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

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$88.15 $6.5 (7.96%) INDB stock closing price Jul 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. A company releases its balance sheet every quarter along with its quarterly results. Apart from analyzing Independent Bank Corp. revenue Independent Bank Corp. operating cash flow, one needs to check balance sheet items like cash, fixed assets and debt. The Independent Bank Corp. balance sheet for 2018 Q1 shows cash on hand of $165.54M. The company has a debt to equity ratio of 0.34.

View and download Independent Bank Corp. quarterly results to get the balance sheet details for the latest 40 quarters data.
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Quarterly
Annual
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Fiscal year is Jan - Dec2018 Q12017 Q42017 Q32017 Q22017 Q12016 Q42016 Q32016 Q22016 Q12015 Q4
Cash165.54M213.11M259.26M236.32M220.07M289.09M357.8M332.13M196.73M275.76M
Marketable Securities1.6M1.32M1.29M1.29M1.28M-----
Receivables6.3B6.29B6.23B6.21B6B5.94B5.69B5.62B5.53B5.49B
Inventory3.93M4.76M5.45M9.38M3.39M6.13M13.33M12.92M7.58M5.99M
Raw Materials----------
Work In Progress----------
Finished Goods----------
Notes Receivable----------
Other Current Assets----------
Total Current Assets
6.47B6.51B6.5B6.46B6.23B6.23B6.06B5.96B5.74B5.77B
Property Plant & Equipment-171.22M---146.76M---138.11M
Accumulated Depreciation-76.5M---68.28M---62.45M
Net Property Plant & Equipment
95.21M94.72M94.9M92.66M82.02M78.48M76.42M76.17M76.69M75.66M
Investment & Advances1.01B956.78M919.52M928.75M915.45M862.21M829.07M839.78M847.67M859.18M
Other Non-Current Assets--2.89M3.02M3.4M4.17M1.79M1.84M1.72M2.15M
Deferred Charges----------
Intangibles240.26M241.14M242.1M243M230.61M231.37M210.83M211.52M212.21M212.9M
Deposits & Other Assets274.57M274.64M297.27M292.62M279.8M299.05M323.99M327.14M313.08M286.11M
Total Assets
8.09B8.08B8.05B8.02B7.74B7.71B7.5B7.42B7.19B7.21B
Notes Payable162.67M176.91M133.95M197.89M204.28M203.35M216.12M168.11M190.45M170.88M
Accounts Payable6.75B6.73B6.68B6.7B6.47B6.41B6.27B6.2B6B5.99B
Current Portion Long-Term Debt----------
Current Portion Capital Leases----------
Accrued Expenses----------
Income Taxes Payable----------
Other Current Liabilities----------
Total Current Liabilities
6.89B6.89B6.86B6.85B6.62B6.59B6.41B6.34B6.13B6.12B
Mortgages----------
Deferred Taxes/Income----------
Convertible Debt----------
Long-Term Debt161.02M161.01M161.01M161M158.52M158.56M158.6M158.65M158.69M210.54M
Non-Current Capital Leases----------
Other Long-Term Liabilities83.9M85.26M98.07M86.95M85.66M96.95M114.78M118.7M112.6M103.37M
Total Liabilities
7.13B7.14B7.12B7.1B6.86B6.84B6.68B6.61B6.4B6.44B
Minority Interest----------
Preferred Stock----------
Common Stock Net----------
Capital Surplus479.71M479.43M477.87M476.68M452.04M451.66M409.73M408.15M406.92M405.48M
Retained Earnings484.26M465.93M452.65M437.58M425.8M414.09M404.75M391.89M379.15M368.16M
Treasury Stock----------
Other Liabilities-8.19M-1.83M---0.63M-1.33M3.5M3.58M1.81M-2.45M
Shareholders Equity956.05M943.8M931.22M914.58M877.48M864.69M818.24M803.89M788.14M771.46M
Total Liabilities & Shareholders Equity8.09B8.08B8.05B8.02B7.74B7.71B7.5B7.42B7.19B7.21B
All figures in USD. M: Millions of USD, B: Billions of USD.
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The latest Independent Bank Corp. stock price, and Independent Bank Corp. historical stock prices show the stock price movement over time, and the Independent Bank Corp. PE ratio chart displays the PE ratio movement. Apart from stock price, one should also look at balance sheet items which mainly comprise of the following:

  • Assets: Anything that the Independent Bank Corp. company owns and is a part of its books. Assets can be of three types: fixed, current and other assets which includes intangibles, advances. Internet companies typically don't have a lot of assets as there is not much investment in say machinery, equipment etc. Independent Bank Corp. had total assets of $8.09B.
  • 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 $7.13B.

Independent Bank Corp. Balance Sheet - Key Ratios

Current ratio
0.94
Debt to equity ratio
0.34
Asset turnover ratio
0.05
Receivables turnover
0.06
Price to book ratio
2.62