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Independent Bank (INDB)

(Delayed Data from NSDQ)

$52.73 USD

52.73
257,439

+0.38 (0.73%)

Updated Apr 26, 2024 04:00 PM ET

After-Market: $52.70 -0.03 (-0.06%) 7:58 PM ET

Zacks Rank:

This is our short term rating system that serves as a timeliness indicator for stocks over the next 1 to 3 months. How good is it? See rankings and related performance below.

Zacks Rank Definition Annualized Return
1Strong Buy24.20%
2Buy18.04%
3Hold9.52%
4Sell5.20%
5Strong Sell2.60%
S&P50011.13%

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4-Sell of 5       4  

Style Scores:

The Style Scores are a complementary set of indicators to use alongside the Zacks Rank. It allows the user to better focus on the stocks that are the best fit for his or her personal trading style.

The scores are based on the trading styles of Value, Growth, and Momentum. There's also a VGM Score ('V' for Value, 'G' for Growth and 'M' for Momentum), which combines the weighted average of the individual style scores into one score.

Value Score A
Growth Score A
Momentum Score A
VGM Score A

Within each Score, stocks are graded into five groups: A, B, C, D and F. As you might remember from your school days, an A, is better than a B; a B is better than a C; a C is better than a D; and a D is better than an F.

As an investor, you want to buy stocks with the highest probability of success. That means you want to buy stocks with a Zacks Rank #1 or #2, Strong Buy or Buy, which also has a Score of an A or a B in your personal trading style.

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C Value F Growth F Momentum F VGM

Industry Rank:

The Zacks Industry Rank assigns a rating to each of the 265 X (Expanded) Industries based on their average Zacks Rank.

An industry with a larger percentage of Zacks Rank #1's and #2's will have a better average Zacks Rank than one with a larger percentage of Zacks Rank #4's and #5's.

The industry with the best average Zacks Rank would be considered the top industry (1 out of 265), which would place it in the top 1% of Zacks Ranked Industries. The industry with the worst average Zacks Rank (265 out of 265) would place in the bottom 1%.

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Bottom 35% (163 out of 252)

Industry: Banks - Northeast

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Balance Sheet

Research for INDB

The Zacks Equity Research reports, or ZER for short, are our in-house, independently produced research reports.

The ever popular one-page Snapshot reports are generated for virtually every single Zacks Ranked stock. It's packed with all of the company's key stats and salient decision making information. Including the Zacks Rank, Zacks Industry Rank, Style Scores, the Price, Consensus & Surprise chart, graphical estimate analysis and how a stocks stacks up to its peers.

The detailed multi-page Analyst report does an even deeper dive on the company's vital statistics. In addition to all of the proprietary analysis in the Snapshot, the report also visually displays the four components of the Zacks Rank (Agreement, Magnitude, Upside and Surprise); provides a comprehensive overview of the company business drivers, complete with earnings and sales charts; a recap of their last earnings report; and a bulleted list of reasons to buy or sell the stock. It also includes an industry comparison table to see how your stock compares to its expanded industry, and the S&P 500.

Researching stocks has never been so easy or insightful as with the ZER Analyst and Snapshot reports.

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Fiscal Year End for Independent Bank Corp falls in the month of December.

All items in Millions except Per Share data.

