Independent Bank Corp.

Independent Bank Corp.verified

INDB

Price:

$48.97

Market Cap:

$2.08B

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 ROE as of July 2024 (TTM) for Independent Bank Corp. (INDB) is 7.85%

According to Independent Bank Corp.’s latest financial reports and current stock price. The company's current ROE is 7.85%. This represents a change of 299.87% compared to the average of 1.96% of the last 4 quarters.

Independent Bank Corp. (INDB) Historical ROE (quarterly & annually)

How has INDB ROE performed in the past?

The mean historical ROE of Independent Bank Corp. over the last ten years is 8.54%. The current 7.85% ROE has changed -8.10% with respect to the historical average. Over the past ten years (40 quarters), INDB's ROE was at its highest in in the September 2018 quarter at 3.31%. The ROE was at its lowest in in the December 2021 quarter at 0.06%.

Quarterly (TTM)
Annual

Average

8.54%

Median

9.00%

Minimum

4.01%

Maximum

11.33%

Independent Bank Corp. (INDB) ROE by Quarter and Year

Discovering the peaks and valleys of Independent Bank Corp. ROE, 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 = 127.99%

Maximum Annual ROE = 11.33%

Minimum Annual Increase = -43.67%

Minimum Annual ROE = 4.01%

Quarterly (TTM)
Annual
YearROEChange
20238.27%-9.48%
20229.14%127.99%
20214.01%-43.67%
20207.12%-26.41%
20199.67%-14.65%
201811.33%22.62%
20179.24%4.23%
20168.86%5.27%
20158.42%-9.88%
20149.34%9.98%

Independent Bank Corp. (INDB) Average ROE

How has INDB ROE performed in the past?

The current ROE 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

7.14%

5-year avg

7.64%

10-year avg

8.54%

Independent Bank Corp. (INDB) ROE vs. Peers

How is INDB’s ROE compared to its peers?

Independent Bank Corp.’s ROE is greater than Capitol Federal Financial, Inc. (-11.11%), less than BankFinancial Corporation (5.49%), less than Business First Bancshares, Inc. (11.14%), less than First Bancorp (8.62%), less than Community West Bancshares (5.26%), less than Heritage Financial Corporation (5.64%), less than HMN Financial, Inc. (5.41%), less than First Financial Northwest, Inc. (1.94%), less than Sierra Bancorp (10.89%), less than Finward Bancorp (11.12%), less than First Community Corporation (8.57%), less than First Capital, Inc. (12.16%), less than National Bank Holdings Corporation (11.20%), less than HarborOne Bancorp, Inc. (2.75%), less than Richmond Mutual Bancorporation, Inc. (6.93%), less than Cambridge Bancorp (5.38%), less than Berkshire Hills Bancorp, Inc. (2.21%), less than Eastern Bankshares, Inc. (14.73%), less than Western New England Bancorp, Inc. (5.43%), less than Northeast Community Bancorp, Inc. (16.72%), less than The First Bancshares, Inc. (8.62%),

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