Independent Bank Corp.

Independent Bank Corp.

INDB
Independent Bank Corp.US flagNASDAQ Global Select
85.14
USD
+0.33
- -
4.11BMarket Cap
Independent Bank Corp.
INDB
(NASDAQ Global Select)

Recent

price

85.14

P/E

ratio

- -

div

yld

- -

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
FRC
9.96
10.12
10.66
10.73
11.13
11.09
11.64
12.4
14.01
15.32
14.22
14.4
15.53
16.34
16.07
18.39
15.06
Revenue per Share
1.9
2.12
1.96
2.18
2.5
2.51
2.9
3.19
4.41
5.03
3.64
3.47
5.69
5.42
4.52
4.44
3.86
Basic EPS, GAAP
1.87
2.25
1.73
5.74
3.46
3.05
3.12
3.88
4.74
6.09
1.56
4.73
8.61
5.91
4.93
5.18
4.82
Free Cash Flow per Basic Share
0.72
0.75
1.03
0.66
0.94
1.01
1.13
1.25
1.46
1.62
1.83
1.8
2.02
2.22
2.26
2.25
1.7
Dividend per Share
9.94
11.19
12.12
12.77
13.84
14.23
15.69
17.08
19.82
19.95
21.54
22
20.16
24.4
27.6
27.5
- -
Book Value per Share
13.91
15.33
16.86
17.77
19.26
21.57
23.99
25.74
29.07
35.74
35.28
57.37
40.47
42.82
46.96
50.72
- -
Tangible Book Value per Share
21
21
22
23
24
26
26
27
28
33
33
35
46
44
42
46
49
Basic Weighted Avg Shares
211
217
232
247
266
287
307
338
387
503
473
502
720
722
683
849
739
Sales/Revenue/Turnover
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Operating Margin (%)
10
10
10
8
12
12
14
16
16
19
27
33
39
36
41
42
33
Depreciation Expense
40
45
43
50
60
65
77
87
122
165
121
121
264
240
192
205
190
Net Income, GAAP
23.3
27.4
25.61
24.7
28.54
29.53
31.61
35.19
22
24.27
20.72
22.78
24.14
24
22.27
21.76
22.17
Effective Tax Rate (%)
19.08
20.95
18.35
20.36
22.5
22.62
24.94
25.77
31.45
32.85
25.61
24.09
36.63
33.17
28.12
24.16
25.63
Profit Margin (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Working Capital
397
322
376
244
209
210
159
108
259
303
181
152
113
1,218
701
776
- -
LT Debt
436
469
529
592
641
771
865
944
1,073
1,708
1,703
3,018
2,887
2,895
2,993
3,566
- -
Total Equity
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Return on Invested Capital (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Return on Capital (%)
20.36
20.19
16.93
18.02
19.17
18.58
19.58
19.81
24.01
27.49
17.68
16.31
31
23.8
17.07
16.79
31.11
Return on Common Equity (%)

Capital Structure

FRC

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
50
100
- -
LT Borrowings
776
676
- -
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
49
48
- -
Market Capitalization
3,372
3,591
4,111

Working Capital

FRC

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
- -
- -
- -
Cash, Cash Equivalents & STI
1,209
1,243
- -
Accounts Receivable, Net
- -
- -
- -
Inventories
- -
- -
- -
Total Current Liabilities
- -
- -
- -
Payables & Accruals
- -
- -
- -
ST Debt
50
100
- -
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
18.95%
19.15%
19.13%
Free Cash Flow
35.38%
63.73%
14.1%
Net Income, GAAP
17.61%
19.13%
6.79%
Sales/Revenue/Turnover
12.43%
13.74%
24.29%
Total Cash Common Dividend
15.62%
12.65%
8.01%

