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Independent Bank Corp. (INDB)

Profile

Full Name

Independent Bank Corp.

Ticker

NASDAQ: INDB

Exchange

NASDAQ

Sector

Financial Services

Industry

Regional Banks

Country

United States

IPO

May 14, 1986

Indexes

Not included

Website

https://www.rocklandtrust.com

Employees

1837

Key Details

Price

$71.28(+1.70%)

Market cap

$3.56B(Mid cap)

Last Dividend

$0.59

TTM Dividend yield

3.25%

Annual revenue

$978.50M(+6.78% YoY)

Annual EPS

$4.52(-16.61% YoY)

PE ratio

16.09

Next earnings date

Oct 16, 2025

Next ex-dividend date

N/A

Next split date

N/A

Quick Search

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    Analyst ratings

    Price

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    Current Price

    $71.28
    INDB price is $71.28

    30-Day Relative Volume

    1.43
    INDB 30-day relative volume is 1.43

    Price Performance

    Price Most recent change

    +1.7%
    INDB price was up +1.7% on Sep 12, 2025

    Price YTD change

    +11.05%
    INDB price is up +11.05% since January 1st

    Price 1-year change

    +17.24%
    INDB price is up +17.24% year-on-year

    Price 3-year change

    -8.23%
    INDB price is down -8.23% over the past 3 years

    Price Range

    Price All-time high

    $99.85
    INDB price is currently -28.61% below its historical high of $99.85

    Price 3-year low

    $43.28
    INDB price is currently +64.70% above its 3-year low

    Capitalization

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    Market cap

    Market cap

    $3.56B
    INDB market capitalization is $3.56 billion

    Market cap 3-year change

    -0.2%
    INDB market capitalization is down -0.2% over the past 3 years

    Market cap All-time high

    $4.18B
    INDB market capitalization is currently -14.87% below its historical high of $4.18 billion

    Market cap sector rank

    75.8%
    INDB market capitalization is higher than 75.8% of companies in Financial Services sector

    Shares Outstanding

    Shares Outstanding 1-Year Change

    +17.5%
    INDB shares outstanding is up +17.5% year-on-year

    Shares Outstanding 3-Year Change

    +8.75%
    INDB shares outstanding is up +8.75% over the past 3 years

    Technical Indicators

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    Beta

    1.12
    INDB beta is 1.12

    200-day SMA

    $65.14
    INDB price is currently +9.42% above its 200-day simple moving average

    50-day SMA

    $67.44
    INDB price is currently +5.69% above its 50-day simple moving average

    RSI

    59.57
    INDB 14-day relative strength index is 59.57

    Volume

    1.43
    INDB 30-day relative volume is 1.43

    ATR

    $1.87
    INDB average true range is $1.87

    10-day Historical Volatility

    20.37%
    INDB 10-day historical volatility is 20.37%

    Dividend

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    Events

    Last Paid Dividend

    $0.59
    INDB last dividend was $0.59 per share, with an ex-dividend date of June 30, 2025

    Next Dividend

    -
    INDB next dividend has not yet been announced

    Dividend per share

    Dividend per share

    $2.28
    INDB annual dividend per share is $2.28

    Dividend per share Sector Rank

    88.55%
    INDB annual dividend per share is higher than 88.55% of companies in Financial Services sector

    Dividend per share 1-Year Change

    +3.64%
    INDB annual dividend per share is up +3.64% year-on-year

    Dividend per share 3-Year Change

    +18.75%
    INDB annual dividend per share is up +18.75% over the past 3 years

    Dividend yield

    Dividend yield

    3.20%
    INDB annual dividend yield is 3.20%

    Dividend yield Sector Rank

    36.73%
    INDB annual dividend yield is higher than 36.73% of companies in Financial Services sector

    Other

    Payout ratio

    -50.08%
    INDB annual payout ratio is -50.08%

    Dividends paid

    -$96.20M
    INDB annual dividends paid is -$96.20 million

    Free cash flow

    $208.63M
    INDB annual free cash flow is $208.63 million

    Income Statement

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    Revenue

    Revenue

    $978.50M
    INDB annual revenue is $978.50 million

    Revenue Analysts estimate

    $854.25M
    INDB annual revenue is currently +14.55% higher than the consensus analysts' forecast

    Revenue 1-year change

    +6.78%
    INDB annual revenue is up +6.78% year-on-year

    Revenue Sector rank

    78.38%
    INDB annual revenue is higher than 78.38% of companies in Financial Services sector

    EPS

    EPS

    $4.52
    INDB annual earnings per share is $4.52

    EPS Analysts estimate

    $5.48
    INDB annual earnings per share is currently -17.52% lower than the consensus analysts' forecast

