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INDB stock logo

INDB

Independent Bank Corp.

$76.78
0.57
 (0.75%)
Exchange:  NASDAQ
Market Cap:  3.761B
Shares Outstanding:  4M
Overview
Earnings
Financials
Valuation
Chart

About The Company

Sector:  Financial Services
Industry:  Banks – Regional
   
CEO:  Jeffrey J. Tengel
Full Time Employees:  1837
Address: 
288 Union Street
Rockland
MA
2370
US
Website:  https://www.rocklandtrust.com
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 primarily in Massachusetts. The company accepts interest checking, money market, and savings accounts, as well as demand deposits and time certificates of deposit. It also offers commercial and industrial, commercial real estate and construction, small business, consumer real estate, and personal loans. In addition, the company provides investment management and trust services to individuals, institutions, small businesses, and charitable institutions; Internet and mobile banking services, as well as estate settlement, financial planning, tax services, and other services; automated teller machine and debit cards; and mutual fund and unit investment trust shares, general securities, fixed and variable annuities, and life insurance products. As of December 31, 2021, it operates one hundred nineteen retail branches, two limited-service retail branches, and one mobile branch located within Barnstable, Bristol, Dukes, Essex, Middlesex, Nantucket, Norfolk, Plymouth, Suffolk, and Worcester counties in Eastern Massachusetts. The company was founded in 1907 and is headquartered in Rockland, Massachusetts.

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Revenue Segmentation

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EPS

Historical EPS and analyst estimates in one chart. Log in for the full interactive view and links to detailed estimates.

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Earnings Call

Full text

Earnings transcript

Read the complete earnings call transcript.

AI summary

Key takeaways

Short, structured highlights from the call so you can focus on what matters.

2026/01/23 — 4 quarter 2025

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Income Statement
Balance Sheet
Cash Flow Statement
Analyst Estimates

Income Statement

Year202320242025
Revenue911,332974,1371,167,171
Gross Profit698,877646,863792,883
EBITDA351,236288,016306,230
Operating Income315,134247,127266,920
Net Income239,502192,081205,122

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(* All numbers are in thousands)

Balance Sheet

Year202320242025
Total Assets19,347,37319,373,56524,912,896
Total Liabilities16,452,12216,380,44521,347,168
Total Stockholders Equity2,895,2512,993,1203,565,728
Total Debt1,218,379701,374825,847
Cash and Cash Equivalents224,330219,890229,770

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(* All numbers are in thousands)

Cash Flow Statement

Year202320242025
Operating Cash Flow276,994229,921138,194
Capital Expenditure-15,844-20,4350
Free Cash Flow261,150209,486138,194
Net Income239,502192,081205,122
Net Change in Cash-128,603-4,44014,212

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(* All numbers are in thousands)

Analyst Estimates

Fiscal Year2027Full AccessFull AccessFull AccessFull Access
Estimated Revenue (Low)1,096,736.666Full AccessFull AccessFull AccessFull Access
Estimated Revenue (High)1,116,677.333Full AccessFull AccessFull AccessFull Access
Estimated Revenue (Avg)1,106,707Full AccessFull AccessFull AccessFull Access
Estimated Ebitda (Low)400,575.746Full AccessFull AccessFull AccessFull Access
Estimated Ebitda (High)407,858.942Full AccessFull AccessFull AccessFull Access
Estimated Ebitda (Avg)404,217.344Full AccessFull AccessFull AccessFull Access
Estimated Net Income (Low)402,455.895Full AccessFull AccessFull AccessFull Access
Estimated Net Income (High)421,069.884Full AccessFull AccessFull AccessFull Access
Estimated Net Income (Avg)411,762.890Full AccessFull AccessFull AccessFull Access
Estimated SGA Expense (Low)304,336.855Full AccessFull AccessFull AccessFull Access
Estimated SGA Expense (High)309,870.252Full AccessFull AccessFull AccessFull Access
Estimated SGA Expense (Avg)307,103.554Full AccessFull AccessFull AccessFull Access
Estimated EPS (Avg)8.300Full AccessFull AccessFull AccessFull Access
Estimated EPS (High)8.510Full AccessFull AccessFull AccessFull Access
Estimated EPS (Low)8.130Full AccessFull AccessFull AccessFull Access
Number of Analysts (Estimated Revenue)2Full AccessFull AccessFull AccessFull Access
Number of Analysts (Estimated EPS)4Full AccessFull AccessFull AccessFull Access

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(* All numbers are in thousands)

Current Key Metrics

?Revenue
 (TTM)
: 
978.495M  ?P/S
 (TTM)
: 
3.22
?Net Income
 (TTM)
: 
192.081M  ?P/E
 (TTM)
: 
18.51
?Enterprise Value
 (TTM)
: 
4.357B  ?EV/FCF
 (TTM)
: 
17.59
?Dividend Yield
 (TTM)
: 
0.03  ?Payout Ratio
 (TTM)
: 
0.51
?ROE
 (TTM)
: 
0.06  ?ROIC
 (TTM)
: 
-0.02
?Net Debt
 (TTM)
: 
570.056M  ?Debt/Equity
 (TTM)
: 
0.23
?P/B
 (TTM)
: 
1.06  ?Current Ratio
 (TTM)
: 
0.02

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Forward P/E Ratios

?

