Independent Bank Corp. (INDB)

NASDAQ: INDB · Real-Time Price · USD

85.34

-0.70 (-0.81%)

Aug 18, 2026, 4:00 PM EDT - Market closed

Independent Bank Financials Overview

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Revenue & Profits

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	948.69	792.05	653.49	707.88	718.36	489.07
Revenue Growth	43.14%	21.20%	-7.68%	-1.46%	46.88%	15.00%
Net Income	271.35	205.12	192.08	239.5	263.81	120.99
Earnings Per Share	5.52	4.44	4.52	5.42	5.69	3.47
EPS Growth	24.57%	-1.76%	-16.61%	-4.73%	63.97%	-4.68%

Cash & Debt

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Cash & Investments	1,033	806.27	277.18	280.03	423.11	2,333
Total Debt	758.44	961.08	804.05	1,327	260.04	221.62
Net Cash (Debt)	274.07	-154.82	-526.87	-1,047	163.06	2,111
Net Cash Growth	145.59%	-	-	-	-92.28%	78.16%
Net Cash Per Share	5.58	-3.35	-12.39	-23.69	3.52	60.51

Cash Flow & CapEx

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Operating Cash Flow	321.72	251.16	229.92	276.99	421.2	190.22
Capital Expenditures	-17.92	-12.14	-20.44	-15.84	-22.07	-25.2
Free Cash Flow	303.8	239.03	209.49	261.15	399.13	165.02
Free Cash Flow Growth	41.50%	14.10%	-19.78%	-34.57%	141.87%	217.04%

Margins

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Profit Margin	28.60%	25.90%	29.39%	33.83%	36.73%	24.74%
FCF Margin	32.02%	30.18%	32.06%	36.89%	55.56%	33.74%

Dividends

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Aug '26 Aug 19, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Dividend Per Share	2.560	2.360	2.280	2.200	2.080	1.920
Dividend Per Share Growth	6.03%	3.51%	3.64%	5.77%	8.33%	4.35%
Dividend Yield	3.00%	3.28%	3.74%	3.67%	2.81%	2.76%

Valuation

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Aug '26 Aug 19, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
PE Ratio	15.46	17.66	14.20	12.05	14.61	22.27
Forward PE	11.03	10.48	13.00	13.79	12.73	18.10
P/FCF Ratio	13.31	15.16	13.02	11.05	9.65	16.33
PS Ratio	4.26	4.57	4.17	4.08	5.36	5.51