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Upturn AI SWOT - About
INDB 
Independent Bank (INDB)
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Upturn Advisory Summary
08/08/2025: 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 $79.5
1 Year Target Price $79.5
| 2 | Strong Buy |
| 0 | Buy |
| 2 | Hold |
| 0 | Sell |
| 0 | Strong Sell |
Analysis of Past Performance
Type Stock | Historic Profit 11.33% | Avg. Invested days 35 | Today’s Advisory PASS |
Upturn Star Rating | Upturn Advisory Performance  3.0 | Stock Returns Performance  2.0 |
| Profits based on simulation | Last Close 08/08/2025 |
Key Highlights
Company Size Mid-Cap Stock | Market Capitalization 3.21B USD | Price to earnings Ratio 14.47 | 1Y Target Price 79.5 |
Price to earnings Ratio 14.47 | 1Y Target Price 79.5 | ||
Volume (30-day avg) 4 | Beta 0.88 | 52 Weeks Range 51.67 - 75.13 | Updated Date 08/6/2025 |
52 Weeks Range 51.67 - 75.13 | Updated Date 08/6/2025 | ||
Dividends yield (FY) 1.78% | Basic EPS (TTM) 4.43 |
Analyzing Revenue: Products, Geography and Growth
Revenue by Products
Product revenue - Year on Year
Earnings Date
Report Date 2025-07-16 | When Before Market | Estimate 1.22 | Actual 1.25 |
Profitability
Profit Margin 28.44% | Operating Margin (TTM) 40.33% |
Management Effectiveness
Return on Assets (TTM) 0.96% | Return on Equity (TTM) 6.29% |
Valuation
Trailing PE 14.47 | Forward PE 11.68 | Enterprise Value 2591455488 | Price to Sales(TTM) 4.85 |
Enterprise Value 2591455488 | Price to Sales(TTM) 4.85 | ||
Enterprise Value to Revenue 5.6 | Enterprise Value to EBITDA - | Shares Outstanding 50107000 | Shares Floating 41632791 |
Shares Outstanding 50107000 | Shares Floating 41632791 | ||
Percent Insiders 0.79 | Percent Institutions 77.38 |
Upturn AI SWOT
Independent Bank
Company Overview
History and Background
Independent Bank Corp. was founded in 1989 as a holding company for Independent Bank, a community bank established in Ionia, Michigan. The bank has grown through organic expansion and acquisitions of other community banks in Michigan and surrounding states.
Core Business Areas
- Commercial Banking: Provides commercial loans, deposit accounts, and other financial services to businesses of all sizes.
- Retail Banking: Offers a range of personal banking services, including checking and savings accounts, mortgages, and consumer loans.
- Mortgage Banking: Originates and services residential mortgage loans.
- Wealth Management: Offers wealth management, trust, and investment advisory services to individuals and families.
Leadership and Structure
The company is led by a board of directors and an executive management team headed by the CEO. It operates with a traditional hierarchical structure typical of regional banks.
Top Products and Market Share
Key Offerings
- Commercial Loans: Commercial loans cater to businesses for expansion, operations, and real estate. Market share data is not publicly available for Independent Bank on commercial loans specifically. Competitors include larger national banks like JPMorgan Chase (JPM) and Bank of America (BAC), and regional banks like Comerica (CMA).
- Mortgages: Residential mortgages offer financing for home purchases. Market share data specific to Independent Bank's mortgage originations is not readily available. Competitors include Rocket Mortgage (RKT), UWM Holdings Corporation (UWMC), and local credit unions.
- Deposit Accounts: Includes checking, savings, and money market accounts. Specific market share data for deposit accounts is not publicly available for Independent Bank. Competitors include Huntington Bancshares (HBAN) and Fifth Third Bancorp (FITB).
Market Dynamics
Industry Overview
The banking industry is currently facing rising interest rates, increased regulatory scrutiny, and growing competition from fintech companies. Consolidation is a continuing trend.
Positioning
Independent Bank is a regional bank focused on serving small to medium-sized businesses and individuals in its geographic footprint. Its competitive advantages include its strong local presence and customer relationships.
Total Addressable Market (TAM)
The total addressable market (TAM) for banking services in Independent Bank's operating region is estimated to be in the billions of dollars annually. Independent Bank is positioned to capture a portion of this market through its local presence and customer relationships. However its market share is rather small compared to its competition.
Upturn SWOT Analysis
Strengths
- Strong local market presence
- Established customer relationships
- Experienced management team
- Solid capital base
- Good asset quality
Weaknesses
- Limited geographic diversification
- Smaller scale compared to larger banks
- Reliance on traditional banking model
- Lower brand recognition compared to national banks
- Dependent on economic conditions in its region
Opportunities
- Expansion into new markets through acquisitions
- Increased adoption of digital banking services
- Growing demand for wealth management services
- Opportunities to cross-sell products and services
- Leveraging technology to improve efficiency
Threats
- Increased competition from larger banks and fintech companies
- Rising interest rates
- Economic downturns
- Increased regulatory scrutiny
- Cybersecurity risks
Competitors and Market Share
Key Competitors
- HBAN
- FITB
- CMA
Competitive Landscape
Independent Bank competes with larger regional and national banks, as well as smaller community banks and credit unions. Its advantages include its strong local presence and customer relationships. Disadvantages include its smaller scale and limited geographic diversification.
Major Acquisitions
MSB Bancorp, Inc.
- Year: 2022
- Acquisition Price (USD millions): 93.7
- Strategic Rationale: Expanded Independent Bank's presence in the Michigan market.
Growth Trajectory and Initiatives
Historical Growth: Independent Bank's historical growth has been driven by organic expansion and acquisitions. [requires numerical data].
Future Projections: Analyst estimates project continued growth for Independent Bank, driven by increased lending activity and deposit growth. [requires numerical data].
Recent Initiatives: Recent strategic initiatives include expanding into new markets and investing in digital banking technology.
Summary
Independent Bank is a regional bank with a strong local presence and customer relationships. While it has shown steady growth through strategic acquisitions and organic expansion, it faces challenges from larger competitors and the evolving digital landscape. Its focus on local markets and community banking provides a solid foundation, but it must continue to adapt to changing customer preferences and invest in technology to remain competitive. The bank needs to be mindful of increasing regulatory pressures and potential economic downturns.
Peer Comparison
Sources and Disclaimers
Data Sources:
- Company Website
- SEC Filings
- Industry Reports
- Analyst Reports
Disclaimers:
The information provided is for informational purposes only and should not be considered financial advice. Market share data is often estimated or based on available information. Actual market shares may vary. Financial figures and analysis are based on publicly available information and assumptions.
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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