Investing in Independent Bank Corp. (INDB)  ➔  Intrinsic value

Prev. close$73.92 
ModelValueUpside
Chepakovich$16.11-78%
Graham-Dodd$63.22-14%
Graham$64.69-12%
Previous Close$73.92  
Valuation MethodValuePotential 
Chepakovich Model$16.11-78%recalculate
Graham-Dodd$63.22-14%recalculate
Graham Formula$64.69-12%recalculate

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Company description

Independent Bank Corp. operates as the bank holding company for Rockland Trust Company that provides commercial banking products and services to individuals and small-to-medium sized businesses primarily in Massachusetts. Its products and services include demand deposits and time certificates of deposit, as well as checking, money market, and savings accounts. The company's loan portfolio includes commercial loans, such as commercial and industrial, asset-based, commercial real estate, commercial construction, and small business loans; consumer real estate loans, including residential mortgages and home equity loans, and loans for the construction of residential properties; and personal loans. It also provides investment management and trust services to individuals, institutions, small businesses, and charitable institutions; Internet and mobile banking services, as well as automated teller machine (ATM) cards and debit cards; and mutual fund shares, unit investment trust shares, general securities, fixed and variable annuities, and life insurance products. It operates through a network of 95 full service and 2 limited service retail branches, 15 commercial banking centers, 9 investment management offices, and 7 mortgage lending centers in Eastern Massachusetts, Greater Boston, the South Shore, and the Cape and Islands, as well as in Worcester County and Rhode Island. The company was founded in 1907 and is headquartered in Rockland, Massachusetts.