INDB
Independent Bank Corp.
Price Chart
Latest Quote
$84.69
+0.85 (+1.01%)
Current Price
| Previous Close | $83.84 |
| Open | $83.86 |
| Day High | $85.20 |
| Day Low | $83.84 |
| Volume | 159,470 |
Stock Information
| Quarterly Dividend / Yield | $2.46 / 2.97% |
| Shares Outstanding | 48.25M |
| Quarterly Dividend Yield | 2.97% |
| Quarterly Dividend | $2.46 |
| Total Debt | $828.36M |
| Cash Equivalents | $755.69M |
| Revenue | $876.23M |
| Net Income | $240.62M |
| Sector | Financial Services |
| Industry | Banks - Regional |
| Market Cap | $4.09B |
| P/E Ratio | 16.84 |
| EPS (TTM) | $5.03 |
| Exchange | NMS |
đ Comprehensive Analysis
Company Data
| Enterprise Value | $4.13B |
| Sales | $876.23M |
| Income | $240.62M |
| Book/sh | $72.92 |
| Cash/sh | $15.66 |
| Employees | 2K |
Financial Ratios
| EPS Growth TTM | 79.90% |
Returns & Margins
| ROA | 1.08% |
| ROE | 7.32% |
| Operating Margin | 47.55% |
| Profit Margin | 27.46% |
Ownership
| Insider Ownership | 1.64% |
| Institutional Ownership | 88.71% |
| Insider & Institutional transactions data not available | |
Valuation Ratios
| Forward P/E | 10.14 |
| PEG | 11.00 |
| P/S | 4.66 |
| P/B | 1.16 |
Analyst Data
| Recommendation | none |
| Target Price | $90.57 |
Technical Indicators
| SMA20 | $80.79 |
| SMA50 | $79.11 |
| SMA200 | $74.90 |
| RSI | 76.26 |
| ATR | 1.6014 |
| Shares Float | 47.71M |
| Short Float | 5.97% |
| Short Ratio | 6.80 |
| Volatility | 0.80 |
| Rel Volume | 0.45 |
Performance History
| Week | +4.47% |
| Month | +5.98% |
| Quarter | +13.98% |
| 6 Months | +11.55% |
| YTD | +16.73% |
| Year | +39.75% |
| 3 Years | +95.59% |
| 5 Years | +27.56% |
| 10 Years | +163.04% |
Stock Score:
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Recent Price History
| Date | Close | Volume |
|---|---|---|
| 2026-06-25 | $84.69 | 159,470 |
| 2026-06-24 | $83.84 | 449,800 |
| 2026-06-23 | $82.96 | 412,100 |
| 2026-06-22 | $81.40 | 334,100 |
| 2026-06-18 | $81.05 | 1,202,800 |
| 2026-06-17 | $81.07 | 381,000 |
| 2026-06-16 | $82.40 | 384,600 |
| 2026-06-15 | $82.05 | 267,900 |
| 2026-06-12 | $83.27 | 413,600 |
| 2026-06-11 | $81.79 | 217,700 |
| 2026-06-10 | $81.33 | 276,700 |
| 2026-06-09 | $80.61 | 238,400 |
| 2026-06-08 | $79.45 | 183,200 |
| 2026-06-05 | $79.57 | 217,400 |
| 2026-06-04 | $78.74 | 325,000 |
| 2026-06-03 | $76.74 | 288,100 |
| 2026-06-02 | $79.12 | 303,700 |
| 2026-06-01 | $77.55 | 534,800 |
| 2026-05-29 | $79.08 | 304,300 |
| 2026-05-28 | $79.09 | 251,700 |
| 2026-05-27 | $78.92 | 248,700 |
| 2026-05-26 | $79.91 | 298,300 |
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.
