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

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$65.05 $0.2 (0.31%) INDB stock closing price Feb 24, 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. All three financial statements should be used to measure the financial performance of the company, and should form a part of the Independent Bank Corp. stock analysis. A company releases its balance sheet every quarter along with its quarterly results. The Independent Bank Corp. balance sheet for 2016 shows total assets of $7.71B. Independent Bank Corp. revenue was $329.06M and Independent Bank Corp. operating cash flow was $89.54M for the same year. 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. 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007
Cash289.09M275.76M178.25M216.32M215.47M237.5M161.28M121.9M50.1M67.41M
Marketable Securities0.8M0.35M---8.24M7.59M6.17M2.7M-
Receivables5.94B5.49B4.92B4.67B4.47B3.75B3.51B3.35B2.62B2.02B
Inventory6.13M5.99M6.88M8.88M48.18M20.5M27.91M13.46M--
Raw Materials----------
Work In Progress----------
Finished Goods----------
Notes Receivable----------
Other Current Assets----------
Independent Bank Corp. Total Current Assets
6.23B5.77B5.1B4.89B4.73B4.01B3.71B3.49B2.68B2.08B
Property Plant & Equipment-138.11M119.9M115.68M102.11M90.56M95.13M90.03M77.94M-
Accumulated Depreciation-62.45M55.82M50.73M46.89M42.31M49.42M45.8M41.51M-
Independent Bank Corp. Net Property Plant & Equipment
78.48M75.66M64.07M64.95M55.22M48.25M45.71M44.23M36.42M39.08M
Investment & Advances862.21M859.18M757.24M747.44M549.37M546.14M616.04M637.91M657.68M507.47M
Other Non-Current Assets-2.15M7.74M7.63M12.15M6.92M7.33M---
Deferred Charges----------
Intangibles231.37M212.9M180.3M182.64M162.14M140.72M141.95M145.92M127.2M62.48M
Deposits & Other Assets303.22M286.11M254.77M206.29M247.25M215.82M178.47M159.25M130.5M75.83M
Independent Bank Corp. Total Assets
7.71B7.21B6.36B6.1B5.76B4.97B4.7B4.48B3.63B2.77B
Notes Payable176.91M133.95M197.89M204.28M203.35M216.12M168.11M190.45M170.88M190.15M
Accounts Payable6.41B5.99B5.21B4.99B4.55B3.88B3.63B3.38B2.58B2.03B
Current Portion Long-Term Debt----------
Current Portion Capital Leases----------
Accrued Expenses---------3.06M
Income Taxes Payable----------
Other Current Liabilities----------
Independent Bank Corp. Total Current Liabilities
6.59B6.12B5.41B5.19B4.75B4.09B3.8B3.57B2.75B2.22B
Mortgages----------
Deferred Taxes/Income----------
Convertible Debt----------
Long-Term Debt158.56M210.54M208.76M244.2M387.69M321.55M397.31M456.94M524.43M311.12M
Non-Current Capital Leases----------
Other Long-Term Liabilities96.95M103.37M107.26M72.78M89.93M86.66M66.04M46.68M48.79M16.99M
Independent Bank Corp. Total Liabilities
6.84B6.44B5.72B5.51B5.23B4.5B4.26B4.07B3.32B2.55B
Minority Interest----------
Preferred Stock----------
Common Stock Net0.26M0.26M0.23M0.23M0.22M0.21M0.21M0.2M0.16M0.13M
Capital Surplus451.66M405.48M311.97M305.17M269.95M233.87M226.7M225.08M137.48M60.63M
Retained Earnings414.09M368.16M330.44M293.56M263.67M239.45M210.32M184.59M177.49M164.56M
Treasury Stock----------
Other Liabilities-1.33M-2.45M-2.13M-7.43M-4.52M-4.48M-0.76M2.75M-9.87M-4.86M
Independent Bank Corp. Shareholders Equity
864.69M771.46M640.52M591.54M529.32M469.05M436.47M412.64M305.27M220.46M
Independent Bank Corp. Total Liabilities & Shareholders Equity
7.71B7.21B6.36B6.1B5.76B4.97B4.7B4.48B3.63B2.77B
All figures in USD. M: Millions of USD, B: Billions of USD.
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Apart from balance sheet items, an investor would do well to keep track of the Independent Bank Corp. stock price by looking at Independent Bank Corp. historical stock prices. One can compare PE with industry average by looking at the Independent Bank Corp. PE ratio chart. The common balance sheet items are:
  • Assets: INDB total assets, which was at $7.71B for 2016 is a balance sheet item representing value of what Independent Bank Corp. owns. Assets are brought to aid a firms operations, or to increase its economic value. It must be noted that tech stocks may not have a lot of assets, as the value for these companies is often derived from future earning potential.
  • Liabilities: The total liabilities of Independent Bank Corp. for 2016 total to $6.84B. Liabilities for a company like Independent Bank Corp. include bank loans, services which have been availed for which a settlement in the form of cash/ asset transfer needs to be done in future etc. A firm takes on such obligations to grow its business which in turn will generate future economic benefits for its business.
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Independent Bank Corp. Balance Sheet - Key Ratios

Current ratio
0.95
Debt to Equity ratio
0.39
Asset Turnover
ratio
0.05
receivables turnover
ratio
0.06
PB ratio (
price to book ratio
)
2.1470