Independent Bank Corp/MA (INDB) Stock Price

INDBStock

$79.88+24.06%52W

Market Cap$3.78B

P/E18.42x

PEG Ratio11.00

Div yield3.95%

Beta0.78

INDB Share Price Chart

Favorite Metrics

Price vs S&P 500 (26W)-10.11%

Price vs S&P 500 (4W)-0.30%

PEG Ratio11.00

VGM Score49.64

P/E Ratio (Annual)18.42x

Indicated Dividend Yield (Annual)3.95%

P/CF (Annual)15.04x

Book Value / Share (Quarterly)$73.76

P/TBV (Annual)1.05x

Indicated Dividend (Annual)$2.56

Revenue Growth (3Y)12.87%

Cash Flow / Share (Quarterly)$6.38

Payout Ratio (TTM)42.26%

Price vs S&P 500 (YTD)-2.62%

Net Profit Margin (TTM)34.69%

EPS (TTM)$5.54

10-Day Avg Trading Volume0.57M

EPS Excl Extra (TTM)$5.54

Revenue Growth (5Y)18.32%

EPS (Annual)$4.44

Dividend / Share (Annual)$2.27

ROI (Annual)5.16%

Net Profit Margin (5Y Avg)30.19%

Cash / Share (Quarterly)$4.01

P/E Basic Excl Extra (TTM)13.92x

Revenue Growth QoQ (YoY)19.39%

EPS Growth (5Y)4.06%

P/E Normalized (Annual)18.42x

ROA (Last FY)0.82%

Revenue Growth TTM (YoY)32.17%

EBITD / Share (TTM)$9.27

ROE (5Y Avg)6.72%

Operating Margin (TTM)45.65%

Cash Flow / Share (Annual)$4.85

P/B Ratio1.08x

P/B Ratio (Quarterly)1.15x

Net Income / Employee (Annual)$89,400

ROA (TTM)1.09%

EPS Growth QoQ (YoY)42.04%

EV / EBITDA (TTM)12.13x

EPS Incl Extra (Annual)$4.44

3-Month Avg Trading Volume0.40M

52-Week Price Return24.06%

EV / Free Cash Flow (Annual)17.83x

P/E Incl Extra (TTM)13.92x

Tangible BV / Share (Quarterly)$71.24

P/S Ratio (Annual)3.36x

52-Week High$87.50

Operating Margin (5Y Avg)39.52%

EPS Excl Extra (Annual)$4.44

CapEx CAGR (5Y)-0.75%

Tangible BV CAGR (5Y)15.37%

26-Week Price Return-0.20%

13-Week Price Return-5.48%

Total Debt / Equity (Annual)0.11x

Enterprise Value$4.26B

Revenue / Share Growth (5Y)4.67%

Book Value / Share Growth (5Y)7.02%

Revenue / Employee (Annual)$424,440,800,000

Pretax Margin (Annual)47.77%

Cash / Share (Annual)$3.85

3-Month Return Std Dev18.50%

Net Income / Employee (TTM)$118,300

EBITDA CAGR (5Y)20.14%

EBITDA Interim CAGR (5Y)18.21%

ROE (Last FY)5.75%

EPS Basic Excl Extra (Annual)$4.44

P/FCF (TTM)12.44x

EV / Free Cash Flow (TTM)14.03x

Total Debt / Equity (Quarterly)0.14x

EPS Incl Extra (TTM)$5.54

ROI (TTM)6.84%

Dividend Growth Rate (5Y)4.53%

P/S Ratio (TTM)3.24x

Pretax Margin (5Y Avg)39.52%

Revenue / Share (Annual)$15.69

Tangible BV / Share (Annual)$69.70

Forward P/E10.10x

Free OCF CAGR (5Y)35.67%

Price vs S&P 500 (52W)8.52%

P/E Ratio (TTM)13.92x

EPS Growth TTM (YoY)25.08%

Year-to-Date Return9.30%

5-Day Price Return3.53%

EPS Normalized (Annual)$4.44

ROA (5Y Avg)1.00%

Net Profit Margin (Annual)36.24%

Month-to-Date Return2.87%

Cash Flow / Share (TTM)$6.67

EBITD / Share (Annual)$6.59

EPS Growth (3Y)-7.91%

Operating Margin (Annual)47.77%

LT Debt / Equity (Annual)0.11x

P/CF (TTM)11.74x

ROI (5Y Avg)6.41%

P/E Excl Extra (TTM)13.92x

LT Debt / Equity (Quarterly)0.14x

EPS Basic Excl Extra (TTM)$5.54

P/TBV (Quarterly)1.19x

Payout Ratio (Annual)50.65%

P/B Ratio (Annual)1.01x

Dividend / Share (TTM)$2.54

Pretax Margin (TTM)45.65%

Book Value / Share (Annual)$72.41

Price vs S&P 500 (13W)-8.16%

Net Margin Growth (5Y)6.81%

Dividend Yield (TTM)3.04%

Beta0.78x

P/FCF (Annual)15.81x

Revenue / Share (TTM)$16.87

ROE (TTM)7.66%

52-Week Low$63.33

vGradeC

gGradeC

mGradeC

vgmGradeC

INDB Earnings Surprise History

Quarter	Report date	EPS estimate	EPS actual	Surprise
Q3 2026	Oct 15, 2026	$1.85	$1.90	+2.53%(+$0.05)
Q2 2026	Jul 16, 2026	$1.78	$1.70	-4.75%(-$0.08)
Q1 2026	Apr 16, 2026	$1.66	$1.68	+0.94%(+$0.02)
Q4 2025	Jan 22, 2026	$1.65	$1.70	+2.77%(+$0.05)
Q3 2025	Oct 16, 2025	$1.53	$1.55	+0.98%(+$0.02)

INDB Analyst Recommendations

Jun 2026

Jul 2026

Aug 2026

Sep 2026

4.00

Industry Peers — State Banks(190)