đ° Latest News
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Period:
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Income Statement (Annual)
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Revenue | ||||
| Total Revenue | $849,028,000 | $683,113,000 | $722,127,000 | $720,246,000 |
| Operating Revenue | $849,028,000 | $683,113,000 | $722,127,000 | $720,246,000 |
| Expenses | ||||
| Interest Expense | $313,569,000 | $291,024,000 | $189,205,000 | $29,591,000 |
| General And Administrative Expense | $299,999,000 | $244,545,000 | $234,088,000 | $211,662,000 |
| Professional Expense And Contract Services Expense | $6,613,000 | $7,125,000 | $8,954,000 | $9,617,000 |
| Other Non Interest Expense | $100,636,000 | $88,187,000 | $83,241,000 | $80,117,000 |
| Selling And Marketing Expense | - | - | - | - |
| Income & Earnings | ||||
| Net Income From Continuing Operation Net Minority Interest | $205,122,000 | $192,081,000 | $239,502,000 | $263,813,000 |
| Net Interest Income | $708,831,000 | $561,729,000 | $606,521,000 | $613,249,000 |
| Interest Income | $1,022,400,000 | $852,753,000 | $795,726,000 | $642,840,000 |
| Normalized Income | $236,132,424 | $193,559,425 | $239,502,000 | $269,199,060 |
| Net Income From Continuing And Discontinued Operation | $205,122,000 | $192,081,000 | $239,502,000 | $263,813,000 |
| Net Income Common Stockholders | $205,122,000 | $192,081,000 | $239,502,000 | $263,813,000 |
| Net Income | $205,122,000 | $192,081,000 | $239,502,000 | $263,813,000 |
| Net Income Including Noncontrolling Interests | $205,122,000 | $192,081,000 | $239,502,000 | $263,813,000 |
| Net Income Continuous Operations | $205,122,000 | $192,081,000 | $239,502,000 | $263,813,000 |
| Pretax Income | $262,170,000 | $247,127,000 | $315,134,000 | $347,754,000 |
| Special Income Charges | $-39,635,000 | $-1,902,000 | $0 | $-7,100,000 |
| Depreciation Amortization Depletion Income Statement | $16,910,000 | $5,905,000 | $6,878,000 | $7,655,000 |
| Depreciation And Amortization In Income Statement | $16,910,000 | $5,905,000 | $6,878,000 | $7,655,000 |
| Amortization Of Intangibles Income Statement | $16,910,000 | $5,905,000 | $6,878,000 | $7,655,000 |
| Per Share | ||||
| Diluted EPS | $4.44 | $4.52 | $5.42 | $5.69 |
| Basic EPS | $4.44 | $4.52 | $5.42 | $5.69 |
| Other | ||||
| Tax Effect Of Unusual Items | $-8,624,576 | $-423,575 | $0 | $-1,713,940 |
| Tax Rate For Calcs | $0 | $0 | $0 | $0 |
| Total Unusual Items | $-39,635,000 | $-1,902,000 | $0 | $-7,100,000 |
| Total Unusual Items Excluding Goodwill | $-39,635,000 | $-1,902,000 | $0 | $-7,100,000 |
| Reconciled Depreciation | $42,142,000 | $40,889,000 | $36,102,000 | $38,799,000 |
| Diluted Average Shares | $46,191,082 | $42,511,801 | $44,193,547 | $46,389,989 |
| Basic Average Shares | $46,169,692 | $42,499,492 | $44,181,540 | $46,372,051 |
| Diluted NI Availto Com Stockholders | $205,122,000 | $192,081,000 | $239,502,000 | $263,813,000 |
| Tax Provision | $57,048,000 | $55,046,000 | $75,632,000 | $83,941,000 |
