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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

1D chart

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Key statistics

Market cap
3.92B
Enterprise value
3.90B
Trailing P/E
12.19
Forward P/E
9.91
PEG ratio
11.00
Price / sales
3.92
Price / book
1.13
EPS (TTM)
6.79
Beta
0.80
Dividend yield
3.06%
Payout ratio
44.09%
Profit margin
32.72%
Revenue (TTM)
998.92M
Revenue growth
24.50%
Free cash flow
0
Total cash
659.38M
Total debt
627.15M
Return on equity
9.34%
Shares outstanding
47.37M
Short % of float
6.53%
50-day average
81.06
200-day average
80.60

Analyst view

Consensus: buy

Buy
Price target (mean) 94.00 +13.6% upside
Target (low)
82.00
Target (mean)
94.00
Target (high)
103.00
Ratings (0m) 7 5 buy · 1 hold · 1 sell
  • Strong buy1
  • Buy4
  • Hold1
  • Sell0
  • Strong sell1

Next earnings

Jan 28, 2027

Expected Jan 28, 2027. Consensus EPS estimate 1.96.

Earnings history

Financials — quick view

All financials
INDB Revenue — quarterly 247.07M
2022-Q3 20222022-Q4 20222023-Q1 20232023-Q2 20232023-Q3 20232023-Q4 20232024-Q1 20242024-Q2 20242024-Q3 20242024-Q4 20242025-Q1 20252025-Q2 20252025-Q3 20252025-Q4 20252026-Q1 20262026-Q2 2026
INDB Net income — quarterly 81.84M
2022-Q3 20222022-Q4 20222023-Q1 20232023-Q2 20232023-Q3 20232023-Q4 20232024-Q1 20242024-Q2 20242024-Q3 20242024-Q4 20242025-Q1 20252025-Q2 20252025-Q3 20252025-Q4 20252026-Q1 20262026-Q2 2026
INDB EPS — quarterly 1.70
2022-Q3 20222022-Q4 20222023-Q1 20232023-Q2 20232023-Q3 20232023-Q4 20232024-Q1 20242024-Q2 20242024-Q3 20242024-Q4 20242025-Q1 20252025-Q2 20252025-Q3 20252025-Q4 20252026-Q1 20262026-Q2 2026

Earnings

INDB recent earnings
Report dateQuarter endingEPS estimateEPS reportedSurpriseSurprise %
Jan 28, 2027Dec 30, 20261.98———
Oct 15, 2026Sep 30, 20261.851.90+0.05+2.70%
Jul 16, 2026Jun 30, 20261.791.70-0.09-5.03%
Apr 16, 2026Mar 31, 20261.661.68+0.02+1.20%
Jan 22, 2026Dec 31, 20251.651.70+0.05+3.03%
Oct 16, 2025Sep 30, 20251.541.55+0.01+0.65%

Upgrades / downgrades

INDB analyst upgrades and downgrades
DateFirmActionFromTo
Jul 20, 2026Keefe, Bruyette & WoodsmainOutperformOutperform
Jun 26, 2026Piper SandlermainNeutralNeutral
May 15, 2026Hovde Groupinit—Outperform
Apr 20, 2026Keefe, Bruyette & WoodsmainOutperformOutperform
Apr 16, 2026Stephens & Co.init—Overweight
Apr 7, 2026BarclaysmainUnderweightUnderweight

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.

Sector
Financial Services
Industry
Banks - Regional
Country
United States

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Insider holders

INDB insider holders
InsiderRelationLatest transactionDateShares held
ANSIN KENNETH SDirectorStock Award(Grant)May 18, 2026283,217
HARRIS MARIA SOfficerStock Award(Grant)Mar 11, 202616,627
LERNER JOSEPH C.DirectorStock Award(Grant)May 18, 202623,997
NADEAU GERARD FDirectorSaleAug 2, 202617,457
O BRIEN DANIEL FDirectorStock Award(Grant)May 18, 202623,712
O'DAY SUSAN PERRYDirectorStock Award(Grant)May 18, 2026106,608

Institution ownership

INDB institution ownership
Holder% heldSharesValueReported
Blackrock Inc.15.00%6,979,611577.49MJun 29, 2026
Vanguard Portfolio Management LLC7.03%3,273,358270.84MJun 29, 2026
State Street Corporation5.69%2,645,824218.92MJun 29, 2026
Dimensional Fund Advisors LP5.66%2,633,640217.91MJun 29, 2026
Vanguard Capital Management LLC4.67%2,171,265179.65MJun 29, 2026
Geode Capital Management, LLC3.10%1,440,396119.18MJun 29, 2026

Fund ownership

INDB fund ownership
Holder% heldSharesValueReported
iShares Trust-iShares Core S&P Small-Cap ETF6.09%2,835,693234.63MSep 29, 2026
VANGUARD INDEX FUNDS-Vanguard Total Stock Market Index Fund3.30%1,535,475127.05MJun 29, 2026
iShares Trust-iShares Russell 2000 ETF2.56%1,192,17398.64MSep 29, 2026
VANGUARD INDEX FUNDS-Vanguard Small-Cap Index Fund2.38%1,109,14791.77MJun 29, 2026
VANGUARD INDEX FUNDS-Vanguard Small-Cap Value Index Fund1.51%702,08458.09MJun 29, 2026
Delaware Group Equity Funds V-Nomura Small Cap Core Fund1.48%689,13657.02MMay 30, 2026
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