Independent Stock Financials

INDB -  USA Stock  

USD 85.72  5.45  6.79%

Understanding current and past Independent Financials, including the trends in assets, liabilities, equity and income are directly related to making proper and timely investing decisions. All of Independent's financial statements are interrelated, with each one affecting the others. For example, an increase in Independent's assets may result in an increase in income on the income statement. Because of this, it is necessary to analyze all of Independent's financials over time to get the whole picture.
Independent Enterprise Value is projected to increase significantly based on the last few years of reporting. The past year's Enterprise Value was at 1.44 Billion. The current year Free Cash Flow is expected to grow to about 83.7 M, whereas Net Income Per Employee is forecasted to decline to about 75.8 K.
Use fundamental data analysis to validate all available fundamentals of Independent Bk Corp to find out if markets are presently mispricing the company. We were able to break down thirty-four available reported financial drivers for Independent Bk Corp, which can be compared to its competitors. To make sure the equity is not overpriced, please check out all Independent financials, including its current valuation, number of shares shorted, revenue, as well as the relationship between the shares owned by insiders and price to book . Given that Independent Bk Corp has a number of shares shorted of 1.32 M, we strongly advise you to confirm Independent Bk Corp regular market performance to make sure the company can sustain itself down the road. Use Independent to enhance returns of your portfolios. The stock experiences a very speculative upward sentiment. Check odds of Independent to be traded at $107.15 in 90 days.

Independent Fundamentals 

 
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With this module, you can analyze Independent financials for your investing period. You should be able to track the changes in Independent individual financial statements over time to develop the understanding of its risk, liquidity, profitability, or other critical and vital indicators.
The fundamental analysis of Independent is a critical element in measuring its lifeblood. The essential information of the day-to-day investment outlook for Independent includes many different criteria found on its balance sheet. For example, investors should never minimize Independent's ability to pay suppliers or employees on time, making sure interest payments are not accumulating or correctly timing where and how to re-invest extra cash. Any individual investor needs to monitor Independent's cash flow, debt, and profitability to effectively and accurately make more informed decisions on whether to invest in Independent.

Independent Bk Corp Cash

Chance Of Financial Distress
Less than 12
Independent Bk Corp has less than 12 (%) percent chance of experiencing financial distress in the next two years of operations. The calculation of odds of distress for Independent stock is tightly coupled with the Probability of Bankruptcy. It complements the equity performance score by supplying investors with insight into company financials without requiring them to know too much about all of the complex accounting and financial indicators surrounding the entity. More Info
The data published in Independent's official financial statements usually reflect Independent's business processes, product offerings, services, and other fundamental events. But there are other numbers, ratios, or fundamental indicators derived from these statements that are easier to understand and visualize within the underlying realities that drive quantitative information of Independent Bk Corp. For example, before you start analyzing numbers published by Independent accountants, it's critical to develop an understanding of what Independent's liquidity, profitability, and earnings quality are in the context of the Financial Services space in which it operates.
Please note, the presentation of Independent's financial position, as portrayed in its financial statements, is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, Independent's management is honest, while the outside auditors are strict and uncompromising. Whatever the case, the imprecision that can be found in Independent's accounting process means that the reasonable investor should take a skeptical approach toward the financial statement analysis of Independent Bk Corp. Please utilize our Beneish M Score to check the likelihood of Independent's management to manipulate its earnings.

