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Upturn AI SWOT - About
INDB 
Independent Bank (INDB)
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Upturn Advisory Summary
04/01/2025: INDB (2-star) is currently NOT-A-BUY. Pass it for now.
Upturn Star Rating
Below Average Performance
These Stocks/ETFs, based on Upturn Advisory, often underperform the market, warranting careful consideration before investing.
AI Based Fundamental Rating
Moderate Performance
These Stocks/ETFs, based on Upturn Advisory, typically align with the market average, offering steady but unremarkable returns.
Analysis of Past Performance
Type Stock | Historic Profit 9.22% | Avg. Invested days 37 | Today’s Advisory PASS |
Upturn Star Rating | Upturn Advisory Performance  3.0 | Stock Returns Performance  2.0 |
| Profits based on simulation | Last Close 04/01/2025 |
Key Highlights
Company Size Mid-Cap Stock | Market Capitalization 2.66B USD | Price to earnings Ratio 13.82 | 1Y Target Price 78.25 |
Price to earnings Ratio 13.82 | 1Y Target Price 78.25 | ||
Volume (30-day avg) 336057 | Beta 0.79 | 52 Weeks Range 43.37 - 75.84 | Updated Date 04/2/2025 |
52 Weeks Range 43.37 - 75.84 | Updated Date 04/2/2025 | ||
Dividends yield (FY) 3.77% | Basic EPS (TTM) 4.52 |
Analyzing Revenue: Products, Geography and Growth
Revenue by Products
Product revenue - Year on Year
Earnings Date
Report Date - | When - | Estimate - | Actual - |
Profitability
Profit Margin 29.39% | Operating Margin (TTM) 40.65% |
Management Effectiveness
Return on Assets (TTM) 0.99% | Return on Equity (TTM) 6.52% |
Valuation
Trailing PE 13.82 | Forward PE 11.47 | Enterprise Value 3245376768 | Price to Sales(TTM) 4.07 |
Enterprise Value 3245376768 | Price to Sales(TTM) 4.07 | ||
Enterprise Value to Revenue 4.92 | Enterprise Value to EBITDA - | Shares Outstanding 42610300 | Shares Floating 42108518 |
Shares Outstanding 42610300 | Shares Floating 42108518 | ||
Percent Insiders 1.14 | Percent Institutions 86.06 |
Analyst Ratings
Rating 4 | Target Price 77.75 | Buy - | Strong Buy 2 |
Buy - | Strong Buy 2 | ||
Hold 2 | Sell - | Strong Sell - | |
Strong Sell - |
Upturn AI SWOT
Independent Bank
Company Overview
History and Background
Independent Bank Corp. traces its roots back to the late 19th century. Initially focused on serving local communities in Michigan, it has grown through organic expansion and strategic acquisitions. The company's focus remains on community banking.
Core Business Areas
- Commercial Banking: Offers a range of lending and deposit products to small and medium-sized businesses, including commercial real estate loans, equipment financing, and working capital lines of credit.
- Retail Banking: Provides personal banking services such as checking and savings accounts, mortgage loans, auto loans, and credit cards to individuals and families.
- Wealth Management: Offers wealth management and trust services to individuals and families.
Leadership and Structure
The leadership team consists of experienced banking professionals. The organizational structure includes executive management, regional presidents, and functional departments overseeing various business areas.
Top Products and Market Share
Key Offerings
- Commercial Real Estate Loans: Provides financing for commercial real estate projects. Market share data is not easily accessible, but it competes with larger regional and national banks, as well as credit unions. Competitors include Huntington Bancshares and Fifth Third Bancorp.
- Mortgage Loans: Offers residential mortgage loans for home purchases and refinancing. Market share is fragmented, with competition from national lenders, regional banks, and mortgage brokers. Competitors include Rocket Mortgage, United Wholesale Mortgage and regional banks.
- Small Business Loans: Provides loans to small businesses for various purposes. Competitors include Bank of America, JPMorgan Chase, and online lenders such as Kabbage and Funding Circle.