| Restructuring And Mergern Acquisition | $39,635,000 | $1,902,000 | $0 | $7,100,000 |
| Gain On Sale Of Security | $3,564,000 | $2,117,000 | $3,327,000 | $2,932,000 |
| Amortization | $16,910,000 | $5,905,000 | $6,878,000 | $7,655,000 |
| Selling General And Administration | $299,999,000 | $244,545,000 | $234,088,000 | $211,662,000 |
| Insurance And Claims | $12,500,000 | $10,892,000 | $11,953,000 | $6,951,000 |
| Salaries And Wages | $287,499,000 | $233,653,000 | $222,135,000 | $204,711,000 |
| Occupancy And Equipment | $57,596,000 | $52,072,000 | $50,582,000 | $49,841,000 |
| Impairment Of Capital Assets | - | - | - | $0 |
| Other Gand A | - | - | - | $10,961,000 |
Fetched: 2026-06-22
Balance Sheet (Annual)
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Assets | ||||
| Net Tangible Assets | $2,341,542,000 | $1,995,764,000 | $1,891,989,000 | $1,876,561,000 |
| Total Assets | $24,912,896,000 | $19,373,565,000 | $19,347,373,000 | $19,294,174,000 |
| Goodwill And Other Intangible Assets | $1,224,186,000 | $997,356,000 | $1,003,262,000 | $1,010,140,000 |
| Other Intangible Assets | $133,576,000 | $12,284,000 | $18,190,000 | $25,068,000 |
| Cash And Cash Equivalents | $771,902,000 | $219,890,000 | $224,330,000 | $352,933,000 |
| Cash Financial | $229,770,000 | $187,849,000 | $178,861,000 | $175,843,000 |
| Cash Cash Equivalents And Federal Funds Sold | $771,902,000 | $219,890,000 | $224,330,000 | $352,933,000 |
| Debt | ||||
| Net Debt | $53,945,000 | $481,484,000 | $994,049,000 | - |
| Total Debt | $825,847,000 | $701,374,000 | $1,218,379,000 | $113,377,000 |
| Long Term Debt And Capital Lease Obligation | $775,894,000 | $701,374,000 | $1,218,379,000 | $113,377,000 |
| Long Term Debt | $775,894,000 | $701,374,000 | $1,218,379,000 | $113,377,000 |
| Current Debt And Capital Lease Obligation | $49,953,000 | - | - | - |
| Current Debt | $49,953,000 | - | - | - |
| Liabilities | ||||
| Minimum Pension Liabilities | $0 | $0 | $0 | $0 |
| Total Liabilities Net Minority Interest | $21,347,168,000 | $16,380,445,000 | $16,452,122,000 | $16,407,473,000 |
| Equity | ||||
| Common Stock Equity | $3,565,728,000 | $2,993,120,000 | $2,895,251,000 | $2,886,701,000 |
| Total Equity Gross Minority Interest | $3,565,728,000 | $2,993,120,000 | $2,895,251,000 | $2,886,701,000 |
| Stockholders Equity | $3,565,728,000 | $2,993,120,000 | $2,895,251,000 | $2,886,701,000 |
| Gains Losses Not Affecting Retained Earnings | $-39,754,000 | $-90,007,000 | $-114,827,000 | $-163,084,000 |
| Other Equity Adjustments | $-39,754,000 | $-90,007,000 | $-114,827,000 | $-163,084,000 |
| Retained Earnings | $1,269,113,000 | $1,172,724,000 | $1,077,488,000 | $934,442,000 |
| Other Equity Interest | - | $-3,383,000 | $-3,298,000 | $-3,227,000 |
| Other | ||||
| Treasury Shares Number | $75,247 | $78,088 | $80,222 | - |
| Ordinary Shares Number | $49,168,566 | $42,422,523 | $42,873,187 | $45,641,238 |
| Share Issued | $49,243,813 | $42,500,611 | $42,953,409 | $45,641,238 |
