Independent Fundamentals

INDB -  USA Stock  

USD 84.04  0.25  0.30%

Independent Bk Corp fundamentals help investors to digest information that contributes to Independent's financial success or failures. It also enables traders to predict the movement of Independent Stock. This fundamental analysis module provides a way for investors to measures Independent's intrinsic value by examining all of its available economic and financial indicators and drivers, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Independent stock. Please note, this module does not cover all equities due to inconsistencies in global equity categorizations. Continue to Equity Screeners to view more equity screening tools.

Independent Fundamentals 

 
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The current year Income Tax Expense is expected to grow to about 36.6 M, whereas Consolidated Income is forecasted to decline to about 121.7 M.

Independent Earnings Per Share Analysis

Independent's Earnings per Share (EPS) denotes the portion of a company's earnings that is allocated to each share of common stock. To calculate Earnings per Share investors will need to take a company's net income, subtract any dividends for preferred stock, and divide it by the number of average outstanding shares. EPS is usually presented in two different ways: basic and diluted. Fully diluted Earnings per Share takes into account effects of warrants, options, and convertible securities and is generally viewed by analysts as a more accurate measure.
 2019 2020 2021 2022 (projected)
Net Income165.18 M121.17 M139.34 M121.68 M
Gross Profit502.43 M426.67 M490.67 M441.45 M
Earnings per Share 
 = 
Earnings 
Average Shares 
More About Earnings Per Share | All Equity Analysis

Current Independent Earnings Per Share

    
  4.66 X  
Most of Independent's fundamental indicators, such as Earnings Per Share, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Independent Bk Corp is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.

Independent Earnings Per Share Historical Pattern

Today, most investors in Independent Stock are looking for potential investment opportunities by analyzing not only static indicators but also various Independent's growth ratios. Consistent increases or drops in fundamental ratios usually indicate a possible pattern that can be successfully translated into profits. However, when comparing two companies, knowing each company's earnings per share growth rates may not be enough to decide which company is a better investment. That's why investors frequently use a static breakdown of Independent earnings per share as a starting point in their analysis.
 Independent Earnings Per Share 
Share
      Timeline 
Earnings per Share is one of the most critical measures of the firm's current share price and is used by investors to determine the overall company profitability, especially when compared to the EPS of similar companies.
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Independent Shareholders Equity

Shareholders Equity

1.57 BillionShare
Independent Shareholders Equity is projected to increase significantly based on the last few years of reporting. The past year's Shareholders Equity was at 1.96 Billion
According to the company disclosure, Independent Bk Corp has an Earnings Per Share of 4.66 times. This is 66.43% higher than that of the Financial Services sector and significantly higher than that of the Banks—Regional industry. The earnings per share for all United States stocks is 49.36% lower than that of the firm.

Independent Bk Corp Fundamental Drivers 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 rated second overall in short ratio category among related companies. It is currently regarded as number one stock in z score category among related companies totaling about  3.20  of Z Score per Short Ratio. . 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 Current Valuation Drivers

We derive many important indicators used in calculating different scores of Independent from analyzing Independent's financial statements. These drivers represent accounts that assess Independent's ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of Independent's important valuation drivers and their relationship over time.
201720182019202020212022 (projected)
Net Income Per Employee78.7 K102.38 K122.53 K87.88 K79.09 K71.14 K
Revenue Per Employee325.08 K346.98 K417.14 K371.94 K334.75 K307.42 K
Average Assets7.97 B8.42 B10.88 B12.85 B14.77 B12.23 B
Earnings Before Interest Taxes and Depreciation Amortization EBITDA150.31 M171.56 M237.55 M180.1 M207.11 M183.18 M
Earnings Before Interest Taxes and Depreciation Amortization USD150.31 M171.56 M237.55 M180.1 M207.11 M183.18 M
Earnings before Tax134.54 M155.93 M218.11 M152.84 M175.76 M158.28 M
Average Equity916.77 M1 B1.53 B1.69 B1.94 B1.53 B
Enterprise Value2 B1.99 B2.94 B1.44 B1.65 B1.77 B
Free Cash Flow112.14 M132.92 M203.74 M58.15 M66.87 M91.36 M
Invested Capital7.95 B8.59 B11.01 B11.56 B13.29 B11.48 B
Invested Capital Average7.82 B8.22 B10.55 B11.61 B13.35 B11.38 B
Market Capitalization1.92 B1.94 B2.86 B2.41 B2.77 B2.35 B
Tangible Asset Value7.84 B8.58 B10.86 B12.67 B14.58 B12.13 B

Independent Fundamentals

About Independent Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze Independent Bk Corp's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Independent using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Independent Bk Corp based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
Last ReportedProjected for 2022
Revenues490.7 M441.5 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 was founded in 1907 and is headquartered in Rockland, Massachusetts. Independent operates under BanksRegional classification in the United States and is traded on NASDAQ Exchange. It employs 1432 people.

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Our tools can tell you how much better you can do entering a position in Independent without increasing your portfolio risk or giving up expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate.risk-adjusted returns of your individual positions relative to your overall portfolio.

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Macroaxis puts the power of mathematics on your side. We analyze your portfolios and positions such as Independent Bk Corp using complex mathematical models and algorithms, but make them easy to understand. There is no real person involved in your portfolio analysis. We perform a number of calculations to compute absolute and relative portfolio volatility, correlation between your assets, value at risk, expected return as well as over 100 different fundamental and technical indicators.

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Please see Independent Piotroski F Score and Independent Altman Z Score 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 Money Flow Index module to determine momentum by analyzing Money Flow Index and other technical indicators.

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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.