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Independent Bank Corp. INDB

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Price alert · INDB

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82.74 USD -0.97 -1.16%

At close · Oct 30

82.74 0.00 0.00%

After hours · Oct 30, 4:00 PM ET

Bid
82.67 × 2
Ask
82.75 × 2
82.42 Day range 84.26
66.46 52-week range 87.17
YTD
+13.22%
1 year
+23.18%
Open
84.15
Prev close
83.71
Mkt cap
3.92B
Vol
260.18K
Avg vol
378.27K
EPS
6.79
P/E
12.19
Div yield
3.06%
More statistics
Low
82.42
High
84.26
Forward P/E
9.91
Beta
0.80
Short ratio
4.82
Inst. own
88.04%
Dividend
2.56
Ex-div date
Sep 27, 2026
Earnings
Jan 28, 2027
50-d avg
81.06
200-d avg
80.60
1y target
94.00

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Financial health

Altman Z-Score

-0.50 Distress zone

Bankruptcy-risk model: below 1.81 distress, above 2.99 safe.

Piotroski F-Score

7 / 9 Strong

Nine pass/fail tests of profitability, leverage and efficiency.

FMP rating

A-4 / 5 overall

  • DCF 3
  • Return on Equity 3
  • Return on Assets 4
  • Debt / Equity 4
  • P/E 3
  • P/B 3

Valuation

P/E 16.4×
FY 2016: 24.3×FY 2017: 21.9×FY 2018: 15.9×FY 2019: 16.6×FY 2020: 20.1×FY 2021: 23.5×FY 2022: 14.8×FY 2023: 12.1×FY 2024: 14.2×FY 2025: 16.4×
FY 2016 5y median 14.8× FY 2025
P/S 3.1×
FY 2016: 5.7×FY 2017: 5.3×FY 2018: 4.7×FY 2019: 4.9×FY 2020: 4.8×FY 2021: 5.5×FY 2022: 5.2×FY 2023: 3.2×FY 2024: 2.8×FY 2025: 3.1×
FY 2016 5y median 3.2× FY 2025
P/B 1.0×
FY 2016: 2.2×FY 2017: 2.0×FY 2018: 1.8×FY 2019: 1.6×FY 2020: 1.4×FY 2021: 0.9×FY 2022: 1.4×FY 2023: 1.0×FY 2024: 0.9×FY 2025: 1.0×
FY 2016 5y median 1.0× FY 2025
P/FCF 15.1×
FY 2016: 22.4×FY 2017: 18.0×FY 2018: 14.8×FY 2019: 13.7×FY 2020: 46.7×FY 2021: 17.2×FY 2022: 9.8×FY 2023: 11.1×FY 2024: 13.0×FY 2025: 15.1×
FY 2016 5y median 13.0× FY 2025
EV/EBITDA 13.9×
FY 2016: 15.1×FY 2017: 13.4×FY 2018: 12.2×FY 2019: 12.1×FY 2020: 7.3×FY 2021: 4.0×FY 2022: 9.5×FY 2023: 11.1×FY 2024: 11.1×FY 2025: 13.9×
FY 2016 5y median 11.1× FY 2025
EV/Sales 3.7×
FY 2016: 5.8×FY 2017: 5.7×FY 2018: 5.1×FY 2019: 5.2×FY 2020: 2.6×FY 2021: 1.5×FY 2022: 4.9×FY 2023: 4.3×FY 2024: 3.3×FY 2025: 3.7×
FY 2016 5y median 3.7× FY 2025
FCF Yield 6.6%
FY 2016: 4.5%FY 2017: 5.6%FY 2018: 6.7%FY 2019: 7.3%FY 2020: 2.1%FY 2021: 5.8%FY 2022: 10.2%FY 2023: 9.0%FY 2024: 7.7%FY 2025: 6.6%
FY 2016 5y median 7.7% FY 2025

Profitability

Gross Margin 67.9%
FY 2016: 92.4%FY 2017: 94.0%FY 2018: 92.6%FY 2019: 89.2%FY 2020: 82.9%FY 2021: 93.8%FY 2022: 95.2%FY 2023: 76.7%FY 2024: 66.4%FY 2025: 67.9%
FY 2016 5y median 76.7% FY 2025
Operating Margin 22.9%
FY 2016: 34.4%FY 2017: 37.7%FY 2018: 37.8%FY 2019: 39.2%FY 2020: 30.1%FY 2021: 30.4%FY 2022: 46.4%FY 2023: 34.6%FY 2024: 25.4%FY 2025: 22.9%
FY 2016 5y median 30.4% FY 2025
Net Margin 17.6%
FY 2016: 23.5%FY 2017: 24.4%FY 2018: 29.5%FY 2019: 29.7%FY 2020: 23.9%FY 2021: 23.4%FY 2022: 35.2%FY 2023: 26.3%FY 2024: 19.7%FY 2025: 17.6%
FY 2016 5y median 23.4% FY 2025
ROE 5.8%
FY 2016: 8.9%FY 2017: 9.2%FY 2018: 11.3%FY 2019: 9.7%FY 2020: 7.1%FY 2021: 4.0%FY 2022: 9.1%FY 2023: 8.3%FY 2024: 6.4%FY 2025: 5.8%
FY 2016 5y median 6.4% FY 2025
ROIC 0.8%
FY 2016: 5.9%FY 2017: 6.4%FY 2018: 8.5%FY 2019: 7.3%FY 2020: 5.5%FY 2021: 3.5%FY 2022: 7.7%FY 2023: 5.3%FY 2024: 4.7%FY 2025: 0.8%
FY 2016 5y median 4.7% FY 2025
ROA 0.8%
FY 2016: 1.0%FY 2017: 1.1%FY 2018: 1.4%FY 2019: 1.4%FY 2020: 0.9%FY 2021: 0.6%FY 2022: 1.4%FY 2023: 1.2%FY 2024: 1.0%FY 2025: 0.8%
FY 2016 5y median 1.0% FY 2025

