Independent Bank Corp. (INDB)

Independent Bank Statistics

Total Valuation

INDB has a market cap or net worth of $3.34 billion. The enterprise value is $3.20 billion.

Market Cap	3.34B
Enterprise Value	3.20B

Important Dates

The last earnings date was Thursday, October 16, 2025, after market close.

Earnings Date	Oct 16, 2025
Ex-Dividend Date	Sep 29, 2025

Share Statistics

INDB has 49.79 million shares outstanding. The number of shares has increased by 3.95% in one year.

Current Share Class	49.79M
Shares Outstanding	49.79M
Shares Change (YoY)	+3.95%
Shares Change (QoQ)	+17.16%
Owned by Insiders (%)	1.78%
Owned by Institutions (%)	77.82%
Float	48.79M

Valuation Ratios

The trailing PE ratio is 16.56 and the forward PE ratio is 9.54.

PE Ratio	16.56
Forward PE	9.54
PS Ratio	4.18
Forward PS	3.22
PB Ratio	0.94
P/TBV Ratio	1.44
P/FCF Ratio	n/a
P/OCF Ratio	n/a
PEG Ratio	n/a

Enterprise Valuation

EV / Earnings	17.81
EV / Sales	4.50
EV / EBITDA	n/a
EV / EBIT	n/a
EV / FCF	n/a

Financial Position

Current Ratio	n/a
Quick Ratio	n/a
Debt / Equity	n/a
Debt / EBITDA	n/a
Debt / FCF	n/a
Interest Coverage	n/a

Financial Efficiency

Return on equity (ROE) is 5.51%.

Return on Equity (ROE)	5.51%
Return on Assets (ROA)	0.81%
Return on Invested Capital (ROIC)	n/a
Return on Capital Employed (ROCE)	n/a
Revenue Per Employee	$387,710
Profits Per Employee	$97,888
Employee Count	1,837
Asset Turnover	n/a
Inventory Turnover	n/a

Taxes

In the past 12 months, INDB has paid $50.47 million in taxes.

Income Tax	50.47M
Effective Tax Rate	21.92%

Stock Price Statistics

The stock price has increased by +5.26% in the last 52 weeks. The beta is 0.86, so INDB's price volatility has been lower than the market average.

Beta (5Y)	0.86
52-Week Price Change	+5.26%
50-Day Moving Average	69.58
200-Day Moving Average	65.30
Relative Strength Index (RSI)	44.93
Average Volume (20 Days)	301,507

Short Selling Information

Short Interest	n/a
Short Previous Month	n/a
Short % of Shares Out	n/a
Short % of Float	n/a
Short Ratio (days to cover)	n/a

Income Statement

In the last 12 months, INDB had revenue of $712.22 million and earned $179.82 million in profits. Earnings per share was $4.05.

Revenue	712.22M
Gross Profit	712.22M
Operating Income	281.78M
Pretax Income	230.29M
Net Income	179.82M
EBITDA	n/a
EBIT	n/a
Earnings Per Share (EPS)	$4.05

Balance Sheet

The company has $910.80 million in cash and $775.38 million in debt, giving a net cash position of $135.42 million or $2.72 per share.

Cash & Cash Equivalents	910.80M
Total Debt	775.38M
Net Cash	135.42M
Net Cash Per Share	$2.72
Equity (Book Value)	3.55B
Book Value Per Share	71.24
Working Capital	-19.36B

Cash Flow

Operating Cash Flow	n/a
Capital Expenditures	n/a
Free Cash Flow	n/a
FCF Per Share	n/a

Margins

Gross Margin	n/a
Operating Margin	39.56%
Pretax Margin	32.33%
Profit Margin	25.25%
EBITDA Margin	n/a
EBIT Margin	n/a
FCF Margin	n/a

Dividends & Yields

This stock pays an annual dividend of $2.36, which amounts to a dividend yield of 3.46%.

Dividend Per Share	$2.36
Dividend Yield	3.46%
Dividend Growth (YoY)	3.54%
Years of Dividend Growth	14
Payout Ratio	57.80%
Buyback Yield	-3.95%
Shareholder Yield	-0.43%
Earnings Yield	5.39%
FCF Yield	n/a

Analyst Forecast

The average price target for INDB is $74.00, which is 10.38% higher than the current price. The consensus rating is "Buy".

Price Target	$74.00
Price Target Difference	10.38%
Analyst Consensus	Buy
Analyst Count	4
Revenue Growth Forecast (5Y)	n/a
EPS Growth Forecast (5Y)	n/a

Fair Value

There are several formulas that can be used to estimate the intrinsic value of a stock.

Lynch Fair Value
Lynch Upside
Graham Number
Graham Upside

Stock Splits

This stock does not have any record of stock splits.

Last Split Date	n/a
Split Type	n/a
Split Ratio	n/a

Scores

Altman Z-Score	n/a
Piotroski F-Score	2