Independent Financial Statements From 2010 to 2022

INDB
 Stock
  

USD 79.08  0.62  0.79%   

Independent financial statements provide useful quarterly and yearly information to potential Independent Bk Corp investors about the company's current and past financial position, as well as its overall management performance and changes in financial position over time. Historical trend examination of various income statement and balance sheet accounts found on Independent financial statements helps investors assess Independent's valuation, profitability, and current liquidity needs.
We have found eighty-four available fundamental trends for Independent Bk Corp, which can be analyzed and compared to other ratios and to its competitors. Make sure you confirm all of Independent Bk Corp regular market performance against the performance between 2010 and 2022 to make sure the company can sustain itself down the road.
Independent Enterprise Value is projected to increase significantly based on the last few years of reporting. The past year's Enterprise Value was at 843.77 Million. The current year Tangible Asset Value is expected to grow to about 20.9 B, whereas Net Income Per Employee is forecasted to decline to about 71.1 K.
  
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Check Independent financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Independent main balance sheet or income statement drivers, such as Consolidated Income of 114 M, Earning Before Interest and Taxes EBIT of 150.5 M or Gross Profit of 449.8 M, as well as many exotic indicators such as Calculated Tax Rate of 27.95, PPandE Turnover of 5.28 or Cash and Equivalents Turnover of 0.96. Independent financial statements analysis is a perfect complement when working with Independent Valuation or Volatility modules. It can also supplement various Independent Technical models. Please see the analysis of Independent Correlation against competitors.

Independent Revenues

449.77 Million

Share

Independent Balance Sheet

Current ValueLast YearHistorical Average 10 Year Trend
Total Assets22 B20.4 B9.8 B
Increasing
Slightly volatile
Cash and Equivalents2.4 B2.2 B632.3 M
Increasing
Slightly volatile
Investments13.2 B16.4 B8.1 B
Increasing
Slightly volatile
Deposit Liabilities18.3 B16.9 BB
Increasing
Slightly volatile
Property Plant and Equipment Net156.3 M195.6 M93.8 M
Increasing
Slightly volatile
Goodwill and Intangible Assets1.1 BB380.3 M
Increasing
Slightly volatile
Total Liabilities13.8 B17.4 B8.2 B
Increasing
Slightly volatile
Shareholders Equity3.3 BB1.2 B
Increasing
Slightly volatile
Accumulated Retained Earnings Deficit669.8 M766.7 M459.1 M
Increasing
Slightly volatile
Accumulated Other Comprehensive IncomeM2.2 M2.6 M
Increasing
Slightly volatile
Total Debt228.8 M152.4 M357.6 M
Decreasing
Slightly volatile
Shareholders Equity USD3.3 BB1.2 B
Increasing
Slightly volatile
Cash and Equivalents USD2.4 B2.2 B632.3 M
Increasing
Slightly volatile
Total Debt USD228.8 M152.4 M357.6 M
Decreasing
Slightly volatile
Long Term Debt191.3 M167.1 M178.7 M
Decreasing
Stable

Independent Income Statement

Current ValueLast YearHistorical Average 10 Year Trend
Revenues449.8 M489.2 M331.7 M
Increasing
Slightly volatile
Selling General and Administrative Expense210.2 M228.1 M156.3 M
Increasing
Slightly volatile
Operating Expenses299 M332.5 M215.3 M
Increasing
Slightly volatile
Income Tax Expense36.5 M35.7 M30 M
Increasing
Slightly volatile
Consolidated Income114 M121 M85.8 M
Increasing
Slightly volatile
Net Income114 M121 M85.8 M
Increasing
Slightly volatile
Net Income Common Stock114 M121 M85.8 M
Increasing
Slightly volatile
Weighted Average Shares34.1 M34.9 M27.2 M
Increasing
Slightly volatile
Weighted Average Shares Diluted34.1 M34.9 M27.3 M
Increasing
Slightly volatile
Earning Before Interest and Taxes EBIT150.5 M156.7 M115.8 M
Increasing
Slightly volatile
Revenues USD449.8 M489.2 M331.7 M
Increasing
Slightly volatile
Net Income Common Stock USD114 M121 M85.8 M
Increasing
Slightly volatile
Earning Before Interest and Taxes USD150.5 M156.7 M115.8 M
Increasing
Slightly volatile
Gross Profit449.8 M489.2 M331.7 M
Increasing
Slightly volatile
Operating Income150.8 M156.7 M116.4 M
Increasing
Slightly volatile

