INDBIndependent Bank Corp.
INDB
Independent Bank Corp.111
Mkt Cap
$3.88BVolume
526,895.0052W High
$80.9252W Low
$52.15PE Ratio
19.08INDB Fundamentals
Price
$78.32Prev Close
$80.54Open
$80.5450D MA
$74.02Beta
1.13Avg. Volume
308,838.55EPS (Annual)
$4.52P/B
1.10Rev/Employee
$532,659.23Poll
Earnings Recap
• Reported GAAP EPS of $1.52 up 28.81% YoY • Reported revenue of $253.93M up 43.58% YoY
Bullish
Independent Bank Corp. achieved strong net income and EPS growth, an increased net interest margin, and reduced funding costs. Asset quality improved with lower nonperforming loans and higher tangible book value per share.
Bearish
Independent Bank Corp. experienced a decrease in total deposits and consumer loans, along with increased FDIC assessments and other noninterest expenses. The company also faces risks from adverse economic conditions and interest rate changes.