Independent Bank Corp.

NMS: INDB
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📈 ZcoreAI Score

Our AI model analyzes Independent Bank Corp.'s price action across multiple timeframes using regression channels and statistical scoring.

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About Independent Bank Corp.

Financial Services Banks - Regional
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 in the United States. It provides interest checking, money market, and savings accounts, as well as demand deposits and time certificates of deposit. The company also offers commercial real estate and construction, commercial and industrial, small business, secured and unsecured commercial, and consumer real estate loans; term loans and revolving/nonrevolving lines of credit; overdraft protection and letters of credit; and residential mortgages and home equity loans and lines. In addition, it provides cash management services, such as ACH transaction processing, positive pay, and remote deposit services; investment management and trust services to individuals, institutions, small businesses, and charitable institutions; interchange fees; ATM fees; mobile, online, and telephone banking; estate settlement, financial planning, tax services, and other services; debit and credit cards; and mutual fund and unit investment trust shares, third party model portfolios, general securities, fixed and variable annuities, and life insurance products, as well as advisory platforms. Further, the company invests in low-income housing tax credit projects; holds, maintains, and disposes foreclosed properties; and operates as an investment advisor. The company was founded in 1907 and is headquartered in Rockland, Massachusetts.

📊 Fundamental Analysis

Independent Bank Corp. demonstrates a healthy profit margin of 25.9%.

The company recently reported 47.1% revenue growth, which is well above average for the Financial Services sector.

Return on Equity (ROE) is 6.3%, which suggests room for improvement in capital utilization.

At a current price of $79.62, INDB currently sits at the 79th percentile of its 52-week range (Range: $52.15 - $87.00).

💰 Valuation Insight

INDB trades at a 49.4% premium to the sector average PE of 12.00. Analysts expect earnings growth, as indicated by a lower forward PE.

🏥 Financial Health

⚠️ Profit Margin Moderate
Revenue Growth Excellent
🔴 Return on Equity Weak
⚠️ Beta (Risk) Moderate Volatility

Key Financials

Market Cap
$3.90B
Trailing P/E
17.93
Forward P/E
9.58
Beta (5Y)
0.81
52W High
$87.00
52W Low
$52.15
Avg Volume
331K
Day High
Day Low
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