Independent Financial Statements From 2010 to 2024

Stocks . USA . 
Stock . Independent Bank
INDB Stock  USD 73.98  1.84  2.55%   
Independent Bank financial statements provide useful quarterly and yearly information to potential Independent Bank investors about the company's current and past financial position, as well as its overall management performance and changes in financial position over time. Historical trend examination of various income statement and balance sheet accounts found on Independent Bank financial statements helps investors assess Independent Bank's valuation, profitability, and current liquidity needs. Key fundamental drivers impacting Independent Bank's valuation are summarized below:
Gross Profit
718.4 M
Profit Margin
0.3003
Market Capitalization
3.1 B
Enterprise Value Revenue
5.3762
Revenue
655.5 M
We have found one hundred twenty available fundamental trends for Independent Bank, which can be analyzed and compared to other ratios and to its competitors. All investors should make sure to confirm all of Independent Bank regular market performance against the performance between 2010 and 2024 to make sure the company can sustain itself down the road. The current year's Market Cap is expected to grow to about 3.1 B. The current year's Enterprise Value is expected to grow to about 4.1 B

Independent Bank Total Revenue

835.51 Million

Check Independent Bank financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Independent Bank's main balance sheet or income statement drivers, such as Interest Expense of 198.7 M, Other Operating Expenses of 504.6 M or Operating Income of 330.9 M, as well as many indicators such as Price To Sales Ratio of 2.66, Dividend Yield of 0.0183 or PTB Ratio of 1.78. Independent financial statements analysis is a perfect complement when working with Independent Bank Valuation or Volatility modules.
  
Check out the analysis of Independent Bank Correlation against competitors.
For information on how to trade Independent Stock refer to our How to Trade Independent Stock guide.

Independent Bank Balance Sheet

Trends
Current ValueLast YearHistorical Average 10 Year Trend
Common Stock Shares Outstanding46.4 M44.2 M29.3 M
Slightly volatile
Total Assets20.3 B19.3 B10.7 B
Slightly volatile
Short and Long Term Debt Total1.3 B1.2 B365.1 M
Slightly volatile
Total Stockholder Equity3 B2.9 B1.4 B
Slightly volatile
Property Plant And Equipment Net259.5 M247.1 M115.2 M
Slightly volatile
Retained Earnings1.1 B1.1 B547.4 M
Slightly volatile
Cash253.9 M224.3 M431 M
Slightly volatile
Non Current Assets Total23 B21.9 B4.4 B
Slightly volatile
Cash And Short Term Investments213.1 M224.3 M859.3 M
Slightly volatile
Liabilities And Stockholders Equity20.3 B19.3 B10.7 B
Slightly volatile
Non Current Liabilities Total17.3 B16.5 B3.5 B
Slightly volatile
Other Stockholder Equity2 B1.9 B886.5 M
Slightly volatile
Total Liabilities17.3 B16.5 B6.7 B
Slightly volatile
Property Plant And Equipment Gross355.3 M338.4 M143.6 M
Slightly volatile
Total Current Assets213.1 M224.3 M3.7 B
Slightly volatile
Total Current Liabilities11.1 B10.6 B4.5 B
Slightly volatile
Short Term Debt1.2 B1.1 B306.3 M
Slightly volatile
Common Stock Total Equity569.9 K542.8 K324.4 K
Slightly volatile
Common Stock261.1 K427 K294.9 K
Slightly volatile
Other Liabilities250.8 M238.9 M143.8 M
Slightly volatile
Accounts Payable19.2 B18.3 B9.1 B
Slightly volatile
Long Term Debt1.3 B1.2 B321.2 M
Slightly volatile
Other Current Assets230.5 M242.6 M3.2 B
Slightly volatile
Intangible Assets17.4 M18.2 M18.3 M
Pretty Stable
Property Plant Equipment308.4 M293.7 M126.9 M
Slightly volatile
Good Will1.2 B1.1 B458.2 M
Slightly volatile
Inventory5.5 M5.8 M12 M
Slightly volatile
Net Tangible Assets2.3 B2.2 B1 B
Slightly volatile
Retained Earnings Total Equity505.9 M881.7 M496.9 M
Slightly volatile
Capital Surpluse2.7 B2.6 B1 B
Slightly volatile
Long Term Investments2.8 B2.9 B5.1 B
Very volatile
Non Current Liabilities Other405.2 M385.9 M189.8 M
Slightly volatile
Short and Long Term Debt103.4 M94.5 M99.2 M
Pretty Stable
Long Term Debt Total136.8 M215.5 M138.4 M
Slightly volatile
Earning Assets1.3 B1.5 B1.2 B
Slightly volatile
Net Receivables4.5 M4.7 M594.4 M
Pretty Stable
Net Invested Capital2.6 B4.1 B1.8 B
Slightly volatile
Capital Stock422.2 K427 K330.5 K
Slightly volatile

