Independent Bank Corp.

Independent Bank Corp.verified

INDB

Price:

$73.98

Market Cap:

$3.14B

Independent Bank Corp. operates as the bank holding company for Rockland Trust Company that provides commercial banking products and services to individuals and small-to-medium sized businesses primarily in Massachusetts. The company accepts interest checking, money market, and savings accounts, as well as demand deposits and time certificates of deposit. It also offers commercial and industrial, commercial real estate and construction, small business, consumer real estate, and personal loans. In addition, the company provides investment management and trust services to individuals, institutions, small businesses, and charitable institutions; Internet and mobile banking services, as well as ...[Read more]

Industry

Banks - Regional

IPO Date

1986-05-14

Stock Exchange

NASDAQ

Ticker

INDB

The Current Ratio as of November 2024 (TTM) for Independent Bank Corp. (INDB) is 0.03

According to Independent Bank Corp.’s latest financial reports and current stock price. The company's current Current Ratio is 0.03. This represents a change of -15.83% compared to the average of 0.03 of the last 4 quarters.

Independent Bank Corp. (INDB) Historical Current Ratio (quarterly & annually)

How has INDB Current Ratio performed in the past?

The mean historical Current Ratio of Independent Bank Corp. over the last ten years is 17.18. The current 0.03 Current Ratio has changed -84.53% with respect to the historical average. Over the past ten years (40 quarters), INDB's Current Ratio was at its highest in in the March 2019 quarter at 150.92. The Current Ratio was at its lowest in in the March 2017 quarter at 0.

Quarterly (TTM)
Annual

Average

17.18

Median

1.12

Minimum

0.02

Maximum

50.12

Independent Bank Corp. (INDB) Current Ratio by Quarter and Year

Discovering the peaks and valleys of Independent Bank Corp. Current Ratio, unveiling quarterly and yearly fluctuations to gain insights into the company’s financial performance and market dynamics, offering valuable data for investors and analysts alike.

Maximum Annual Increase = 2.59%

Maximum Annual Current Ratio = 50.12

Minimum Annual Increase = -99.80%

Minimum Annual Current Ratio = 0.02

Quarterly (TTM)
Annual
YearCurrent RatioChange
20230.02-88.18%
20220.18-51.48%
20210.3748.07%
20200.25148.33%
20190.10-99.80%
201850.122.59%
20171.86-94.96%
201637.01-18.40%
201545.3624.31%
201436.499.44%

Independent Bank Corp. (INDB) Average Current Ratio

How has INDB Current Ratio performed in the past?

The current Current Ratio of Independent Bank Corp. (INDB) is less than than its 3-year, less than than its 5-year, and less than than its 10-year historical averages

3-year avg

0.19

5-year avg

0.18

10-year avg

17.18

Independent Bank Corp. (INDB) Current Ratio vs. Peers

How is INDB’s Current Ratio compared to its peers?

Independent Bank Corp.’s Current Ratio is less than Capitol Federal Financial, Inc. (3.35), greater than BankFinancial Corporation (0), less than Business First Bancshares, Inc. (3.05), less than First Bancorp (0.27), less than Community West Bancshares (0.33), less than Heritage Financial Corporation (0.22), less than HMN Financial, Inc. (4.41), less than First Financial Northwest, Inc. (1.75), greater than Sierra Bancorp (0), less than Finward Bancorp (5.76), greater than First Community Corporation (-2.41), less than First Capital, Inc. (173.51), greater than National Bank Holdings Corporation (0), less than HarborOne Bancorp, Inc. (0.34), less than Richmond Mutual Bancorporation, Inc. (1.29), less than Cambridge Bancorp (46.78), less than Berkshire Hills Bancorp, Inc. (0.32), greater than Eastern Bankshares, Inc. (0), less than Western New England Bancorp, Inc. (9.98), greater than Northeast Community Bancorp, Inc. (0), less than The First Bancshares, Inc. (88.99),

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