Growth (YoY)

Revenue 19.8%
FY 2016: 6.0%FY 2017: 9.4%FY 2018: 15.5%FY 2019: 35.0%FY 2020: -8.8%FY 2021: 1.7%FY 2022: 45.3%FY 2023: 21.5%FY 2024: 6.9%FY 2025: 19.8%
FY 2016 FY 2025
Operating Income 8.0%
FY 2016: 21.6%FY 2017: 20.0%FY 2018: 15.9%FY 2019: 39.9%FY 2020: -29.9%FY 2021: 2.5%FY 2022: 122.0%FY 2023: -9.4%FY 2024: -21.6%FY 2025: 8.0%
FY 2016 FY 2025
EPS (diluted) -1.5%
FY 2016: 16.0%FY 2017: 10.0%FY 2018: 37.9%FY 2019: 14.3%FY 2020: -27.6%FY 2021: -4.7%FY 2022: 64.0%FY 2023: -4.7%FY 2024: -16.6%FY 2025: -1.5%
FY 2016 FY 2025
Free Cash Flow 14.3%
FY 2016: 4.9%FY 2017: 27.6%FY 2018: 23.5%FY 2019: 52.9%FY 2020: -74.0%FY 2021: 217.0%FY 2022: 141.9%FY 2023: -34.6%FY 2024: -19.8%FY 2025: 14.3%
FY 2016 FY 2025

Financial Health

Current Ratio 0.6×
FY 2016: 0.1×FY 2017: 0.1×FY 2018: 0.1×FY 2019: 0.1×FY 2020: 0.2×FY 2021: 0.2×FY 2022: 0.1×FY 2023: 0.1×FY 2024: 0.0×FY 2025: 0.6×
FY 2016 5y median 0.1× FY 2025
Quick Ratio 0.6×
FY 2016: 0.1×FY 2017: 0.1×FY 2018: 0.1×FY 2019: 0.1×FY 2020: 0.2×FY 2021: 0.2×FY 2022: 0.1×FY 2023: 0.1×FY 2024: 0.0×FY 2025: 0.6×
FY 2016 5y median 0.1× FY 2025
Debt / Equity 0.3×
FY 2016: 0.4×FY 2017: 0.3×FY 2018: 0.4×FY 2019: 0.2×FY 2020: 0.1×FY 2021: 0.1×FY 2022: 0.0×FY 2023: 0.4×FY 2024: 0.2×FY 2025: 0.3×
FY 2016 5y median 0.2× FY 2025
Net Debt / EBITDA 2.2×
FY 2016: 0.4×FY 2017: 0.7×FY 2018: 0.9×FY 2019: 0.6×FY 2020: -6.2×FY 2021: -11.0×FY 2022: -0.6×FY 2023: 2.8×FY 2024: 1.7×FY 2025: 2.2×
FY 2016 5y median 1.7× FY 2025
Interest Coverage 0.9×
FY 2016: 6.0×FY 2017: 7.3×FY 2018: 6.1×FY 2019: 4.0×FY 2020: 4.5×FY 2021: 11.4×FY 2022: 11.8×FY 2023: 1.7×FY 2024: 0.8×FY 2025: 0.9×
FY 2016 5y median 1.7× FY 2025

Dividends

Dividend Yield 2.9%
FY 2016: 1.6%FY 2017: 1.8%FY 2018: 2.1%FY 2019: 2.0%FY 2020: 2.5%FY 2021: 2.2%FY 2022: 2.4%FY 2023: 3.4%FY 2024: 3.5%FY 2025: 2.9%
FY 2016 5y median 2.9% FY 2025
Payout Ratio 50.7%
FY 2016: 38.8%FY 2017: 39.0%FY 2018: 33.0%FY 2019: 32.3%FY 2020: 50.2%FY 2021: 51.9%FY 2022: 35.5%FY 2023: 40.9%FY 2024: 50.1%FY 2025: 50.7%
FY 2016 5y median 50.1% FY 2025

Annual · latest fiscal year ends 2025-12-31