Independent Cash Flow Statement

Current ValueLast YearHistorical Average 10 Year Trend
Net Cash Flow Business Acquisitions and Disposals976.9 M905.4 M195.9 M
Increasing
Slightly volatile
Net Cash Flow Investment Acquisitions and Disposals(806.5 M)(785.8 M)(322.5 M)
Decreasing
Slightly volatile
Net Cash Flow from Financing881.5 M817 M350.2 M
Increasing
Slightly volatile
Issuance Repayment of Debt Securities (620.8 M)(604.8 M)(146.2 M)
Decreasing
Slightly volatile
Issuance Purchase of Equity Shares773.6 K717 K(4.9 M)
Decreasing
Slightly volatile
Net Cash Flow from Investing(68.1 M)(63.1 M)(223 M)
Increasing
Stable
Net Cash Flow from Operations166.4 M190.2 M114 M
Increasing
Slightly volatile
Net Cash Flow or Change in Cash and Cash EquivalentsB944 M244.2 M
Increasing
Slightly volatile
Share Based Compensation4.3 M4.3 M3.5 M
Increasing
Slightly volatile
Depreciation Amortization and Accretion26.6 M32.8 M16.5 M
Increasing
Slightly volatile

Financial Ratios

Current ValueLast YearHistorical Average 10 Year Trend
Earnings per Basic Share3.613.473.0493
Increasing
Slightly volatile
Earnings per Diluted Share3.613.473.0462
Increasing
Slightly volatile
Earnings per Basic Share USD3.613.473.0493
Increasing
Slightly volatile
Dividends per Basic Common Share1.751.921.2667
Increasing
Slightly volatile
Return on Average Equity0.06960.0590.0904
Decreasing
Slightly volatile
Return on Average Assets0.01010.0080.01
Increasing
Slightly volatile
Return on Invested Capital0.01460.0120.0141
Increasing
Slightly volatile
Gross Margin0.890.90.9842
Decreasing
Slightly volatile
Profit Margin0.280.2470.2512
Increasing
Slightly volatile
EBITDA Margin0.430.3870.3904
Increasing
Slightly volatile
Return on Sales0.360.320.3413
Increasing
Slightly volatile
Asset Turnover0.03340.0310.0401
Decreasing
Slightly volatile
Payout Ratio0.530.5530.4176
Increasing
Slightly volatile
Enterprise Value over EBITDA4.574.45311.3269
Decreasing
Slightly volatile
Enterprise Value over EBIT5.135.012.7794
Decreasing
Slightly volatile
Price to Earnings Ratio23.0823.49618.4186
Increasing
Slightly volatile
Sales per Share14.3314.02911.9989
Increasing
Slightly volatile
Price to Sales Ratio5.765.8124.6124
Increasing
Slightly volatile
Price to Book Value1.370.8931.517
Increasing
Very volatile
Debt to Equity Ratio6.375.7667.9188
Decreasing
Slightly volatile
Dividend Yield0.02220.0240.023
Decreasing
Slightly volatile
Free Cash Flow per Share4.654.7373.6867
Increasing
Slightly volatile
Book Value per Share93.3986.55841.5255
Increasing
Slightly volatile
Tangible Assets Book Value per Share473556317
Increasing
Slightly volatile
Total Assets Per Share310360292
Increasing
Slightly volatile
Cash Flow Per Share2.491.763.485
Increasing
Very volatile
Calculated Tax Rate27.9523.8326.5112
Decreasing
Very volatile
PPandE Turnover5.284.94.731
Decreasing
Stable
Cash and Equivalents Turnover0.960.641.363
Decreasing
Stable
Revenue to Assets0.050.04470.046
Decreasing
Stable