Symbol	Value Score	Growth Score	Momentum Score	P/B Ratio (Quarterly)	ROE (TTM)	ROA (TTM)	Net Interest Coverage (TTM)	Price
INDBIndependent Bank Corp/MA	C	C	C	1.2x	7.7%	1.1%	—	$79.88
BNSBank of Nova Scotia	D	C	A	1.7x	11.4%	0.7%	—	$91.60
ITUBItau Unibanco Holding S.A. American Depositary Shares	B	D	C	2.2x	22.1%	1.5%	—	$9.44
BNYBank of New York Mellon Corporation	F	C	C	2.3x	14.8%	1.3%	—	$143.30
DBDeutsche Bank Aktiengesellschaft	A	C	D	0.7x	9.3%	0.5%	—	$32.57
XLFState Street Financial Select Sector SPDR ETF	—	—	C	—	—	—	—	$55.52
FITBFifth Third Bancorp	D	C	D	1.2x	8.9%	0.9%	—	$50.37
STTState Street Corporation	C	B	C	1.7x	13.1%	0.9%	—	$165.72
BBDBanco Bradesco S.A. American Depositary Shares (Each representing one Preferred Shares)	B	C	C	1.0x	14.3%	1.1%	—	$3.96
BBDOBanco Bradesco S.A. American Depositary Shares (Each representing one Common Share, no par value)	B	C	C	1.0x	14.3%	1.1%	—	$3.55
MTBM&T Bank Corp.	B	B	D	1.2x	10.7%	1.4%	—	$215.28
NTRSNorthern Trust Corp	D	C	C	2.4x	17.1%	1.3%	—	$165.54
CFGCitizens Financial Group, Inc.	C	C	D	1.1x	8.1%	0.9%	—	$63.36
FCNCAFirst Citizens BancShares Inc	C	B	B	1.1x	10.7%	1.0%	—	$2123.74
EWBCEast-West Bancorp Inc	C	B	C	1.9x	16.2%	1.8%	—	$126.88
ALLYAlly Financial Inc.	A	C	F	0.9x	9.4%	0.7%	—	$37.68
BPOPPopular Inc	C	C	B	1.6x	15.4%	1.3%	—	$158.89
SSBSouthState Bank Corporation	C	B	C	1.1x	10.5%	1.4%	—	$102.06
WTFCWintrust Financial Corp	B	B	D	1.4x	12.3%	1.3%	—	$144.08
PBProsperity Bancshares Inc	D	D	D	0.9x	7.1%	1.4%	—	$67.79
WALWestern Alliance Bancorporation	B	B	D	1.1x	12.9%	1.0%	—	$74.51
COLBColumbia Banking Systems Inc	B	C	D	1.2x	9.2%	1.1%	—	$28.44
CBCCentral Bancompany, Inc. Class A Common Stock	F	B	A	1.9x	11.7%	2.1%	—	$33.42
CBSHCommerce Bancshares Inc	C	D	C	1.9x	14.4%	1.7%	—	$55.69
UBSIUnited Bankshares Inc	C	C	B	1.1x	9.4%	1.5%	—	$46.69
HWCHancock Whitney Corporation Common Stock	C	C	C	1.4x	9.6%	1.2%	—	$73.03
HOMBHome BancShares, Inc.	C	D	C	1.2x	10.9%	2.0%	—	$29.20
