Independent Bank Corp (Massachusetts)
NASDAQ:INDB

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Independent Bank Corp (Massachusetts)
NASDAQ:INDB
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Price: 65 USD -1.4% Market Closed
Market Cap: 2.8B USD
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Independent Bank Corp (Massachusetts)
Net Income

Last Value
3-Years 3-Y CAGR
5-Years 5-Y CAGR
10-Years 10-Y CAGR
Quarterly
Annual
TTM
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Independent Bank Corp (Massachusetts)
Net Income Peer Comparison

Competitors Analysis
Latest Figures & CAGR of Competitors

Company Net Income CAGR 3Y CAGR 5Y CAGR 10Y
Independent Bank Corp (Massachusetts)
NASDAQ:INDB
Net Income
$214.7m
CAGR 3-Years
12%
CAGR 5-Years
8%
CAGR 10-Years
15%
PNC Financial Services Group Inc
NYSE:PNC
Net Income
$5.3B
CAGR 3-Years
-4%
CAGR 5-Years
0%
CAGR 10-Years
2%
M&T Bank Corp
NYSE:MTB
Net Income
$2.4B
CAGR 3-Years
8%
CAGR 5-Years
4%
CAGR 10-Years
9%
Truist Financial Corp
NYSE:TFC
Net Income
-$1.8B
CAGR 3-Years
N/A
CAGR 5-Years
N/A
CAGR 10-Years
N/A
Fifth Third Bancorp
NASDAQ:FITB
Net Income
$2.2B
CAGR 3-Years
-6%
CAGR 5-Years
0%
CAGR 10-Years
4%
First Citizens BancShares Inc (Delaware)
NASDAQ:FCNCA
Net Income
$2.7B
CAGR 3-Years
69%
CAGR 5-Years
43%
CAGR 10-Years
39%
No Stocks Found

Independent Bank Corp (Massachusetts)
Glance View

Market Cap
2.8B USD
Industry
Banking

Independent Bank Corp, headquartered in Massachusetts, is the parent company of Rockland Trust, a community-focused bank that marries traditional banking values with modern service dynamics. This bank, which traces its roots back to the early 1900s, has forged its path by deeply embedding itself into the fabric of New England communities. With a primary emphasis on customer relationships, it operates through a network of over 100 retail branches, delivering a suite of financial services tailored to individuals, small businesses, and commercial enterprises. The bank thrives by staying true to its legacy of “big bank know-how” coupled with “small bank know-you,” a philosophy that underscores personalized customer service as a cornerstone of its business model. This focus helps it maintain a loyal customer base, which is fundamental given the competitive banking landscape. The financial engine of Independent Bank Corp is driven by its comprehensive array of services, including traditional deposit products like savings and checking accounts, as well as lending solutions—ranging from personal and mortgage loans to commercial and small business loans. The interest earned on these loans forms a substantial part of its revenue stream. Additionally, the bank fortifies its position through a suite of wealth management services, including investment advice and portfolio management. By leveraging local market expertise and investing in digital banking solutions, it maximizes income from fees and interest while maintaining cost efficiencies. This dual strategy not only enhances profitability but also ensures the bank remains a resilient and adaptable pillar in the volatile financial sector.

INDB Intrinsic Value
95.33 USD
Undervaluation 32%
Intrinsic Value
Price

See Also

What is Independent Bank Corp (Massachusetts)'s Net Income?
Net Income
214.7m USD

Based on the financial report for Sep 30, 2024, Independent Bank Corp (Massachusetts)'s Net Income amounts to 214.7m USD.

What is Independent Bank Corp (Massachusetts)'s Net Income growth rate?
Net Income CAGR 10Y
15%

Over the last year, the Net Income growth was -18%. The average annual Net Income growth rates for Independent Bank Corp (Massachusetts) have been 12% over the past three years , 8% over the past five years , and 15% over the past ten years .

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