Independent Bank Statistics
Total Valuation
INDB has a market cap or net worth of $4.04 billion. The enterprise value is $3.74 billion.
| Market Cap | 4.04B |
| Enterprise Value | 3.74B |
Important Dates
The last earnings date was Thursday, July 16, 2026, after market close.
| Earnings Date | Jul 16, 2026 |
| Ex-Dividend Date | Jun 29, 2026 |
Share Statistics
INDB has 47.62 million shares outstanding. The number of shares has increased by 15.51% in one year.
| Current Share Class | 47.62M |
| Shares Outstanding | 47.62M |
| Shares Change (YoY) | +15.51% |
| Shares Change (QoQ) | -1.88% |
| Owned by Insiders (%) | 1.26% |
| Owned by Institutions (%) | 89.08% |
| Float | 47.01M |
Valuation Ratios
The trailing PE ratio is 15.37 and the forward PE ratio is 10.96.
| PE Ratio | 15.37 |
| Forward PE | 10.96 |
| PS Ratio | 4.26 |
| Forward PS | 3.77 |
| PB Ratio | 1.15 |
| P/TBV Ratio | 1.75 |
| P/FCF Ratio | n/a |
| P/OCF Ratio | n/a |
| PEG Ratio | n/a |
Enterprise Valuation
| EV / Earnings | 13.78 |
| EV / Sales | 3.94 |
| 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 8.24%.
| Return on Equity (ROE) | 8.24% |
| Return on Assets (ROA) | 1.21% |
| Return on Invested Capital (ROIC) | n/a |
| Return on Capital Employed (ROCE) | n/a |
| Weighted Average Cost of Capital (WACC) | 7.31% |
| Revenue Per Employee | $413,553 |
| Profits Per Employee | $118,289 |
| Employee Count | 2,294 |
| Asset Turnover | n/a |
| Inventory Turnover | n/a |
Taxes
In the past 12 months, INDB has paid $78.94 million in taxes.
| Income Tax | 78.94M |
| Effective Tax Rate | 22.54% |
Stock Price Statistics
The stock price has increased by +22.06% in the last 52 weeks. The beta is 0.79, so INDB's price volatility has been lower than the market average.
| Beta (5Y) | 0.79 |
| 52-Week Price Change | +22.06% |
| 50-Day Moving Average | 81.10 |
| 200-Day Moving Average | 76.71 |
| Relative Strength Index (RSI) | 55.75 |
| Average Volume (20 Days) | 459,029 |
Short Selling Information
The latest short interest is 2.04 million, so 4.29% of the outstanding shares have been sold short.
| Short Interest | 2.04M |
| Short Previous Month | 2.11M |
| Short % of Shares Out | 4.29% |
| Short % of Float | 4.35% |
| Short Ratio (days to cover) | 4.87 |
Income Statement
In the last 12 months, INDB had revenue of $948.69 million and earned $271.35 million in profits. Earnings per share was $5.52.
| Revenue | 948.69M |
| Gross Profit | 948.69M |
| Operating Income | 431.24M |
| Pretax Income | 350.30M |
| Net Income | 271.35M |
| EBITDA | n/a |
| EBIT | n/a |
| Earnings Per Share (EPS) | $5.52 |
Balance Sheet
The company has $1.00 billion in cash and $701.47 million in debt, with a net cash position of $299.76 million or $6.30 per share.
| Cash & Cash Equivalents | 1.00B |
| Total Debt | 701.47M |
| Net Cash | 299.76M |
| Net Cash Per Share | $6.30 |
| Equity (Book Value) | 3.51B |
| Book Value Per Share | 73.76 |
| Working Capital | -19.49B |
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 | 45.46% |
| Pretax Margin | 36.92% |
| Profit Margin | 28.60% |
| 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 3.03%.
| Dividend Per Share | $2.56 |
| Dividend Yield | 3.03% |
| Dividend Growth (YoY) | 6.03% |
| Years of Dividend Growth | 15 |
| Payout Ratio | 44.58% |
| Buyback Yield | -15.51% |
| Shareholder Yield | -12.49% |
| Earnings Yield | 6.72% |
| FCF Yield | n/a |
Analyst Forecast
The average price target for INDB is $91.71, which is 8.14% higher than the current price. The consensus rating is "Buy".
| Price Target | $91.71 |
| Price Target Difference | 8.14% |
| Analyst Consensus | Buy |
| Analyst Count | 7 |
| Revenue Growth Forecast (3Y) | n/a |
| EPS Growth Forecast (3Y) | 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 |