Independent Bank Corp. (INDB): Price and Financial Metrics

INDB POWR Grades

• Stability is the dimension where INDB ranks best; there it ranks ahead of 58.7% of US stocks.
• The strongest trend for INDB is in Growth, which has been heading down over the past 179 days.
• INDB ranks lowest in Sentiment; there it ranks in the 5th percentile.

INDB Stock Summary

• INDB's went public 33.51 years ago, making it older than 85.21% of listed US stocks we're tracking.
• With a year-over-year growth in debt of 551.47%, INDEPENDENT BANK CORP's debt growth rate surpasses 97.69% of about US stocks.
• In terms of twelve month growth in earnings before interest and taxes, INDEPENDENT BANK CORP is reporting a growth rate of 74.98%; that's higher than 85.43% of US stocks.
• Stocks with similar financial metrics, market capitalization, and price volatility to INDEPENDENT BANK CORP are FHB, RVSB, STBA, OBT, and TSBK.
• Visit INDB's SEC page to see the company's official filings. To visit the company's web site, go to www.rocklandtrust.com.

INDB Valuation Summary

• INDB's price/sales ratio is 3; this is 200% higher than that of the median Financial Services stock.
• Over the past 243 months, INDB's price/sales ratio has gone down 0.3.

Below are key valuation metrics over time for INDB.

INDB Growth Metrics

Its year over year net income to common stockholders growth rate is now at -2.75%.
• Its 4 year revenue growth rate is now at 60.13%.
• Its 2 year cash and equivalents growth rate is now at 290.42%.

Over the past 33 months, INDB's revenue has gone up $139,835,000.

The table below shows INDB's growth in key financial areas (numbers in millions of US dollars).

Date	Revenue	Operating Cash Flow	Net Income to Common Stock
2022-09-30	642.264	339.284	188.472
2022-06-30	581.016	244.905	156.582
2022-03-31	531.578	198.284	132.378
2021-12-31	489.204	190.22	120.992
2021-09-30	492.11	210.608	153.931
2021-06-30	478.292	195.751	148.797

INDB's Quality Factors

The “Quality” component of the POWR Ratings focuses on 31 different factors of a companies fundamentals and operational strength. Here are some key insights as we drill into the specifics of these quality attributes.

• INDB has a Quality Grade of C, ranking ahead of 34.61% of graded US stocks.
• INDB's asset turnover comes in at 0.035 -- ranking 283rd of 430 Banking stocks.
• ACNB, MTB, and RVSB are the stocks whose asset turnover ratios are most correlated with INDB.

The table below shows INDB's key quality metrics over time.