Independent Company Summary

Independent competes with Bank First. 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. Its products and services include demand deposits and time certificates of deposit, as well as checking, money market, and savings accounts. The companys loan portfolio includes commercial loans, such as commercial and industrial, asset-based, commercial real estate, commercial construction, and small business loans consumer real estate loans, including residential mortgages and home equity loans, and loans for the construction of residential properties and personal loans. It also provides investment management and trust services to individuals, institutions, small businesses, and charitable institutions Internet and mobile banking services, as well as automated teller machine cards and debit cards and mutual fund shares, unit investment trust shares, general securities, fixed and variable annuities, and life insurance products. As of December 31, 2020, it operates through a network of ninety-six full service and two limited service retail branches, sixteen commercial banking centers, ten investment management offices, and eight mortgage lending centers in Eastern Massachusetts, Greater Boston, the South Shore, and the Cape and Islands, as well as in Worcester County and Rhode Island. The company was founded in 1907 and is headquartered in Rockland, Massachusetts.
Specialization
Financial Services, Banks - Regional
InstrumentUSA Stock View All
ExchangeNASDAQ Exchange
CIK Number0000776901
CUSIP453836108
RegionNorth America
LocationMassachusetts; U.S.A
Business Address2036 Washington Street,
SectorFinancial Services
IndustryBanks—Regional
BenchmarkDOW
Websitewww.RocklandTrust.com
Phone781 878 6100
CurrencyUSD - US Dollar
You should never invest in Independent without having analyzed its financial statements. Do not rely on someone else's analysis or guesses about the future performance of Independent Stock, because this is throwing your money away. Analyzing the key information contained in Independent's financial statements can give you an edge over other investors and help to ensure that your investments perform well for you.

Independent Key Financial Ratios

Generally speaking, Independent's financial ratios allow both analysts and investors to convert raw data from Independent's financial statements into concise, actionable information that can be used to evaluate the performance of Independent over time and compare it to other companies across industries. There are many critical financial ratios that investors are exposed to on a daily basis, but they are usually grouped into few meaningful categories from each financial statement that Independent Bk Corp reports annually and quarterly.

Independent Key Balance Sheet Accounts

201620172018201920202021 (projected)
Long Term Debt107.74 M107.75 M110.9 M187.35 M145.32 M179.87 M
Accumulated Other Comprehensive Income(1.34 M)(1.83 M)(1.17 M)18.17 M40.7 M43.91 M
Total Assets7.71 B8.08 B8.85 B11.4 B13.2 B11.39 B
Cash and Equivalents289.1 M213.12 M250.46 M150.97 M1.3 B1.4 B
Cash and Equivalents USD289.1 M213.12 M250.46 M150.97 M1.3 B1.4 B
Total Debt335.47 M323.7 M258.71 M303.1 M181.06 M259.71 M
Total Debt USD335.47 M323.7 M258.71 M303.1 M181.06 M259.71 M
Deposit Liabilities6.41 B6.73 B7.43 B9.15 B10.99 B9.41 B
Shareholders Equity864.69 M943.81 M1.07 B1.71 B1.7 B1.41 B
Shareholders Equity USD864.69 M943.81 M1.07 B1.71 B1.7 B1.41 B
Goodwill and Intangible Assets231.37 M241.15 M271.36 M535.49 M529.31 M427.5 M
Investments6.95 B7.41 B8.1 B10.24 B10.71 B9.59 B
Total Liabilities6.84 B7.14 B7.78 B9.69 B11.5 B9.98 B
Property Plant and Equipment Net78.48 M94.72 M97.58 M123.67 M116.39 M106.77 M
Accumulated Retained Earnings Deficit414.1 M465.94 M546.74 M654.18 M716.02 M613.83 M

