.45 |
| debt to assets | 0.06 | 0.01 | 971.67 |
| net debt to ebitda | 0 | -0.62 | 100.00 |
| current ratio | 0.02 | 0.18 | -88.18 |
| interest coverage | 1.67 | 11.44 | -85.44 |
| income quality | 1.16 | 1.6 | -27.56 |
| dividend yield | 0.03 | 0.02 | 40.79 |
| payout ratio | 0.41 | 0.36 | 15.17 |
| sales general and administrative to revenue | 0.29 | 0.29 | 1.17 |
| research and ddevelopement to revenue | 0 | 0 | NaN |
| intangibles to total assets | 0.05 | 0.05 | -0.95 |
| capex to operating cash flow | 0.06 | 0.05 | 9.15 |
| capex to revenue | 0.02 | 0.03 | -34.33 |
| capex to depreciation | 0.61 | 0.57 | 8.04 |
| stock based compensation to revenue | 0.01 | 0.01 | 30.68 |
| graham number | 89.4 | 89.27 | 0.15 |
| roic | 0.02 | -0.07 | 134.43 |
| return on tangible assets | 0.01 | 0.01 | -9.51 |
| graham net net | -367.3 | -316.04 | -16.22 |
| working capital | -10336329000 | -8000096000 | -29.20 |
| tangible asset value | 1891989000 | 1876561000 | 0.82 |
| net current asset value | -16227792000 | -14655386000 | -10.73 |
| invested capital | -9085918000 | -6793452000 | -33.75 |
| average receivables | 0 | 0 | NaN |
| average payables | 0 | 0 | NaN |
| average inventory | 0 | 0 | NaN |
| days sales outstanding | 0 | 0 | NaN |
| days payables outstanding | 0 | 0 | NaN |
| days of inventory on hand | 0 | 0 | NaN |
| receivables turnover | 0 | 0 | NaN |
| payables turnover | 0 | 0 | NaN |
| inventory turnover | 0 | 0 | NaN |
| roe | 0.08 | 0.09 | -9.48 |
| capex per share | 0.36 | 0.48 | -24.66 |
ROE:
PE Ratio: Price-to-Earnings (P/E) Ratio decreased to 12.14 on 2023-12-31 from 14.84 on 2022-12-31, representing a change of -18.20%. Indicating a decrease in the relative valuation of the company's stock.
Current Ratio: Current Ratio decreased to 0.02 on 2023-12-31 from 0.18 on 2022-12-31, representing a change of -88.18%. The current ratio has been declining, suggesting a decrease in the company's short-term liquidity. Also, it's below 1, indicating potential liquidity issues.
Debt-to-Equity Ratio: Debt-to-Equity Ratio increased to 0.42 on 2023-12-31 from 0.04 on 2022-12-31, representing a change of 971.45%. The debt-to-equity ratio has been increasing, indicating that the company has been relying more on debt financing. Higher leverage may increase financial risk. However, a ratio of 1 or below is often considered healthy and indicates that the company's total debt is equal to or less than its total equity.
| 2024-09-30 Q3 | 2024-06-30 Q2 | Q/Q change % | |
|---|---|---|---|
| INDB | |||
| calendar year | 2024 | 2024 | NaN |
| revenue per share | 5.86 | 5.73 | 2.18 |
| net income per share | 1.01 | 1.21 | -16.40 |
| operating cash flow per share | 1.65 | 1.55 | 6.91 |
| free cash flow per share | 1.51 | 1.46 | 3.90 |
| cash per share | 4.68 | 36.13 | -87.04 |
| book value per share | 70.05 | 68.74 | 1.91 |
| tangible book value per share | 46.55 | 45.19 | 3.01 |
| shareholders equity per share | 70.05 | 68.74 | 1.91 |
| interest debt per share | 17.37 | 18.07 | -3.87 |
| market cap | 2513095896.87 | 2101773884.42 | 19.57 |
| enterprise value | 2977488896.87 | 2481278884.42 | 20.00 |
| pe ratio | 14.63 | 10.24 | 42.91 |
| price to sales ratio | 10.09 | 8.63 | 16.93 |
| pocfratio | 35.78 | 32.02 | 11.76 |
| pfcf ratio | 39.03 | 33.95 | 14.99 |
| pb ratio | 0.84 | 0.72 | 17.24 |
| ptb ratio | 0.84 | 0.72 | 17.24 |
| ev to sales | 11.96 | 10.19 | 17.35 |
| enterprise value over ebitda | 45.37 | 32.3 | 40.46 |
| ev to operating cash flow | 42.39 | 37.8 | 12.16 |
| ev to free cash flow | 46.25 | 40.07 | 15.40 |
| earnings yield | 0.02 | 0.02 | -30.03 |
| free cash flow yield | 0.03 | 0.03 | -13.04 |
| debt to equity | 0.22 | 0.24 | -6.19 |
| debt to assets | 0.03 | 0.04 | -4.31 |
| net debt to ebitda | 7.08 | 4.94 | 43.24 |
| current ratio | 0.03 | 0.04 | -40.08 |
| interest coverage | 0.74 | 0.95 | -22.53 |
| income quality | 1.64 | 1.28 | 27.87 |
