Independent Bank Corp. INDB R2K
Company Overview
Independent Bank Corp. operates as the bank holding company for Rockland Trust Company that provides commercial banking products and services to individuals and small-to-medium sized businesses in the United States. It provides interest checking, money market, and savings accounts, as well as demand deposits and time certificates of deposit. The company also offers commercial real estate and construction, commercial and industrial, small business, secured and unsecured commercial, and consumer real estate loans; term loans and revolving/nonrevolving lines of credit; overdraft protection and letters of credit; and residential mortgages and home equity loans and lines. In addition, it provides cash management services, such as ACH transaction processing, positive pay, and remote deposit services; investment management and trust services to individuals, institutions, small businesses, and charitable institutions; interchange fees; ATM fees; mobile, online, and telephone banking; estate settlement, financial planning, tax services, and other services; debit and credit cards; and mutual fund and unit investment trust shares, third party model portfolios, general securities, fixed and variable annuities, and life insurance products, as well as advisory platforms. Further, the company invests in low-income housing tax credit projects; holds, maintains, and disposes foreclosed properties; and operates as an investment advisor. The company was founded in 1907 and is headquartered in Rockland, Massachusetts.
Why Investors Should Care
Net profit has compounded at 14.7% per year over the last five years.
Trades at an undemanding P/E of 16.7.
Maintains a net profit margin of 27.5%.
Offers a dividend yield of 3.07%.
Generates positive free cash flow, funding growth and shareholder returns internally.
Recent Developments
- Trailing 12 Months Year-on-year growth — revenue +51.6%, earnings +56.7%.
- 5-Year Trend Long-term compounding — profit CAGR 14.7%.
Growth & Price Performance
Compounded Sales Growth
| 5 Years: | - |
| 1 Year: | 51.60% |
Compounded Profit Growth
| 5 Years: | 14.66% |
| 1 Year: | 56.70% |
Stock Price Performance
| 1 Year: | +29.72% |
| 6 Months: | +13.34% |
| 3 Months: | +5.56% |
| 1 Month: | +3.71% |
Highlights auto-generated from reported financials and price data; not investment advice. Verify with official filings before acting.
- Price vs 50-DMAAbove
- Price vs 200-DMAAbove
- RSI (14)58.79 · Neutral
P/E of 16.74 is above the sector median of 13.30 — pricier than peers.
Auto-generated from price history and fundamentals; not investment advice.
Price Chart
Technical Trend
Computed from daily close history using EMA cross, slope, and RSI signals.
Note: intraday data is not stored locally. “Hourly” uses the most recent 10 daily candles as a short-term proxy.
Fundamental Growth Charts
No fundamental data available for this stock.
Interactive charts for Revenue, Net Income, EBITDA, Free Cash Flow, EPS, ROE, ROCE, Gross/Net/Operating Margin and more — switch metric and period using the dropdowns above. CAGR is computed across the displayed window (quarterly CAGR is annualised). Visual growth charts make it easy to spot multi-year compounding trends at a glance — far faster than reading raw numbers in a table.
PROS
- Excellent profit margin of 27.5%.
- Profit CAGR of 14.7% over 5 years.
- Attractive dividend yield of 3.07%.
- Generates positive free cash flow.
- In a confirmed uptrend (50-DMA above 200-DMA).
CONS
No notable concerns flagged.
* The pros and cons are auto-generated from financial metrics.
Valuation
Growth (CAGR)
Profitability & Returns
Balance Sheet & Liquidity
Ownership
Financial Snapshot
Peer comparison
Peer companies in the same sector (Financial Services).
| # | Name | CMP $ | P/E | Mkt Cap | Div Yld % | ROCE % | ROE % | Rev CAGR 5Y % | Profit CAGR 5Y % |
|---|---|---|---|---|---|---|---|---|---|
| 1 | INDB Independent Bank Corp. R2K | 84.19 | 16.74 | $4.06B | 3.07% | - | 7.32% | - | 14.66% |
| 2 | JPM JPMorgan Chase & Co. SPX | 342.89 | 16.42 | $918.78B | 1.87% | - | 16.47% | 5.35% | 7.56% |
| 3 | BRK-B Berkshire Hathaway Inc. SPX | 491.09 | 14.61 | $686.70B | 0.00% | - | 10.50% | 4.18% | 9.44% |
| 4 | V Visa Inc. SPX | 356.02 | 31.01 | $590.89B | 0.83% | 37.15% | 60.35% | 14.33% | 13.04% |
| 5 | MA Mastercard Incorporated SPX | 538.02 | 31.10 | $471.86B | 0.71% | 60.19% | - | 12.29% | 19.21% |
| 6 | BAC Bank of America Corporation SPX | 60.62 | 15.04 | $430.20B | 2.00% | - | 10.64% | 6.00% | 3.49% |
| 7 | MS Morgan Stanley SPX | 227.67 | 20.62 | $359.10B | 1.87% | - | 16.39% | 3.76% | 9.66% |
| 8 | GS The Goldman Sachs Group, Inc. SPX | 1,140.00 | 20.83 | $336.31B | 1.69% | - | 14.55% | - | 2.21% |
| 9 | WFC Wells Fargo & Company SPX | 85.29 | 13.18 | $261.00B | 2.11% | - | 12.03% | 4.02% | 15.98% |
Financial Statements Quarterly Results · Profit & Loss · Balance Sheet · Cash Flows · Ratios
Quarterly Results
Figures in USD.
