INDB Stock Forecast, Price Targets, Chart, Dividends & Analysis
Independent Bank Corp.
INDB 
NGS
Sector: Financial Services
Industry: Banks - Regional - US
72.14
USD
1.33
(1.88%)
Previous close: 70.81 Open: 71.21 Bid: 28.92 Ask: 75.63
52 week range
45.11 75.63
Mkt Cap: 3,008 M Avg Vol (90 Days): 271,518
Last updated: Friday 22nd November 2024
Metrics
Valuation
Price per Sales TTM ($) | 4.68 |
Price per Book TTM ($) | 1.02 |
PE Ratio (TTM) | 15.70 |
Book Value per Share ($) | 70.06 |
5 Year PE Range | NA , NA |
Returns
7 Day Return | 0.35% | |
1 Month Return | 16.04% | |
3 Month Return | 15.65% | |
1 Year Return | 35.24% | |
3 Year Return | -6.98% | |
5 Year Return | 0.13% | |
YTD Return | 9.62% |
Risk
Dividends
Analyst Estimates
Financial Health
Technicals
RSI (14 Day) | 63.70 |
14 Day SMA ($) | 70.78 |
14 Day EMA ($) | 70.24 |
Money Flow Index | 64.21 |
Average True Range | 2.24 |
50 Day SMA ($) | 63.59 |
200 Day SMA ($) | 55.88 |
ADX | 41.06 |
MACD | -1.92 |
Growth
Free Cash Flow QoQ Growth | 0.00% |
Free Cash Flow YoY Growth | 0.00% |
Revenue YoY Growth | 0.00% |
EPS QoQ Growth | 0.00% |
Revenue QoQ Growth | 0.00% |
EPS YoY Growth | 0.00% |
Financials
INDB Income Statement
Annual
| Dec-14 | Dec-15 | Dec-16 | Dec-17 | Dec-18 | Dec-19 | Dec-20 | Dec-21 | Dec-22 | Dec-23 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Amortization of intangibles | -2 M | -3 M | -3 M | -3 M | -3 M | 7 M | ||||
| Basic EPS from continuing operations | 2.5 | 2.51 | 2.9 | 3.19 | 4.41 | 5.03 | 3.64 | 3.47 | 5.69 | 5.42 |
| Basic EPS total | 2.5 | 2.51 | 2.9 | 3.19 | 4.41 | 5.03 | 3.64 | 3.47 | 5.69 | 5.42 |
| Basic weighted shares outstanding | 24 M | 26 M | 26 M | 27 M | 28 M | 33 M | 33 M | 35 M | 46 M | 44 M |
| CreditLossesProvision | 10 M | 2 M | 6 M | 3 M | 5 M | 6 M | 53 M | 18 M | 7 M | 23 M |
| Depreciation | -7 M | -7 M | -7 M | -8 M | -9 M | 11 M | 13 M | 13 M | 18 M | 19 M |
| Depreciation unreconciled | 2 M | 6 M | 6 M | 6 M | 8 M | 7 M | ||||
| DepreciationAndAmortization | -7 M | -7 M | -7 M | -8 M | 2 M | 6 M | 6 M | 6 M | 8 M | 7 M |
| Diluted EPS total | 2.49 | 2.5 | 2.9 | 3.19 | 4.4 | 5.03 | 3.64 | 3.47 | 5.69 | 5.42 |
| Diluted normalized net income/share | 2.49 | 2.5 | 2.9 | 3.19 | 4.4 | 5.03 | 3.64 | 3.47 | 5.69 | 5.42 |
| Diluted weighted shares outstanding | 93815.0 | 68566.0 | 51847.0 | 78076.0 | 61428.0 | 45801.0 | 25646.0 | 35 M | 46 M | 44 M |
| Dividends paid per share | 0.96 | 1.04 | 1.16 | 1.28 | 1.52 | 1.76 | 1.84 | 1.92 | 2.08 | 2.2 |
| FeesAndCommissions | 20 M | 21 M | 22 M | 24 M | 26 M | 29 M | 29 M | 35 M | 37 M | 40 M |
| GeneralAndAdministrativeExpense | 39 M | 40 M | 38 M | 36 M | 37 M | 1 M | 3 M | 4 M | 7 M | 12 M |
| ImpairmentOfCapitalAssets | -2 M | -10 M | -16000.0 | 0.0 | 4 M | |||||
| Income before tax | 84 M | 92 M | 112 M | 135 M | 156 M | 218 M | 153 M | 157 M | 348 M | 315 M |
| Income restructuring and M&A | 1 M | 11 M | 5 M | 3 M | 11 M | 26 M | 41 M | 7 M | ||
| Income taxes | 28 M | 31 M | 39 M | 50 M | 37 M | 53 M | 32 M | 36 M | 84 M | 76 M |
| InsuranceAndClaims | 39 M | 40 M | 38 M | 36 M | 37 M | 1 M | 3 M | 4 M | 7 M | 12 M |
| Interest expense | -20 M | -21 M | -19 M | -18 M | -26 M | 54 M | 34 M | 14 M | 30 M | 189 M |
| InterestExpenseForDeposit | 11 M | 12 M | 11 M | 13 M | 20 M | 41 M | 27 M | 8 M | 25 M | 145 M |
| InterestExpenseForFederalFundsSoldAndSecuritiesPurchaseUnderAgreementsToResell | 0.0 | 0.0 | ||||||||
| InterestExpenseForLongTermDebt | -6 M | -7 M | -6 M | -4 M | -4 M | 8 M | 5 M | 5 M | 5 M | 7 M |
| InterestExpenseForLongTermDebtAndCapitalSecurities | -6 M | -7 M | -6 M | -4 M | -4 M | 8 M | 5 M | 5 M | 5 M | 7 M |
