Independent Bank Statistics
Total Valuation
INDB has a market cap or net worth of $3.66 billion. The enterprise value is $3.81 billion.
Important Dates
The next estimated earnings date is Thursday, April 16, 2026, after market close.
| Earnings Date | Apr 16, 2026 |
| Ex-Dividend Date | Mar 30, 2026 |
Share Statistics
INDB has 48.99 million shares outstanding. The number of shares has increased by 8.66% in one year.
| Current Share Class | 48.99M |
| Shares Outstanding | 48.99M |
| Shares Change (YoY) | +8.66% |
| Shares Change (QoQ) | -0.96% |
| Owned by Insiders (%) | 1.20% |
| Owned by Institutions (%) | 87.35% |
| Float | 48.39M |
Valuation Ratios
The trailing PE ratio is 16.82 and the forward PE ratio is 10.26.
| PE Ratio | 16.82 |
| Forward PE | 10.26 |
| PS Ratio | 4.62 |
| Forward PS | 3.48 |
| PB Ratio | 1.03 |
| P/TBV Ratio | 1.56 |
| P/FCF Ratio | 15.31 |
| P/OCF Ratio | 14.57 |
| PEG Ratio | n/a |
Financial Ratio HistoryEnterprise Valuation
| EV / Earnings | 18.59 |
| EV / Sales | 4.82 |
| EV / EBITDA | n/a |
| EV / EBIT | n/a |
| EV / FCF | 15.96 |
Financial Position
| Current Ratio | n/a |
| Quick Ratio | n/a |
| Debt / Equity | n/a |
| Debt / EBITDA | n/a |
| Debt / FCF | 4.02 |
| Interest Coverage | n/a |
Financial Efficiency
Return on equity (ROE) is 6.25%.
| Return on Equity (ROE) | 6.25% |
| Return on Assets (ROA) | 0.93% |
| Return on Invested Capital (ROIC) | n/a |
| Return on Capital Employed (ROCE) | n/a |
| Weighted Average Cost of Capital (WACC) | 6.92% |
| Revenue Per Employee | $345,271 |
| Profits Per Employee | $89,417 |
| Employee Count | 2,294 |
| Asset Turnover | n/a |
| Inventory Turnover | n/a |
Taxes
In the past 12 months, INDB has paid $57.05 million in taxes.
| Income Tax | 57.05M |
| Effective Tax Rate | 21.76% |
Stock Price Statistics
The stock price has increased by +16.65% in the last 52 weeks. The beta is 0.82, so INDB's price volatility has been lower than the market average.
| Beta (5Y) | 0.82 |
| 52-Week Price Change | +16.65% |
| 50-Day Moving Average | 79.23 |
| 200-Day Moving Average | 71.45 |
| Relative Strength Index (RSI) | 36.05 |
| Average Volume (20 Days) | 339,846 |
Short Selling Information
The latest short interest is 1.69 million, so 3.45% of the outstanding shares have been sold short.
| Short Interest | 1.69M |
| Short Previous Month | 1.83M |
| Short % of Shares Out | 3.45% |
| Short % of Float | 3.49% |
| Short Ratio (days to cover) | 5.10 |
Income Statement
In the last 12 months, INDB had revenue of $792.05 million and earned $205.12 million in profits. Earnings per share was $4.44.
| Revenue | 792.05M |
| Gross Profit | 792.05M |
| Operating Income | 331.22M |
| Pretax Income | 262.17M |
| Net Income | 205.12M |
| EBITDA | n/a |
| EBIT | n/a |
| Earnings Per Share (EPS) | $4.44 |
Full Income StatementBalance Sheet
The company has $806.27 million in cash and $961.08 million in debt, with a net cash position of -$154.82 million or -$3.16 per share.
| Cash & Cash Equivalents | 806.27M |
| Total Debt | 961.08M |
| Net Cash | -154.82M |
| Net Cash Per Share | -$3.16 |
| Equity (Book Value) | 3.57B |
| Book Value Per Share | 72.41 |
| Working Capital | -19.79B |
Full Balance SheetCash Flow
In the last 12 months, operating cash flow was $251.16 million and capital expenditures -$12.14 million, giving a free cash flow of $239.03 million.
| Operating Cash Flow | 251.16M |
| Capital Expenditures | -12.14M |
| Depreciation & Amortization | n/a |
| Net Borrowing | 1.41M |
| Free Cash Flow | 239.03M |
| FCF Per Share | $4.88 |
Full Cash Flow StatementMargins
| Gross Margin | n/a |
| Operating Margin | 41.82% |
| Pretax Margin | 33.10% |
| Profit Margin | 25.90% |
| EBITDA Margin | n/a |
| EBIT Margin | n/a |
| FCF Margin | 30.18% |
Dividends & Yields
This stock pays an annual dividend of $2.36, which amounts to a dividend yield of 3.16%.
| Dividend Per Share | $2.36 |
| Dividend Yield | 3.16% |
| Dividend Growth (YoY) | 3.51% |
| Years of Dividend Growth | 15 |
| Payout Ratio | 53.15% |
| Buyback Yield | -8.66% |
| Shareholder Yield | -5.50% |
| Earnings Yield | 5.61% |
| FCF Yield | 6.53% |
Dividend DetailsAnalyst Forecast
The average price target for INDB is $76.40, which is 2.28% higher than the current price. The consensus rating is "Hold".
| Price Target | $76.40 |
| Price Target Difference | 2.28% |
| Analyst Consensus | Hold |
| Analyst Count | 5 |
| Revenue Growth Forecast (5Y) | n/a |
| EPS Growth Forecast (5Y) | n/a |
Stock ForecastsFair 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 | 4 |
