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INDB

Independent Bank Corp.

$85.94

Earnings Summary

Revenue
$172.76Mn
Net Profits
$61.78Mn
Net Profit Margins
35.76%
PE Ratio
24.71

Highlights

Revenue:

Independent Bank Corp.’s revenue jumped 46.01% since last year same period to $172.76Mn in the Q2 2022. On a quarterly growth basis, Independent Bank Corp. has generated 6.68% jump in its revenue since last 3-months.

Net Profits:

Independent Bank Corp.’s net profit jumped 64.42% since last year same period to $61.78Mn in the Q2 2022. On a quarterly growth basis, Independent Bank Corp. has generated 16.35% jump in its net profits since last 3-months.

Net Profit Margins:

Independent Bank Corp.’s net profit margin jumped 12.61% since last year same period to 35.76% in the Q2 2022. On a quarterly growth basis, Independent Bank Corp. has generated 9.06% jump in its net profit margins since last 3-months.

PE Ratio:

Independent Bank Corp.’s price-to-earnings ratio after this Q2 2022 earnings stands at 24.71.

Earnings per share (EPS) Estimates

Earnings per share (EPS) estimates of the Independent Bank Corp. post its latest quarter earnings

EPS Estimate Current Quarter
1.4
EPS Estimate Current Year
1.4

Highlights

EPS Estimate Current Quarter:

Independent Bank Corp.’s earning per share (EPS) estimates for the current quarter stand at 1.4 - a 11.11% jump from last quarter’s estimates.

EPS Estimate Current Year:

Independent Bank Corp.’s earning per share (EPS) estimates for the current year stand at 1.4.

Key Ratios

Key ratios of the Independent Bank Corp. post its Q2 2022 earnings

Earning Per Share (EPS)
1.32
Return on Assets (ROA)
0.01
Return on Equity (ROE)
0.07
Dividend Per Share (DPS)
1.98

Highlights

Earning Per Share (EPS):

Independent Bank Corp.’s earning per share (EPS) jumped 15.79% since last year same period to 1.32 in the Q2 2022. This indicates that the Independent Bank Corp. has generated 15.79% annual rate of jump in its earning per share (EPS) in the last 4 quarters.

Return on Assets (ROA):

Return on assets (ROA) indicates the profitability of the company in relation to its total assets. This ratio tells the financial health of the company. The higher the ROA, the better the company’s financial health. If any company has a ROA in the range of 5% to 20% - it is generally considered good. ROA above 20% is generally considered excellent. Independent Bank Corp.’s return on assets (ROA) stands at 0.01.

Earning Per Share (EPS):

The Return On Equity ratio indicates a company’s ability to turn equity capital received from shareholders into profits. ROE highlights the efficiency of equity capital in running the business. Generally, a return on equity in double digits is considered good. Independent Bank Corp.’s return on equity (ROE) stands at 0.07.

Dividend Per Share (DPS):

Independent Bank Corp. declared 1.98 dividend per share during the earnings announcement for Q2 2022.

Earnings Calendar

Earnings DateEstimated EPSReported EPSSurprise %
2022-05-05
1.26
1.23
-2.38%
2022-08-04
1.26
1.32
4.76%

Company Information

Independent Bank Corp. is the holding company for Rockland Trust Company, a full-service commercial bank headquartered in Massachusetts. Rockland Trust was named to The Boston Globe's 'Top Places to Work' 2020 list, an honor earned for the 12th consecutive year. In 2020, Rockland Trust was ranked the #1 Bank in Massachusetts according to Forbes World's Best Banks list. Rockland Trust has a longstanding commitment to equity and inclusion. This commitment is underscored by initiatives such as Diversity and Inclusion leadership training, a colleague Allyship mentoring program, numerous Employee Resource Groups focused on providing colleague support and education, reinforcing a culture of mutual respect and advancing professional development, and Rockland Trust's sponsorship of diverse community organizations through charitable giving and employee-based volunteerism. Rockland Trust is deeply committed to the communities it serves, as reflected in the overall 'Outstanding' rating received in its most recent Community Reinvestment Act performance evaluation. Rockland Trust offers a wide range of banking, investment, and insurance services. The Bank serves businesses and individuals through approximately 100 retail branches, commercial and residential lending centers, and investment management offices in eastern Massachusetts, including Greater Boston, the South Shore, Cape Cod and Islands, Worcester County, and Rhode Island. Rockland Trust also offers a full suite of mobile, online, and telephone banking services. Rockland Trust is an FDIC member and an Equal Housing Lender.

Organisation
Independent Bank Corp.
Employees
1.43K
Industry
Finance