| Metric | Mar 2015 | Jun 2015 | Sep 2015 | Dec 2015 | Mar 2016 | Jun 2016 | Sep 2016 | Dec 2016 | Mar 2017 | Jun 2017 | Sep 2017 | Dec 2017 | Mar 2018 | Jun 2018 | Sep 2018 | Dec 2018 | Mar 2019 | Jun 2019 | Sep 2019 | Dec 2019 | Mar 2020 | Jun 2020 | Sep 2020 | Dec 2020 | Mar 2021 | Jun 2021 | Sep 2021 | Mar 2022 | Jun 2022 | Sep 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Income | 9.46M | 17.45M | 18.59M | 19.45M | 18.61M | 20.37M | 20.48M | 17.18M | 20.73M | 20.56M | 23.85M | 22.06M | 27.55M | 31.12M | 33.02M | 29.93M | 35.23M | 30.63M | 51.84M | 47.48M | 26.75M | 24.90M | 34.87M | 34.64M | 41.71M | 37.57M | 40.01M | 53.10M | 61.78M | 71.90M | 61.25M | 62.64M | 60.81M | 47.77M | 51.33M | 42.95M | 44.42M | 51.10M | 34.26M | 79.92M |
| Diluted EPS | 0.38 | 0.67 | 0.71 | 0.74 | 0.71 | 0.77 | 0.78 | 0.64 | 0.76 | 0.75 | 0.87 | 0.80 | 1.00 | 1.13 | 1.20 | 1.07 | 1.25 | 0.89 | 1.51 | 1.38 | 0.78 | 0.76 | 1.06 | 1.05 | 1.26 | 1.14 | 1.21 | 1.12 | 1.32 | 1.57 | 1.36 | 1.42 | 1.38 | 1.12 | 1.21 | 1.01 | 1.04 | 1.20 | 0.69 | 1.63 |
Profit & Loss (Annual)
Figures in USD.
| Metric | Dec 2009 | Dec 2010 | Dec 2011 | Dec 2012 | Dec 2013 | Dec 2014 | Dec 2015 | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Income | 22.99M | 40.24M | 45.44M | 42.63M | 50.25M | 59.84M | 64.96M | 76.65M | 87.20M | 121.62M | 165.18M | 121.17M | 120.99M | 263.81M | 239.50M | 192.08M | 205.12M |
| Diluted EPS | 0.88 | 1.90 | 2.12 | 1.95 | 2.18 | 2.49 | 2.50 | 2.90 | 3.19 | 4.40 | 5.03 | 3.64 | 3.47 | 5.69 | 5.42 | 4.52 | 4.44 |
Balance Sheet (Annual)
Figures in USD.
| Metric | Dec 2008 | Dec 2009 | Dec 2010 | Dec 2011 | Dec 2012 | Dec 2013 | Dec 2014 | Dec 2015 | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Assets | - | - | 4.70B | 4.97B | 5.76B | 6.10B | 6.36B | 7.21B | 7.71B | 8.08B | 8.85B | 11.40B | 13.20B | 20.42B | 19.29B | 19.35B | 19.37B | 24.91B |
| Total Equity | 305.27M | 412.65M | 436.47M | 469.06M | 529.32M | 591.54M | 640.53M | 771.46M | 864.69M | 943.81M | 1.07B | 1.71B | 1.70B | 3.02B | 2.89B | 2.90B | 2.99B | 3.57B |
| Long Term Debt | - | - | - | 181.47M | 154.13M | 153.91M | 188.69M | 107.89M | 107.74M | 107.75M | 110.90M | 187.35M | 145.32M | 126.71M | 112.74M | 112.84M | 62.86M | 359.35M |
| Total Liabilities | - | - | 4.26B | 4.50B | 5.23B | 5.51B | 5.72B | 6.44B | 6.84B | 7.14B | 7.78B | 9.69B | 11.50B | 17.40B | 16.41B | 16.45B | 16.38B | 21.35B |
Cash Flows (Annual)
Figures in USD.
