Independent Bank Corp (Massachusetts)
General ticker "INDB" information:
- Sector: Financials
- Industry: Banks
- Capitalization: $3.0B
Independent Bank Corp (Massachusetts) follows the US Stock Market performance with the rate: 44.4%.
Estimated limits based on current volatility of 2.3%: low 65.43$, high 68.55$
Factors to consider:
- Company pays dividends: last record date 2024-09-30, amount 0.57$ (Y3.45%)
- Company does not operate outside US (retrieved using AI)
- Price in estimated range
- Earnings for 9 months up through Q3 are close to our estimates
Stock Forecast*
* forecast is subjective and experimental, should not be used for any investment decisions
Long term estimates were made for the period from 2023-12-31 to 2025-12-30
- 2023-12-31 to 2024-12-30 estimated range: [48.50$, 69.68$]
- 2024-12-30 to 2025-12-30 estimated range: [55.12$, 77.59$]
Financial Metrics affecting the INDB estimates:
- Positive: Non-GAAP EPS, $ of 5.42 > 2.29
- Positive: -0.25 < Return on assets ratio (scaled to [-100,100]) of 1.22
- Negative: Investing cash flow per share, $ of -4.79 <= -3.48
- Positive: Operating profit margin, % of 39.60 > 19.51
Short-term INDB quotes
Long-term INDB plot with estimates
Financial data
| YTD | 2021-12-31 | 2022-12-31 | 2023-12-31 |
|---|---|---|---|
| Operating Revenue | $507.41MM | $727.92MM | $795.73MM |
| Operating Expenses | $350.73MM | $389.37MM | $480.59MM |
| Operating Income | $156.68MM | $338.55MM | $315.13MM |
| Non-Operating Income | $0.00MM | $9.21MM | $0.00MM |
| Interest Expense | $13.72MM | $29.59MM | $189.21MM |
| Income(Loss) | $156.68MM | $347.75MM | $315.13MM |
| Taxes | $35.68MM | $83.94MM | $75.63MM |
| Profit(Loss) | $120.99MM | $263.81MM | $239.50MM |
| Stockholders Equity | $3,018.45MM | $2,886.70MM | $2,895.25MM |
| Assets | $20,423.40MM | $19,294.17MM | $19,347.37MM |
| Operating Cash Flow | $190.22MM | $421.20MM | $276.99MM |
| Capital expenditure | $25.20MM | $22.07MM | $15.84MM |
| Investing Cash Flow | $-63.14MM | $-1,000.47MM | $-211.65MM |
| Financing Cash Flow | $816.96MM | $-1,308.48MM | $-193.95MM |
| Earnings Per Share* | $3.47 | $5.69 | $5.42 |
* EPS are Split Adjusted, recent splits may be reflected with a delay.