Independent Bank Corp/MA INDB
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Relative Strength Index (RSI)
- The Relative Strength Index (RSI) is a momentum oscillator that measures the speed and change of price movements. It is typically used to identify overbought or oversold conditions in financial markets.
- The RSI is calculated using the following formula:
RSI = 100 - (100 / (1 + RS))
Where RS is the ratio of the average gains to the average losses over a specified period.
- The default time period used is 14 days.
- RSI values range between 0 and 100.
RSI values above 70 are considered overbought (indicating a potentially opportune time to sell)
RSI values below 30 are considered oversold (indicating a potentially opportune time to buy)
RSI is not a perfect indicator and should be used in conjunction with other technical analysis tools, this is for informational purposes only and is not a substitute for professional financial advice.
About
Independent Bank Corp/MA (INDB) Business Model and Operations Summary
Independent Bank Corp is a bank holding company and the sole shareholder of its bank, the Rockland Trust Company. Rockland is a community-oriented commercial bank. The bank provides a variety of banking, investment and financial services, operating with various retail branches, as well as a network of commercial and residential lending centers and investment management offices majorly in Eastern Massachusetts, Worcester County, and Rhode Island. The bank's loan portfolio constitutes the bulk of the bank's total assets. Its borrowers consist mostly of small to medium-size businesses and consumers, majority of which are made to its market area in eastern Massachusetts and Rhode Island. The bank's loan portfolio is predominantly in commercial loans.
Key Insights
Independent Bank Corp/MA (INDB) Core Market Data and Business Metrics
Latest Closing Price
$62.48Market Cap
$2.67 BillionPrice-Earnings Ratio
13.82Total Outstanding Shares
42.61 Million SharesTotal Employees
1,837Dividend
$0.59 Per Share QuarterlyIPO Date
January 1, 1986SIC Description
State Commercial BanksPrimary Exchange
NASDAQHeadquarters
288 Union Street, Rockland, MA, 02370
Historical Stock Splits
| Execution Date | Split Amount |
|---|---|
| No Historical Stock Splits | |
Cash Flow Statement
January 1, 2024 to December 31, 2024
| Metric | Value |
|---|---|
| Net Cash Flow From Investing Activities, Continuing | $-33.01 Million |
| Net Cash Flow | $-4.44 Million |
| Net Cash Flow From Investing Activities | $-33.01 Million |
| Net Cash Flow From Financing Activities | $-201.35 Million |
| Net Cash Flow From Operating Activities, Continuing | $229.92 Million |
| Net Cash Flow From Financing Activities, Continuing | $-201.35 Million |
Income Statement
January 1, 2024 to December 31, 2024
| Metric | Value |
|---|---|
| Income/Loss From Continuing Operations After Tax | $192.08 Million |
| Income/Loss Before Equity Method Investments | $247.13 Million |
| Noninterest Income | $128.01 Million |
| Interest Expense, Operating | $44.06 Million |
| Interest And Dividend Income, Operating | $852.75 Million |
| Net Income/Loss Attributable To Noncontrolling Interest | $0 |
Comprehensive Income
January 1, 2024 to December 31, 2024
| Metric | Value |
|---|---|
| Comprehensive Income/Loss | $216.90 Million |
| Comprehensive Income/Loss Attributable To Parent | $216.90 Million |
| Other Comprehensive Income/Loss | $24.82 Million |
| Other Comprehensive Income/Loss Attributable To Parent | $24.82 Million |
| Comprehensive Income/Loss Attributable To Noncontrolling Interest | $0 |
Balance Sheet
January 1, 2024 to December 31, 2024
| Metric | Value |
|---|---|
| Equity Attributable To Parent | $2.99 Billion |
| Commitments and Contingencies | $0 |
| Equity | $2.99 Billion |
| Liabilities And Equity | $19.37 Billion |
| Equity Attributable To Noncontrolling Interest | $0 |
| Fixed Assets | $193.32 Million |
Historical Dividends
Current dividend: $0.59 Per Share Quarterly
| Announcement Date | Payment Date | Record Date | Amount | Frequency |
|---|---|---|---|---|
| Mar 20, 2025 | Apr 7, 2025 | Mar 31, 2025 | $0.59 | Quarterly |
| Dec 12, 2024 | Jan 6, 2025 | Dec 30, 2024 | $0.57 | Quarterly |
| Sep 19, 2024 | Oct 4, 2024 | Sep 30, 2024 | $0.57 | Quarterly |
| Jun 20, 2024 | Jul 8, 2024 | Jul 1, 2024 | $0.57 | Quarterly |
| Mar 21, 2024 | Apr 5, 2024 | Apr 1, 2024 | $0.57 | Quarterly |
| Dec 14, 2023 | Jan 5, 2024 | Dec 26, 2023 | $0.55 | Quarterly |