Independent Bank Corp. (INDB)

Independent Bank Statistics

Total Valuation

INDB has a market cap or net worth of $3.79 billion. The enterprise value is $3.84 billion.

Market Cap	3.79B
Enterprise Value	3.84B

Important Dates

The last earnings date was Thursday, April 16, 2026, after market close.

Earnings Date	Apr 16, 2026
Ex-Dividend Date	Mar 30, 2026

Share Statistics

INDB has 48.57 million shares outstanding. The number of shares has increased by 12.43% in one year.

Current Share Class	48.57M
Shares Outstanding	48.57M
Shares Change (YoY)	+12.43%
Shares Change (QoQ)	-0.96%
Owned by Insiders (%)	1.22%
Owned by Institutions (%)	88.43%
Float	47.97M

Valuation Ratios

The trailing PE ratio is 15.49 and the forward PE ratio is 10.32.

PE Ratio	15.49
Forward PE	10.32
PS Ratio	4.32
Forward PS	3.53
PB Ratio	1.07
P/TBV Ratio	1.63
P/FCF Ratio	n/a
P/OCF Ratio	n/a
PEG Ratio	n/a

Enterprise Valuation

EV / Earnings	15.94
EV / Sales	4.38
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 7.32%.

Return on Equity (ROE)	7.32%
Return on Assets (ROA)	1.08%
Return on Invested Capital (ROIC)	n/a
Return on Capital Employed (ROCE)	n/a
Weighted Average Cost of Capital (WACC)	7.22%
Revenue Per Employee	$381,965
Profits Per Employee	$104,890
Employee Count	2,294
Asset Turnover	n/a
Inventory Turnover	n/a

Taxes

In the past 12 months, INDB has paid $68.69 million in taxes.

Income Tax	68.69M
Effective Tax Rate	22.21%

Stock Price Statistics

The stock price has increased by +31.63% in the last 52 weeks. The beta is 0.81, so INDB's price volatility has been lower than the market average.

Beta (5Y)	0.81
52-Week Price Change	+31.63%
50-Day Moving Average	77.68
200-Day Moving Average	73.33
Relative Strength Index (RSI)	50.09
Average Volume (20 Days)	373,093

Short Selling Information

The latest short interest is 1.85 million, so 3.82% of the outstanding shares have been sold short.

Short Interest	1.85M
Short Previous Month	1.96M
Short % of Shares Out	3.82%
Short % of Float	3.87%
Short Ratio (days to cover)	5.76

Income Statement

In the last 12 months, INDB had revenue of $876.23 million and earned $240.62 million in profits. Earnings per share was $5.04.

Revenue	876.23M
Gross Profit	876.23M
Operating Income	386.11M
Pretax Income	309.31M
Net Income	240.62M
EBITDA	n/a
EBIT	n/a
Earnings Per Share (EPS)	$5.04

Balance Sheet

The company has $728.98 million in cash and $776.26 million in debt, with a net cash position of -$47.28 million or -$0.97 per share.

Cash & Cash Equivalents	728.98M
Total Debt	776.26M
Net Cash	-47.28M
Net Cash Per Share	-$0.97
Equity (Book Value)	3.54B
Book Value Per Share	72.92
Working Capital	-19.44B

Cash Flow

Operating Cash Flow	n/a
Capital Expenditures	n/a
Depreciation & Amortization	n/a
Net Borrowing	n/a
Free Cash Flow	n/a
FCF Per Share	n/a

Margins

Gross Margin	n/a
Operating Margin	44.06%
Pretax Margin	35.30%
Profit Margin	27.46%
EBITDA Margin	n/a
EBIT Margin	n/a
FCF Margin	n/a

Dividends & Yields

This stock pays an annual dividend of $2.56, which amounts to a dividend yield of 3.28%.

Dividend Per Share	$2.56
Dividend Yield	3.28%
Dividend Growth (YoY)	4.78%
Years of Dividend Growth	15
Payout Ratio	47.86%
Buyback Yield	-12.43%
Shareholder Yield	-9.11%
Earnings Yield	6.35%
FCF Yield	n/a

Analyst Forecast

The average price target for INDB is $87.00, which is 11.55% higher than the current price. The consensus rating is "Hold".

Price Target	$87.00
Price Target Difference	11.55%
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