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

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$68.2 $0.5 (0.73%) INDB stock closing price Aug 16, 2017 (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. Balance sheet items like cash at hand, total assets and liabilities helps one analyze a company and summarize the financial performance of the company like we have in our Independent Bank Corp. stock analysis. Quarterly results are typically accompanied with the company releasing financial statements. Independent Bank Corp. revenue was $329.06M and Independent Bank Corp. operating cash flow was $93.33M for 2016. The balance sheet shows total liabilities of $6.84B and shareholders equity of $864.69M. 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.2016201520142013201220112010200920082007
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 & Equipment146.76M138.11M119.9M115.68M102.11M90.56M95.13M90.03M77.94M-
Accumulated Depreciation68.28M62.45M55.82M50.73M46.89M42.31M49.42M45.8M41.51M-
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 Assets4.17M2.15M7.74M7.63M12.15M6.92M7.33M---
Deferred Charges----------
Intangibles231.37M212.9M180.3M182.64M162.14M140.72M141.95M145.92M127.2M62.48M
Deposits & Other Assets299.05M286.11M254.77M206.29M247.25M215.82M178.47M159.25M130.5M75.83M
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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Looking at Independent Bank Corp. historical stock prices and the current Independent Bank Corp. stock price can tell you how the stock price has moved, whereas the Independent Bank Corp. PE ratio chart shows if its shares are overpriced in comparison to peers. The important things to look for in a balance sheet are:
  • Assets: An asset is a resource that a corporation like Independent Bank Corp. owns and has monetary significance. INDB assets grew from $7.21B in 2015 to $7.71B in 2016 . 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 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
0.94
Debt to Equity ratio
0.31
Asset Turnover
ratio
0.05
receivables turnover
ratio
0.06
PB ratio (
price to book ratio
)
2.1720