Independent Bank Corp.INDB

$81.05-0.02 (-0.02%)
NASDAQFinancial Services24:00 UTC

Company snapshot

Market Cap
$4B
Mid-cap
+215%
2016 — today
10-Year Price
+69%
2016 — today
52-Week Range
$61.78$86.01
Current $81.05· 80%

Independent Bank Corp. functions as the parent company for Rockland Trust Company, delivering a wide array of commercial banking products and services. Its clientele primarily consists of private individuals and small to mid-sized businesses, largely within Massachusetts. The institution offers diverse deposit options, including interest-bearing checking, money market, and savings accounts, in addition to demand deposits and time certificates of deposit. Its extensive lending portfolio covers commercial and industrial loans, commercial real estate and construction financing, small business loans, consumer real estate loans, and personal loans. Beyond core banking, the company provides wealth management and fiduciary services for a broad spectrum of clients, from private individuals and institutions to small businesses and charitable organizations. It also offers digital banking solutions (online and mobile), estate planning, financial advisory, and tax assistance. Customers have access to ATM and debit card services, alongside various investment products such as mutual funds, unit investment trusts, general securities, fixed and variable annuities, and life insurance. As of December 31, 2021, Independent Bank Corp. maintained a substantial physical presence, operating 119 retail branches, two limited-service retail branches, and one mobile branch. These facilities are strategically located across Eastern Massachusetts, encompassing Barnstable, Bristol, Dukes, Essex, Middlesex, Nantucket, Norfolk, Plymouth, Suffolk, and Worcester counties. Established in 1907, the company is headquartered in Rockland, Massachusetts.

Valuation in context

P/E ratio
16.1
Below average
Below the 10-year average
P/B ratio
1.1
Below average
Below the 10-year average
EV / EBITDA
12.9
Above average
Pricier than usual over the last 10 years
Dividend Yield
3.0%
Above average
Above the 10-year average
PEG ratio
4.0
Historically pricey
Historically pricey — last 10 years
FCF Yield
8.8%
Historically high
Historically high relative to the last 10 years
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