GBCIGlacier Bancorp Inc	D	C	D	1.6x	7.6%	1.0%	—	$43.83
ASBAssociated Banc-Corp	B	C	C	0.9x	9.9%	1.1%	—	$28.96
AUBAtlantic Union Bankshares Corporation	C	B	D	1.2x	9.7%	1.3%	—	$38.11
ABCBAmeris Bancorp	C	C	D	1.5x	9.3%	1.4%	—	$79.72
FFINFirst Financial Bankshares Inc	D	D	F	2.5x	14.3%	1.8%	—	$30.47
SFBSServisFirst Bancshares Inc.	D	B	D	2.4x	17.1%	1.8%	—	$39.36
IBOCInternational Bancshares Corp	C	C	D	1.4x	12.7%	2.5%	—	$67.34
FBPFirst BanCorp.	C	C	B	2.0x	19.0%	1.9%	—	$27.37
UCBUnited Community Banks, Inc.	C	B	C	1.1x	10.3%	1.3%	—	$34.09
CATYCathay General Bancorp	C	C	C	1.4x	11.7%	1.4%	—	$59.96
TCBITexas Capital Bancshares, Inc. Common Stock, par value $0.01 per share	C	C	D	1.2x	10.0%	1.1%	—	$91.15
CVBFCVB Financial Corp	C	D	C	1.3x	8.2%	1.2%	—	$21.87
RNSTRenasant Corporation	C	B	C	1.0x	8.1%	1.2%	—	$39.91
FIBKFirst Interstate BancSystem, Inc. Common Stock (DE)	B	B	D	1.1x	9.6%	1.2%	—	$34.82
MCHBMechanics Bancorp Class A Common Stock	D	C	D	1.2x	9.9%	1.2%	—	$14.35
SBCFSeacoast Banking Corp of Florida	D	B	C	1.1x	5.6%	0.8%	—	$32.54
FHBFirst Hawaiian, Inc. Common Stock	B	D	D	1.3x	10.3%	1.2%	—	$24.95
BOHBank of Hawaii Corp.	C	C	D	1.7x	12.8%	1.0%	—	$67.23
FBKFB Financial Corporation	D	B	F	1.3x	12.0%	1.4%	—	$51.54
CUBICUSTOMERS BANCORP INC	B	B	C	1.2x	13.6%	1.1%	—	$74.78
FBNCFirst Bancorp/NC	D	B	C	1.5x	8.0%	1.0%	—	$60.36
BUSEFirst Busey Corporation Class A Common Stock	B	C	B	1.0x	9.5%	1.3%	—	$29.43
SYBTStock Yards Bancorp, Inc.	D	C	C	1.8x	13.4%	1.6%	—	$76.69
BANRBanner Corp.	C	D	C	1.1x	10.7%	1.3%	—	$67.57

About Independent Bank Corp/MA

Independent Bank Corp is the holding company for Rockland Trust Company, a community-focused commercial bank serving Eastern Massachusetts, Worcester County, and Rhode Island. The bank provides comprehensive banking, investment, and financial services primarily to small and medium-sized businesses and consumers in its regional markets. Its asset base is dominated by a commercial loan portfolio that represents the core of its operations.