Independent Bank Income Statement

Trends
Current ValueLast YearHistorical Average 10 Year Trend
Other Operating Expenses504.6 M480.6 M236.1 M
Slightly volatile
Operating Income330.9 M315.1 M164.2 M
Slightly volatile
EBIT330.9 M315.1 M167.7 M
Slightly volatile
EBITDA330.9 M315.1 M178.8 M
Slightly volatile
Net Income251.5 M239.5 M114.4 M
Slightly volatile
Depreciation And Amortization27.1 M25.8 M14.8 M
Slightly volatile
Selling General Administrative245.8 M234.1 M138.7 M
Slightly volatile
Total Revenue835.5 M795.7 M413.5 M
Slightly volatile
Gross Profit835.5 M795.7 M413.3 M
Slightly volatile
Selling And Marketing Expenses330 M314.3 M64.6 M
Slightly volatile
Cost Of Revenue2.9 M3.1 M19.7 M
Slightly volatile
Net Income Applicable To Common Shares318.6 M303.4 M123.8 M
Slightly volatile
Minority Interest916.6 K964.8 K1.3 M
Slightly volatile
Net Income From Continuing Ops123.5 M239.5 M108.5 M
Slightly volatile
Non Recurring5.7 M3.9 M3.5 M
Slightly volatile
Tax Provision51.8 M75.6 M40.8 M
Slightly volatile
Net Interest Income413.4 M606.5 M324.7 M
Slightly volatile
Interest Income462.7 M795.7 M361.8 M
Slightly volatile
Reconciled Depreciation29.2 M36.1 M21.7 M
Slightly volatile

Independent Bank Cash Flow Statement

Trends
Current ValueLast YearHistorical Average 10 Year Trend
Free Cash Flow278.8 M265.6 M137.4 M
Slightly volatile
Begin Period Cash Flow255.1 M352.9 M429.7 M
Slightly volatile
Depreciation27.1 M25.8 M18.1 M
Slightly volatile
Capital Expenditures9 M16 M12.7 M
Slightly volatile
Total Cash From Operating Activities290.8 M277 M150 M
Slightly volatile
Dividends Paid102.9 M98 M45.2 M
Slightly volatile

Financial Ratios

Trends
Current ValueLast YearHistorical Average 10 Year Trend
Price To Sales Ratio2.663.6544.0978
Slightly volatile
Dividend Yield0.01830.03370.0219
Pretty Stable
PTB Ratio1.781.00431.4303
Pretty Stable
Book Value Per Share46.3465.5308115
Slightly volatile
Free Cash Flow Yield0.150.09130.1654
Slightly volatile
Operating Cash Flow Per Share6.696.37284.6275
Slightly volatile
Stock Based Compensation To Revenue0.0060.0080.0086
Very volatile
Capex To Depreciation0.670.62090.7475
Very volatile
PB Ratio1.781.00431.4303
Pretty Stable
Free Cash Flow Per Share6.316.01054.2006
Slightly volatile
ROIC0.05510.0580.1151
Slightly volatile
Net Income Per Share5.695.42093.4818
Slightly volatile
Sales General And Administrative To Revenue0.290.29420.3518
Slightly volatile
Capex To Revenue0.01910.02010.0324
Very volatile
Cash Per Share4.825.077529.0336
Pretty Stable
POCF Ratio8.4210.326713.3072
Pretty Stable
Interest Coverage2.631.66565.3204
Slightly volatile
Payout Ratio0.290.40920.3693
Slightly volatile
Capex To Operating Cash Flow0.0960.05680.106
Very volatile
PFCF Ratio10.9210.949115.3838
Pretty Stable
PE Ratio12.5412.140117.0231
Very volatile
Earnings Yield0.08650.08240.0622
Very volatile
Intangibles To Total Assets0.05440.05190.0367
Slightly volatile
Current Ratio0.02020.021218.2781
Slightly volatile
Tangible Book Value Per Share40.9442.8231103
Slightly volatile
Graham Number93.8789.402256.8346
Slightly volatile
Shareholders Equity Per Share68.8165.530841.8088
Slightly volatile
Debt To Equity0.40.42560.307
Slightly volatile
Capex Per Share0.290.36230.4209
Slightly volatile
Revenue Per Share18.9118.010413.3032
Slightly volatile
Interest Debt Per Share18.3832.175110.3867
Pretty Stable
Debt To Assets0.09420.06370.0362
Very volatile
Enterprise Value Over EBITDA12.6711.108311.0113
Slightly volatile
Short Term Coverage Ratios0.240.251624.6557
Pretty Stable
Price Earnings Ratio12.5412.140117.0231
Very volatile
Price Book Value Ratio1.781.00431.4303
Pretty Stable
Dividend Payout Ratio0.290.40920.3693
Slightly volatile
Price To Operating Cash Flows Ratio8.4210.326713.3072
Pretty Stable
Price To Free Cash Flows Ratio10.9210.949115.3838
Pretty Stable
Operating Profit Margin0.660.3960.4307
Very volatile
Effective Tax Rate0.310.240.2653
Pretty Stable
Company Equity Multiplier6.356.68259.6492
Slightly volatile
Long Term Debt To Capitalization0.03580.03770.185
Slightly volatile
Total Debt To Capitalization0.470.29860.2317
Slightly volatile
Return On Capital Employed0.03410.03590.0251
Slightly volatile
Debt Equity Ratio0.40.42560.307
Slightly volatile
Ebit Per Revenue0.660.3960.4307
Very volatile
Quick Ratio0.02020.021218.2781
Slightly volatile
Dividend Paid And Capex Coverage Ratio2.352.46964.9343
Slightly volatile
Net Income Per E B T0.580.760.7273
Very volatile
Cash Ratio0.02020.02120.9155
Slightly volatile
Operating Cash Flow Sales Ratio0.230.35380.3325
Pretty Stable
Free Cash Flow Operating Cash Flow Ratio0.970.94320.8984
Pretty Stable
Cash Flow Coverage Ratios0.410.22850.7275
Pretty Stable
Price To Book Ratio1.781.00431.4303
Pretty Stable
Fixed Asset Turnover4.763.21964.0073
Slightly volatile
Capital Expenditure Coverage Ratio10.4917.59112.3549
Pretty Stable
Price Cash Flow Ratio8.4210.326713.3072
Pretty Stable
Enterprise Value Multiple12.6711.108311.0113
Slightly volatile
Debt Ratio0.09420.06370.0362
Very volatile
Cash Flow To Debt Ratio0.410.22850.7275
Pretty Stable
Price Sales Ratio2.663.6544.0978
Slightly volatile
Asset Turnover0.05050.04110.0421
Slightly volatile
Gross Profit Margin0.790.890.971
Slightly volatile
Price Fair Value1.781.00431.4303
Pretty Stable

