INDB Independent Bank Corp. featured news, full reports, and detailed charts
Independent Bank Corp. (INDB) Wrap Up:
Independent Bank Corp. (the “Company”) is a state chartered, federally registered bank holding company headquartered in Rockland, Massachusetts that was incorporated under Massachusetts law in 1985. The Company is the sole stockholder of Rockland Trust Company (“Rockland” or the “Bank”), a Massachusetts trust company chartered in 1907. Rockland is a community-oriented commercial bank. The community banking business, the Company’s only reportable operating segment, consists of commercial banking, retail banking, wealth management services, retail investments and insurance sales and is managed as a single strategic unit. The community banking business derives its revenues from a wide range of banking services, including lending activities, acceptance of demand, savings, and time deposits, wealth management, retail investments and insurance services, and mortgage banking income. At December 31, 2007, the Company had total assets of $2.8 billion, total deposits of $2. ... More..."http://secfilings.nasdaq.com/edgar_conv_html%2f2008%2f03%2f14%2f0000950135-08-001787.html#FIS_BUSINESS"Independent Bank Corp. (INDB:NASDAQ)
Snapshot of Independent Bank Corp. (INDB)
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OPEN
$20.23
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PREVIOUS CLOSE
$20.33
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DAY HIGH
$20.84
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DAY LOW
$20.23
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52 WEEK HIGH
12/31/08 - $28.22
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52 WEEK LOW
03/10/09 - $10.62
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MARKET CAP
435.8M
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AVERAGE VOLUME 3 mo
67.5K
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DILUTED EPS TTM
$0.64
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SHARES OUTSTANDING
20.9M
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EX-DATE
09/24/09
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P/E TTM
32.5x
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DIVIDEND
$0.72
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DIVIDEND YIELD
3.46%
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| K = Thousands M = Millions B = Billions | ||
INDB Top Compensated Officers
Executives, Board Directors
Key developments for Independent Bank Corp. (INDB)
Independent Bank Corp. reported unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2009. For the quarter, the company reported net income available common shareholders of $6.8 million or $0.33 per diluted share on net interest income of $40.9 million compared to net income available common shareholders of $8.8 million or $0.54 per diluted share on net interest income of $30.9 million for the same quarter a year ago. The strong increase in third quarter net income was reduced by other-than-temporary securities impairment charges on certain pooled trust preferred securities amounting to $5.1 million pre-tax, or $0.16 per diluted share, recorded in the current period. Income before income taxes was $8.6 million compared to $12.1 million for the same quarter a year ago. Return on average assets was 0.62% and return on average common equity of 6.73% compared to return on average assets of 1.04% and return on average common equity of 11.57% for the same quarter a year ago. Total interest income was $53.6 million compared to $45.1 million for the same quarter a year ago. For the nine months, the company reported net income available common shareholders of $8.2 million or $0.43 per diluted share on net interest income of $110 million compared to net income available common shareholders of $20.9 million or $1.34 per diluted share on net interest income of $86.2 million for the same period a year ago. Income before income taxes was $18.1 million compared to $28.5 million for the same period a year ago. Return on average assets was 0.26% and return on average common equity of 2.73% compared to return on average assets of 0.87% and return on average common equity of 9.74% for the same period a year ago. Total interest income was $149.8 million compared to $130.1 million for the same period a year ago. Book value per common share was $19.43 as on September 30, 2009 compared to $18.72 as on September 30, 2008.
Independent Bank Corp. expected to Report Fiscal Year 2009 Results on January 25, 2010. This event was calculated by Capital IQ (Created on October 22, 2009).
Independent Bank Corp. - Conference Presentation Calls
INDB Competitors
| Company | Last | Change | |
| No competitor information is available for INDB. | |||
| Market data is delayed at least 20 minutes. | |||
Industry Analysis
| Valuation | INDB | Industry Range |
| Price/Earnings | 33.5x |
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| Price/Sales | 2.7x |
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| Price/Book | 1.0x |
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| Price/Cash Flow | 25.2x |
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| TEV/Sales | NM | Not Meaningful |
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INDB transactions
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| No transactions in the last 6 months. | ||