Forward P/E (Avg EPS estimate) — log in with Full Access for high/low estimates and the interactive table.

Forward P/E 1YFull AccessFull AccessFull AccessFull Access
10.49Full AccessFull AccessFull AccessFull Access

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SWOT Analysis

Strengths (preview)
  • Solid Financial Performance: INDB reported a GAAP net income of $51.1 million in Q2 2025, reflecting strong profitability. Diluted EPS and other key metrics indicate consistent operational efficiency, supported by positive trends in revenue and net income from historical income statements.
  • Stable Cash Flow Generation: Free cash flow yield (TTM) and operating cash flow from cash flow statements demonstrate robust liquidity, enabling the company to fund operations and dividends without excessive reliance on external financing.
  • Strong Balance Sheet Metrics: A favorable current ratio (TTM) and quick ratio (TTM) indicate good short-term financial health, while total assets and stockholders' equity from the balance sheet reflect a solid capital base to support growth initiatives.

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At what price to buy it? -
Intrinsic Value Calculator

Based on current fundamentals and analyst forecasts, MARKETSnap estimates INDB intrinsic value between $72.51 – $81.72 per share. This depends on revenue growth, margins, and discount rate.

This is an automatic estimate. The most reliable way to know fair value for your own assumptions is to run the calculator below.


Calculate INDB Intrinsic Value

Common questions about INDB valuation

Is Independent Bank Corp. (INDB) overvalued or undervalued right now?

MARKETSnap estimates intrinsic value for Independent Bank Corp. (INDB) using its proprietary valuation methodology, which incorporates discounted cash flow (DCF) analysis together with long-term earnings and fundamentals assumptions. By comparing intrinsic value to the current market price, long-term investors can see whether the stock screens as potentially overvalued, fairly valued, or undervalued today.

Is INDB a buy, hold, or sell for long-term investors?

MARKETSnap does not give one-word “buy” or “sell” calls. Instead, it shows whether INDB trades at a premium or discount to its estimated intrinsic value, how sensitive that value is to growth and margin assumptions, and how the stock fits into a diversified, long-term portfolio so investors can make their own buy, hold, or sell decision.

What is INDB’s P/E ratio?

You can see INDB’s trailing P/E (TTM) and forward P/E estimates in the Current Key Metrics and Forward P/E Ratios sections above. The P/E ratio compares the current share price to earnings per share and helps investors gauge valuation relative to earnings.

How is intrinsic value calculated for INDB?

MARKETSnap uses its own valuation framework—not a generic spreadsheet DCF alone. Future cash flows and earnings are projected, discounted, and combined with MARKETSnap’s methodology so intrinsic value reflects fundamentals and long-term assumptions. You can run your own inputs and see the result using the Intrinsic Value Calculator above.

Is INDB a good long-term investment?

Whether INDB fits a long-term portfolio depends on your assumptions about growth, margins, and risk. MARKETSnap provides the metrics, intrinsic value calculator, and SWOT context so you can form your own view rather than rely on a single buy/sell rating.

INDB

1-day price chart preview. Log in for 1W through 5Y ranges and period tabs.

0.75
MARKETSnap

Trading Metrics:

Open: 75.15   Previous Close: 76.21
Day Low: 74.71   Day High: 76.86
Year Low: 52.15   Year High: 87
Price Avg 50: 79.09   Price Avg 200: 71.96
Volume: 240599   Average Volume: 331025

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INDB full analysis

17/10/2025

Welcome to MARKETSNAP’s SWOT analysis for Independent Bank Corp, often referred to by its ticker INDB. If you’re a long-term investor looking to build wealth, stick around as we dive into what makes this regional bank tick, unpack its recent performance, and break down the strengths, weaknesses, opportunities, and threats that could shape its future. Let’s get started with a quick overview of who they are and where they stand in the market. Independent Bank Corp is a solid player…

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See in Nexus

Relevant news

Independent Bank Corp. Announces Schedule of First Quarter 2026 Earnings Release and Conference Call
06-04-2026 16:10
Independent Bank Corp. Announces Schedule of First Quarter 2026 Earnings Release and Conference Call
This is Why Independent Bank Corp. (INDB) is a Great Dividend Stock
31-03-2026 12:47
This is Why Independent Bank Corp. (INDB) is a Great Dividend Stock
Independent Bank Corp. Announces 8.5% Increase in Quarterly Dividend
19-03-2026 16:10
Independent Bank Corp. Announces 8.5% Increase in Quarterly Dividend
What Makes Independent Bank Corp. (INDB) a Strong Momentum Stock: Buy Now?
27-01-2026 13:01
What Makes Independent Bank Corp. (INDB) a Strong Momentum Stock: Buy Now?
Independent Bank: A Strong Bounce-Back Quarter
23-01-2026 14:53
Independent Bank: A Strong Bounce-Back Quarter
Independent Bank Corp. (INDB) Q4 2025 Earnings Call Transcript
23-01-2026 14:34
Independent Bank Corp. (INDB) Q4 2025 Earnings Call Transcript

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