What is Independent Bank Average Interest Earning Assets (USD Mil)?
Average Interest Earning Assets (USD Mil) is the average of the beginning and ending balances of interest earning assets. Earning Assets are income-producing investments owned by a company without any significant effort on its owners.
Independent Bank's Average Interest Earning Assets (USD Mil) for the quarter that ended in Mar. 2024 was 17,244.50
, which is higher than
17,183.50 for the pervious quarter ended in Dec. 2023.
Independent Bank's Average Interest Earning Assets (USD Mil) for the annual that ended in Dec. 2023 was 17,238.60
, which is lower than
17,846.90 for the pervious year ended in Dec. 2022.
The historical rank and industry rank for Independent Bank's Average Interest Earning Assets (USD Mil) or its related term are showing as below:
INDB's Average Interest Earning Assets (USD Mil) is not ranked *
in the Banks industry.
Industry Median: * Ranked among companies with meaningful Average Interest Earning Assets (USD Mil) only.
Independent Bank Average Interest Earning Assets (USD Mil) Historical Data
The historical data trend for Independent Bank's Average Interest Earning Assets (USD Mil) can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
* Premium members only.
Independent Bank Average Interest Earning Assets (USD Mil) Chart
Competitive Comparison of Independent Bank's Average Interest Earning Assets (USD Mil)
For the Banks - Regional subindustry, Independent Bank's Average Interest Earning Assets (USD Mil), along with its competitors' market caps and Average Interest Earning Assets (USD Mil) data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Independent Bank (NAS:INDB) Average Interest Earning Assets (USD Mil) Explanation
Earning assets are assets that can generate income directly, such as stocks that pay dividends, bonds that pay interest, real estate properties that generate rental income, copyright and other interest or dividend earning accounts or instruments.
Average Earning Assets are commonly used as a denominator when calculating net interest margin. This ratio can help investors determine whether or not to invest in a financial company by providing visibility into the profitability of their interest income versus their interest expenses.
Independent Bank Average Interest Earning Assets (USD Mil) Related Terms
Thank you for viewing the detailed overview of Independent Bank's Average Interest Earning Assets (USD Mil) provided by GuruFocus.com. Please click on the following links to see related term pages.
Independent Bank (Independent Bank) Business Description
Independent Bank is a bank holding company and the sole shareholder of its bank, the Rockland Trust Company. Rockland is a community-oriented commercial bank. The bank's revenue is derived from a wide array of banking services, including lending activities, acceptance of demand, savings, and time deposits, and investment management. Rockland has historically relied heavily on both organic growth and select merger and acquisition activity to drive growth. The bank's loan portfolio constitutes the bulk of the bank's total assets. Its borrowers consist mostly of small to medium-size businesses and consumers, most of which are made to its market area in eastern Massachusetts and Rhode Island. The bank's loan portfolio is predominantly in commercial loans.
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