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StockVS

NASDAQ · Banks - Regional · USD

Independent Bank Corp. (INDB) Stock Analysis

Independent Bank Corp. (INDB) is a Banks - Regional stock listed on NASDAQ and quoted in US Dollar.

Last Updated: October 21, 2026

INDB

$81.30

+$0.42 (+0.52%)

Oct 21, 2026 · Market close

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Price History

Hover for the daily close. The dotted line marks the period open.

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INDB Key Statistics

As of Oct 21, 2026
Trading
Open
$81.24
Previous Close
$80.88
Day's Range
80.44–81.38
52-Week Range
65.45–87.50
Volume
486.44K
BetaHow much the share price moves relative to the wider market. 1.0 moves in line with it; above 1.0 swings more, below 1.0 less.
0.80
Valuation
Market Cap
$3.85B
P/E Ratio
11.97
Forward P/EShare price divided by forecast earnings for the year ahead, rather than the year just past.
9.74
PEG RatioThe P/E ratio divided by the expected earnings growth rate. It puts a high P/E in the context of how fast profits are growing.
11.00
P/S ratioMarket value divided by annual revenue. Useful for companies that are not yet profitable, where a P/E cannot be calculated.
3.86
EPS (ttm)Profit attributable to each share over the last twelve months.
6.79
Financials (FY)
Revenue (FY)
$849.03M+24.29%
Net Income (FY)
$205.12M+6.79%
Profit marginThe share of revenue left as profit after all costs and taxes.
32.72%
Shares OutstandingThe total number of shares held by all investors. Market value is this figure multiplied by the share price.
47.37M
1-Year Return
+20.82%
Dividend and dates
Dividend
$2.56+3.16%
Ex-Dividend Date
September 28, 2026
Avg Volume
372.56K

Only metrics the company reports are shown. Data provided by Yahoo Finance via yfinance. Updated daily.

Key facts

As of October 21, 2026, INDB closed at $81.30, +20.82% over 1 year.

Independent Bank Corp. (INDB) has a market capitalization of $3.85B.

In fiscal 2025, INDB reported revenue of $849.03M.

INDB Stock Return by Calendar Year

Independent Bank Corp. (INDB) 10-year return: what $10,000 became

1 year
$10,000 $12,082
+20.82%
5 years
$10,000 $11,482
+14.82%
10 years
$10,000 $20,110
+101.10%

If you had invested $10,000 in Independent Bank Corp. (INDB) 10 years ago, at the close on October 21, 2016, it would have been worth $20,110 at the close on October 21, 2026: +101.10% in total, +7.24% a year, with dividends reinvested. A historical calculation from closing prices adjusted for splits and dividends, before fees and taxes.

Calendar-year returns computed from daily closing prices. Partial years are shown muted and marked with an asterisk.

YearReturn
2026 (partial year)+13.07%
2025+17.89%
2024+1.60%
2023−18.86%
2022+6.25%
2021+14.36%
2020−9.62%
2019+21.11%
2018+2.71%
2017+1.51%
2016 (partial year)+39.33%

As of October 21, 2026.

INDB Revenue and Earnings by Fiscal Year

FY ends December
Fiscal yearRevenueNet incomeNet margin
2025$849.03M$205.12M24.2%
2024$683.11M$192.08M28.1%
2023$722.13M$239.50M33.2%
2022$720.25M$263.81M36.6%
Fiscal yearRevenueGross profitOperating incomeNet incomeNet margin
2025$849.03M——$205.12M24.2%
2024$683.11M——$192.08M28.1%
2023$722.13M——$239.50M33.2%
2022$720.25M——$263.81M36.6%

Annual figures as reported, in the company's reporting currency. As of December 31, 2025.

