Independent Bank Corp. (INDB)

NASDAQ: INDB · Real-Time Price · USD

83.73

-0.25 (-0.30%)

Aug 7, 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	721.42	489.2
Revenue Growth	43.14%	21.20%	-7.68%	-1.88%	47.47%	14.66%
Net Income	271.35	205.12	192.08	239.5	263.81	120.99
Earnings Per Share	5.54	4.44	4.52	5.42	5.69	3.47
EPS Growth	25.06%	-1.77%	-16.61%	-4.75%	63.98%	-4.67%

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	1,001	771.9	219.89	224.33	352.93	2,241
Total Debt	359.76	359.35	62.86	112.84	112.74	112.64
Net Cash (Debt)	641.46	412.56	157.03	111.49	240.19	2,128
Net Cash Growth	18.29%	162.73%	40.84%	-53.58%	-88.71%	84.84%
Net Cash Per Share	13.06	8.93	3.69	2.52	5.18	61.00

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
Pretax Margin	36.92%	33.10%	37.82%	44.52%	48.20%	32.03%
Profit Margin	28.60%	25.90%	29.39%	33.83%	36.57%	24.73%
FCF Margin	32.02%	30.18%	32.06%	36.89%	55.33%	33.73%

Dividends

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Aug '26 Aug 8, 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	3.06%	3.08%	3.53%	3.37%	2.39%	2.21%

Valuation

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Aug '26 Aug 8, 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	15.17	16.46	14.20	12.14	14.84	23.50
Forward PE	10.83	10.48	13.00	13.79	12.73	18.10
P/FCF Ratio	11.75	15.06	13.02	11.05	9.65	23.39
PS Ratio	4.20	4.54	4.17	4.08	5.34	7.89