INDB logo
INDB NASDAQ US

Independent Bank Corp. - Common Stock

Financials · Banking Website · IPO Sep 1974
$76.78
▲ +$0.57 (+0.75%)
Vol 248K
11
Quality Score
ok
Deep Check
2/5 ok
Mkt Cap
$3.6B
P/E
20.1
ROE
5.7%
Margin
34.7%
D/E
10.13
Beta
0.84
Div Yield
3.23%
52W
$52–$78

Wall Street Consensus

11 analysts · Apr 2026
3
Strong Buy
5
Buy
2
Hold
1
Sell
0
Strong Sell
72.7%
Buy Rating

Price Chart

Earnings

Beat rate: 50.0%
Quarter EPS Est EPS Act Surprise
Dec 2025 $1.69 $1.70 +$0.01
Sep 2025 $1.57 $1.55 $-0.02
Jun 2025 $1.23 $1.25 +$0.02
Mar 2025 $1.18 $1.06 $-0.12

Quarterly Revenue & Earnings

Quarter 2024-0… 2024-1… 2025-0… 2025-0… 2025-0… 2025-1…
Revenue $174.9M $176.1M $179.8M $243.7M $245.4M
Net Income $50.0M $44.4M $51.1M $34.3M $75.3M

Fundamentals Trend

Metric 2025-06-30 2025-09-02 2025-10-02 2025-11-03 2025-12-03 2026-01-02
ROE (TTM) 6.2% 6.2% 6.2% 5.7% 5.7% 5.7%
P/E (TTM) 14.22 17.63 18.16 18.65 20.22 20.12
Net Margin 34.7% 34.7% 34.7% 34.7% 34.7%
Gross Margin
D/E Ratio 11.67 11.67 11.67 10.13 10.13 10.13
Current Ratio

Key Ratios

ROA (TTM)
0.9%
P/S (TTM)
3.24
P/B
0.9
EPS (TTM)
$4.10
CF/Share
$6.67
Rev Growth 3Y
+12.9%
52W High
$78.17
52W Low
$52.15
$52.15 52-Week Range $78.17

Financial Health

Free Cash Flow
$75.5M
Net Debt
$53.9M
Cash
$771.9M
Total Debt
$825.8M
As of Dec 31, 2025

How does INDB compare to Banking peers?

Peer group: Mid-cap Banking ($2B+) · 74 companies

INDB valuation vs Banking peers

P/E ratio
20.1
60% above peers (12.6)
vs Peers
vs Industry
Overvalued
P/S ratio
3.2
37% above peers (2.4)
vs Peers
vs Industry
Overvalued
P/B ratio
0.9
23% below peers (1.2)
vs Peers
vs Industry
Undervalued
Div yield
3.2%
12% below peers (3.7%)
vs Peers
vs Industry
In line

INDB profitability vs Banking peers

ROE
5.7%
43% below peers (9.9%)
vs Peers
vs Industry
Weak
Net margin
34.7%
12% above peers (30.9%)
vs Peers
vs Industry
Top tier
Gross margin
vs Peers
vs Industry
Weak
ROA
0.9%
21% below peers (1.1%)
vs Peers
vs Industry
Weak

INDB financial health vs Banking peers

D/E ratio
10.1
36% below peers (15.7)
vs Peers
vs Industry
Low debt
Current ratio
vs Peers
vs Industry
Low liquidity
Beta
0.8
3% below peers (0.9)
vs Peers
vs Industry
Less volatile

INDB fundamentals radar

INDB Peer median Industry

INDB profitability vs leverage

Bubble size = market cap · X = net margin · Y = D/E ratio

INDB vs peers: key metrics

Insider Activity

Neutral
Buys
0
Sells
0
RUGGIERO MARK J
Chief Financial Officer · Mar 12
1706 shs
HARRIS MARIA S
Officer · Mar 12
784 shs
RIZZO JAMES T.
Officer · Mar 12
738 shs
O'MALLEY KATHRYN
Officer · Mar 12
692 shs
TENGEL JEFFREY J
Chief Executive Officer · Mar 12
4656 shs
NADEAU GERARD F
Director · Mar 12
1337 shs
POWLUS LEE C
Officer · Feb 27
504 shs
RUGGIERO MARK J
Officer · Feb 27
1049 shs
POWLUS LEE C
Officer · Feb 19
2350 shs
RUGGIERO MARK J
Officer · Feb 19
3300 shs
Last 90 days

Top Holders

Top 5: 40.01%
Blackrock Inc.
14.62%
$526.4M
Vanguard Group Inc
11.99%
$431.8M
Dimensional Fund Advisors LP
5.24%
$188.8M
State Street Corporation
5.02%
$180.7M
Alliancebernstein L.P.
3.14%
$113.1M
As of Dec 31, 2025

Dividends

$2.36
/ year
Dec 29, 2025 $0.5900
Sep 29, 2025 $0.5900
Jun 30, 2025 $0.5900
Mar 31, 2025 $0.5900
Dec 30, 2024 $0.5700
Sep 30, 2024 $0.5700
Jul 01, 2024 $0.5700
Mar 28, 2024 $0.5700

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