12/31/2023 12/31/2022 12/31/2021 12/31/2020 12/31/2019
Assets          
Cash & Equivalents 229 357 2,244 1,299 153
Receivables 14,136 13,776 13,440 9,279 8,806
Notes Receivable 0 0 0 0 0
Inventories 6 3 25 58 33
Other Current Assets 0 0 0 0 0
Total Current Assets 14,372 14,136 15,709 10,637 8,992
Net Property & Equipment 193 197 196 116 124
Investments & Advances 2,969 3,131 2,673 1,170 1,203
Other Non-Current Assets 0 0 0 0 0
Deferred Charges 0 0 0 0 0
Intangibles 1,003 1,010 1,018 529 535
Deposits & Other Assets 810 821 828 752 541
Total Assets 19,347 19,294 20,423 13,204 11,395
Liabilities & Shareholders Equity 12/31/2023 12/31/2022 12/31/2021 12/31/2020 12/31/2019
Notes Payable 0 0 0 0 0
Accounts Payable 14,866 15,879 16,917 10,993 9,147
Current Portion Long-Term Debt 0 0 0 0 0
Current Portion Capital Leases 0 0 0 0 0
Accrued Expenses 0 0 0 0 0
Income Taxes Payable 0 0 0 0 0
Other Current Liabilities 0 0 0 0 0
Total Current Liabilities 14,866 15,879 16,917 10,993 9,147
Mortgages 0 0 0 0 0
Deferred Taxes/Income 0 0 0 0 0
Convertible Debt 0 0 0 0 0
Long-Term Debt 1,218 113 152 181 303
Non-Current Capital Leases 0 0 0 0 0
Other Non-Current Liabilities 368 415 336 327 237
Minority Interest (Liabilities) 0 0 0 0 0
Total Liabilities 16,452 16,407 17,405 11,502 9,687
Shareholders Equity 12/31/2023 12/31/2022 12/31/2021 12/31/2020 12/31/2019
Preferred Stock 0 0 0 0 0
Common Stock (Par) 0 0 0 0 0
Capital Surplus 1,932 2,115 2,249 946 1,035
Retained Earnings 1,077 934 767 716 654
Other Equity -115 -163 2 41 18
Treasury Stock 0 0 0 0 0
Total Shareholder's Equity 2,895 2,887 3,018 1,703 1,708
Total Liabilities & Shareholder's Equity 19,347 19,294 20,423 13,204 11,395
Total Common Equity 2,895 2,887 3,018 1,703 1,708
Shares Outstanding 43.80 45.60 47.30 32.90 34.30
Book Value Per Share 66.10 63.30 63.82 51.75 49.80

Fiscal Year End for Independent Bank Corp falls in the month of December.

All items in Millions except Per Share data.

3/31/2024 12/31/2023 9/30/2023 6/30/2023 3/31/2023
Assets          
Cash & Equivalents 226 229 225 313 507
Receivables 14,184 14,136 14,084 13,999 13,789
Notes Receivable NA 0 0 0 0
Inventories 11 6 4 7 1
Other Current Assets NA 0 0 0 0
Total Current Assets 14,421 14,372 14,312 14,319 14,297
Net Property & Equipment 193 193 192 194 196
Investments & Advances 2,887 2,969 3,013 3,058 3,146
Other Non-Current Assets NA 0 0 0 0
Deferred Charges NA 0 0 0 0
Intangibles 1,002 1,003 1,005 1,007 1,008
Deposits & Other Assets 822 810 846 824 795
Total Assets 19,325 19,347 19,368 19,401 19,442
Liabilities & Shareholders Equity 3/31/2024 12/31/2023 9/30/2023 6/30/2023 3/31/2023
Notes Payable NA 0 0 0 0
Accounts Payable 15,043 14,866 15,060 15,248 15,272
Current Portion Long-Term Debt NA 0 0 0 0
Current Portion Capital Leases NA 0 0 0 0
Accrued Expenses NA 0 0 0 0
Income Taxes Payable NA 0 0 0 0
Other Current Liabilities NA 0 0 0 0
Total Current Liabilities 15,043 14,866 15,060 15,248 15,272
Mortgages NA 0 0 0 0
Deferred Taxes/Income NA 0 0 0 0
Convertible Debt NA 0 0 0 0
Long-Term Debt 1,025 1,218 1,000 901 992
Non-Current Capital Leases NA 0 0 0 0
Other Non-Current Liabilities 372 423 397 347
Minority Interest (Liabilities) NA 0 0 0 0
Total Liabilities 16,440 16,452 16,483 16,546 16,611
Shareholders Equity 3/31/2024 12/31/2023 9/30/2023 6/30/2023 3/31/2023
Preferred Stock NA 0 0 0 0
Common Stock (Par) 0 0 0 0 0
Capital Surplus 1,902 1,932 1,999 1,998 1,995
Retained Earnings 1,101 1,077 1,046 1,010 971
Other Equity -119 -115 -161 -153 -136
Treasury Stock NA 0 0 0 0
Total Shareholder's Equity 2,884 2,895 2,885 2,855 2,831
Total Liabilities & Shareholder's Equity 19,325 19,347 19,368 19,401 19,442
Total Common Equity 102,883 2,895 2,885 2,855 2,831
Shares Outstanding 42.40 43.80 44.10 44.10 44.30
Book Value Per Share 2,426.49 66.10 65.43 64.74 63.90