Independent Bank Corp

$81.07
Market Cap 3.97B
ROE 7.0%
Gross Margin 100.0%
Debt/Equity 0.2
Current Ratio 0.0
Revenue QoQ 51.6%
EPS QoQ 0.6%
F-Score 6

About

Independent Bank Corp. (NASDAQ Global Select Market: INDB) 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 2021, Rockland Trust was ranked the #1 Bank in Massachusetts according to Forbes World's Best Banks list for the second year in a row. 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, and 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. In addition, Rockland Trust is deeply committed to the communities it serves, as reflected in the overall "Outstanding" rating 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 125 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.

Exchange
NASDAQ
Sector
Financial Services
Industry
Banks - Regional

Sector context

Financial Services

Undervalued

Trading at a discount to sector peers

P/E
16.95
vs median 22.85
P/B
1.15
vs median 4.02
ROE
0.07
vs median 0.16

Decent quality with acceptable fundamentals

Mid-cap company with growth potential

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