    EPS 1-year change

    -16.61%
    INDB annual earnings per share is down -16.61% year-on-year

    EPS Sector rank

    84.82%
    INDB annual earnings per share is higher than 84.82% of companies in Financial Services sector

    Profit

    Gross profit

    $0.00
    INDB annual gross profit is $0.00

    Gross margin

    0.00%
    INDB annual gross profit margin is 0.00%

    Operating profit

    $249.07M
    INDB annual operating income is $249.07 million

    Operating margin

    25.45%
    INDB annual operating profit margin is 25.45%

    Net income

    $192.08M
    INDB annual net profit is $192.08 million

    Net margin

    19.63%
    INDB annual net profit margin is 19.63%

    Expenses

    Total expenses

    $786.41M
    INDB annual total expenses is $786.41 million

    Operating expenses

    -$249.07M
    INDB annual total operating expenses is -$249.07 million

    Cost of goods sold

    -
    INDB annual cost of goods sold value is unknown

    Selling, general & administrative expenses

    $0.00
    INDB annual SGA is $0.00

    Depreciation and amortization

    $40.89M
    INDB annual depreciation & amortization is $40.89 million

    Interest expense

    $291.02M
    INDB annual interest expense is $291.02 million

    Income tax

    $55.05M
    INDB annual income tax is $55.05 million

    EBIT & EBITDA

    EBIT

    $538.15M
    INDB annual earnings before interest & taxes is $538.15 million

    EBITDA

    $579.04M
    INDB annual EBITDA is $579.04 million

    Balance Sheet

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    Assets

    Total assets

    $19.37B
    INDB annual total assets is $19.37 billion

    Non current assets

    $18.82B
    INDB annual long term assets is $18.82 billion

    Current assets

    $236.80M
    INDB annual total current assets is $236.80 million

    Cash and cash equivalents

    $187.85M
    INDB annual cash & cash equivalents is $187.85 million

    Accounts receivable

    -
    INDB annual accounts receivable value is unknown

    Inventory

    -
    INDB annual inventory value is unknown

    Liabilities

    Total liabilities

    $16.38B
    INDB annual total liabilities is $16.38 billion

    Long term liabilities

    $5.70B
    INDB annual total long term liabilities is $5.70 billion

    Current liabilities

    $10.68B
    INDB annual total current liabilities is $10.68 billion

    Accounts payable

    -
    INDB annual accounts payable value is unknown

    Debt

    Total debt

    $757.90M
    INDB annual total debt is $757.90 million

    Total debt 1-year change

    -40.54%
    INDB annual total debt is down -40.54% year-on-year

    Long term debt

    $106.01M
    INDB annual long term debt is $106.01 million

    Short term debt

    $651.90M
    INDB annual short term debt is $651.90 million

    Equity & Capital

    Shareholders equity

    $2.99B
    INDB annual stockholders equity is $2.99 billion

    Book value

    $2.99B
    INDB annual book value is $2.99 billion

    Retained earnings

    $1.17B
    INDB annual retained earnings is $1.17 billion

    Working capital

    -$10.45B
    INDB annual working capital is -$10.45 billion

    Cash Flow Statement

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    Cashflow Activities

    Cash from operations

    $229.18M
    INDB annual cash flow from operations is $229.18 million

    Cash from operations 1-year change

    -17.59%
    INDB annual cash flow from operations is down -17.59% year-on-year

    Cash from investing

    -$32.27M
    INDB annual cash flow from investing activities is -$32.27 million

    Cash from investing 1-year change

    +84.83%
    INDB annual cash flow from investing activities is up +84.83% year-on-year

    Cash from financing

    -$201.35M
    INDB annual cash flow from financing activities is -$201.35 million

    Cash from financing 1-year change

    -3.82%
    INDB annual cash flow from financing activities is down -3.82% year-on-year

    CAPEX

    CAPEX

    $20.55M
    INDB annual capital expenditures is $20.55 million

    CAPEX 1-year change

    +28.38%
    INDB annual capital expenditures is up +28.38% year-on-year

    Free Cash Flow

    Free cash flow

    $208.63M
    INDB annual free cash flow is $208.63 million

    Free cash flow 1-year change

    -20.4%
    INDB annual free cash flow is down -20.4% year-on-year

    Profitability Ratios

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    Margins

    Gross margin

    0.00%
    INDB annual gross profit margin is 0.00%

    Operating margin

    25.45%
    INDB annual operating profit margin is 25.45%

    Net margin

    19.63%
    INDB annual net profit margin is 19.63%

    ROA & ROE

    ROA

    0.99%
    INDB annual return on assets is 0.99%

    ROE

    6.52%
    INDB annual return on equity is 6.52%

    Valuation

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    PE Ratio

    PE ratio

    16.09
    INDB price to earnings ratio is 16.09

    PE ratio Sector rank

    57.47%
    INDB price to earnings ratio is higher than 57.47% of companies in Financial Services sector

