Independent Bank Corp. Balance Sheet - Annual (NASDAQ:INDB)

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$68.05 $1 (1.49%) INDB stock closing price Jan 18, 2017 (Closing)

The financial analysis of a company like Independent Bank Corp. involves checking the three financial statements of the company in detail, of which the balance sheet is one. As in our Independent Bank Corp. stock analysis, analyzing a company also involves looking at the company's assets and liabilities as given in its balance sheet, which can be used to measure financial performance. Quarterly results are typically accompanied with the company releasing financial statements. Independent Bank Corp. had a long term debt of $210.54M at the end of 2015. Independent Bank Corp. operating cash flow was $89.54M while Independent Bank Corp. revenue stood at $311.43M. View latest and last 10 year balance sheet data to check Independent Bank Corp. financial performance..

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Annual
Quarterly
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Fiscal year is Jan - Dec. 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006
Cash275.76M178.25M216.32M215.47M237.5M161.28M121.9M50.1M67.41M138.29M
Marketable Securities0.35M---8.24M7.59M6.17M2.7M--
Receivables5.49B4.92B4.67B4.47B3.75B3.51B3.35B2.62B2.02B2B
Inventory5.99M6.88M8.88M48.18M20.5M27.91M13.46M---
Raw Materials----------
Work In Progress----------
Finished Goods----------
Notes Receivable----------
Other Current Assets---------1.75M
Independent Bank Corp. Total Current Assets
5.77B5.1B4.89B4.73B4.01B3.71B3.49B2.68B2.08B2.14B
Property Plant & Equipment138.11M119.9M115.68M102.11M90.56M95.13M90.03M77.94M--
Accumulated Depreciation62.45M55.82M50.73M46.89M42.31M49.42M45.8M41.51M--
Independent Bank Corp. Net Property Plant & Equipment
75.66M64.07M64.95M55.22M48.25M45.71M44.23M36.42M39.08M37.31M
Investment & Advances859.18M757.24M747.44M549.37M546.14M616.04M637.91M657.68M507.47M515.54M
Other Non-Current Assets2.15M7.74M7.63M12.15M6.92M7.33M----
Deferred Charges----------
Intangibles212.9M180.3M182.64M162.14M140.72M141.95M145.92M127.2M62.48M58.97M
Deposits & Other Assets286.11M254.77M206.29M247.25M215.82M178.47M159.25M130.5M75.83M78.94M
Independent Bank Corp. Total Assets
7.21B6.36B6.1B5.76B4.97B4.7B4.48B3.63B2.77B2.83B
Notes Payable133.95M197.89M204.28M203.35M216.12M168.11M190.45M170.88M190.15M185.56M
Accounts Payable5.99B5.21B4.99B4.55B3.88B3.63B3.38B2.58B2.03B2.09B
Current Portion Long-Term Debt----------
Current Portion Capital Leases----------
Accrued Expenses--------3.06M2.95M
Income Taxes Payable----------
Other Current Liabilities----------
Independent Bank Corp. Total Current Liabilities
6.12B5.41B5.19B4.75B4.09B3.8B3.57B2.75B2.22B2.28B
Mortgages----------
Deferred Taxes/Income----------
Convertible Debt----------
Long-Term Debt210.54M208.76M244.2M387.69M321.55M397.31M456.94M524.43M311.12M305.12M
Non-Current Capital Leases----------
Other Long-Term Liabilities103.37M107.26M72.78M89.93M86.66M66.04M46.68M48.79M16.99M15.14M
Independent Bank Corp. Total Liabilities
6.44B5.72B5.51B5.23B4.5B4.26B4.07B3.32B2.55B2.6B
Minority Interest----------
Preferred Stock----------
Common Stock Net0.26M0.23M0.23M0.22M0.21M0.21M0.2M0.16M0.13M0.14M
Capital Surplus405.48M311.97M305.17M269.95M233.87M226.7M225.08M137.48M60.63M60.18M
Retained Earnings368.16M330.44M293.56M263.67M239.45M210.32M184.59M177.49M164.56M175.14M
Treasury Stock----------
Other Liabilities-2.45M-2.13M-7.43M-4.52M-4.48M-0.76M2.75M-9.87M-4.86M-5.69M
Independent Bank Corp. Shareholders Equity
771.46M640.52M591.54M529.32M469.05M436.47M412.64M305.27M220.46M229.78M
Independent Bank Corp. Total Liabilities & Shareholders Equity
7.21B6.36B6.1B5.76B4.97B4.7B4.48B3.63B2.77B2.83B
All figures in USD. M: Millions of USD, B: Billions of USD.
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Most investors just check the Independent Bank Corp. stock price, and Independent Bank Corp. historical stock prices before investing. While share price is an important factor, one should also look at financials and valuation metrics like the Independent Bank Corp. PE ratio chart. Below is a brief explanation of common balance sheet terms:
  • Assets: An asset is a resource that a corporation like Independent Bank Corp. owns and has economic value. The two major types of assets are: fixed assets like real estate, plant and machinery and current assets like cash, marketable securities and inventory. The total asset value for INDB stock as of year is $7.21B. Its easy to associate the term with manufacturing companies, which invest a lot in factories and equipment. However, the same cannot be said about tech stocks.
  • Liabilities: This item on the balance sheet implies the firm's, in this case Independent Bank Corp.'s, legal obligations including loans, accounts payable, deferred revenue, accrued expenses and mortgages. The total liabilities for INDB stock stand at $6.44B.
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Independent Bank Corp. Balance Sheet - Key Ratios

Current ratio
0.95
Debt to Equity ratio
0.36
Asset Turnover
ratio
0.04
receivables turnover
ratio
0.06
PB ratio (
price to book ratio
)
2.2720