During the past 12 months, Independent Bank's average Book Value per Share Growth Rate was 6.80% per year.
During the past 3 years, the average Book Value per Share Growth Rate was 9.30% per year.
During the past 5 years, the average Book Value per Share Growth Rate was 11.40% per year.
During the past 10 years, the average Book Value per Share Growth Rate was 11.60% per year.
Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the average Book Value per Share growth rate.
During the past 13 years, the highest 3-Year average Book Value per Share Growth Rate of Independent Bank was 18.60% per year. The lowest was -9.50% per year. And the median was 8.80% per year.
Competitive Comparison of Independent Bank's 3-Year Book Growth Rate
For the Banks - Regional subindustry, Independent Bank's 3-Year Book Growth Rate, along with its competitors' market caps and 3-Year Book Growth Rate 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's 3-Year Book Growth Rate Distribution in the Banks Industry
For the Banks industry and Financial Services sector, Independent Bank's 3-Year Book Growth Rate distribution charts can be found below:
* The bar in red indicates where Independent Bank's 3-Year Book Growth Rate falls into.
Independent Bank 3-Year Book Growth Rate Calculation
This is the 3-year average growth rate of Book Value per Share. The growth rate is calculated using exponential compounding based on the latest four year annual data.
Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the average Book Value per Share growth rate.
Independent Bank (NAS:INDB) 3-Year Book Growth Rate Explanation
Book Value per Share is the ratio of equity available to common shareholders divided by the shares outstanding. Book value per share effectively indicates a firm's net asset value on a per-share basis. It can be used by investors to gauge whether a stock price is undervalued by comparing it to the firm's market value per share. Theoretically, it is what the shareholders will receive if the company is liquidated.
Independent Bank 3-Year Book Growth Rate Related Terms
Thank you for viewing the detailed overview of Independent Bank's 3-Year Book Growth Rate 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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