Independent Bank Statistics
Total Valuation
INDB has a market cap or net worth of $3.75 billion. The enterprise value is $3.72 billion.
| Market Cap | 3.75B |
| Enterprise Value | 3.72B |
Important Dates
The last earnings date was Thursday, October 15, 2026, after market close.
| Earnings Date | Oct 15, 2026 |
| Ex-Dividend Date | Sep 28, 2026 |
Share Statistics
INDB has 46.94 million shares outstanding. The number of shares has increased by 9.03% in one year.
| Current Share Class | 46.94M |
| Shares Outstanding | 46.94M |
| Shares Change (YoY) | +9.03% |
| Shares Change (QoQ) | -1.71% |
| Owned by Insiders (%) | 1.26% |
| Owned by Institutions (%) | 87.18% |
| Float | 46.34M |
Valuation Ratios
The trailing PE ratio is 11.84 and the forward PE ratio is 9.91.
| PE Ratio | 11.84 |
| Forward PE | 9.91 |
| PS Ratio | 3.75 |
| Forward PS | 3.54 |
| PB Ratio | 1.09 |
| P/TBV Ratio | 1.67 |
| P/FCF Ratio | 12.34 |
| P/OCF Ratio | 11.66 |
| PEG Ratio | n/a |
Enterprise Valuation
| EV / Earnings | 11.37 |
| EV / Sales | 3.72 |
| EV / EBITDA | n/a |
| EV / EBIT | n/a |
| EV / FCF | 12.24 |
Financial Position
| Current Ratio | n/a |
| Quick Ratio | n/a |
| Debt / Equity | n/a |
| Debt / EBITDA | n/a |
| Debt / FCF | 2.06 |
| Interest Coverage | n/a |
Financial Efficiency
Return on equity (ROE) is 9.34%.
| Return on Equity (ROE) | 9.34% |
| Return on Assets (ROA) | 1.31% |
| Return on Invested Capital (ROIC) | n/a |
| Return on Capital Employed (ROCE) | n/a |
| Weighted Average Cost of Capital (WACC) | 7.41% |
| Revenue Per Employee | $435,448 |
| Profits Per Employee | $142,476 |
| Employee Count | 2,294 |
| Asset Turnover | n/a |
| Inventory Turnover | n/a |
Taxes
In the past 12 months, INDB has paid $96.10 million in taxes.
| Income Tax | 96.10M |
| Effective Tax Rate | 22.72% |
Stock Price Statistics
The stock price has increased by +17.61% 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 | +17.61% |
| 50-Day Moving Average | 81.49 |
| 200-Day Moving Average | 80.24 |
| Relative Strength Index (RSI) | 52.07 |
| Average Volume (20 Days) | 459,160 |
Short Selling Information
The latest short interest is 2.12 million, so 4.52% of the outstanding shares have been sold short.
| Short Interest | 2.12M |
| Short Previous Month | 2.20M |
| Short % of Shares Out | 4.52% |
| Short % of Float | 4.57% |
| Short Ratio (days to cover) | 6.05 |
Income Statement
In the last 12 months, INDB had revenue of $998.92 million and earned $326.84 million in profits. Earnings per share was $6.74.
| Revenue | 998.92M |
| Gross Profit | 998.92M |
| Operating Income | 478.35M |
| Pretax Income | 422.94M |
| Net Income | 326.84M |
| EBITDA | n/a |
| EBIT | n/a |
| Earnings Per Share (EPS) | $6.74 |
Balance Sheet
The company has $659.38 million in cash and $627.15 million in debt, with a net cash position of $32.23 million or $0.69 per share.
| Cash & Cash Equivalents | 659.38M |
| Total Debt | 627.15M |
| Net Cash | 32.23M |
| Net Cash Per Share | $0.69 |
| Equity (Book Value) | 3.45B |
| Book Value Per Share | 73.54 |
| Working Capital | -19.85B |
Cash Flow
In the last 12 months, operating cash flow was $321.72 million and capital expenditures -$17.92 million, giving a free cash flow of $303.80 million.
| Operating Cash Flow | 321.72M |
| Capital Expenditures | -17.92M |
| Depreciation & Amortization | n/a |
| Net Borrowing | -181.21M |
| Free Cash Flow | 303.80M |
| FCF Per Share | $6.47 |
Margins
| Gross Margin | n/a |
| Operating Margin | 47.89% |
| Pretax Margin | 42.34% |
| Profit Margin | 32.72% |
| EBITDA Margin | n/a |
| EBIT Margin | n/a |
| FCF Margin | 32.02% |
Dividends & Yields
This stock pays an annual dividend of $2.56, which amounts to a dividend yield of 3.21%.
| Dividend Per Share | $2.56 |
| Dividend Yield | 3.21% |
| Dividend Growth (YoY) | 7.26% |
| Years of Dividend Growth | 15 |
| Payout Ratio | 37.95% |
| FCF Payout Ratio | 39.56% |
| Buyback Yield | -9.03% |
| Shareholder Yield | -5.83% |
| Earnings Yield | 8.72% |
| FCF Yield | 8.10% |
Analyst Forecast
The average price target for INDB is $93.43, which is 16.98% higher than the current price. The consensus rating is "Buy".
| Price Target | $93.43 |
| Price Target Difference | 16.98% |
| Analyst Consensus | Buy |
| Analyst Count | 7 |
| Revenue Growth Forecast (3Y) | 9.95% |
| EPS Growth Forecast (3Y) | 17.85% |
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 | 3 |