Peer Analysis

Performance Ratios (%) INDB Peer Median Peer Average
ROAA 1.52 1.16 1.05
ROAE 12.65 12.87 11.70
Net Interest Margin 4.01 3.07 3.31
Efficiency Ratio 53.96 58.24 60.10
Loans / Deposits 93.48 90.56 89.31
Asset Quality Ratios (%)
NPAs / Assets 0.73 0.69 1.25
NCOs / Avg Loans 0.02 0.02 0.02
Reserves / Loans 0.93 0.89 0.95
Reserves / NPAs 98.70 125.84 127.46
Capital Ratios (%)
Tier 1 Capital 13.11 13.03 12.50
Tangible Equity / Tangible Assets 9.56 8.02 8.28
Total Equity / Total Assets 12.28 8.89 9.00
Market Ratios
Price / Earnings (x) 15.63 12.42 13.43
Price / Book (%) 185.20 137.32 137.36
Dividend Yield (%) 2.42 2.17 2.06
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 3/31/2019.

Peer financial data is as of 3/31/2019 except for these companies:

Century Bancorp, Inc.'s financial data is as of 6/30/2019.
Merchants Bancshares, Inc.'s financial data is as of 3/31/2017.
First Bancorp, Inc.'s financial data is as of 6/30/2019.
**Financial data displayed on this page are LTM values for the last four trailing quarters.