Independent Bank Corp. (INDB)
NASDAQ:INDB
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INDB Stock Chart & Stats
$77.95
-$0.54(-0.86%)
At close: 4:00 PM EST
$77.95
-$0.54(-0.86%)
Day’s Range― - ―
52-Week Range$57.01 - $87.00
Previous CloseN/A
Volume35.65K
Average Volume (3M)307.52K
Market Cap
$4.02B
Enterprise Value$3.86B
Total Cash (Recent Filing)$1.25B
Total Debt (Recent Filing)$776.26M
Price to Earnings (P/E)16.9
Beta0.90
Next Earnings
Jul 16, 2026EPS Estimate
1.78Next Dividend Ex-DateN/A
Dividend Yield3.05%
Share Statistics
EPS (TTM)5.04
Shares Outstanding48,327,110
10 Day Avg. Volume299,874
30 Day Avg. Volume307,524
Financial Highlights & Ratios
PEG Ratio-11.38
Price to Book (P/B)1.01
Price to Sales (P/S)3.10
P/FCF Ratio15.09
Enterprise Value/Market Cap0.96
Enterprise Value/Revenue3.18
Enterprise Value/Gross Profit4.58
Enterprise Value/Ebitda12.41
Forecast
1Y Price Target
$90.00Price Target Upside15.46% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering6
EPS Forecast (FY)7.3
Revenue Forecast (FY)$1.05B
Bulls Say, Bears Say
Bulls Say
Conservative Leverage And Capital BaseIndependent Bank’s low debt-to-equity (~0.22) and stable equity (mid-$3B) provide durable balance-sheet resilience. This conservative leverage supports loss absorption, funds buybacks/dividends and gives management flexibility to manage CRE headwinds without immediate capital raises, underpinning medium-term stability.
Strong Free Cash Flow GenerationFCF growth (+40.8% TTM) and free cash flow roughly matching net income indicate high earnings quality and persistent cash conversion. Reliable FCF supports dividends, repurchases and technology investments (core conversion/AI) and reduces reliance on external funding, strengthening long-term financial flexibility.
Improving NIM And Disciplined Capital ReturnsNIM expansion (Q reported 3.9% and higher Q4 guidance) combined with active capital returns (dividend increase, repurchases) reflects sustainable margin recovery and shareholder-friendly capital allocation. Higher core margin and disciplined returns boost lasting profitability and ROE if funding dynamics persist.
Bears Say
Elevated CRE ConcentrationA CRE concentration near 283% of capital materially raises portfolio vulnerability to commercial property stress, especially office. High concentration can force higher reserves, constrain lending appetite, and limit capital-return flexibility if losses or downgrades accelerate over the medium term.
Rising Nonperforming Assets And Criticized LoansAn uptick in NPAs ($98.7M, 0.52%) and growth in criticized/classified credits signal emerging asset-quality pressure. Persisting NPA increases would raise provisioning needs, compress net income and could erode capital ratios, challenging the bank’s ability to sustain buybacks and dividend growth.
Intentional Runoff And Muted Loan GrowthThe dealer floor-plan wind-down and overall muted loan growth reduce organic revenue momentum. Intentional runoff trims asset yields and loan-linked fee income near term and forces growth to come from relationship expansion, which may be slower and compress mid‑term earnings unless new origination offsets the decline.
Independent Bank News
INDB FAQ
What was Independent Bank Corp.’s price range in the past 12 months?
Independent Bank Corp. lowest stock price was $57.01 and its highest was $87.00 in the past 12 months.
What is Independent Bank Corp.’s market cap?
Independent Bank Corp.’s market cap is $4.02B.
When is Independent Bank Corp.’s upcoming earnings report date?
Independent Bank Corp.’s upcoming earnings report date is Jul 16, 2026 which is in 31 days.
How were Independent Bank Corp.’s earnings last quarter?
Independent Bank Corp. released its earnings results on Apr 16, 2026. The company reported $1.68 earnings per share for the quarter, beating the consensus estimate of $1.664 by $0.016.
Is Independent Bank Corp. overvalued?
According to Wall Street analysts Independent Bank Corp.’s price is currently Undervalued.
Does Independent Bank Corp. pay dividends?
Independent Bank Corp. pays a Quarterly dividend of $0.64 which represents an annual dividend yield of 3.05%. See more information on Independent Bank Corp. dividends here
What is Independent Bank Corp.’s EPS estimate?
Independent Bank Corp.’s EPS estimate is 1.78.
How many shares outstanding does Independent Bank Corp. have?
Independent Bank Corp. has 48,327,110 shares outstanding.
What happened to Independent Bank Corp.’s price movement after its last earnings report?
Independent Bank Corp. reported an EPS of $1.68 in its last earnings report, beating expectations of $1.664. Following the earnings report the stock price went down -0.587%.
Which hedge fund is a major shareholder of Independent Bank Corp.?
Currently, no hedge funds are holding shares in INDB
What is the TipRanks Smart Score and how is it calculated?
Smart Score combines eight research factors - such as analyst recommendations, hedge fund trends, and technical indicators - to measure a stock’s outlook. These signals are unified into a single score that reflects bullish or bearish momentum. See detailed methodology
Independent Bank Stock Smart Score
Underperform
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10
Analyst Consensus
Moderate Buy
Average Price Target:
$90.00 (15.46% Upside)
$90.00 (15.46% Upside)
Blogger Sentiment
Bullish
INDB Sentiment 70%
Sector Average ―
Sector Average ―
Hedge Fund Trend
Decreased
By 301.6K Shares
Last Quarter.
Last Quarter.
Insider Transactions
Sold Shares
Worth $218.9K over
the Last 3 Months
the Last 3 Months
Crowd Wisdom
Very Negative
Last 7 Days ▼ 1.1%
Last 30 Days ▼ 3.1%
Last 30 Days ▼ 3.1%
Technicals
SMA
Positive
20 days / 200 days
Momentum
32.05%
12-Months-Change
Fundamentals
Return on Equity
7.01%
Trailing 12-Months
Asset Growth
24.61%
Trailing 12-Months
Company Description
Independent Bank Corp.
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.
INDB Company Deck
INDB Earnings Call
Q1 2026
0:00 / 0:00
Earnings Call Sentiment|Neutral
The call presented a mix of encouraging execution and emerging headwinds. Key positives include improved net interest margin (+13 bps reported, +8 bps adjusted), solid quarterly profitability (GAAP net income $79.9M; adjusted $82.1M), disciplined capital returns ($94M returned, CET1 12.87%) and resilient wealth and C&I relationship momentum (AUA $9.2B; C&I ex-floor-plan +7% annualized). Offsetting these strengths are muted loan growth, elevated CRE concentration (≈283%) and office-specific asset quality pressures (NPAs $98.7M, 0.52%), along with seasonal and competitive deposit pressures and some one-time expense items. Management reaffirmed 2026 profitability targets and updated NIM guidance while taking prudent steps on capital and portfolio rebalancing. Overall the tone was constructive but cautious given identifiable CRE and market uncertainties.View all INDB earnings summariesINDB Stock 12 Month Forecast
Average Price Target
$90.00
▲(15.46% Upside)
Technical Analysis
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Ownership Overview
1.44% Insiders
27.64% Mutual Funds
18.60% Other Institutional Investors
22.20% Public Companies and
Individual Investors