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


Independent Bank's Free Cash Flow Margin by quarter

Trends, Rankings, Statistics



INDB Free Cash Flow Margin (Dec 31 2023)
IV. Quarter
(Sep 30 2023)
III. Quarter
(Jun 30 2023)
II. Quarter
(Mar 31 2023)
III. Quarter
(Dec 31 2022)
IV. Quarter
Y / Y Revenue Change -12.04 % -5.26 % 3.21 % 8.62 % 68.23 %
Seq. Revenue Change -3.52 % -0.21 % -0.94 % -7.77 % 3.92 %
Revenue In Millions $171.66 $177.92 $178.30 $179.99 $195.16
Free Cash Flow Margin 31.17 % 45.67 % 50.9 % -205.42 % 59.1 %
Free Cash Flow Margin Total Ranking # 664 # 529 # 357 # # 397
Free Cash Flow In Millions $53.51 $81.26 $90.76 $-369.73 $115.34
Y / Y Free Cash Flow Change -53.61 % -39.1 % -6.34 % - 245.07 %
Seq. Free Cash Flow Change -34.15 % -10.47 % - - -13.55 %


Commenting fourth Quarter 2023 Free Cash Flow Margin
Company's Free Cash Flow Margin decreased in IV. Quarter to 31.17 %, below company's average Free Cash Flow Margin.

Observing fourth quarter 2023 results within Regional Banks industry 86 other companies have achieved higher Free Cash Flow Margin. While Free Cash Flow Margin overall ranking has deteriorated compare to previous quarter from 529 to 664.

INDB's Free Cash Flow Margin fourth quarter 2023 Company Ranking
Within: No.
Regional Banks Industry # 87
Financial Sector # 285
Overall # 664

Free Cash Flow Margin Statistics
High Average Low
111.5 % 39.88 % 2.1 %
(Sep 30 2019)   (Mar 31 2016)




Other Free Cash Flow Margin Profitability Ratios
INDB's Cumulative Free Cash Flow Margin
Regional Banks Industry Free Cash Flow Margin Trends and Statistics
Financial Sector Free Cash Flow Margin Statistics
Free Cash Flow Margin Profitability Trends for overall market
INDB's Free Cash Flow Margin Profitability versus Regional Banks Industry, Financial Sector and total Market
Highest Ranking Free Cash Flow Margin
Lowest Ranking Free Cash Flow Margin
Free Cash Flow Margin Profit Margin for INDB's Competitors
Free Cash Flow Margin Profit Margin for Independent Bank's Suppliers
Free Cash Flow Margin Profit Margin for INDB's Customers

You may also want to know
INDB's Annual Growth Rates INDB's Profitability Ratios INDB's Asset Turnover Ratio INDB's Dividend Growth
INDB's Roe INDB's Valuation Ratios INDB's Financial Strength Ratios INDB's Free Cash Flow Growth
INDB's Roa INDB's Inventory Turnover Ratio INDB's Growth Rates INDB's Dividend Comparisons


Companies with similar Free Cash Flow Margin in the quarter ending Dec 31 2023, within Regional Banks Industry Free Cash Flow MarginDec 31 2023 MRQ Free Cash FlowDec 31 2023 MRQ Revenue
First Western Financial Inc   84.88 %$ 11.814 $ 13.919 
Coastal Financial Corporation  79.10 %$ 50.277 $ 63.562 
Glacier Bancorp Inc   77.82 %$ 151.204 $ 194.308 
Great Southern Bancorp inc   77.10 %$ 40.595 $ 52.649 
Horizon Bancorp Inc   72.95 %$ 14.980 $ 20.534 
Peoples Bancorp Inc   72.31 %$ 80.420 $ 111.218 
Renasant Corp  68.32 %$ 100.429 $ 146.991 
Ofg Bancorp  66.16 %$ 107.524 $ 162.531 
Berkshire Hills Bancorp inc   65.53 %$ 52.450 $ 80.038 
International Bancshares Corporation  64.98 %$ 132.772 $ 204.328 
Citizens Financial Services Inc   64.46 %$ 16.208 $ 25.144 
Fb Financial Corporation  64.04 %$ 74.360 $ 116.122 
Associated Banc corp  63.75 %$ 64.630 $ 101.382 
Heritage Financial Corp  62.80 %$ 30.959 $ 49.300 
John Marshall Bancorp inc   61.44 %$ 5.439 $ 8.852 
Eagle Bancorp Montana Inc   58.81 %$ 12.197 $ 20.740 
C and F Financial Corporation  56.85 %$ 16.974 $ 29.856 
Finwise Bancorp  56.58 %$ 9.727 $ 17.191 
Prime Meridian Holding Co  53.65 %$ 3.776 $ 7.038 
Enterprise Financial Services Corp  53.32 %$ 78.986 $ 148.131 
First Internet Bancorp  52.10 %$ 12.304 $ 23.614 
Parke Bancorp Inc   51.79 %$ 9.034 $ 17.445 
Juniata Valley Financial Corp  51.16 %$ 3.535 $ 6.910 
Western Alliance Bancorporation  50.71 %$ 341.200 $ 672.900 
Enterprise Bancorp inc   50.18 %$ 19.857 $ 39.572 
Mvb Financial Corp   49.82 %$ 18.758 $ 37.648 
Macatawa Bank Corp  49.75 %$ 12.798 $ 25.725 
1st Source Corporation  49.33 %$ 44.150 $ 89.495 
Crossfirst Bankshares inc   49.13 %$ 28.172 $ 57.338 
First Bancorp  48.50 %$ 45.627 $ 94.077 




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