| Tangible Book Value | $2,341,542,000 | $1,995,764,000 | $1,891,989,000 | $1,876,561,000 |
| Invested Capital | $4,391,575,000 | $3,694,494,000 | $4,113,630,000 | $3,000,078,000 |
| Total Capitalization | $4,341,622,000 | $3,694,494,000 | $4,113,630,000 | $3,000,078,000 |
| Additional Paid In Capital | $2,335,879,000 | $1,909,980,000 | $1,932,163,000 | $2,114,888,000 |
| Capital Stock | $490,000 | $423,000 | $427,000 | $455,000 |
| Common Stock | $490,000 | $423,000 | $427,000 | $455,000 |
| Preferred Stock | $0 | $0 | $0 | $0 |
| Line Of Credit | $49,953,000 | - | - | - |
| Investments And Advances | $3,309,575,000 | $2,711,349,000 | $2,930,860,000 | $3,129,281,000 |
| Held To Maturity Securities | $1,174,779,000 | $1,434,956,000 | $1,569,107,000 | $1,705,120,000 |
| Available For Sale Securities | $1,692,786,000 | $21,204,000 | $22,510,000 | $21,119,000 |
| Trading Securities | $4,720,000 | $4,245,000 | $4,987,000 | $3,888,000 |
| Goodwill | $1,090,610,000 | $985,072,000 | $985,072,000 | $985,072,000 |
| Net PPE | $218,190,000 | $193,320,000 | $193,049,000 | $196,504,000 |
| Accumulated Depreciation | $-187,236,000 | $-164,907,000 | $-145,355,000 | $-127,440,000 |
| Gross PPE | $405,426,000 | $358,227,000 | $338,404,000 | $323,944,000 |
| Leases | $63,648,000 | $55,243,000 | $50,682,000 | $47,098,000 |
| Other Properties | $32,654,000 | $32,654,000 | $32,654,000 | $32,792,000 |
| Machinery Furniture Equipment | $124,694,000 | $112,600,000 | $102,251,000 | $93,450,000 |
| Buildings And Improvements | $125,154,000 | $104,899,000 | $99,973,000 | $97,760,000 |
| Land And Improvements | $59,276,000 | $52,831,000 | $52,844,000 | $52,844,000 |
| Other Short Term Investments | $437,290,000 | $1,250,944,000 | $1,334,256,000 | $1,399,154,000 |
Fetched: 2026-06-22
Cash Flow Statement (Annual)
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Free Cash Flow | ||||
| Free Cash Flow | $239,025,000 | $209,486,000 | $261,150,000 | $399,128,000 |
| Operating Activities | ||||
| Operating Cash Flow | $251,160,000 | $229,921,000 | $276,994,000 | $421,200,000 |
| Cash Flow From Continuing Operating Activities | $251,160,000 | $229,921,000 | $276,994,000 | $421,200,000 |
| Operating Gains Losses | $-209,000 | $-268,000 | $-1,063,000 | $1,899,000 |
| Investing Activities | ||||
| Capital Expenditure | $-12,135,000 | $-20,435,000 | $-15,844,000 | $-22,072,000 |
| Investing Cash Flow | $5,050,000 | $-33,010,000 | $-211,650,000 | $-1,000,474,000 |
| Cash Flow From Continuing Investing Activities | $5,050,000 | $-33,010,000 | $-211,650,000 | $-1,000,474,000 |
| Net Other Investing Changes | $20,455,000 | $13,799,000 | $-32,970,000 | $9,186,000 |
| Financing Activities | ||||
| Financing Cash Flow | $295,802,000 | $-201,351,000 | $-193,947,000 | $-1,308,477,000 |
| Cash Flow From Continuing Financing Activities | $295,802,000 | $-201,351,000 | $-193,947,000 | $-1,308,477,000 |
| Cash Dividends Paid | $-103,903,000 | $-96,200,000 | $-98,006,000 | $-93,734,000 |
| Common Stock Dividend Paid | $-103,903,000 | $-96,200,000 | $-98,006,000 | $-93,734,000 |
