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

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$71.3 $1.55 (2.13%) INDB stock closing price Feb 20, 2018 (Closing)

The financial analysis of a company involves interpreting the income statement, balance sheet and cash flow statements of the company to draw insights like we've done in our Independent Bank Corp. stock analysis. 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. Annual results are typically accompanied with the company releasing financial statements. The balance sheet shows total liabilities of $7.14B and shareholders equity of $943.8M. Independent Bank Corp. revenue and Independent Bank Corp. operating cash flow are important in understanding the financial capacity of the company.

View latest 10 year balance sheet data to check Independent Bank Corp. financial performance.
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Quarterly
Annual
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Fiscal year is Jan - Dec2017201620152014201320122011201020092008
Cash213.11M289.09M275.76M178.25M216.32M215.47M237.5M161.28M121.9M50.1M
Marketable Securities1.32M-----8.24M7.59M6.17M2.7M
Receivables6.29B5.94B5.49B4.92B4.67B4.47B3.75B3.51B3.35B2.62B
Inventory4.76M6.13M5.99M6.88M8.88M48.18M20.5M27.91M13.46M-
Raw Materials----------
Work In Progress----------
Finished Goods----------
Notes Receivable----------
Other Current Assets----------
Total Current Assets
6.51B6.23B5.77B5.1B4.89B4.73B4.01B3.71B3.49B2.68B
Property Plant & Equipment-146.76M138.11M119.9M115.68M102.11M90.56M95.13M90.03M77.94M
Accumulated Depreciation-68.28M62.45M55.82M50.73M46.89M42.31M49.42M45.8M41.51M
Net Property Plant & Equipment
94.72M78.48M75.66M64.07M64.95M55.22M48.25M45.71M44.23M36.42M
Investment & Advances956.78M862.21M859.18M757.24M747.44M549.37M546.14M616.04M637.91M657.68M
Other Non-Current Assets-4.17M2.15M7.74M7.63M12.15M6.92M7.33M--
Deferred Charges----------
Intangibles241.14M231.37M212.9M180.3M182.64M162.14M140.72M141.95M145.92M127.2M
Deposits & Other Assets274.64M299.05M286.11M254.77M206.29M247.25M215.82M178.47M159.25M130.5M
Total Assets
8.08B7.71B7.21B6.36B6.1B5.76B4.97B4.7B4.48B3.63B
Notes Payable162.67M176.91M133.95M197.89M204.28M203.35M216.12M168.11M190.45M170.88M
Accounts Payable6.73B6.41B5.99B5.21B4.99B4.55B3.88B3.63B3.38B2.58B
Current Portion Long-Term Debt----------
Current Portion Capital Leases----------
Accrued Expenses----------
Income Taxes Payable----------
Other Current Liabilities----------
Total Current Liabilities
6.89B6.59B6.12B5.41B5.19B4.75B4.09B3.8B3.57B2.75B
Mortgages----------
Deferred Taxes/Income----------
Convertible Debt----------
Long-Term Debt161.01M158.56M210.54M208.76M244.2M387.69M321.55M397.31M456.94M524.43M
Non-Current Capital Leases----------
Other Long-Term Liabilities85.26M96.95M103.37M107.26M72.78M89.93M86.66M66.04M46.68M48.79M
Total Liabilities
7.14B6.84B6.44B5.72B5.51B5.23B4.5B4.26B4.07B3.32B
Minority Interest----------
Preferred Stock----------
Common Stock Net----------
Capital Surplus479.43M451.66M405.48M311.97M305.17M269.95M233.87M226.7M225.08M137.48M
Retained Earnings465.93M414.09M368.16M330.44M293.56M263.67M239.45M210.32M184.59M177.49M
Treasury Stock----------
Other Liabilities-1.83M-1.33M-2.45M-2.13M-7.43M-4.52M-4.48M-0.76M2.75M-9.87M
Shareholders Equity943.8M864.69M771.46M640.52M591.54M529.32M469.05M436.47M412.64M305.27M
Total Liabilities & Shareholders Equity8.08B7.71B7.21B6.36B6.1B5.76B4.97B4.7B4.48B3.63B
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: An asset is a resource that a corporation like Independent Bank Corp. owns and has monetary significance. INDB assets grew from $7.71B in 2016 to $8.08B in 2017. Assets can be of two types: fixed assets like real estate, plant and machinery; and current assets which includes cash, accounts receivable etc. Tech stocks typically don't have too many assets.
  • Liabilities: The total liabilities of Independent Bank Corp. for the year 2017 total to $7.14B. 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.

Independent Bank Corp. Balance Sheet - Key Ratios

Current ratio
0.95
Debt to equity ratio
0.34
Asset turnover ratio
0.05
Receivables turnover
0.06
Price to book ratio
2.16