Peer Analysis

Performance Ratios (%) INDB Peer Median Peer Average
ROAA 1.28 1.02 0.93
ROAE 8.91 11.69 9.59
Net Interest Margin 3.73 2.98 3.20
Efficiency Ratio 53.08 55.20 62.07
Loans / Deposits 87.34 91.52 89.03
Asset Quality Ratios (%)
NPAs / Assets 0.51 0.60 1.02
NCOs / Avg Loans 0.03 0.06 0.06
Reserves / Loans 1.19 1.01 1.08
Reserves / NPAs 170.55 159.56 238.99
Capital Ratios (%)
Tier 1 Capital 12.94 12.89 12.61
Tangible Equity / Tangible Assets 9.12 7.73 8.11
Total Equity / Total Assets 12.84 8.35 8.73
Market Ratios
Price / Earnings (x) 11.43 8.57 8.41
Price / Book (%) 99.77 93.86 88.18
Dividend Yield (%) 3.63 3.30 3.02
Data for trailing four quarters

Independent Bank Corp.'s peer group consists of the following: Camden National Corporation (CAC), Century Bancorp, Inc. (CNBK.A), Enterprise Bancorp, Inc. (EBTC), First Bancorp, Inc. (FNLC), Merchants Bancshares, Inc., Northeast Bank (NBN), Patriot National Bancorp, Inc. (PNBK), Washington Trust Bancorp, Inc. (WASH)

Independent Bank Corp.'s financial data is as of 6/30/2020.

Peer financial data is as of 6/30/2020 except for these companies:

Merchants Bancshares, Inc.'s financial data is as of 3/31/2017.
**Financial data displayed on this page are LTM values for the last four trailing quarters.