    PB Ratio

    PB ratio

    1.16
    INDB price to book ratio is 1.16

    PB ratio Sector rank

    41.99%
    INDB price to book ratio is higher than 41.99% of companies in Financial Services sector

    PS Ratio

    PS ratio

    3.59
    INDB price to sales ratio is 3.59

    PS ratio Sector rank

    76.27%
    INDB price to sales ratio is higher than 76.27% of companies in Financial Services sector

    Enterprise value

    Enterprise value

    $4.10B
    INDB enterprise value is $4.10 billion

    Enterprise value Sector rank

    74.68%
    INDB enterprise value is higher than 74.68% of companies in Financial Services sector

    EV/EBITDA

    EV/EBITDA

    -
    INDB EV/EBITDA value is unknown

    EV/EBITDA Sector rank

    -
    INDB EV/EBITDA is unknown

    Financial Health

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    Liquidity

    Current ratio

    0.02
    INDB annual current ratio is 0.02

    Quick ratio

    -
    INDB annual quick ratio value is unknown

    Leverage

    Debt to equity

    0.25
    INDB annual debt to equity ratio is 0.25

    Interest coverage ratio

    1.85
    INDB annual interest coverage ratio is 1.85

    Risk & Stability

    Piotroski F-Score

    5
    INDB piotroski f-score is 5

    Altman Z-Score

    -0.29
    INDB altman z-score is -0.29

    Analyst ratings

    Recent major analysts updates

    Apr 21, 25 Piper Sandler
    Neutral
    Apr 21, 25 Keefe, Bruyette & Woods
    Market Perform
    Jan 21, 25 Raymond James
    Strong Buy
    Jan 21, 25 Keefe, Bruyette & Woods
    Market Perform
    Dec 12, 24 Keefe, Bruyette & Woods
    Market Perform
    Dec 4, 24 Keefe, Bruyette & Woods
    Market Perform
    Oct 21, 24 Raymond James
    Strong Buy
    Oct 21, 24 Keefe, Bruyette & Woods
    Market Perform
    Jul 22, 24 Seaport Global
    Buy
    Apr 22, 24 Keefe, Bruyette & Woods
    Market Perform

    Institutional Ownership

    Screeners with INDB included

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    • What is the ticker symbol for Independent Bank Corp.?
    • Does Independent Bank Corp. pay dividends?
    • What sector is Independent Bank Corp. in?
    • What industry is Independent Bank Corp. in?
    • What country is Independent Bank Corp. based in?
    • When did Independent Bank Corp. go public?
    • Is Independent Bank Corp. in the S&P 500?
    • Is Independent Bank Corp. in the NASDAQ 100?
    • Is Independent Bank Corp. in the Dow Jones?
    • When was Independent Bank Corp.'s last earnings report?
    • When does Independent Bank Corp. report earnings?

    What is the ticker symbol for Independent Bank Corp.?

    The ticker symbol for Independent Bank Corp. is NASDAQ:INDB

    Does Independent Bank Corp. pay dividends?

    Yes, Independent Bank Corp. pays dividends. The last payment was $0.59, with an ex-dividend date on June 30, 2025

    What sector is Independent Bank Corp. in?

    Independent Bank Corp. is in the Financial Services sector

    What industry is Independent Bank Corp. in?

    Independent Bank Corp. is in the Regional Banks industry

    What country is Independent Bank Corp. based in?

    Independent Bank Corp. is headquartered in United States

    When did Independent Bank Corp. go public?

    Independent Bank Corp.'s initial public offering (IPO) was on May 14, 1986

    Is Independent Bank Corp. in the S&P 500?

    No, Independent Bank Corp. is not included in the S&P 500 index

    Is Independent Bank Corp. in the NASDAQ 100?

    No, Independent Bank Corp. is not included in the NASDAQ 100 index

    Is Independent Bank Corp. in the Dow Jones?

    No, Independent Bank Corp. is not included in the Dow Jones index

    When was Independent Bank Corp.'s last earnings report?

    Independent Bank Corp.'s most recent earnings report was on July 17, 2025

    When does Independent Bank Corp. report earnings?

    The next expected earnings date for Independent Bank Corp. is October 16, 2025
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