Independent Bank Corp. (NASDAQ: INDB) is a Financial Services company in the Banks - Regional industry. QuoTrend tracks its price, financials, earnings, analyst ratings and insider trades.
| Index | - | P/E | 14.84 | EPS (ttm) | 5.54 | Insider Own | 2.11% | Shs Outstand | 48.25M | Perf Week | -0.60% |
| Market Cap | 3.97B | Forward P/E | 9.89 | EPS next Y | 8.31 | Insider Trans | -1.17% | Shs Float | 47.55M | Perf Month | -1.31% |
| Enterprise Value | 4.42B | PEG | 0.95 | EPS next Q | 1.81 | Inst Own | - | Short Float | 4.30% | Perf Quarter | 1.47% |
| Income | 271.00M | P/S | 3.17 | EPS this Y | 29.41% | Inst Trans | - | Short Ratio | 5.59 | Perf Half Y | 10.61% |
| Sales | 1.25B | P/B | 1.13 | EPS next Y | 15.93% | ROA | 1.09% | Short Interest | 2.04M | Perf YTD | 12.53% |
| Book/sh | 72.79 | P/C | 15.75 | EPS next 5Y | 15.60% | ROE | 7.66% | 52W High | 87.50 -6.01% | Perf Year | 16.74% |
| Cash/sh | 5.22 | P/FCF | 12.77 | EPS past 3/5Y | -7.87% 4.10% | ROIC | -1.18% | 52W Low | 63.33 29.86% | Perf 3Y | 60.91% |
| Dividend Est. | 2.56 (3.11%) | EV/EBITDA | 13.76 | Sales past 3/5Y | 15.88% 18.14% | Gross Margin | 70.40% | Volatility | 1.86% 1.76% | Perf 5Y | 15.99% |
| Dividend TTM | 2.46 (2.99%) | EV/Sales | 3.53 | EPS Y/Y TTM | 22.57% | Oper. Margin | 22.66% | ATR (14) | 1.55 | Perf 10Y | 54.97% |
| Dividend Ex-Date | Sep 28, 2026 | Quick Ratio | 0.01 | Sales Y/Y TTM | 28.64% | Profit Margin | 21.64% | RSI (14) | 45.04 | Recom | 2.67 |
| Dividend Gr. 3/5Y | 4.30% 5.10% | Current Ratio | 0.01 | EPS Q/Q | 36.00% | SMA20 | -0.42% | Beta | 0.80 | Target Price | 93.33 |
| Payout | 42.26% | Debt/Eq | 0.25 | Sales Q/Q | 15.14% | SMA50 | -2.02% | Rel Volume | 3.09 | Prev Close | 82.42 |
| Employees | 2,294 | LT Debt/Eq | 0.14 | Earnings | Oct 15 | SMA200 | 2.90% | Avg Volume | 367.47K | Price | 82.24 |
| IPO Date | May 14, 1986 | Option/Short | Yes / Yes | EPS/Sales Surpr. | -4.78% -1.97% | Net Debt/EBITDA | 1.40 | Volume | 1,133,809 | Change | -0.22% |
| Date | Action | Analyst | Rating | Target |
|---|---|---|---|---|
| May-15-26 | Initiated | Hovde Group | Outperform | $95 |
| Apr-17-26 | Reiterated | Raymond James | Strong Buy | $94 → $97 |
| Apr-15-26 | Initiated | Stephens | Overweight | $88 |
| Feb-02-26 | Downgrade | Barclays | Equal Weight → Underweight | |
| Dec-17-25 | Initiated | Barclays | Equal Weight | $80 |
| Oct-21-25 | Reiterated | Independent Research | $100 → $83 | |
| Oct-21-25 | Upgrade | Keefe, Bruyette & Woods | Market Perform → Outperform | |
| Oct-21-24 | Upgrade | Raymond James | Market Perform → Strong Buy | $74 |
| Jul-22-24 | Upgrade | Seaport Global | Neutral → Buy | $65 |
| Oct-23-23 | Upgrade | Seaport Global | Sell → Neutral |
Independent Bank Corp. functions as the parent company for Rockland Trust Company, delivering a wide array of commercial banking products and services. Its clientele primarily consists of private individuals and small to mid-sized businesses, largely within Massachusetts. The institution offers diverse deposit options, including interest-bearing checking, money market, and savings accounts, in addition to demand deposits and time certificates of deposit. Its extensive lending portfolio covers commercial and industrial loans, commercial real estate and construction financing, small business loans, consumer real estate loans, and personal loans. Beyond core banking, the company provides wealth management and fiduciary services for a broad spectrum of clients, from private individuals and institutions to small businesses and charitable organizations. It also offers digital banking solutions (online and mobile), estate planning, financial advisory, and tax assistance. Customers have access to ATM and debit card services, alongside various investment products such as mutual funds, unit investment trusts, general securities, fixed and variable annuities, and life insurance. As of December 31, 2021, Independent Bank Corp. maintained a substantial physical presence, operating 119 retail branches, two limited-service retail branches, and one mobile branch. These facilities are strategically located across Eastern Massachusetts, encompassing Barnstable, Bristol, Dukes, Essex, Middlesex, Nantucket, Norfolk, Plymouth, Suffolk, and Worcester counties. Established in 1907, the company is headquartered in Rockland, Massachusetts.