Independent Bank Valuation Data

Trends
Current ValueLast YearHistorical Average 10 Year Trend
Market Cap3.1 B2.9 B1.9 B
Slightly volatile
Enterprise Value4.1 B3.9 B1.8 B
Slightly volatile

Independent Fundamental Market Drivers

Forward Price Earnings13.459
Cash And Short Term Investments224.3 M

Independent Upcoming Events

18th of April 2024
Upcoming Quarterly Report
View
18th of July 2024
Next Financial Report
View
31st of March 2024
Next Fiscal Quarter End
View
16th of January 2025
Next Fiscal Year End
View
31st of December 2023
Last Quarter Report
View
31st of December 2023
Last Financial Announcement
View

About Independent Bank Financial Statements

Independent Bank stakeholders use historical fundamental indicators, such as Independent Bank's revenue or net income, to determine how well the company is positioned to perform in the future. Although Independent Bank investors may analyze each financial statement separately, they are all interrelated. For example, changes in Independent Bank's assets and liabilities are reflected in the revenues and expenses on Independent Bank's income statement, which ultimately affect the company's gains or losses. Understanding these patterns can help in making the right long-term investment decisions in Independent Bank. Please read more on our technical analysis and fundamental analysis pages.
Last ReportedProjected for Next Year
Total Revenue795.7 M835.5 M
Cost Of Revenue3.1 M2.9 M
Stock Based Compensation To Revenue 0.01  0.01 
Sales General And Administrative To Revenue 0.29  0.29 
Capex To Revenue 0.02  0.02 
Revenue Per Share 18.01  18.91 
Ebit Per Revenue 0.40  0.66 

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When determining whether Independent Bank offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Independent Bank's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Independent Bank Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Independent Bank Stock:
How To Invest In Independent
Details
Is Independent Stock a good investment?
Details
What is Independent Bank's Net Worth?
Details
Largest Banks - Regional Companies
View
Largest Financial Services Companies
View
Check out the analysis of Independent Bank Correlation against competitors.
For information on how to trade Independent Stock refer to our How to Trade Independent Stock guide.
You can also try the Correlation Analysis module to reduce portfolio risk simply by holding instruments which are not perfectly correlated.
Is Regional Banks space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Independent Bank. If investors know Independent will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Independent Bank listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
(0.27)
Dividend Share
2.26
Earnings Share
4.6
Revenue Per Share
15.336
Quarterly Revenue Growth
(0.12)
The market value of Independent Bank is measured differently than its book value, which is the value of Independent that is recorded on the company's balance sheet. Investors also form their own opinion of Independent Bank's value that differs from its market value or its book value, called intrinsic value, which is Independent Bank's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Independent Bank's market value can be influenced by many factors that don't directly affect Independent Bank's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Altman
Z Score
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Piotroski
F Score
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Beneish
M Score
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Financial
Analysis
Details
Buy or Sell
Advice
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Earnings
Projections
Details
Please note, there is a significant difference between Independent Bank's value and its price as these two are different measures arrived at by different means. Investors typically determine if Independent Bank is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Independent Bank's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
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