Independent Valuation Data

Current ValueLast YearHistorical Average 10 Year Trend
Earnings before Tax150.5 M156.7 M115.8 M
Increasing
Slightly volatile
Earnings Before Interest Taxes and Depreciation Amortization EBITDA177.1 M189.5 M132.3 M
Increasing
Slightly volatile
Earnings Before Interest Taxes and Depreciation Amortization USD177.1 M189.5 M132.3 M
Increasing
Slightly volatile
Market Capitalization2.4 B2.7 B1.6 B
Increasing
Slightly volatile
Enterprise Value1.3 B843.8 M1.4 B
Increasing
Slightly volatile
Invested Capital14.1 B17.3 B8.8 B
Increasing
Slightly volatile
Average Equity1.7 B2.1 BB
Increasing
Slightly volatile
Average Assets13.2 B15.7 B8.5 B
Increasing
Slightly volatile
Invested Capital Average11.6 B13.2 B8.1 B
Increasing
Slightly volatile
Tangible Asset Value20.9 B19.4 B9.4 B
Increasing
Slightly volatile
Free Cash Flow146.7 M165.2 M102.4 M
Increasing
Slightly volatile
Revenue Per Employee307.4 K334.8 K313.1 K
Increasing
Slightly volatile
Net Income Per Employee71.1 K79.1 K70.9 K
Increasing
Slightly volatile

Independent Fundamental Market Drivers

Short Percent Of Float2.54%
Forward Price Earnings13.83
Shares Short Prior Month963.24k
Average Daily Volume Last 10 Day276.61k
Average Daily Volume In Three Month205.24k
Date Short Interest29th of April 2022
Fifty Day Average79.52
Two Hundred Day Average81.60

Independent Upcoming Events

Upcoming Quarterly Report20th of January 2022
Next Financial Report28th of April 2022
Next Fiscal Quarter End31st of December 2021
Next Fiscal Year End20th of January 2022
Last Quarter Report30th of September 2021
Last Financial Announcement31st of December 2020

About Independent Financial Statements

There are typically three primary documents that fall into the category of financial statements. These documents include Independent income statement, its balance sheet, and the statement of cash flows. Independent investors use historical funamental indicators, such as Independent's revenue or net income, to determine how well the company is positioned to perform in the future. Although Independent investors may use each financial statement separately, they are all related. The changes in Independent's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Independent's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet, but not equivalent to net income shown on the income statement. We offer a historical overview of the basic patterns found on Independent Financial Statements. Understanding these patterns can help to make the right decision on long term investment in Independent. Please read more on our technical analysis and fundamental analysis pages.
Last ReportedProjected for 2022
Revenues489.2 M449.8 M
Revenue to Assets 0.0447  0.05 
Revenue Per Employee334.8 K307.4 K
Independent Bank Corp. operates as the bank holding company for Rockland Trust Company that provides commercial banking products and services to individuals and small-to-medium sized businesses primarily in Massachusetts. The company accepts interest checking, money market, and savings accounts, as well as demand deposits and time certificates of deposit. It also offers commercial and industrial, commercial real estate and construction, small business, consumer real estate, and personal loans. In addition, the company provides investment management and trust services to individuals, institutions, small businesses, and charitable institutions Internet and mobile banking services, as well as estate settlement, financial planning, tax services, and other services automated teller machine and debit cards and mutual fund and unit investment trust shares, general securities, fixed and variable annuities, and life insurance products. As of December 31, 2021, it operates one hundred nineteen retail branches, two limited-service retail branches, and one mobile branch located within Barnstable, Bristol, Dukes, Essex, Middlesex, Nantucket, Norfolk, Plymouth, Suffolk, and Worcester counties in Eastern Massachusetts. The company was founded in 1907 and is headquartered in Rockland, Massachusetts.

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Please see the analysis of Independent Correlation against competitors. Note that the Independent Bk Corp information on this page should be used as a complementary analysis to other Independent's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try Shere Portfolio module to track or share privately all of your investments from the convenience of any device.

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Is Independent's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Independent. If investors know Independent will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Independent listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth YOY
-0.11
Market Capitalization
3.7 B
Quarterly Revenue Growth YOY
0.34
Return On Assets
0.0078
Return On Equity
0.0566
The market value of Independent Bk Corp is measured differently than its book value, which is the value of Independent that is recorded on the company's balance sheet. Investors also form their own opinion of Independent's value that differs from its market value or its book value, called intrinsic value, which is Independent's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Independent's market value can be influenced by many factors that don't directly affect Independent's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Independent's value and its price as these two are different measures arrived at by different means. Investors typically determine Independent value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Independent's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.