Independent Bank Statistics
Total Valuation
INDB has a market cap or net worth of $3.79 billion. The enterprise value is $3.89 billion.
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 48.33 million shares outstanding. The number of shares has increased by 12.43% in one year.
| Current Share Class | 48.33M |
| Shares Outstanding | 48.33M |
| Shares Change (YoY) | +12.43% |
| Shares Change (QoQ) | -0.96% |
| Owned by Insiders (%) | 1.22% |
| Owned by Institutions (%) | 88.30% |
| Float | 47.73M |
Valuation Ratios
The trailing PE ratio is 15.67 and the forward PE ratio is 10.43.
| PE Ratio | 15.67 |
| Forward PE | 10.43 |
| PS Ratio | 4.35 |
| Forward PS | 3.54 |
| PB Ratio | 1.08 |
| P/TBV Ratio | 1.64 |
| P/FCF Ratio | 11.24 |
| P/OCF Ratio | 10.74 |
| PEG Ratio | n/a |
Financial Ratio HistoryEnterprise Valuation
| EV / Earnings | 16.15 |
| EV / Sales | 4.44 |
| EV / EBITDA | n/a |
| EV / EBIT | n/a |
| EV / FCF | 11.46 |
Financial Position
| Current Ratio | n/a |
| Quick Ratio | n/a |
| Debt / Equity | n/a |
| Debt / EBITDA | n/a |
| Debt / FCF | 2.44 |
| 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) | 7.10% |
| 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 +22.06% 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 | +22.06% |
| 50-Day Moving Average | 77.06 |
| 200-Day Moving Average | 74.14 |
| Relative Strength Index (RSI) | 56.34 |
| Average Volume (20 Days) | 338,111 |
Short Selling Information
The latest short interest is 1.99 million, so 4.11% of the outstanding shares have been sold short.
| Short Interest | 1.99M |
| Short Previous Month | 1.85M |
| Short % of Shares Out | 4.11% |
| Short % of Float | 4.16% |
| Short Ratio (days to cover) | 5.51 |
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 |
Full Income StatementBalance Sheet
The company has $755.69 million in cash and $828.36 million in debt, with a net cash position of -$72.67 million or -$1.50 per share.
| Cash & Cash Equivalents | 755.69M |
| Total Debt | 828.36M |
| Net Cash | -72.67M |
| Net Cash Per Share | -$1.50 |
| Equity (Book Value) | 3.54B |
| Book Value Per Share | 72.92 |
| Working Capital | -19.45B |
Full Balance SheetCash Flow
In the last 12 months, operating cash flow was $355.04 million and capital expenditures -$15.71 million, giving a free cash flow of $339.33 million.
| Operating Cash Flow | 355.04M |
| Capital Expenditures | -15.71M |
| Depreciation & Amortization | n/a |
| Net Borrowing | -206.87M |
| Free Cash Flow | 339.33M |
| FCF Per Share | $7.02 |
Full Cash Flow StatementMargins
| 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 | 38.73% |
Dividends & Yields
This stock pays an annual dividend of $2.56, which amounts to a dividend yield of 3.24%.
| Dividend Per Share | $2.56 |
| Dividend Yield | 3.24% |
| Dividend Growth (YoY) | 4.78% |
| Years of Dividend Growth | 15 |
| Payout Ratio | 47.86% |
| Buyback Yield | -12.43% |
| Shareholder Yield | -9.19% |
| Earnings Yield | 6.31% |
| FCF Yield | 8.90% |
Dividend DetailsAnalyst Forecast
The average price target for INDB is $90.57, which is 15.61% higher than the current price. The consensus rating is "Buy".
| Price Target | $90.57 |
| Price Target Difference | 15.61% |
| Analyst Consensus | Buy |
| Analyst Count | 7 |
| 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 |