| dividend yield | 0.01 | 0.01 | -16.33 |
| payout ratio | 0.56 | 0.47 | 19.57 |
| sales general and administrative to revenue | 0.25 | 0.25 | 2.50 |
| research and ddevelopement to revenue | 0 | 0 | NaN |
| intangibles to total assets | 0.05 | 0.05 | -0.13 |
| capex to operating cash flow | 0.08 | 0.06 | 46.60 |
| capex to revenue | 0.02 | 0.02 | 53.38 |
| capex to depreciation | 0.57 | 0.34 | 65.68 |
| stock based compensation to revenue | 0.01 | 0.01 | -30.78 |
| graham number | 39.91 | 43.24 | -7.70 |
| roic | -0.01 | 0.0 | -261.24 |
| return on tangible assets | 0.0 | 0.0 | -16.32 |
| graham net net | -381.92 | -352.2 | -8.44 |
| working capital | -7290314000 | -7145442000 | -2.03 |
| tangible asset value | 1978375000 | 1919016000 | 3.09 |
| net current asset value | -16231982000 | -16160230000 | -0.44 |
| invested capital | -6099344000 | -5953906000 | -2.44 |
| average receivables | 0 | 0 | NaN |
| average payables | 0 | 0 | NaN |
| average inventory | 0 | 0 | NaN |
| days sales outstanding | 0 | 0 | NaN |
| days payables outstanding | 0 | 0 | NaN |
| days of inventory on hand | 0 | 0 | NaN |
| receivables turnover | 0 | 0 | NaN |
| payables turnover | 0 | 0 | NaN |
| inventory turnover | 0 | 0 | NaN |
| roe | 0.01 | 0.02 | -17.96 |
| capex per share | 0.14 | 0.09 | 56.72 |
ROE: Return on Equity (ROE) decreased to 0.01 on 2024-09-30 Q3 from 0.02 on 2024-06-30 Q2, representing a change of -17.96%. Suggesting that the company has not been generating high returns for its shareholders.
Current Ratio: Current Ratio decreased to 0.03 on 2024-09-30 Q3 from 0.04 on 2024-06-30 Q2, representing a change of -40.08%. The current ratio has been declining, suggesting a decrease in the company's short-term liquidity. Also, it's below 1, indicating potential liquidity issues.
PE Ratio: Price-to-Earnings (P/E) Ratio increased to 14.63 on 2024-09-30 Q3 from 10.24 on 2024-06-30 Q2, representing a change of 42.91%. Indicating an increase in the relative valuation of the company's stock.
Debt-to-Equity Ratio: Debt-to-Equity Ratio decreased to 0.22 on 2024-09-30 Q3 from 0.24 on 2024-06-30 Q2, representing a change of -6.19%. The debt-to-equity ratio has been decreasing, indicating that the company has been relying less on debt financing. A ratio of 1 or below is often considered healthy and indicates that the company's total debt is equal to or less than its total equity.
Positive Sentiment: Discounted Cash Flow value is 118.54 which is higher than current price 67.04, indicates the company may be undervalued.
| Market Capitalization | Enterprise Value | |
|---|---|---|
| Definition | The total market value of a company's outstanding shares | The total market value of a company, including its debt and other liabilities |
| Calculation | Current share price * Total number of outstanding shares | Market capitalization + Total debt - Cash and cash equivalents |
| Focus | Equity component of a company's value | Total economic value of a company |
| Usefulness | Assesses a company's size and growth potential based on investor sentiment | Provides a more comprehensive valuation that considers both equity and debt |
Analyzing dividends is a crucial aspect of investment evaluation, offering valuable insights into a company's financial health and its commitment to shareholder returns. Dividends represent a portion of a company's profits distributed to its shareholders, providing a steady income stream. We help you analyze dividends based on the indicators mentioned below:
• Investors often assess the average dividend amount, observing trends over time to gauge the company's stability and growth potential. A positive trend in average dividends indicates a consistent and potentially lucrative investment. Additionally, evaluating the trend of dividend increases provides insight into the company's financial strength and management's confidence in future earnings.
