Independent Bank Corp.
INDBFinancial ServicesNASDAQBanks - Regional
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Daily timeframePart of the financial services sector, Independent Bank Corp. (INDB) is listed under Banks - Regional. At a $3.74B market cap, Independent Bank Corp. ranks as a mid-cap company within financial services. It provides interest checking, money market, and savings accounts, as well as demand deposits and time certificates of deposit.
Market Cap
$3.74B
Beta
0.80
P/E (TTM)
15.42
P/E (Fwd)
9.28
EPS (TTM)
$5.03
EPS (Fwd)
$8.35
ROE
7.3%
ROA
1.1%
Cash
$755.7M
Total Debt
$828.4M
Free CF
—
52W Change
25.7%
Annual Financials
Cash vs Debt
The company holds $755.7M in cash, though total debt stands at $828.4M. This level of leverage is common in the industry but worth monitoring as interest rate conditions evolve. ROE of 7.3% points to modest capital efficiency, indicating how much profit the company produces per dollar of shareholder equity. ROA of 1.1% is on the lower side, which is common in asset-heavy industries. Revenue has been uneven over recent years, ranging from $720.2M to $849.0M.
Investors considering Independent Bank Corp. should weigh the typical risks associated with INDB's sector, size, and financial profile against their own risk tolerance and investment objectives. It is important to consider these factors alongside broader market conditions and individual financial goals when reviewing INDB.