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

INDB POWR Grades

• Growth is the dimension where INDB ranks best; there it ranks ahead of 80.72% of US stocks.
• INDB's strongest trending metric is Growth; it's been moving up over the last 177 days.
• INDB ranks lowest in Sentiment; there it ranks in the 8th percentile.

INDB Stock Summary

• With a year-over-year growth in debt of -27.82%, INDEPENDENT BANK CORP's debt growth rate surpasses just 11.2% of about US stocks.
• The volatility of INDEPENDENT BANK CORP's share price is greater than that of just 3.26% US stocks with at least 200 days of trading history.
• INDEPENDENT BANK CORP's shareholder yield -- a measure of how much capital is returned to stockholders via dividends and buybacks -- is 23.68%, greater than the shareholder yield of 93.95% of stocks in our set.
• Stocks with similar financial metrics, market capitalization, and price volatility to INDEPENDENT BANK CORP are STBA, FCBC, SYBT, FBNC, and HOMB.
• INDB's SEC filings can be seen here. And to visit INDEPENDENT BANK CORP's official web site, go to www.rocklandtrust.com.

INDB Valuation Summary

• In comparison to the median Financial Services stock, INDB's price/sales ratio is 89.66% higher, now standing at 5.5.
• INDB's EV/EBIT ratio has moved down 7.4 over the prior 243 months.

Below are key valuation metrics over time for INDB.

INDB Growth Metrics

Its 4 year price growth rate is now at -0.93%.
• The 4 year revenue growth rate now stands at 60.13%.
• The 3 year net cashflow from operations growth rate now stands at 39.52%.

Over the past 67 months, INDB's revenue has gone up $333,076,000.

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.