Independent Bank Statistics
Total Valuation
INDB has a market cap or net worth of $4.02 billion. The enterprise value is $3.74 billion.
| Market Cap | 4.02B |
| 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 47.37 million shares outstanding. The number of shares has increased by 15.51% in one year.
| Current Share Class | 47.37M |
| Shares Outstanding | 47.37M |
| Shares Change (YoY) | +15.51% |
| Shares Change (QoQ) | -1.88% |
| Owned by Insiders (%) | 1.26% |
| Owned by Institutions (%) | 88.61% |
| Float | 46.40M |
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 | 4.23 |
| Forward PS | 3.79 |
| PB Ratio | 1.15 |
| P/TBV Ratio | 1.75 |
| P/FCF Ratio | 13.22 |
| P/OCF Ratio | 12.49 |
| PEG Ratio | n/a |
Enterprise Valuation
| EV / Earnings | 13.79 |
| EV / Sales | 3.95 |
| EV / EBITDA | n/a |
| EV / EBIT | n/a |
| EV / FCF | 12.32 |
Financial Position
| Current Ratio | n/a |
| Quick Ratio | n/a |
| Debt / Equity | n/a |
| Debt / EBITDA | n/a |
| Debt / FCF | 2.50 |
| 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) | 7.21% |
| 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 +32.90% 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 | +32.90% |
| 50-Day Moving Average | 83.29 |
| 200-Day Moving Average | 78.03 |
| Relative Strength Index (RSI) | 52.52 |
| Average Volume (20 Days) | 391,701 |
Short Selling Information
The latest short interest is 1.96 million, so 4.14% of the outstanding shares have been sold short.
| Short Interest | 1.96M |
| Short Previous Month | 2.04M |
| Short % of Shares Out | 4.14% |
| Short % of Float | 4.23% |
| Short Ratio (days to cover) | 4.44 |
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 $1.03 billion in cash and $758.44 million in debt, with a net cash position of $274.07 million or $5.79 per share.
| Cash & Cash Equivalents | 1.03B |
| Total Debt | 758.44M |
| Net Cash | 274.07M |
| Net Cash Per Share | $5.79 |
| Equity (Book Value) | 3.51B |
| Book Value Per Share | 73.76 |
| Working Capital | -19.50B |
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 | $6.41 |
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 | 32.02% |
Dividends & Yields
This stock pays an annual dividend of $2.56, which amounts to a dividend yield of 3.02%.
| Dividend Per Share | $2.56 |
| Dividend Yield | 3.02% |
| Dividend Growth (YoY) | 6.03% |
| Years of Dividend Growth | 15 |
| Payout Ratio | 46.39% |
| Buyback Yield | -15.51% |
| Shareholder Yield | -12.49% |
| Earnings Yield | 6.76% |
| FCF Yield | 7.56% |
Analyst Forecast
The average price target for INDB is $92.71, which is 9.33% higher than the current price. The consensus rating is "Buy".
| Price Target | $92.71 |
| Price Target Difference | 9.33% |
| 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 | 4 |