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

INDB POWR Grades

• Momentum is the dimension where INDB ranks best; there it ranks ahead of 92.95% of US stocks.
• The strongest trend for INDB is in Quality, which has been heading down over the past 179 days.
• INDB ranks lowest in Value; there it ranks in the 5th percentile.

INDB Stock Summary

• INDB's one year PEG ratio, measuring expected growth in earnings next year relative to current common stock price is 406.12 -- higher than 94.08% of US-listed equities with positive expected earnings growth.
• In terms of volatility of its share price, INDB is more volatile than only 1.56% of stocks we're observing.
• INDEPENDENT BANK CORP's shareholder yield -- a measure of how much capital is returned to stockholders via dividends and buybacks -- is 23.16%, greater than the shareholder yield of 91.91% of stocks in our set.
• If you're looking for stocks that are quantitatively similar to INDEPENDENT BANK CORP, a group of peers worth examining would be STBA, FBNC, HOMB, WABC, and SYBT.
• 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 6.1; this is 454.55% higher than that of the median Financial Services stock.
• INDB's price/sales ratio has moved up 3.6 over the prior 243 months.

Below are key valuation metrics over time for INDB.

INDB Growth Metrics

Its 2 year net cashflow from operations growth rate is now at 15.31%.
• The year over year net cashflow from operations growth rate now stands at 39.14%.
• Its year over year net income to common stockholders growth rate is now at -2.75%.

INDB's revenue has moved up $223,838,000 over the prior 49 months.

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
2022-06-30	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
2021-03-31	454.259	142.503	136.127

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.