INDB Dividend History

$2.36+3.5% vs 2024

Dividends per share, 2025 · 4 payments

YearDividends per sharePaymentsChange
2026*$1.282—
2025$2.364+3.5%
2024$2.284+3.6%
2023$2.204+5.8%
YearDividends per sharePaymentsChange
2026 (partial year)$1.282—
2025$2.364+3.5%
2024$2.284+3.6%
2023$2.204+5.8%
2022$2.084+8.3%
2021$1.924+4.3%
2020$1.844+4.5%
2019$1.764+15.8%
2018$1.524−5.0%
2017$1.605+451.7%
2016$0.291—

Most recent payment: $0.64 per share, ex-dividend June 29, 2026. Per-share amounts summed by calendar year from ex-dividend dates. Partial years are shown muted and marked with an asterisk.

INDB Valuation vs Banks - Regional Median

Median of 326 stocks
MetricINDBBanks - Regional medianvs median
P/E11.9712.030% below
P/S ratio3.863.588% above
Profit margin32.72%29.44%3.3 pts above

Medians across 326 Banks - Regional stocks that report the metric. Medians, not averages, so one outlier cannot move them. As of October 21, 2026.

Recent News

All 20 articles ↓

News provided by third-party sources. Not financial advice.

Analysis

Data-derived

Company Overview

Independent Bank Corp. (INDB) carries a market capitalisation of $3.85B. It is classified in the Banks - Regional industry, within the Financial Services sector. Headcount on file is 2,294.

Over the past 52 weeks the price has ranged from $65.45 to $87.50. The most recent close on file for INDB is $81.30, dated October 21, 2026. That is +$0.42 (+0.52%) against the previous close. The latest close sits 24.22% above that 52-week low.

Financial Health

The most recent full year on file, fiscal 2025, shows revenue of $849.03M. That is +24.29% against the prior fiscal year, when revenue was $683.11M. Net income for the same year was $205.12M. That is +6.79% against the prior fiscal year. Profit margin runs at 32.72%. That is 3.3 percentage points above the Banks - Regional median of 29.44%. Earnings per share on a trailing basis come to 6.79.

Across the 4 fiscal years on file, revenue moves from $720.25M in 2022 to $849.03M in 2025. Of those 4 years, 4 report positive net income.

Valuation Assessment

The trailing P/E ratio stands at 11.97. That is 0.5% below the Banks - Regional median of 12.03. The forward P/E on file is 9.74. The PEG ratio, which sets the P/E against expected earnings growth, reads 11. Measured against sales, the shares trade at 3.86 times revenue. On price-to-sales that is 7.73% above the Banks - Regional median of 3.58. The medians here are taken across 326 Banks - Regional companies that report the metric.

Beta against the wider market is reported at 0.8. Daily returns over the trailing 10 years annualize to a volatility of 33.07%. Over the trailing twelve months the total return is +20.82%. Across 10 years the annualized return works out at +7.24%.

Growth & Income

The trailing dividend yield is 3.16%. That is 0.5 percentage points above the Banks - Regional median yield of 2.68%. At the indicated rate that is $2.56 a share a year. The ex-dividend date on file is September 28, 2026. Dividends are recorded for 11 calendar years; 2026 shows 2 payments totalling $1.28 a share. The year before, 2025, totalled $2.36 a share.

2026 is still running; the total return is +13.07% year to date. The strongest complete calendar year on file is 2019 at +21.11%; the weakest is 2023 at −18.86%. Of the 9 complete calendar years on file, 7 finished higher.

Peer Comparison

Independent Bank Corp. (INDB) operates in the Banks - Regional industry. Here is how it compares to its closest peers by market capitalization:

Company Ticker Market Cap P/E Ratio
Independent Bank Corp. INDB $3.85B 12.0
Mizuho Financial Group, Inc. MFG $120.84B 13.7
HDFC Bank Limited HDB $116.51B 14.6
Itaú Unibanco Holding S.A. ITUB $106.91B 12.4

The Banks - Regional industry average P/E ratio is 12.0x. Independent Bank Corp. trades at a P/E of 12.0.

Every figure above is read from this page's own data on each daily rebuild. Informational only, not financial advice. As of October 21, 2026.

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About Independent Bank Corp.

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.

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