• Consistency in paying dividends is a reassuring sign, reflecting a company's reliability and commitment to shareholder value. For investors, dividends not only offer income but also contribute to the overall total return on investment.
• Companies with a history of regular and increasing dividends can attract income-focused investors seeking stable returns, making dividends a critical factor in building a well-rounded investment portfolio.
Interested in the overall sentiment for a particular period? Check out our news sentiment analysis tool.
Sentiment: Positive
Publish Date: 2025-01-17 12:42:01
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].
Sentiment: Positive
Publish Date: 2025-01-16 19:01:16
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.
Sentiment: Positive
Publish Date: 2025-01-16 18:31:18
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.
Sentiment: Positive
Publish Date: 2025-01-16 18:26:07
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.
Sentiment: Positive
Publish Date: 2025-01-13 10:16:14
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.
Sentiment: Positive
Publish Date: 2025-01-10 10:35:56
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.
Sentiment: Positive
Publish Date: 2025-01-09 11:01:17
Independent Bank Corp. (INDB) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Sentiment: Positive
Publish Date: 2025-01-06 16:10:00
ROCKLAND, Mass.--(BUSINESS WIRE)--Independent Bank Corp. (Nasdaq Global Select Market: INDB), parent of Rockland Trust Company, will host its quarterly conference call to discuss fourth quarter results on Friday, January 17, 2025, at 10:00 AM Eastern Time. Telephonic access will be available by dial-in at 888-336-7153 reference: INDB. Participants may also choose to pre-register for the conference by navigating to https://dpregister.com/sreg/10194177/fde0484bd2 which will provide a unique PIN t.
Sentiment: Positive
Publish Date: 2024-12-18 17:18:00
NEW YORK--(BUSINESS WIRE)-- #creditratingagency--On December 9, 2024, Rockland, MA-based Independent Bank Corp. (NASDAQ: INDB) (“Independent”), parent company of Rockland Trust Company (“Rockland Trust”), and Lowell, MA-based Enterprise Bancorp, Inc. (NASDAQ: EBTC) (“Enterprise”)(KBRA senior unsecured debt rating: BBB / Stable Outlook), parent company of Enterprise Bank and Trust Company (“Enterprise Bank”), jointly announced the signing of a definitive merger agreement pursuant to which Enterprise will merge into I.
Sentiment: Positive
Publish Date: 2024-12-12 16:10:00
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 $0.57 per share dividend. The dividend will be payable on January 6, 2025, to stockholders of record as of the close of business on December 30, 2024. Independent Bank Corp. (NASDAQ Global Select Market: INDB) is the holding company for Rockland Trust Company, a full-service commercial bank headquartered in Massachusetts. Wit.
Sentiment: Positive
Publish Date: 2024-12-10 21:14:00
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.
Sentiment: Positive
Publish Date: 2024-12-10 09:12:16
Independent Bank is set to buy Enterprise Bancorp, expanding its presence in lucrative Northern MA & Southern NH markets.
Sentiment: Positive
Publish Date: 2024-12-09 07:30:00
ROCKLAND, Mass. & LOWELL, Mass.--(BUSINESS WIRE)--Independent Bank Corp. (NASDAQ Global Select Market : INDB) (“Independent”), parent of Rockland Trust Company (“Rockland Trust”), and Enterprise Bancorp, Inc. (NASDAQ Global Select Market: EBTC) (“Enterprise”), parent of Enterprise Bank and Trust Company (“Enterprise Bank”), have signed a definitive merger agreement pursuant to which Enterprise will merge into Independent and Enterprise Bank will merge into Rockland Trust in a cash and stock tra.
* The sentiment analysis presented is generated through an algorithm and may be subject to inaccuracies. Users are advised to corroborate key information and employ further analytical methods prior to making critical decisions.
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| Indicator | Bullish | Bearish |
|---|---|---|
| Price and EMA ⓘ | Price crosses above EMA | Price crosses below EMA |
| Short-Term vs Long-Term EMA ⓘ | Short EMA crosses above Long EMA | Short EMA crosses below Long EMA |
| Volume ⓘ | Increasing volume during price uptrend | Increasing volume during price downtrend |
| MACD ⓘ | MACD crosses above Signal Line | MACD crosses below Signal Line |
| RSI ⓘ | RSI is below 30 (oversold) and starts to rise above 30 | RSI is above 70 (overbought) and starts to decline below 70 |
| Candlestick Patterns ⓘ | Bullish candlestick patterns | Bearish candlestick patterns |
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