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Independent Bank (Independent Bank) Earnings per Share (Diluted) : $5.18 (TTM As of Dec. 2023)


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What is Independent Bank Earnings per Share (Diluted)?

Independent Bank's Earnings per Share (Diluted) for the three months ended in Dec. 2023 was $1.26. Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Dec. 2023 was $5.18.

Independent Bank's EPS (Basic) for the three months ended in Dec. 2023 was $1.26. Its EPS (Basic) for the trailing twelve months (TTM) ended in Dec. 2023 was $5.18.

Independent Bank's EPS without NRI for the three months ended in Dec. 2023 was $1.26. Its EPS without NRI for the trailing twelve months (TTM) ended in Dec. 2023 was $5.18.

During the past 12 months, Independent Bank's average EPS without NRIGrowth Rate was -6.60% per year. During the past 3 years, the average EPS without NRIGrowth Rate was 14.00% per year. During the past 5 years, the average EPS without NRI Growth Rate was 3.50% per year. During the past 10 years, the average EPS without NRI Growth Rate was 9.90% per year.

During the past 13 years, Independent Bank's highest 3-Year average EPS without NRI Growth Rate was 35.20% per year. The lowest was -11.20% per year. And the median was 8.40% per year.


Independent Bank Earnings per Share (Diluted) Historical Data

The historical data trend for Independent Bank's Earnings per Share (Diluted) 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 Earnings per Share (Diluted) Chart

Independent Bank Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Earnings per Share (Diluted)
Get a 7-Day Free Trial Premium Member Only Premium Member Only 5.03 3.64 3.47 5.69 5.42

Independent Bank Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Earnings per Share (Diluted) Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.36 1.42 1.38 1.26 1.12

Competitive Comparison of Independent Bank's Earnings per Share (Diluted)

For the Banks - Regional subindustry, Independent Bank's PE Ratio, along with its competitors' market caps and PE Ratio 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 PE Ratio Distribution in the Banks Industry

For the Banks industry and Financial Services sector, Independent Bank's PE Ratio distribution charts can be found below:

* The bar in red indicates where Independent Bank's PE Ratio falls into.



Independent Bank Earnings per Share (Diluted) Calculation

Earnings Per Share (EPS) is the amount of earnings per outstanding share of the company's stock. In calculating earnings per share, the dividends of preferred stocks need to subtracted from the total net income first.

Independent Bank's Earnings Per Share (Diluted) for the fiscal year that ended in Dec. 2023 is calculated as

Diluted Earnings Per Share (A: Dec. 2023 ) = (Net Income - Preferred Dividends) / Shares Outstanding (Diluted Average)
=(239.502-0)/44.194
=5.42

Independent Bank's Earnings Per Share (Diluted) for the quarter that ended in Dec. 2023 is calculated as

Diluted Earnings Per Share (Q: Dec. 2023 )=(Net Income - Preferred Dividends / Shares Outstanding (Diluted Average)
=(54.803-0)/43.476
=1.26

Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $5.18

* 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.

Companies also reported diluted shares in their financial reports. Diluted shares include the shares of convertibles or warrants outstanding.


Independent Bank  (NAS:INDB) Earnings per Share (Diluted) Explanation

Earnings Per Share (EPS) is the single most important variable used by Wall Street in determining the earnings power of a company. But investors need to be aware that Earnings per Share can be easily manipulated by adjusting depreciation and amortization rate or non-recurring items. That's why GuruFocus lists EPS without NRI, which better reflects the company's underlying performance.


Be Aware

Compared with Earnings per share, a company's cash flow is better indicator of the company's earnings power.

If a company's earnings per share is less than cash flow per share over long term, investors need to be cautious and find out why.


Independent Bank Earnings per Share (Diluted) Related Terms

Thank you for viewing the detailed overview of Independent Bank's Earnings per Share (Diluted) provided by GuruFocus.com. Please click on the following links to see related term pages.


Independent Bank (Independent Bank) Business Description

Traded in Other Exchanges
N/A
Address
2036 Washington Street, Hanover, MA, USA, 02339
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.
Executives
John J Morrissey director C/O INDEPENDENT BANK CORP., 288 UNION STREET, ROCKLAND MA 02370
Jeffrey J Tengel director, officer: Chief Executive Officer 1900 EAST NINTH STREET, CLEVELAND OH 44114
Lee C Powlus officer: Chief Tech & Operations Off. 850 MAIN STREET, BRIDGEPORT CT 06604
Patricia M Natale officer: General Counsel
Barry H Jensen officer: Chief Information Officer INDEPENDENT BANK CORP., 288 UNION STREET, ROCKLAND MA 02370
Mark J Ruggiero officer: Principal Accounting Officer C/O INDEPENDENT BANK CORP., 288 UNION STREET, ROCKLAND MA 02370
Scott Smith director 320 NORWOOD PARK SOUTH, NORWOOD MA 02062
Maureen A. Gaffney officer: Principal Accounting Officer C/O INDEPENDENT BANK CORP., 288 UNION STREET, ROCKLAND MA 02370
Christopher Oddleifson director, officer: President and CEO
Eileen C Miskell director C/O INDEPENDENT BANK CORP, 288 UNION STREET, ROCKLAND MA 02370
Edward H Seksay officer: General Counsel C/O INDEPENDENT BANK CORP, 288 UNION STREET, ROCKLAND MA 02370
Robert D Cozzone officer: CFO and Treasurer C/O INDEPENDENT BANK CORP., 288 UNION STREET, ROCKLAND MA 02370
Dawn Mugford officer: Chief Risk Officer C/O INDEPENDENT BANK CORP., 288 UNION STREET, ROCKLAND MA 02370
Donna L Abelli director INDEPENDENT BANK CORP., 288 UNION STREET, ROCKLAND MA 02370
Gerard F Nadeau officer: Executive Vice President C/O INDEPENDENT BANK CORP., 288 UNION STREET, ROCKLAND MA 02370