| InterestExpenseForShortTermDebt | 9 M | 9 M | 8 M | 6 M | 6 M | 13 M | 7 M | 5 M | 5 M | 44 M |
| InterestIncome | 216 M | 236 M | 247 M | 277 M | 324 M | 447 M | 402 M | 415 M | 643 M | 796 M |
| InterestIncomeAfterProvisionForLoanLoss | 175 M | 212 M | 216 M | 253 M | 289 M | 387 M | 315 M | 383 M | 607 M | 583 M |
| InterestIncomeFromFederalFundsSoldAndSecuritiesPurchaseUnderAgreementsToResell | 279000.0 | 349000.0 | 1 M | 1 M | 3 M | 2 M | 847000.0 | 2 M | 14 M | 5 M |
| InterestIncomeFromInvestmentSecurities | 19 M | 20 M | 21 M | 23 M | 27 M | 32 M | 30 M | 30 M | 50 M | 60 M |
| InterestIncomeFromLeases | 939000.0 | 1 M | -1 M | |||||||
| InterestIncomeFromLoans | 197 M | 215 M | 224 M | 253 M | 294 M | 412 M | 371 M | 382 M | 578 M | 730 M |
| InterestIncomeFromLoansAndLease | 197 M | 215 M | 224 M | 253 M | 294 M | 412 M | 371 M | 382 M | 578 M | 730 M |
| InterestIncomeFromSecurities | 19 M | 20 M | 21 M | 23 M | 27 M | 32 M | 30 M | 30 M | 50 M | 60 M |
| Net income from total operations | 60 M | 65 M | 77 M | 87 M | 122 M | 165 M | 121 M | 121 M | 264 M | 240 M |
| NetIncomeCommonStockholders | 57 M | 65 M | 77 M | 87 M | 122 M | 179 M | 147 M | 121 M | 264 M | 240 M |
| NetIncomeContinuousOperations | 60 M | 65 M | 77 M | 87 M | 122 M | 165 M | 121 M | 121 M | 264 M | 240 M |
| NetInterestIncome | 186 M | 213 M | 222 M | 256 M | 293 M | 393 M | 368 M | 402 M | 613 M | 607 M |
| NetOccupancyExpense | 22 M | 23 M | 23 M | 25 M | 27 M | 33 M | 37 M | 36 M | 50 M | 51 M |
| NonInterestExpense | -172 M | -197 M | -192 M | -204 M | -226 M | 284 M | 274 M | 333 M | 374 M | 393 M |
| NonInterestIncome | 70 M | 76 M | 82 M | 83 M | 89 M | 115 M | 111 M | 106 M | 115 M | 125 M |
| OccupancyAndEquipment | 22 M | 23 M | 23 M | 25 M | 27 M | 33 M | 37 M | 36 M | 50 M | 51 M |
| Other special charges | -68 M | -113 M | -147 M | -13,929 M | -14,278 M | |||||
| OtherCustomerServices | 20 M | 21 M | 22 M | 24 M | 26 M | 29 M | 29 M | 35 M | 37 M | 40 M |
| OtherGandA | 39 M | 40 M | 38 M | 36 M | 37 M | 1 M | 3 M | 4 M | 7 M | 12 M |
| OtherInterestExpense | -20 M | -21 M | -19 M | -18 M | -26 M | -393 M | 34 M | 14 M | 30 M | 189 M |
| OtherNonInterestExpense | 7 M | 6 M | 5 M | 12 M | 13 M | 44 M | 37 M | 38 M | 51 M | 48 M |
| OtherNonInterestIncome | 48 M | 51 M | 54 M | 55 M | 60 M | 80 M | 72 M | 67 M | 75 M | 81 M |
| ProfessionalExpenseAndContractServicesExpense | 3 M | 4 M | 3 M | 4 M | 4 M | 5 M | 6 M | 8 M | 10 M | 9 M |
| PromotionAndAdvertising | 4 M | 5 M | 5 M | 5 M | 5 M | 5 M | 4 M | 4 M | ||
| RentAndLandingFees | -8 M | -8 M | -8 M | -9 M | -10 M | |||||
| Revenue per share | -3 M | -5 M | -7 M | -8 M | 2 M | 6 M | 6 M | 6 M | 8 M | 7 M |
| SalariesAndWages | 94 M | 105 M | 109 M | 117 M | 124 M | 149 M | 152 M | 173 M | 205 M | 222 M |
| SecuritiesActivities | 0.0 | 874000.0 | 2 M | 514000.0 | 362000.0 | 983000.0 | ||||
| Selling Gen & administrative expense | 137 M | 150 M | 151 M | 157 M | 166 M | 156 M | 159 M | 177 M | 212 M | 234 M |
| SellingAndMarketingExpense | 4 M | 5 M | 5 M | 5 M | 5 M | 5 M | 4 M | 4 M | ||
| Special income/charges | -8 M | -16 M | -10 M | -15 M | -24 M | -70 M | -41 M | -79 M | -58 M | -48 M |
| Total common shares outstanding | 24 M | 26 M | 27 M | 28 M | 28 M | 34 M | 33 M | 47 M | 45 M | 42 M |
| Total net income | 60 M | 65 M | 77 M | 87 M | 122 M | 165 M | 121 M | 121 M | 264 M | 240 M |
| Total ordinary shares | 42 M | 42 M | 42 M | 42 M | 42 M | 42 M | 42 M | 42 M | 42 M | 42 M |
| Total revenues | 256 M | 289 M | 304 M | 339 M | 382 M | 508 M | 479 M | 507 M | 728 M | 722 M |
| TotalRevenue | 256 M | 289 M | 304 M | 339 M | 382 M | 508 M | 479 M | 507 M | 728 M | 722 M |
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