Independent Bank Corp financial data

Symbol
INDB on Nasdaq
Industry
State Commercial Banks
Location
288 Union Street, Rockland, MA
State of incorporation
MA
Fiscal year end
December 31
Former names
INDEPENDENT BANK CORP /MA/ (to 7/24/1995)
Latest financial report
10-Q - Q2 2024 - Aug 6, 2024

Key Ratios

Label TTM Value / Value Unit Change %
Debt-to-equity 569 % -2.54%
Return On Equity 7.41 % -22.6%
Return On Assets 1.11 % -20.7%

Shares

Label TTM Value / Value Unit Change %
Entity Common Stock, Shares Outstanding 42.5M shares -3.74%
Common Stock, Shares, Outstanding 42.5M shares -3.76%
Entity Public Float 1.95B USD -46.3%
Common Stock, Value, Issued 423K USD -3.86%
Weighted Average Number of Shares Outstanding, Basic 42.5M shares -3.76%
Weighted Average Number of Shares Outstanding, Diluted 42.5M shares -3.77%

Income Statement

Label TTM Value / Value Unit Change %
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest 66.4M USD -19.8%
Net Income (Loss) Attributable to Parent 215M USD -21.3%
Earnings Per Share, Basic 4.97 USD/shares -17.6%
Earnings Per Share, Diluted 4.97 USD/shares -17.6%

Balance Sheet

Label TTM Value / Value Unit Change %
Property, Plant and Equipment, Net 191M USD -1.21%
Operating Lease, Right-of-Use Asset 54.1M USD -8.15%
Intangible Assets, Net (Excluding Goodwill) 18.2M USD -27.4%
Goodwill 985M USD 0%
Assets 19.4B USD +0.05%
Liabilities 16.5B USD -0.33%
Accumulated Other Comprehensive Income (Loss), Net of Tax -114M USD +25.3%
Retained Earnings (Accumulated Deficit) 1.13B USD +11.7%
Stockholders' Equity Attributable to Parent 2.92B USD +2.25%
Liabilities and Equity 19.4B USD +0.05%

Popular Metrics

Label TTM Value / Value Unit Change %
Net Cash Provided by (Used in) Operating Activities 51.1M USD -0.62%
Net Cash Provided by (Used in) Financing Activities -70.1M USD -155%
Net Cash Provided by (Used in) Investing Activities 15.9M USD
Common Stock, Shares Authorized 75M shares 0%
Common Stock, Shares, Issued 42.5M shares -3.76%
Common Stock, Par or Stated Value Per Share 0.01 USD/shares 0%
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect -3.01M USD -102%
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents 314M USD +1.82%
Deferred Tax Assets, Valuation Allowance 467K USD +30.4%
Deferred Tax Assets, Gross 111M USD -17.5%
Operating Lease, Liability 56.3M USD -7.3%
Payments to Acquire Property, Plant, and Equipment 4.46M USD +5.81%
Comprehensive Income (Loss), Net of Tax, Attributable to Parent 253M USD +10.5%
Lessee, Operating Lease, Liability, to be Paid 61.8M USD -5.01%
Property, Plant and Equipment, Gross 338M USD +4.46%
Lessee, Operating Lease, Liability, to be Paid, Year Two 13.1M USD -1.44%
Lessee, Operating Lease, Liability, to be Paid, Year One 14M USD +1.82%
Operating Lease, Weighted Average Discount Rate, Percent 0.03 pure +41.2%
Deferred Income Tax Expense (Benefit) 2.58M USD +301%
Lessee, Operating Lease, Liability, Undiscounted Excess Amount 5.53M USD +26.9%
Lessee, Operating Lease, Liability, to be Paid, Year Three 10.9M USD -10.2%
Deferred Tax Assets, Operating Loss Carryforwards 633K USD +4.46%
Preferred Stock, Shares Authorized 1M shares 0%
Unrecognized Tax Benefits 1.76M USD -35.3%
Lessee, Operating Lease, Liability, to be Paid, Year Four 8.24M USD -16.5%
Operating Lease, Payments 3.45M USD +0.44%
Additional Paid in Capital 1.9B USD -4.65%
Preferred Stock, Shares Outstanding 0 shares
Amortization of Intangible Assets 1.47M USD -14.6%
Deferred Tax Assets, Net of Valuation Allowance 110M USD -17.6%
Interest Expense 260M USD +167%
Preferred Stock, Par or Stated Value Per Share 0.01 USD/shares 0%