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Upturn AI SWOT - About
INDB 
Independent Bank (INDB)
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Upturn Advisory Summary
09/17/2025: 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 $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 10.56% | Avg. Invested days 33 | Today’s Advisory Consider higher Upturn Star rating |
Upturn Star Rating | Upturn Advisory Performance  3.0 | Stock Returns Performance  2.0 |
| Profits based on simulation | Last Close 09/17/2025 |
Key Highlights
Company Size Mid-Cap Stock | Market Capitalization 3.56B USD | Price to earnings Ratio 16.11 | 1Y Target Price 79.5 |
Price to earnings Ratio 16.11 | 1Y Target Price 79.5 | ||
Volume (30-day avg) 4 | Beta 0.93 | 52 Weeks Range 51.67 - 75.13 | Updated Date 09/16/2025 |
52 Weeks Range 51.67 - 75.13 | Updated Date 09/16/2025 | ||
Dividends yield (FY) 3.25% | Basic EPS (TTM) 4.4 |
Analyzing Revenue: Products, Geography and Growth
Revenue by Products
Product revenue - Year on Year
Earnings Date
Report Date - | When - | Estimate - | Actual - |
Profitability
Profit Margin 28.44% | Operating Margin (TTM) 41.02% |
Management Effectiveness
Return on Assets (TTM) 0.96% | Return on Equity (TTM) 6.29% |
Valuation
Trailing PE 16.11 | Forward PE 9.67 | Enterprise Value 3425945088 | Price to Sales(TTM) 5.37 |
Enterprise Value 3425945088 | Price to Sales(TTM) 5.37 | ||
Enterprise Value to Revenue 6.12 | Enterprise Value to EBITDA - | Shares Outstanding 49915900 | Shares Floating 48814273 |
Shares Outstanding 49915900 | Shares Floating 48814273 | ||
Percent Insiders 0.78 | Percent Institutions 79.82 |
Upturn AI SWOT
Independent Bank
Company Overview
History and Background
Independent Bank Corp. was founded in 1907. It has grown through organic expansion and acquisitions, focusing on community banking services in Michigan and surrounding areas. Independent Bank has expanded its services over time through strategic acquisitions.
Core Business Areas
- Commercial Banking: Offers loans, lines of credit, deposit accounts, and other financial services to businesses of all sizes.
- Retail Banking: Provides checking and savings accounts, mortgages, auto loans, credit cards, and other personal financial services to individuals and families.
- Wealth Management: Offers investment management, financial planning, and trust services to high-net-worth individuals and families.
Leadership and Structure
The leadership team consists of the CEO, CFO, COO, and various regional presidents. The organizational structure is hierarchical, with regional branches reporting to the corporate headquarters.
Top Products and Market Share
Key Offerings
- Commercial Loans: Loans to businesses for working capital, equipment purchases, and real estate development. Market share varies by region. Key competitors include larger national banks and other regional banks in Michigan.
- Residential Mortgages: Mortgages for purchasing or refinancing homes. Market share varies by region, affected by interest rates and competition. Competitors include Quicken Loans, national banks, and local credit unions.
- Deposit Accounts: Checking, savings, and money market accounts for individuals and businesses. Competitive interest rates are key. Competitors include national banks, credit unions, and online banks.
Market Dynamics
Industry Overview
The banking industry is currently facing challenges from rising interest rates, increased regulatory scrutiny, and competition from fintech companies. Community banks are focused on personalized service and local relationships.
Positioning
Independent Bank is positioned as a community bank focusing on providing personalized service and building long-term relationships with customers. They compete on service and local expertise.
Total Addressable Market (TAM)
The TAM for banking services in Michigan is estimated to be several billion dollars annually. Independent Bank is positioned to capture a portion of this market through its branch network and customer-focused approach.
Upturn SWOT Analysis
Strengths
- Strong local presence
- Customer relationships
- Experienced management team
- Conservative lending practices
Weaknesses
- Limited geographic reach compared to national banks
- Less advanced technology compared to fintech companies
- Higher operating costs than larger banks
- Dependence on regional economy
Opportunities
- Expanding into new markets
- Investing in technology to improve customer service
- Acquiring smaller banks
- Increasing cross-selling of products and services
Threats
- Rising interest rates
- Increased competition from fintech companies
- Economic downturn in Michigan
- Regulatory changes
Competitors and Market Share
Key Competitors
- KEY (KEY)
- Huntington Bancshares (HBAN)
- Fifth Third Bancorp (FITB)
Competitive Landscape
Independent Bank competes with larger national banks and other regional banks. Its competitive advantage lies in its personalized service and local expertise.
Major Acquisitions
Lakestone Bank & Trust
- Year: 2018
- Acquisition Price (USD millions): 218
- Strategic Rationale: Expanded Independent Bank's presence in Southeast Michigan and added valuable commercial lending expertise.
Growth Trajectory and Initiatives
Historical Growth: Independent Bank has grown steadily over the past decade, driven by organic expansion and strategic acquisitions.
Future Projections: Analysts project continued revenue and earnings growth for Independent Bank, driven by increased lending activity and deposit growth. Projected growth rate is around 5% annually.
Recent Initiatives: Recent initiatives include expanding into new markets, investing in technology, and improving customer service.
Summary
Independent Bank is a stable community bank with a strong local presence. Its growth is steady, driven by acquisitions and organic expansion. Key strengths include customer relationships and conservative lending. Challenges include competition from larger banks and fintech companies.
Peer Comparison
Sources and Disclaimers
Data Sources:
- SEC Filings
- Company Website
- Analyst Reports
Disclaimers:
The data provided is for informational purposes only and should not be considered investment advice. Market share data is estimated and may vary. Financial data may be subject to change.
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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