Independent Bank Corp. (INDB)

Independent Bank Statistics

Total Valuation

INDB has a market cap or net worth of $4.23 billion. The enterprise value is $4.29 billion.

Market Cap	4.23B
Enterprise Value	4.29B

Important Dates

The last earnings date was Thursday, January 22, 2026, after market close.

Earnings Date	Jan 22, 2026
Ex-Dividend Date	Dec 29, 2025

Share Statistics

INDB has 49.24 million shares outstanding. The number of shares has increased by 8.66% in one year.

Current Share Class	49.24M
Shares Outstanding	49.24M
Shares Change (YoY)	+8.66%
Shares Change (QoQ)	-0.96%
Owned by Insiders (%)	1.38%
Owned by Institutions (%)	86.92%
Float	48.44M

Valuation Ratios

The trailing PE ratio is 19.37 and the forward PE ratio is 11.81.

PE Ratio	19.37
Forward PE	11.81
PS Ratio	5.01
Forward PS	4.03
PB Ratio	1.19
P/TBV Ratio	1.81
P/FCF Ratio	n/a
P/OCF Ratio	n/a
PEG Ratio	n/a

Enterprise Valuation

EV / Earnings	20.91
EV / Sales	5.42
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 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)	7.23%
Revenue Per Employee	$431,165
Profits Per Employee	$111,661
Employee Count	1,837
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 +24.58% in the last 52 weeks. The beta is 0.80, so INDB's price volatility has been lower than the market average.

Beta (5Y)	0.80
52-Week Price Change	+24.58%
50-Day Moving Average	76.74
200-Day Moving Average	68.90
Relative Strength Index (RSI)	75.95
Average Volume (20 Days)	367,696

Short Selling Information

The latest short interest is 1.62 million, so 3.30% of the outstanding shares have been sold short.

Short Interest	1.62M
Short Previous Month	1.82M
Short % of Shares Out	3.30%
Short % of Float	3.35%
Short Ratio (days to cover)	4.81

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

Balance Sheet

The company has $771.90 million in cash and $825.85 million in debt, with a net cash position of -$53.95 million or -$1.10 per share.

Cash & Cash Equivalents	771.90M
Total Debt	825.85M
Net Cash	-53.95M
Net Cash Per Share	-$1.10
Equity (Book Value)	3.57B
Book Value Per Share	72.41
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	41.82%
Pretax Margin	33.10%
Profit Margin	25.90%
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 2.74%.

Dividend Per Share	$2.36
Dividend Yield	2.74%
Dividend Growth (YoY)	3.51%
Years of Dividend Growth	15
Payout Ratio	53.15%
Buyback Yield	-8.66%
Shareholder Yield	-5.91%
Earnings Yield	4.84%
FCF Yield	n/a

Analyst Forecast

The average price target for INDB is $74.50, which is -13.37% lower than the current price. The consensus rating is "Hold".

Price Target	$74.50
Price Target Difference	-13.37%
Analyst Consensus	Hold
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