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| Line Item (USD, M) | TTM — | FY 2025 12/31/2025 | FY 2024 12/31/2024 | FY 2023 12/31/2023 | FY 2022 12/31/2022 | FY 2021 12/31/2021 | FY 2020 12/31/2020 | FY 2019 12/31/2019 | FY 2018 12/31/2018 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total Revenue | 1,253 | 1,167 | 974 | — | — | — | — | — | — | |
| Cost of Goods Sold Incl. D&A | 371 | 374 | 327 | — | — | — | — | — | — | |
| Gross Profit | 882 | 793 | 647 | — | — | — | — | — | — | |
| Selling, General and Administrative Excl. Other | 433 | 298 | 245 | — | — | — | — | — | — | |
| Research and Development | 0 | 0 | 0 | — | — | — | — | — | — | |
| Other Operating Expense | 165 | 228 | 155 | — | — | — | — | — | — | |
| Operating Income | 285 | 267 | 247 | — | — | — | — | — | — | |
| Interest Expense | 332 | 314 | 291 | — | — | — | — | — | — | |
| Unusual Expense | — | — | — | — | — | — | — | — | — | |
| Non-Operating Income (Expense) | 399 | 309 | 291 | — | — | — | — | — | — | |
| Net Income Before Taxes | 350 | 262 | 247 | — | — | — | — | — | — | |
| Income Taxes | 78 | 57 | 55 | — | — | — | — | — | — | |
| Consolidated Net Income | 271 | 205 | 192 | — | — | — | — | — | — | |
| Net Income From Continuing Operations | 271 | 205 | 192 | — | — | — | — | — | — | |
| Net Income | 271 | 205 | 192 | — | — | — | — | — | — | |
| EPS (Recurring) | 5.54 | 4.45 | 4.52 | — | — | — | — | — | — | |
| EPS (Basic, Before Extraordinaries) | 5.54 | 4.45 | 4.52 | — | — | — | — | — | — | |
| EPS (Diluted) | 5.54 | 4.45 | 4.52 | — | — | — | — | — | — | |
| EBITDA | 321 | 306 | 288 | — | — | — | — | — | — | |
| Other After Tax Adjustments | — | — | — | — | — | — | — | — | — | |
| Stock Option Compensation Expense | — | — | — | — | — | — | — | — | — | |
| Price To Earnings Ratio | 14.84 | 16.42 | 14.20 | — | — | — | — | — | — | |
| Price To Sales Ratio | 3.15 | 3.07 | 2.77 | — | — | — | — | — | — | |
| Gross Margin | 70.39 | 67.95 | 66.43 | — | — | — | — | — | — | |
| Operating Margin | 22.75 | 22.88 | 25.36 | — | — | — | — | — | — | |
| Net Margin | 21.63 | 17.57 | 19.71 | — | — | — | — | — | — | |
| Shares Outstanding | 48 | 49 | 42 | — | — | — | — | — | — | |
| Market Capitalization | 3,948 | 3,581 | 2,696 | — | — | — | — | — | — | |
| Operating Lease Expense | — | — | — | — | — | — | — | — | — |
| Insider | Relationship | Date | Transaction | Cost | #Shares | Value ($) | #Shares Total | SEC Form 4 |
|---|---|---|---|---|---|---|---|---|
| Venables Thomas R | Director | Aug 25 '26 | Sale | 83.00 | 3,750 | 311,232 | 17,649 | Aug 26 |
| Nadeau Gerard F | Director | Aug 03 '26 | Sale | 84.69 | 5,307 | 449,472 | 16,907 | Aug 05 |
| LERNER JOSEPH C | Director | May 18 '26 | Sale | 77.31 | 2,832 | 218,953 | 16,215 | Jun 01 |
| MORRISSEY JOHN J | Director | Feb 06 '26 | Sale | 85.70 | 1,988 | 170,372 | 12,747 | Feb 09 |
| Abelli Donna L | Director | Feb 04 '26 | Sale | 85.00 | 524 | 44,517 | 13,247 | Feb 05 |
| Venables Thomas R | Director | Dec 05 '25 | Sale | 73.93 | 405 | 29,942 | 20,557 | Dec 08 |
| Nadeau Gerard F | Director | Dec 03 '25 | Sale | 74.11 | 2,000 | 148,226 | 20,395 | Dec 04 |
| Nadeau Gerard F | Director | Nov 21 '25 | Sale | 70.00 | 3,000 | 210,000 | 22,395 | Nov 24 |
| ANSIN KEN S | Director | Nov 14 '25 | Sale | 69.06 | 53,000 | 3,660,196 | 53,738 | Nov 17 |
| ANSIN KEN S | Director | Nov 10 '25 | Sale | 69.94 | 144,000 | 10,070,813 | 288,481 | Nov 12 |
| ANSIN KEN S | Director | Sep 10 '25 | Sale | 69.72 | 25,000 | 1,742,953 | 40,894 | Sep 11 |
| ANSIN KEN S | Director | Sep 09 '25 | Sale | 70.17 | 25,000 | 1,754,158 | 65,894 | Sep 11 |
| OBrien Daniel F | Director | Aug 14 '25 | Sale | 66.88 | 3,781 | 252,875 | 22,870 | Aug 18 |
| Nadeau Gerard F | Director | Aug 13 '25 | Sale | 67.51 | 1,500 | 101,272 | 25,395 | Aug 14 |
| Nadeau Gerard F | Director | Aug 12 '25 | Sale | 66.00 | 3,500 | 231,001 | 26,895 | Aug 14 |