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Independent Bank Corp (INDB) Financial, Regional Banks
Independent Bank Corp. operates as the bank holding company for Rockland Trust Company that provides commercial banking, retail banking, and wealth management services, as well as the sale of retail investments and insurance products in Massachusetts. It offers a range of deposit products, including demand deposits, interest checking, money market accounts, savings accounts, and time certificates of deposit. The company's loan portfolio comprises commercial loans, which include loans to businesses for working capital and other business-related purposes, and floor plan financing; small business loans, which primarily consist of loans to businesses with commercial credit needs; and consumer loans that primarily comprises installment loans, home equity loans and lines, automobile loans, and overdraft protection. It also provides real estate loans, which include commercial mortgages that are secured by non-residential properties; residential mortgages that are secured primarily by owner-occupied residences; and mortgages for the construction of commercial and residential properties. In addition, the company provides investment management and trust services to individuals, small businesses, and charitable institutions. As of December 31, 2008, it operated 58 full service and 3 limited service retail branches, 10 commercial banking centers, 4 investment management offices, and 5 mortgage lending centers in the southeastern Massachusetts; and Lincoln, Rhode Island. The company was founded in 1907 and is headquartered in Rockland, Massachusetts.
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Key Statistics
| Closing Price | 28.36 |
| Volume | 38171 |
| Volume Avg | 61857 |
| 52 Week High | 29.99 |
| 52 Week Low | 20.23 |
| PE | 13.54 |
| PE (group average) | 27 |
| EPS Year | 2.12 |
| EPS change Q/Q | -5.36% |
| EPS change Q/Q Yr ago | 20.45% |
| EPS change Q/Q next Q est | 0% |
| EPS change Y/Y | -49.5% |
| REV change Q/Q | -4.05% |
| REV change Q/Q Yr ago | 1.15% |
| EPS next Q est | 0.53 |
| EPS next Y est | 2.22 |
| Divident Annual | 0.76 |
| Dividend Yield | 2.68% |
