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Independent Bank Corp  (INDB)
Other Ticker:  
 
    Sector  Financial    Industry Regional Banks
   Industry Regional Banks
   Sector  Financial


 

Independent Bank Corp

INDB's Financial Statements and Analysis



Independent Bank Corp reported in the forth quarter of 2023 net earnings per share of $1.26 a decrease by -4.35 % year on year from $1.32 and decline of -8.62 % from $1.38 earned in III. Quarter (Sep 30 2023).


forth quarter of 2023
Earnings Per Share Revenues
$ 1.26 $  172 Mill
$-0.06     -4.35 % $-23M     -12.04 %



Independent Bank's Revenue fell by -12.04 % in forth quarter of 2023 (Dec 31 2023) year on year, to $172 million and declined by -3.52 % sequentially.


Independent Bank is

More on INDB's Income Statement



Independent Bank's net income of $54.803 million in the forth quarter of 2023 decreased by -28.87 % from net earnings of $77.043 million achieved in IV. Quarter a year ago.

Sequentially net earnings fell by -9.88 % from net income of $60.808 million realized in previous quarter.

More on INDB's Growth

Independent Bank Inventories
INDB's Cash flow In the forth quarter of 2023 company's net cash flow was $4 million, capital expenditures fell by -4.05355.51%, to $-6 millions compare to same quarter a year ago

More on INDB's Cash flow Statement


Independent Bank Corp payed out dividend of $2.20 per share in last 52 weeks representing 40.59 % of net earning per share in trailing twelve-month period.

During the same period Independent Bank Corp payed $ -3.26 cash per share, on a free-cash flow basis .

Book value grew by 0.25 % sequentially to $65.52 per share, 60.12% of net income per share in trailing twelve-month period were contributed to shareholder value.
Tangible Book value grew to $ 42.82 per share from $ 42.60.

Company issued 0.04 million shares or 0.09 % in Dec 31 2023.
Interest Coverage Ratio was 2.67. Debt Coverage Ratio was 0.47.

More on INDB's Dividends

 Market Capitalization (Millions) 2,241
 Shares Outstanding (Millions) 44
 Total Debt (Millions $) 1,268
 Revenue (TTM) (Millions $) 708
 Net Income (TTM) (Millions $) 240
 Cash Flow (TTM) (Millions $) 1,759
 Capital Exp. (TTM) (Millions $) -12
 Dividend TTM ($) 2.2 $
 Dividend Yield TTM (%) 4.34 %
 Employees (TTM) $ 1,051




Independent Bank Corp payed out dividend of $2.20 per share in the last 52 weeks representing 40.59 % of net earning per share in trailing twelve-month period.

During the same period Independent Bank Corp had negative $ -3.26 cash flow per share, on a free-cash flow basis .

Book value grew by 0.25 % sequentially to $65.52 per share, 60.12% of net income per share in trailing twelve-month period were contributed to shareholder value.
Tangible Book value grew to $ 42.82 per share from $ 42.60.

Company issued 0.04 million shares or 0.09 % in Dec 31 2023.
Interest Coverage Ratio was 2.67. Debt Coverage Ratio was 0.47.

More on INDB's Balance Sheets

 Market Capitalization (Millions) 2,241
 Shares Outstanding (Millions) 44
 Total Debt (Millions $) 1,268
 Revenue (TTM) (Millions $) 708
 Net Income (TTM) (Millions $) 240
 Cash Flow (TTM) (Millions $) 1,759
 Capital Exp. (TTM) (Millions $) -12
 Dividend TTM ($) 2.2 $
 Dividend Yield TTM (%) 4.34 %
 Employees (TTM) $ 1,051
   


  News about Independent Bank Corp Earnings

Trouble Ahead: INDB Sees Decrease in Income for Fiscal Year Ending December 2023

The dismal financial performance of Independent Bank C...

Regional Banks Company Faces Steep Deterioration in EPS Amidst Recent Fiscal Period2.



Independent Bank Corp, a financial institution, reported a weak fiscal period with a significant decline in income and revenue. Additionally, a decrease in profitability and a buildup in accounts receivable indicate potential challenges in the company's operations. This article aims to analyze the financial results of Independent Bank Corp's most recent fiscal period, place them into context, and highlight the potential implications for the company's future performance.
Key Points:
1. Declining Income and Revenue:
- Independent Bank Corp experienced a 12.1% decrease in income, with earnings falling to $1.38 per share.
- Revenue declined by 5.257% year-on-year, amounting to $17...

Independent Bank Corp Outshines Regional Banking Peers with Stellar 3.209% Revenue Spike in Q2 2023; EPS Jumps by 7.58%

Independent Bank Corp Reports Strong Revenue Improvement in Fiscal Second Quarter of 2023
Independent Bank Corp, a leading regional bank, has announced a significant increase in revenue for the fiscal second quarter of 2023. The company reported a Revenue improvement of 3.209% to $178.30 million from $172.76 million in the same reporting period a year before. This growth is a positive sign for investors, as it shows the company's ability to generate higher sales.
Additionally, INDB saw an increase in earnings per share (EPS) by 7.58% to $1.42, compared to $1.32 in the prior year reporting period. The company's bottom line has improved, and this is expected to have a positive impact on shareholder ret...

Independent Bank Corp's Impressive Revenue Growth Falters in Q4, Raising Investor Concerns

Independent Bank Corp, a regional bank holding company, po...


Date modified: 2024-02-29T19:02:56+00:00





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