Independent Key Income Statement Accounts

An income statement is very similar to a cash flow statement, but instead of showing net revenue minus expenses, it only includes earnings before interest and taxes (EBIT). This number does not have all of the same line items that are on a cash flow statement, but it leaves out non-cash expenses like depreciation and amortization. For example, if you bought $100 worth of goods from Walmart (WMT) using your debit card that has an interest rate of 20%, then paid off the balance at the end of the month with a credit card that charges 30% interest, you would have an income statement showing EBIT of $80 because your expenses are lower than the amount that went into your pocket. The other reason investors look at the income statement is to determine what Independent's earnings per share (EPS) will be in order to see if they want to buy more shares or not. For example, if a company earned $20 million in the last quarter and has 100,000 shares outstanding, its EPS is 20 cents. If you find that this number beats analysts' forecasts or is higher than it was from the same period last year, then you might want to buy more of this stock even though its price per share may not have changed.
201620172018201920202021 (projected)
Consolidated Income76.65 M87.2 M121.62 M165.18 M121.17 M109.83 M
Earning Before Interest and Taxes EBIT112.08 M134.54 M155.93 M218.11 M152.84 M142.99 M
Earning Before Interest and Taxes USD112.08 M134.54 M155.93 M218.11 M152.84 M142.99 M
Gross Profit304.2 M338.9 M381.89 M502.43 M426.67 M401.23 M
Net Income76.65 M87.2 M121.62 M165.18 M121.17 M109.83 M
Net Income Common Stock76.65 M87.2 M121.62 M165.18 M121.17 M109.83 M
Net Income Common Stock USD76.65 M87.2 M121.62 M165.18 M121.17 M109.83 M
Operating Expenses191.69 M204.36 M225.97 M282.86 M272.12 M257.03 M
Operating Income112.51 M134.54 M155.93 M219.57 M154.55 M144.2 M
Revenues304.2 M338.9 M381.89 M502.43 M426.67 M401.23 M
Revenues USD304.2 M338.9 M381.89 M502.43 M426.67 M401.23 M
Selling General and Administrative Expense145.17 M155.31 M165.38 M199.78 M206.02 M192.28 M
Weighted Average Shares26.4 M27.29 M27.59 M32.81 M33.26 M32.48 M
Weighted Average Shares Diluted26.46 M27.37 M27.65 M32.86 M33.29 M32.53 M
Income Tax Expense35.43 M47.34 M34.3 M52.93 M31.67 M33.16 M

Independent Key Cash Accounts

Cash flow analysis captures how much money flows into and out of Independent Bk Corp. It measures of how well Independent is doing because it can show the actual money that comes into and out of the company from sales instead of measuring expenses against revenue to determine earnings. You have to read the cash flow statement in three sections. The first section shows how much money Independent brought in, usually known as net revenue or sales. This is different from earnings because it does not include expenses when determining net revenue for use on this part of the cash flow statement. Next, are operating activities, which show how much money Independent had leftover after paying for its expenses. This number can be calculated in two ways: by subtracting the total of all operating expenses from net revenue or by adding up changes to cash and other assets or liabilities on this part of the statement. The third section is about investing activities, which shows what Independent has done with the money that it received from the sale of assets or what it spent to acquire new ones. This section can be broken down into two parts: investing in existing businesses (in other words, buying more stock) and investing in non-business activities like paying off debt or making acquisitions.
201620172018201920202021 (projected)
Capital Expenditure(10.05 M)(18.77 M)(8.92 M)(12.79 M)(6.49 M)(7 M)
Depreciation Amortization and Accretion14.35 M15.76 M15.63 M19.44 M27.26 M22.51 M
Net Cash Flow or Change in Cash and Cash Equivalents13.33 M(75.98 M)37.34 M(99.48 M)1.15 B1.24 B
Net Cash Flow Business Acquisitions and Disposals8.67 M6.29 M(6.91 M)(105.26 M)(94.74 M)(97.23 M)
Issuance Purchase of Equity Shares1.83 M428 K1.52 M3.77 M(93.95 M)(96.42 M)
Issuance Repayment of Debt Securities(59.84 M)(14.23 M)43.07 M(80.75 M)(122.19 M)(131.83 M)
Payment of Dividends and Other Cash Distributions(29.71 M)(34.05 M)(40.17 M)(53.27 M)(60.84 M)(62.44 M)
Net Cash Flow from Financing159.32 M109.88 M283.01 M(336.16 M)1.57 B1.69 B
Net Cash Flow from Investing(238.89 M)(316.77 M)(387.51 M)20.16 M(488.21 M)(501.06 M)
Net Cash Flow Investment Acquisitions and Disposals(238.72 M)(307.9 M)(374.76 M)132.72 M(484.97 M)(497.74 M)
Net Cash Flow from Operations92.9 M130.91 M141.84 M216.52 M64.64 M92.71 M
Share Based Compensation3.63 M3.33 M4.22 M4.4 M4.12 M4.09 M

Independent Financial Ratios Relationships

Comparative valuation techniques use various fundamental indicators to help in determining Independent's current stock value. Our valuation model uses many indicators to compare Independent value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Independent competition to find correlations between indicators driving Independent's intrinsic value. More Info.
Independent Bk Corp is currently regarded as number one stock in net income category among related companies. It is currently regarded as number one stock in shares owned by institutions category among related companies . The ratio of Net Income to Shares Owned by Institutions for Independent Bk Corp is about  1,635,785 . Independent Net Income is projected to increase significantly based on the last few years of reporting. The past year's Net Income was at 121.17 Million. Comparative valuation analysis is a catch-all model that can be used if you cannot value Independent by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Independent's Stock . Still, instead, it compares the stock's price multiples to a benchmark or nearest competition to determine if the stock is relatively undervalued or overvalued. The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the Independent's earnings, one of the primary drivers of an investment's value.

