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INDB (Independent Bank) Pretax Margin % : 32.46% (As of Mar. 2025)


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What is Independent Bank Pretax Margin %?

Pre-Tax margin is calculated as Pre-Tax Income divided by its Revenue. Independent Bank's Pre-Tax Income for the three months ended in Mar. 2025 was $57.2 Mil. Independent Bank's Revenue for the three months ended in Mar. 2025 was $176.1 Mil. Therefore, Independent Bank's pretax margin for the quarter that ended in Mar. 2025 was 32.46%.

The historical rank and industry rank for Independent Bank's Pretax Margin % or its related term are showing as below:

INDB' s Pretax Margin % Range Over the Past 10 Years
Min: 31.19   Med: 38.12   Max: 48.28
Current: 34.83


INDB's Pretax Margin % is ranked better than
55.36% of 1586 companies
in the Banks industry
Industry Median: 32.69 vs INDB: 34.83

Independent Bank Pretax Margin % Historical Data

The historical data trend for Independent Bank's Pretax Margin % 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 Pretax Margin % Chart

Independent Bank Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Pretax Margin %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 32.31 31.19 48.28 43.64 36.18

Independent Bank Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
Pretax Margin % 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 37.90 39.37 31.67 35.98 32.46

Competitive Comparison of Independent Bank's Pretax Margin %

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

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

* The bar in red indicates where Independent Bank's Pretax Margin % falls into.


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Independent Bank Pretax Margin % Calculation

Pretax margin - also known as pretax profit margin is the ratio of Pretax Income divided by net sales or Revenue, usually presented in percent.

Independent Bank's Pretax Margin for the fiscal year that ended in Dec. 2024 is calculated as

Pretax Margin=Pre-Tax Income (A: Dec. 2024 )/Revenue (A: Dec. 2024 )
=247.127/683.113
=36.18 %

Independent Bank's Pretax Margin for the quarter that ended in Mar. 2025 is calculated as

Pretax Margin=Pre-Tax Income (Q: Mar. 2025 )/Revenue (Q: Mar. 2025 )
=57.166/176.109
=32.46 %

* 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.


Independent Bank  (NAS:INDB) Pretax Margin % Explanation

The pretax margin, as know as pretax profit margin, is widely used to measure the operating efficiency of a company before deducting taxes.

The pretax margin is sometimes preferred over the net margin as tax expenditures can make profitability comparisons between companies misleading.

It is a useful tool to compare companies operating in the same sector and less effective when comparing companies from other sectors as each industry generally has different operating expenses and sales patterns.

The long term trend of the pretax margin is a good indicator of the competitiveness and health of the business.


Independent Bank Pretax Margin % Related Terms

Thank you for viewing the detailed overview of Independent Bank's Pretax Margin % provided by GuruFocus.com. Please click on the following links to see related term pages.


Independent Bank Business Description

Traded in Other Exchanges
N/A
Address
2036 Washington Street, Hanover, MA, USA, 02339
Independent Bank Corp 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 provides a variety of banking, investment and financial services, operating with various retail branches, as well as a network of commercial and residential lending centers and investment management offices majorly in Eastern Massachusetts, Worcester County, and Rhode Island. 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, majority 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
Donna L Abelli director INDEPENDENT BANK CORP., 288 UNION STREET, ROCKLAND MA 02370
Eileen C Miskell director C/O INDEPENDENT BANK CORP, 288 UNION STREET, ROCKLAND MA 02370
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
Edward H Seksay officer: General Counsel 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
Robert D Cozzone officer: CFO and Treasurer C/O 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