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Upturn AI SWOT - About
INDB 
Independent Bank (INDB)
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Upturn Advisory Summary
07/02/2025: INDB (1-star) has a low Upturn Star Rating. Not recommended to BUY.
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 $74.75
1 Year Target Price $74.75
| 2 | Strong Buy |
| 0 | Buy |
| 2 | Hold |
| 0 | Sell |
| 0 | Strong Sell |
Analysis of Past Performance
Type Stock | Historic Profit 18.66% | Avg. Invested days 33 | Today’s Advisory Consider higher Upturn Star rating |
Upturn Star Rating | Upturn Advisory Performance  4.0 | Stock Returns Performance  2.0 |
| Profits based on simulation | Last Close 07/02/2025 |
Key Highlights
Company Size Mid-Cap Stock | Market Capitalization 2.78B USD | Price to earnings Ratio 14.72 | 1Y Target Price 74.75 |
Price to earnings Ratio 14.72 | 1Y Target Price 74.75 | ||
Volume (30-day avg) 4 | Beta 0.86 | 52 Weeks Range 45.69 - 75.13 | Updated Date 07/2/2025 |
52 Weeks Range 45.69 - 75.13 | Updated Date 07/2/2025 | ||
Dividends yield (FY) 3.75% | Basic EPS (TTM) 4.44 |
Analyzing Revenue: Products, Geography and Growth
Revenue by Products
Product revenue - Year on Year
Earnings Date
Report Date - | When - | Estimate - | Actual - |
Profitability
Profit Margin 28.85% | Operating Margin (TTM) 38.43% |
Management Effectiveness
Return on Assets (TTM) 0.96% | Return on Equity (TTM) 6.38% |
Valuation
Trailing PE 14.72 | Forward PE 11.6 | Enterprise Value 2858831872 | Price to Sales(TTM) 4.26 |
Enterprise Value 2858831872 | Price to Sales(TTM) 4.26 | ||
Enterprise Value to Revenue 5.1 | Enterprise Value to EBITDA - | Shares Outstanding 42618500 | Shares Floating 42113480 |
Shares Outstanding 42618500 | Shares Floating 42113480 | ||
Percent Insiders 0.9 | Percent Institutions 89.48 |
Upturn AI SWOT
Independent Bank
Company Overview
History and Background
Independent Bank Corporation was founded in 1864. Originally operating as First National Bank of Ionia, the company rebranded and expanded through strategic acquisitions, establishing itself as a prominent community bank in Michigan.
Core Business Areas
- Commercial Banking: Provides lending, treasury management, and other financial services to businesses.
- Retail Banking: Offers deposit accounts, loans, mortgages, and other banking services to individuals.
- Wealth Management: Provides investment advisory, trust, and estate planning services.
Leadership and Structure
The leadership team consists of the CEO, CFO, and other executive officers. The organizational structure is typical of a community bank, with regional divisions and functional departments.
Top Products and Market Share
Key Offerings
- Commercial Loans: Provides financing for business expansion, working capital, and equipment purchases. Competitors include Huntington Bancshares and Fifth Third Bancorp. Market share is difficult to pinpoint exactly for this narrow segment within the overall lending market, but it is estimated to be a small percentage (less than 1%) of the total U.S. commercial loan market which is dominated by larger banks.
- Residential Mortgages: Offers mortgages for home purchases and refinancing. Competitors include Rocket Mortgage and UWM Holdings Corporation. Market share is difficult to pinpoint exactly for this narrow segment within the overall market, but it is estimated to be a small percentage (less than 1%) of the total U.S. residential mortgage market.
- Deposit Accounts: Offers checking, savings, and money market accounts. Competitors include Chase and Bank of America. Market share is difficult to pinpoint exactly for this narrow segment within the overall deposit market, but it is estimated to be a small percentage (less than 1%) of the total U.S. deposit market which is dominated by larger banks.
Market Dynamics
Industry Overview
The banking industry is currently facing increased competition, regulatory changes, and evolving customer expectations related to digital banking.
Positioning
Independent Bank positions itself as a community-focused bank providing personalized service and local expertise. It competes with both larger national banks and smaller community banks.
Total Addressable Market (TAM)
The TAM for banking services in the US is in the trillions of dollars. Independent Bank, as a regional player, has a small fraction of this total addressable market.
Upturn SWOT Analysis
Strengths
- Strong community relationships
- Local market expertise
- Personalized customer service
- Experienced management team
Weaknesses
- Limited geographic reach
- Smaller scale compared to national banks
- Lower brand recognition
- Dependence on local economy
Opportunities
- Expansion into new markets within Michigan
- Increased digital banking adoption
- Acquisition of smaller banks
- Growing demand for wealth management services
Threats
- Increased competition from larger banks
- Economic downturn in Michigan
- Rising interest rates
- Cybersecurity risks
Competitors and Market Share
Key Competitors
- HBAN
- KEY
- TCBI
Competitive Landscape
Independent Bank faces competition from larger regional and national banks with greater resources and brand recognition. It differentiates itself through personalized service and a focus on the local community, which can be a significant advantage.
Growth Trajectory and Initiatives
Historical Growth: Historical growth trends require access to historical financial data. This is not available to me.
Future Projections: Analyst estimates for future growth require access to financial databases. This is not available to me.
Recent Initiatives: Recent initiatives require up-to-date news and press releases. This is not available to me.
Summary
Independent Bank is a community-focused bank with strengths in local relationships and personalized service. Its smaller size and limited geographic reach present challenges compared to larger competitors. Opportunities exist for expansion and digital adoption, but the bank must manage risks from economic conditions and competition.
Peer Comparison
Sources and Disclaimers
Data Sources:
- Company website
- Public filings
- Industry reports
Disclaimers:
The information provided is for informational purposes only and should not be considered financial advice. Market share data is estimated and may not be precise. Financial data limitations have impacted analysis.
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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