Independent Bk Corp Systematic Risk

Independent's systematic risk plays a vital role in portfolio allocation when considering its stock to be added to a well-diversified portfolio. Independent volatility which cannot be eliminated through diversification, requires returns over the risk-free rate. Over the long run, a well-diversified portfolio provides returns that match its exposure to systematic risk. In this case, investors face a trade-off between expected returns and systematic risk and, therefore, can only reduce a portfolio's exposure to systematic risk by sacrificing expected returns on the portfolio.
The output start index for this execution was ten with a total number of output elements of fifty-one. The Beta measures systematic risk based on how returns on Independent Bk Corp correlated with the market. If Beta is less than 0 Independent generally moves in the opposite direction as compared to the market. If Independent Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one Independent Bk Corp is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of Independent is generally in the same direction as the market. If Beta > 1 Independent moves generally in the same direction as, but more than the movement of the benchmark. View also all equity analysis or get more info about beta statistic functions indicator.

About Independent Financials

What exactly are Independent Financials? Typically, a company's financial statements are the reports that show the financial position of the company. Three primary documents fall into the category of financial statements. These documents include Independent's income statement, its balance sheet, and the statement of cash flows. Potential Independent investors and stakeholders use financial statements 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. Please read more on our technical analysis and fundamental analysis pages.
 2018 2019 2020 2021 (projected)
Cash and Equivalents250.46 M150.97 M1.3 B1.4 B
Total Assets8.85 B11.4 B13.2 B11.39 B
There are several different ways that investors can use financial statements to try and predict whether a stock price will go up or down. Unfortunately, there is no surefire formula, but there are some general guidelines that you should keep in mind when looking at the numbers. First, realize what kind of company it is so you know if its revenues are more likely to grow or shrink over time. For example, a software company's revenue is expected to increase year after year due to new products and services that its customers will want to buy. At the same time, a car manufacturer might not be able to sell as many cars when the economy slows down, so it would have less net income during those times. Second, pay attention to its debt to equity ratio because this number will tell you how much risk it has. If a company such as Independent is not taking on any additional risks, its debt-to-equity should be less than one. As a general rule of thumb, if the market value or book value (which can be found in the footnotes) of assets exceeds the company's liabilities, then it is probably in good shape. Finally, use other financial statements to try and figure out if a stock price will go up or down because investors are always looking for growth opportunities when they buy new stocks. For example, if you see that net revenue of Independent grown by more than 25% over the last five years, then there is a good chance that it will continue growing at least by 20% or more each year. On the other hand, if you see that net revenue has only grown by about 15%, which is barely above inflation levels, then chances are it will not grow much faster than this over time, and investors may shy away from buying it.

Independent November 30, 2021 Opportunity Range

Along with financial statement analysis, the daily predictive indicators of Independent help investors to analyze its daily demand and supply, volume, patterns, and price swings to determine the real value of Independent Bk Corp. We use our internally-developed statistical techniques to arrive at the intrinsic value of Independent Bk Corp based on widely used predictive technical indicators. In general, we focus on analyzing Independent Stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Independent's daily price indicators and compare them against related drivers.
Downside Deviation1.87
Information Ratio0.0564
Maximum Drawdown7.54
Value At Risk(2.81)
Potential Upside3.66
Please see Risk vs Return Analysis. 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 Portfolio Backtesting module to avoid under-diversification and over-optimization by backtesting your portfolios.

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When running Independent Bk Corp price analysis, check to measure Independent's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Independent is operating at the current time. Most of Independent's value examination focuses on studying past and present price action to predict the probability of Independent's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Independent's price. Additionally, you may evaluate how the addition of Independent to your portfolios can decrease your overall portfolio volatility.
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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.
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.