Market Dynamics
Industry Overview
The banking industry is currently facing challenges related to interest rate volatility, increased regulatory scrutiny, and competition from fintech companies. Community banks are focused on maintaining customer relationships and adapting to technological advancements.
Positioning
Independent Bank positions itself as a community-focused bank that provides personalized service and local expertise. Its competitive advantages include strong customer relationships and a deep understanding of the local markets it serves.
Total Addressable Market (TAM)
The total addressable market for banking services in Independent Bank's operating area is substantial, encompassing individuals, businesses, and organizations. Independent Bank captures a portion of this TAM through its branches and digital offerings.
Upturn SWOT Analysis
Strengths
- Strong customer relationships
- Local market expertise
- Experienced management team
- Solid capital base
Weaknesses
- Limited geographic reach
- Smaller scale compared to larger banks
- Dependence on local economy
Opportunities
- Expanding into new markets
- Investing in technology to enhance customer experience
- Growing wealth management business
- Acquiring smaller banks
Threats
- Increased competition from larger banks and fintech companies
- Economic downturn
- Rising interest rates
- Regulatory changes
Competitors and Market Share
Key Competitors
- Huntington Bancshares (HBAN)
- Fifth Third Bancorp (FITB)
- Comerica Incorporated (CMA)
Competitive Landscape
Independent Bank's advantages include its community focus and local expertise. Disadvantages include its smaller scale and limited geographic reach compared to larger competitors.
Major Acquisitions
Growth Trajectory and Initiatives
Historical Growth: Historical growth reflects a combination of organic expansion and strategic acquisitions.
Future Projections: Future projections are based on analyst estimates and depend on various factors, including economic conditions and competitive landscape.
Recent Initiatives: Recent initiatives include investments in digital banking platforms and expansion into new markets.
Summary
Independent Bank is a community-focused bank with a strong presence in its local markets. Its personalized service and local expertise are key strengths. However, it faces competition from larger banks and fintech companies and needs to invest in technology to enhance its customer experience and expand its reach.
Similar Companies
CMA
Comerica Inc
CMA
Comerica Inc
FITB
Fifth Third Bancorp
FITB
Fifth Third Bancorp
HBAN
Huntington Bancshares Incorporated
HBAN
Huntington Bancshares Incorporated
TCBI
Texas Capital Bancshares Inc
TCBI
Texas Capital Bancshares Inc
Sources and Disclaimers
Data Sources:
- Company filings
- Analyst reports
- Industry publications
Disclaimers:
This analysis is for informational purposes only and should not be considered financial advice. Market conditions and company performance can change rapidly.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About Independent Bank
Exchange NASDAQ | Headquaters Rockland, MA, United States | ||
IPO Launch date 1990-03-27 | President, CEO & Director Mr. Jeffrey J. Tengel | ||
Sector Financial Services | Industry Banks - Regional | Full time employees 1837 | Website https://www.rocklandtrust.com |
Full time employees 1837 | Website https://www.rocklandtrust.com | ||
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 in the United States. The company provides interest checking, money market, and savings accounts, as well as demand deposits and time certificates of deposit. It offers commercial real estate and construction, commercial and industrial, small business, secured and unsecured commercial, and consumer real estate loans; term loans and revolving/nonrevolving lines of credit; overdraft protection and letters of credit; and residential mortgages and home equity loans and lines. In addition, the company provides cash management services, such as ACH transaction processing, positive pay, and remote deposit services; investment management and trust services to individuals, institutions, small businesses, and charitable institutions; mobile, online, and telephone banking; estate settlement, financial planning, tax services, and other services; automated teller machines; debit and credit cards; and mutual fund and unit investment trust shares, third party model portfolios, general securities, fixed and variable annuities, and life insurance products, as well as advisory platforms. Further, it invests in low-income housing tax credit projects; holds, maintains, and disposes foreclosed properties; and operates as an investment advisor. The company was founded in 1907 and is headquartered in Rockland, Massachusetts.
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