Quarterly Revenue

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
165
169
175
175
683
2025
176
180
244
245
849
2026
250
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
1.12
1.21
1.01
1.18
4.52
2025
1.04
1.2
0.69
1.52
4.44
2026
1.63
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.55
0.57
0.57
0.57
2.26
2025
0.57
0.59
0.5
0.59
2.25
2026
0.59
- -
- -
- -
- -
Business
Independent Bank Corp. (NasdaqGS: INDB) operates as the holding company for Rockland Trust Company, a full-service commercial bank headquartered in Rockland, Massachusetts, that provides a comprehensive range of banking, investment, and financial services to individuals, families, small-to-medium-sized businesses, and commercial clients primarily in Eastern Massachusetts, Worcester County, Rhode Island, Southern New Hampshire, and Northern Massachusetts. Rockland Trust offers deposit products including interest checking accounts, money market accounts, savings accounts, demand deposits, and time certificates of deposit; lending solutions encompassing commercial real estate loans, commercial construction loans, commercial and industrial loans, small business loans, secured and unsecured commercial loans, consumer real estate loans such as residential mortgages and home equity lines, as well as term loans and revolving credit facilities; and additional services comprising wealth management, investment management, insurance products, mobile/online/telephone banking, mortgage lending, and title services. The bank maintains a network of retail branches, commercial banking offices, and investment management locations across its market areas, targeting community-oriented customers with a focus on personalized service. In a major strategic expansion completed on July 1, 2025, Independent Bank Corp. acquired Enterprise Bancorp, Inc. (NasdaqGS: EBTC) in a cash-and-stock transaction valued at approximately $562 million, merging Enterprise Bank into Rockland Trust to create a combined entity with roughly $25 billion in assets, $20 billion in deposits, $19 billion in loans, and $8.7 billion in wealth assets under administration, while adding 151 locations and strengthening its presence in Northern Massachusetts and New Hampshire. This transaction, Independent Bank's first acquisition since the 2021 purchase of Meridian Bancorp, Inc. and East Boston Savings Bank, is expected to deliver approximately 16% earnings per share accretion in 2026 through 30% cost savings on Enterprise's operating expenses, enhanced core deposit franchise, and revenue synergies from cross-selling Rockland Trust's full suite of banking, wealth management, and advisory services. Independent Bank Corp. plans to raise $250 million in subordinated debt prior to full integration and has appointed former Enterprise directors Kenneth S. Ansin and Joseph C. Lerner to its board, with Enterprise CEO Steven Larochelle serving as a consultant for one year post-closing.

Company News

APIChatGPT
  • Independent Bank Corp. (INDB) Q2 2026 Earnings Call Transcript

  • Independent Bank Q2 Earnings Call Highlights

  • Independent Bank Corp. (INDB) Q2 Earnings: Taking a Look at Key Metrics Versus Estimates

  • Independent Bank Corp. (INDB) Misses Q2 Earnings and Revenue Estimates

  • Independent Bank Corp. Reports Second Quarter Net Income of $81.8 Million

  • Top Wall Street Forecasters Revamp Independent Bank Expectations Ahead Of Q2 Earnings

  • Seeking Clues to Independent Bank Corp. (INDB) Q2 Earnings? A Peek Into Wall Street Projections for Key Metrics

  • Independent Bank Corp. (INDB) Earnings Expected to Grow: What to Know Ahead of Next Week's Release

  • Independent Bank Corp. Announces Schedule of Second Quarter 2026 Earnings Release and Conference Call

  • Independent Bank Corp. (INDB) Could Be a Great Choice

  • Independent Bank Corp. Announces Quarterly Dividend

  • Is the Options Market Predicting a Spike in Independent Bank Stock?

  • Are You Looking for a High-Growth Dividend Stock?

  • Why Independent Bank Corp. (INDB) is a Great Dividend Stock Right Now

  • Investment Firm Builds New $70.7 Million Position in Bank Stock, According to Recent SEC Filing

  • Why Independent Bank Corp. (INDB) is a Top Dividend Stock for Your Portfolio

  • Independent Bank Corp. (INDB) Q1 2026 Earnings Call Transcript

  • Independent Bank: Mixed Metrics In Q1, But A Dividend Boost

  • Independent Bank Corp. (INDB) Q1 Earnings: Taking a Look at Key Metrics Versus Estimates

  • Independent Bank Corp. (INDB) Lags Q1 Earnings and Revenue Estimates