| Metric | Dec 2009 | Dec 2010 | Dec 2011 | Dec 2012 | Dec 2013 | Dec 2014 | Dec 2015 | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | 31.42M | 46.65M | 56.47M | 43.95M | 141.34M | 90.31M | 89.54M | 92.90M | 130.91M | 141.84M | 216.52M | 64.64M | 190.22M | 421.20M | 276.99M | 229.92M | 251.16M |
| Investing Cash Flow | 205.18M | -163.78M | -190.77M | -267.94M | -208.60M | -292.67M | -205.54M | -238.89M | -316.77M | -387.51M | 20.16M | -488.21M | -63.14M | -1.00B | -211.65M | -33.01M | 5.05M |
| Financing Cash Flow | -164.80M | 156.51M | 210.52M | 201.96M | 68.11M | 164.30M | 213.51M | 159.32M | 109.88M | 283.01M | -336.16M | 1.57B | 816.96M | -1.31B | -193.95M | -201.35M | 295.80M |
| Capital Expenditure | -6.60M | -7.02M | -8.32M | -6.26M | -9.29M | -7.68M | -10.49M | -10.39M | -25.08M | -11.11M | -16.58M | -12.59M | -25.20M | -22.07M | -15.84M | -20.43M | -12.13M |
| Free Cash Flow | 24.82M | 39.63M | 48.15M | 37.69M | 132.04M | 82.63M | 79.06M | 82.50M | 105.83M | 130.73M | 199.94M | 52.05M | 165.02M | 399.13M | 261.15M | 209.49M | 239.03M |
| Share Buybacks | - | - | - | - | - | - | - | - | - | 0 | 0 | 95.09M | 0 | 139.95M | 188.91M | 30.99M | 60.85M |
Ratios (Annual)
Figures in %.
| Metric | Dec 2009 | Dec 2010 | Dec 2011 | Dec 2012 | Dec 2013 | Dec 2014 | Dec 2015 | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Operating Margin % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Net Margin % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| ROE % | 5.6% | 9.2% | 9.7% | 8.1% | 8.5% | 9.3% | 8.4% | 8.9% | 9.2% | 11.3% | 9.7% | 7.1% | 4.0% | 9.1% | 8.3% | 6.4% | 5.8% |
| ROCE % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Shareholding Pattern
Top Institutional Holders
| # | Holder | % Held | Shares | Value |
|---|---|---|---|---|
| 1 | Blackrock Inc. | 14.78% | 7.14M | $602.85M |
| 2 | Vanguard Portfolio Management LLC | 6.84% | 3.31M | $278.97M |
| 3 | Dimensional Fund Advisors LP | 5.32% | 2.57M | $216.91M |
| 4 | State Street Corporation | 5.18% | 2.50M | $211.12M |
| 5 | Vanguard Capital Management LLC | 4.55% | 2.20M | $185.76M |
| 6 | Rockland Trust Company | 3.04% | 1.47M | $124.11M |
| 7 | Alliancebernstein L.P. | 3.01% | 1.46M | $122.88M |
| 8 | Geode Capital Management, LLC | 2.61% | 1.26M | $106.65M |
| 9 | Deprince, Race & Zollo, Inc. | 2.14% | 1.04M | $87.46M |
| 10 | Citadel Advisors Llc | 2.04% | 985.44K | $83.18M |
Analyst View
Analyst aggregate. Targets and ratings update periodically; not investment advice.
Latest News
Recent headlines for INDB
Seeking Clues to Independent Bank Corp. (INDB) Q2 Earnings? A Peek Into Wall Street Projections for Key Metrics - Yahoo Finance
<a href="https://news.google.com/rss/articles/CBMiogFBVV95cUxNcFlwYkhkcV9UR2o5bkVRT2wtWnpYbzVJcEtJUHZOR09aaHBrMzRMNlZrX3FtZElncTdmNll2SVQ2S3k0dzhsQnR0eFBSNkE5VDBnNEpPRVJFTjVBamQtcUZjcVQycFc0LVVoWXltcFFlY0Y3UWQ0dTBPbENSVjN3M2d5UHBpcFI3MzNLcT…
Top Wall Street Forecasters Revamp Independent Bank Expectations Ahead Of Q2 Earnings - Benzinga
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Independent Bank’s next update lands July 16, with a webcast July 17 - Stock Titan
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Independent Bank (INDB) Nears Earnings With Rising Estimates, Is The 8% Undervalued View Enough? - simplywall.st
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INDB — Frequently Asked Questions
What is the current share price of Independent Bank Corp. (INDB)?
As of 2026-07-14 21:23 PDT, Independent Bank Corp. (INDB) trades at $84.19 on NasdaqGS. Its 52-week range is $60.08 to $85.00.
What is the market capitalisation of INDB?
Independent Bank Corp. (INDB) has a market capitalisation of $4.06B on NasdaqGS.
What is the P/E ratio of INDB?
INDB trades at a trailing price-to-earnings (P/E) ratio of 16.74. The industry average P/E is 13.30. Its price-to-book (P/B) ratio is 1.14.
Does INDB pay a dividend?
Independent Bank Corp. (INDB) currently offers a dividend yield of 3.07%.
What is the return on equity (ROE) of INDB?
INDB has a return on equity (ROE) of 7.32%.
Is INDB a good stock to buy?
This page provides a data-driven analysis of Independent Bank Corp. (INDB), including valuation ratios, profitability, growth trends, auto-generated pros and cons, peer comparison and AI exposure. Review these fundamentals alongside your own research and risk tolerance. This is informational content, not investment advice.