| Other | ||||
| Repayment Of Debt | $-344,373,000 | $-517,000,000 | $0 | $-39,063,000 |
| Issuance Of Debt | $345,780,000 | $0 | $1,105,000,000 | - |
| Interest Paid Supplemental Data | $307,257,000 | $291,692,000 | $183,068,000 | $26,424,000 |
| Income Tax Paid Supplemental Data | $34,783,000 | $51,079,000 | $43,706,000 | $44,274,000 |
| End Cash Position | $771,902,000 | $219,890,000 | $224,330,000 | $352,933,000 |
| Beginning Cash Position | $219,890,000 | $224,330,000 | $352,933,000 | $2,240,684,000 |
| Changes In Cash | $552,012,000 | $-4,440,000 | $-128,603,000 | $-1,887,751,000 |
| Proceeds From Stock Option Exercised | $-59,759,000 | $-28,467,000 | $-187,310,000 | $-138,671,000 |
| Net Issuance Payments Of Debt | $1,407,000 | $-517,000,000 | $1,105,000,000 | $-39,063,000 |
| Net Short Term Debt Issuance | $-234,436,000 | $-467,000,000 | $1,105,000,000 | $-25,000,000 |
| Short Term Debt Payments | $-284,373,000 | $-467,000,000 | $0 | $-25,000,000 |
| Short Term Debt Issuance | $49,937,000 | $0 | $1,105,000,000 | - |
| Net Long Term Debt Issuance | $235,843,000 | $-50,000,000 | $0 | $-14,063,000 |
| Long Term Debt Payments | $-60,000,000 | $-50,000,000 | $0 | $-14,063,000 |
| Long Term Debt Issuance | $295,843,000 | $0 | $0 | - |
| Net Investment Purchase And Sale | $24,399,000 | $210,053,000 | $215,786,000 | $-655,484,000 |
| Sale Of Investment | $490,266,000 | $373,543,000 | $247,601,000 | $306,666,000 |
| Purchase Of Investment | $-465,867,000 | $-163,490,000 | $-31,815,000 | $-962,150,000 |
| Net Business Purchase And Sale | $97,760,000 | $0 | $0 | $0 |
| Net PPE Purchase And Sale | $-11,840,000 | $-20,343,000 | $-15,731,000 | $-18,728,000 |
| Sale Of PPE | $295,000 | $92,000 | $113,000 | $3,344,000 |
| Purchase Of PPE | $-12,135,000 | $-20,435,000 | $-15,844,000 | $-22,072,000 |
| Change In Working Capital | $-26,362,000 | $-10,136,000 | $-1,677,000 | $141,743,000 |
| Change In Other Working Capital | $-475,000 | $742,000 | $-1,099,000 | $-168,000 |
| Change In Other Current Liabilities | $-70,118,000 | $5,543,000 | $-20,614,000 | $55,224,000 |
| Change In Other Current Assets | $72,162,000 | $-15,498,000 | $23,504,000 | $65,263,000 |
| Other Non Cash Items | $-40,704,000 | $-24,818,000 | $-28,235,000 | $-34,764,000 |
| Stock Based Compensation | $8,985,000 | $6,523,000 | $6,377,000 | $4,464,000 |
| Deferred Tax | $-3,283,000 | $-10,600,000 | $2,738,000 | $-1,254,000 |
| Deferred Income Tax | $-3,283,000 | $-10,600,000 | $2,738,000 | $-1,254,000 |
| Depreciation Amortization Depletion | $42,142,000 | $40,889,000 | $36,102,000 | $38,799,000 |
| Depreciation And Amortization | $42,142,000 | $40,889,000 | $36,102,000 | $38,799,000 |
| Gain Loss On Investment Securities | $-339,000 | $-423,000 | $-1,180,000 | $3,061,000 |
| Gain Loss On Sale Of PPE | $130,000 | $155,000 | $117,000 | $-1,162,000 |
| Net Income From Continuing Operations | $205,122,000 | $192,081,000 | $239,502,000 | $263,813,000 |
Fetched: 2026-06-22