INDB - Independent Bank Corp

NYSE * Financials * Banks

$79.62

$-1.63 (-2.01%)

About Independent Bank Corp

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 in the United States. It provides interest checking, money market, and savings accounts, as well as demand deposits and time certificates of deposit. The company also offers commercial real estate and construction, commercial and industrial, small business, secured and unsecured commercial, and consumer real estate loans; term loans and revolving/nonrevolving lines of credit; overdraft protection and letters of credit; and residential mortgages and home equity loans and lines. In addition, it provides cash management services, such as ACH transaction processing, positive pay, and remote deposit services; investment management and trust services to individuals, institutions, small businesses, and charitable institutions; interchange fees; ATM fees; mobile, online, and telephone banking; estate settlement, financial planning, tax services, and other services; debit and credit cards; and mutual fund and unit investment trust shares, third party model portfolios, general securities, fixed and variable annuities, and life insurance products, as well as advisory platforms. Further, the company invests in low-income housing tax credit projects; holds, maintains, and disposes foreclosed properties; and operates as an investment advisor. The company was founded in 1907 and is headquartered in Rockland, Massachusetts.

INDB Key Statistics

Market Cap

$3.90B

P/E Ratio

17.93

P/B Ratio

1.08

EPS

$4.44

Dividend Yield

0.03%

Revenue Growth

+0.5%

Profit Margin

0.3%

Employees

2,294

How INDB Compares to Peers

INDB trades at a premium valuation vs peers (highest P/E)
INDB has the fastest revenue growth among competitors
INDB is the smallest among peers, which may offer higher growth potential

P/E Rank

#6

of 6

Margin Rank

#5

of 6

Growth Rank

#1

of 6

Size Rank

#6

of 6

CompanyP/EGrowthCompare
INDB17.90%-
JPM15.70%vs JPM
BAC13.80%vs BAC
WFC13.60%vs WFC
C17.80%vs C
GS16.30%vs GS

Independent Bank Corp Company Information

Headquarters
Massachusetts; U.S.A
Website
www.rocklandtrust.com
Sector
Financials
Industry
Banks
Data Updated:
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INDB Lician Score

5% confidence
4.0/10
Neutral

INDB has a Lician Score of 4/10 (Average). Areas of concern: Growth.

value

5.0

growth

2.0

quality

5.0

momentum

5.0

safety

5.0

The Lician Score is a comprehensive 1-10 rating that evaluates INDBacross five key dimensions: Value (valuation relative to sector),Growth (revenue and earnings trajectory),Quality (profitability and balance sheet strength),Momentum (price trends and analyst sentiment), andSafety (volatility and risk metrics).

INDB Financial Snowflake

5-axis analysis across key investment dimensions

4.4/10

Neutral

35810Value5.0Growth2.0Quality5.0Momentum5.0Safety5.04.4/10
5.0

Value

2.0

Growth

5.0

Quality

5.0

Momentum

5.0

Safety

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