Independent Bank Statistics
Total Valuation
INDB has a market cap or net worth of $3.65 billion. The enterprise value is $3.54 billion.
Important Dates
The next estimated earnings date is Thursday, January 15, 2026, after market close.
| Earnings Date | Jan 15, 2026 |
| Ex-Dividend Date | Sep 29, 2025 |
Share Statistics
INDB has 49.58 million shares outstanding. The number of shares has increased by 3.95% in one year.
| Current Share Class | 49.58M |
| Shares Outstanding | 49.58M |
| Shares Change (YoY) | +3.95% |
| Shares Change (QoQ) | +17.16% |
| Owned by Insiders (%) | 1.38% |
| Owned by Institutions (%) | 85.03% |
| Float | 48.77M |
Valuation Ratios
The trailing PE ratio is 18.19 and the forward PE ratio is 10.48.
| PE Ratio | 18.19 |
| Forward PE | 10.48 |
| PS Ratio | 4.59 |
| Forward PS | 3.53 |
| PB Ratio | 1.03 |
| P/TBV Ratio | 1.57 |
| P/FCF Ratio | 18.25 |
| P/OCF Ratio | 16.97 |
| PEG Ratio | n/a |
Financial Ratio HistoryEnterprise Valuation
| EV / Earnings | 19.70 |
| EV / Sales | 4.97 |
| EV / EBITDA | n/a |
| EV / EBIT | n/a |
| EV / FCF | 17.71 |
Financial Position
| Current Ratio | n/a |
| Quick Ratio | n/a |
| Debt / Equity | n/a |
| Debt / EBITDA | n/a |
| Debt / FCF | 4.20 |
| 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 +1.83% 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 | +1.83% |
| 50-Day Moving Average | 69.32 |
| 200-Day Moving Average | 65.60 |
| Relative Strength Index (RSI) | 62.72 |
| Average Volume (20 Days) | 277,518 |
Short Selling Information
The latest short interest is 1.78 million, so 3.59% of the outstanding shares have been sold short.
| Short Interest | 1.78M |
| Short Previous Month | 1.78M |
| Short % of Shares Out | 3.59% |
| Short % of Float | 3.65% |
| Short Ratio (days to cover) | 5.79 |
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 |
Full Income StatementBalance Sheet
The company has $948.57 million in cash and $839.54 million in debt, giving a net cash position of $109.03 million or $2.20 per share.
| Cash & Cash Equivalents | 948.57M |
| Total Debt | 839.54M |
| Net Cash | 109.03M |
| Net Cash Per Share | $2.20 |
| Equity (Book Value) | 3.55B |
| Book Value Per Share | 71.24 |
| Working Capital | -19.37B |
Full Balance SheetCash Flow
In the last 12 months, operating cash flow was $215.12 million and capital expenditures -$15.11 million, giving a free cash flow of $200.00 million.
| Operating Cash Flow | 215.12M |
| Capital Expenditures | -15.11M |
| Free Cash Flow | 200.00M |
| FCF Per Share | $4.03 |
Full Cash Flow StatementMargins
| 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 | 28.08% |
Dividends & Yields
This stock pays an annual dividend of $2.36, which amounts to a dividend yield of 3.20%.
| Dividend Per Share | $2.36 |
| Dividend Yield | 3.20% |
| Dividend Growth (YoY) | 3.54% |
| Years of Dividend Growth | 14 |
| Payout Ratio | 57.80% |
| Buyback Yield | -3.95% |
| Shareholder Yield | -0.75% |
| Earnings Yield | 4.93% |
| FCF Yield | 5.48% |
Dividend DetailsAnalyst Forecast
The average price target for INDB is $74.00, which is 0.46% higher than the current price. The consensus rating is "Buy".
| Price Target | $74.00 |
| Price Target Difference | 0.46% |
| Analyst Consensus | Buy |
| Analyst Count | 4 |
| 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 |
