Independent Bank Corp. (INDB)

NASDAQ: INDB · Real-Time Price · USD

82.72

-0.53 (-0.64%)

At close: Oct 28, 2026, 4:00 PM EDT

83.10

+0.38 (0.46%)

Pre-market: Oct 29, 2026, 4:03 AM EDT

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	Sep '26 Sep 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	998.92	792.05	653.49	707.88	718.36	489.07
Revenue Growth	40.25%	21.20%	-7.68%	-1.46%	46.88%	15.00%
Net Income	326.84	205.12	192.08	239.5	263.81	120.99
Earnings Per Share	6.74	4.44	4.52	5.42	5.69	3.47
EPS Growth	66.62%	-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	Sep '26 Sep 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	659.38	806.27	277.18	280.03	423.11	2,333
Total Debt	627.15	961.08	804.05	1,327	260.04	221.62
Net Cash (Debt)	32.23	-154.82	-526.87	-1,047	163.06	2,111
Net Cash Growth	-70.44%	-	-	-	-92.28%	78.16%
Net Cash Per Share	0.67	-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	Sep '26 Sep 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	-	251.16	229.92	276.99	421.2	190.22
Capital Expenditures	-	-12.14	-20.44	-15.84	-22.07	-25.2
Free Cash Flow	-	239.03	209.49	261.15	399.13	165.02
Free Cash Flow Growth	-	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	Sep '26 Sep 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	32.72%	25.90%	29.39%	33.83%	36.73%	24.74%
FCF Margin	-	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	Oct '26 Oct 29, 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	7.26%	3.51%	3.64%	5.77%	8.33%	4.35%
Dividend Yield	3.10%	3.21%	3.55%	3.27%	2.46%	3.37%

Valuation

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Oct '26 Oct 29, 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	12.26	17.66	14.20	12.05	14.61	22.27
Forward PE	10.23	10.48	13.00	13.79	12.73	18.10
P/FCF Ratio	12.78	15.16	13.02	11.05	9.65	16.33
PS Ratio	3.89	4.57	4.17	4.08	5.36	5.51