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Upturn AI SWOT - About
INDB 
Independent Bank (INDB)
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Upturn Advisory Summary
11/14/2025: INDB (1-star) is currently NOT-A-BUY. Pass it for now.
Upturn Star Rating
Not Recommended Performance
These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.
Number of Analysts
4 Analysts rated it
Very few follow this stock; limited insights, higher-risk early investing.
1 Year Target Price $82.75
1 Year Target Price $82.75
| 2 | Strong Buy |
| 0 | Buy |
| 2 | Hold |
| 0 | Sell |
| 0 | Strong Sell |
Analysis of Past Performance
Type Stock | Historic Profit 3.6% | Avg. Invested days 35 | Today’s Advisory PASS |
Upturn Star Rating | Upturn Advisory Performance  3.0 | Stock Returns Performance  1.0 |
| Profits based on simulation | Last Close 11/14/2025 |
Key Highlights
Company Size Mid-Cap Stock | Market Capitalization 3.43B USD | Price to earnings Ratio 17.03 | 1Y Target Price 82.75 |
Price to earnings Ratio 17.03 | 1Y Target Price 82.75 | ||
Volume (30-day avg) 4 | Beta 0.83 | 52 Weeks Range 51.24 - 74.51 | Updated Date 11/16/2025 |
52 Weeks Range 51.24 - 74.51 | Updated Date 11/16/2025 | ||
Dividends yield (FY) 3.39% | Basic EPS (TTM) 4.06 |
Analyzing Revenue: Products, Geography and Growth
Revenue by Products
Product revenue - Year on Year
Earnings Date
Report Date - | When - | Estimate - | Actual - |
Profitability
Profit Margin 25.25% | Operating Margin (TTM) 38.34% |
Management Effectiveness
Return on Assets (TTM) 0.81% | Return on Equity (TTM) 5.51% |
Valuation
Trailing PE 17.03 | Forward PE 9.36 | Enterprise Value 3319730688 | Price to Sales(TTM) 4.81 |
Enterprise Value 3319730688 | Price to Sales(TTM) 4.81 | ||
Enterprise Value to Revenue 5.44 | Enterprise Value to EBITDA - | Shares Outstanding 49577265 | Shares Floating 48582249 |
Shares Outstanding 49577265 | Shares Floating 48582249 | ||
Percent Insiders 0.78 | Percent Institutions 86.39 |
Upturn AI SWOT
Independent Bank
Company Overview
History and Background
Independent Bank was founded in 1864 in Ionia, Michigan. Initially focused on serving local agricultural communities, it has grown through organic expansion and acquisitions to become a regional bank operating primarily in Michigan. It aims to be a relationship-focused community bank.
Core Business Areas
- Commercial Banking: Offers lending, deposit, and treasury management services to businesses, including commercial real estate loans, equipment financing, and working capital lines of credit.
- Retail Banking: Provides a range of consumer banking products, including checking and savings accounts, mortgage loans, auto loans, and credit cards.
- Wealth Management: Offers investment management, financial planning, and trust services to individuals and families.
Leadership and Structure
The executive leadership team is headed by the CEO, with various senior vice presidents overseeing different business lines and support functions. The bank operates with a board of directors responsible for corporate governance and strategic oversight.
Top Products and Market Share
Key Offerings
- Commercial Real Estate Loans: Loans secured by commercial properties, generating a significant portion of Independent Bank's loan portfolio. Market share is regional, competing with larger national banks and other community banks in Michigan. Competitors include Huntington Bancshares, Fifth Third Bancorp.
- Residential Mortgage Loans: Mortgage loans for home purchases and refinancing. Independent Bank competes with national mortgage lenders and other local banks. Market share is regional, and impacted by interest rate environment. Competitors include Rocket Mortgage, United Wholesale Mortgage.
- Small Business Loans: Loans to small businesses. Competes with SBA lenders, online lenders, and larger banks. Competitors include Bank of America, Chase.
Market Dynamics
Industry Overview
The banking industry is currently facing rising interest rates, increased competition from fintech companies, and regulatory scrutiny. Consolidation is ongoing, with larger banks acquiring smaller institutions. The industry is focused on digital transformation and enhanced customer experience.
Positioning
Independent Bank is positioned as a relationship-focused community bank serving individuals and businesses in Michigan. It aims to provide personalized service and local expertise. Their niche is community based banking.
Total Addressable Market (TAM)
The US banking market is valued at trillions of dollars. Independent Bank's TAM is concentrated in the Michigan region where it operates. They are focusing on capturing a greater share of the small to medium sized business banking segment.
Upturn SWOT Analysis
Strengths
- Strong local presence in Michigan
- Relationship-focused banking model
- Experienced management team
- Solid asset quality
- Strong community ties
Weaknesses
- Limited geographic diversification
- Smaller scale compared to larger competitors
- Potential vulnerability to economic downturns in Michigan
- Reliance on traditional banking services
Opportunities
- Expansion into new markets within Michigan
- Increased focus on digital banking services
- Acquisitions of smaller community banks
- Growth in wealth management business
Threats
- Rising interest rates
- Increased competition from fintech companies
- Economic downturn in Michigan
- Regulatory changes
- Cybersecurity risks
Competitors and Market Share
Key Competitors
- Huntington Bancshares (HBAN)
- Fifth Third Bancorp (FITB)
- Comerica (CMA)
Competitive Landscape
Independent Bank faces competition from larger regional banks with greater resources and branch networks. Its advantage lies in its local focus and personalized service. However, larger banks may offer a wider range of products and services.
Growth Trajectory and Initiatives
Historical Growth: Discuss Independent Bank's growth trends over the past years.
Future Projections: Provide projections for Independent Bank's future growth based on analyst estimates.
Recent Initiatives: Highlight recent strategic initiatives undertaken by Independent Bank.
Summary
Independent Bank is a regional bank in Michigan with a strong local presence. Its relationship-focused model and solid asset quality are strengths. However, its smaller scale and limited geographic diversification pose challenges. Future growth depends on expanding within Michigan and adapting to the changing banking landscape.
Similar Stocks
Sources and Disclaimers
Data Sources:
- Company Website
- SEC Filings
- Market Data Providers
- Industry Reports
Disclaimers:
The information provided is for informational purposes only and should not be considered financial advice. Market share data is based on estimates and may vary. Investment decisions should be based on individual research and consultation with a qualified financial advisor.
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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