Equities

Independent Bank Corp (Massachusetts)

INDB:NSQ

Independent Bank Corp (Massachusetts)

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  • Price (USD)73.39
  • Today's Change2.61 / 3.66%
  • Shares traded185.80k
  • 1 Year change+45.36%
  • Beta0.9843
Data delayed at least 15 minutes, as of Sep 23 2021 21:00 BST.
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About the company

Independent Bank Corp. is a bank holding company. The Company operates through its subsidiary, Rockland Trust Company (the Bank). The Bank is a community-oriented commercial bank. Its community banking business provides a range of banking services, including lending activities, acceptance of demand, savings, and time deposits, and investment management. The Bank operates full service and limited-service retail branches, commercial banking centers, investment management offices and mortgage lending centers located in Eastern Massachusetts, Greater Boston, the South Shore, the Cape and Islands, Worcester County and Rhode Island. The Bank classifies loans as commercial loans, consumer real estate loans, or other consumer loans. Commercial loans consist of commercial and industrial loans, asset-based loans, commercial real estate loans, commercial construction loans and small business loans. The Bank offers a range of demand deposits, interest checking, savings and money market accounts.

  • Revenue in USD (TTM)391.06m
  • Net income in USD143.99m
  • Incorporated1985
  • Employees1.43k
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Mergers & acquisitions

Acquired companyDeal statusDateDate /
Deal status
INDB:NSQ since
announced
Transaction
value
Meridian Bancorp Inc,Peabody,MassachusettsAnnounced22 Apr 202122 Apr 2021Announced-7.77%1.16bn
Data delayed at least 15 minutes, as of Sep 23 2021 21:00 BST.

Peer analysis

Key Information
CompanyRevenue (TTM)Net income (TTM)Market capEmployeesPrice/earnings (TTM)Price/book value (MRQ)Price/cash flow (TTM)Price/sales (TTM)EPS (excl. extraordinary items, TTM)EPS (incl. extraordinary items, TTM)Revenue per share (TTM)Book value per share (MRQ)Asset turnover (TTM)Inventory turnover (TTM)Receivables turnover (TTM)Revenues per employee (TTM)Return on avg assets (TTM)Return on avg assets (5 yr avg)Return on investment (TTM)Return on investment (5 yr avg)Gross margin (TTM)Gross margin
(5 yr avg)
Net profit margin (TTM)Net Profit margin
(5 yr avg)
Quick ratio (MRQ)Interest coverage (TTM)Total debt to capital (MRQ)Payout ratio
(5 yr avg)
Revenue
(YOY change %)
Revenue
(5 yr growth rate)
Net income
(YOY change %)
Net income
(5 yr growth rate)
Capital expenditure
(5 yr growth rate)
Dividend
(5 yr growth rate)
WSFS Financial Corporation488.85m271.71m2.20bn1.84k8.301.177.453.395.585.5813.2739.63--------1.891.21--------41.7622.16------14.73-1.2823.02-24.0116.13-3.0617.98
Triumph Bancorp Inc355.34m113.64m2.22bn1.17k19.502.9716.535.664.534.5315.6531.56--------2.011.20--------29.8119.32------0.003.5226.676.4517.0648.46--
Washington Federal Inc.589.14m159.21m2.23bn2.08k15.401.1911.224.132.142.147.2432.06--------0.87561.16--------30.6335.82------33.73-7.483.21-17.511.59-2.8310.14
First Interstate Bancsystem Inc511.20m189.10m2.40bn2.46k12.691.2210.183.733.033.0310.3131.67--------1.071.13--------29.4125.28------51.23-5.4913.14-10.9413.1838.3211.84
Fulton Financial Corp724.41m243.17m2.42bn3.30k9.960.96698.892.651.491.495.5916.52--------0.98810.9296--------27.4223.72------44.61-9.994.94-22.283.31-5.688.24
Independent Bank Corp (Massachusetts)391.06m143.99m2.44bn1.43k16.941.4014.075.104.364.5114.4952.72--------1.061.23--------30.1028.07------39.79-10.0511.29-29.5512.363.7112.28
Live Oak Bancshares Inc334.34m166.38m2.53bn701.0015.453.8513.526.123.793.799.4815.19--------2.021.27--------40.1820.53------9.3826.5152.95209.4822.03-7.1764.38
International Bancshares Corp392.60m233.77m2.57bn2.25k11.021.139.864.443.683.689.1436.07--------1.631.44--------40.3431.95------31.01-13.281.48-18.424.12-19.4513.66
Columbia Banking System Inc514.17m209.31m2.58bn2.09k12.181.1011.414.322.952.958.4232.52--------1.241.21--------35.1528.23------56.69-2.299.50-20.429.492.849.86
United Community Banks, Inc.585.20m242.35m2.59bn2.44k10.781.3021.933.622.772.778.1824.07--------1.481.17--------35.1227.67------29.590.957114.91-13.6017.3711.8826.76
First Bancorp765.20m207.78m2.61bn3.32k13.091.2210.783.230.95790.95793.7210.47--------1.190.9756--------26.0320.35------13.022.532.73-39.5336.145.23--
Flagstar Bancorp Inc823.00m672.00m2.64bn5.50k4.081.06--1.2512.2412.2438.5547.25--------2.461.32--------31.9121.72--------3.1518.20146.7933.263.26--
CVB Financial Corp.427.82m211.73m2.65bn585.0012.451.2957.575.651.561.563.4615.12--------1.451.51--------45.3738.44------50.43-6.0110.47-14.8312.3520.119.37
Hilltop Holdings Inc.548.43m484.66m2.67bn4.90k5.821.085.071.255.665.7124.9730.44--------2.901.48--------23.5612.42------11.93-10.513.0793.7714.383.84--
Data as of Sep 23 2021. Currency figures normalised to Independent Bank Corp (Massachusetts)'s reporting currency: US Dollar USD

Institutional shareholders

54.00%Per cent of shares held by top holders
HolderShares% Held
BlackRock Fund Advisorsas of 30 Jun 20214.56m13.81%
The Vanguard Group, Inc.as of 30 Jun 20213.55m10.75%
SSgA Funds Management, Inc.as of 30 Jun 20211.80m5.45%
Victory Capital Management, Inc. (Investment Management)as of 30 Jun 20211.79m5.41%
Silvercrest Asset Management Group LLCas of 30 Jun 20211.52m4.61%
Champlain Investment Partners LLCas of 30 Jun 20211.52m4.59%
Dimensional Fund Advisors LPas of 30 Jun 20211.02m3.07%
Macquarie Investment Management Business Trustas of 30 Jun 2021740.54k2.24%
T. Rowe Price Associates, Inc. (Investment Management)as of 30 Jun 2021706.24k2.14%
Rockland Trust Co.as of 30 Jun 2021640.65k1.94%
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Data from 30 Jun 2021 - 30 Jun 2021Source: FactSet Research Systems Inc.
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