Independent Bank Corp.

INDB

NASDAQFinancial ServicesBanks - Regional

Open in GoAI

Latest quote

$77.02

Market data unavailable

Independent Bank Corp.

INDB

NASDAQFinancial ServicesBanks - Regional

Open in GoAI

Previous close

$77.02

−$0.10 · -0.13%

Oct 9, 4:00 PM ET

Latest quote

$77.02

Market data unavailable

After-hours

$77.02

$0.00 · 0.00%

Oct 9, 7:30 PM ET

Regular session · ET · Market data may be delayed.

GoAI snapshot

Jul 10, 2026

67/ 100

GoAI Score

Buy

Valuation

Undervalued

Sentiment

Bullish

Risk

Moderate Risk

Momentum

Neutral

Full GoAI research

Thesis, catalysts, evidence, and risk analysis.

View full GoAI research

Company profile

Industry: Banks - Regional
Sector: Financial Services
Headquarters: US

Market position

Day range

Current $77.02

$76.545$77.4325

52-week range

Current $77.02

$63.33$87.50

Open: $77.12
Previous close: $77.12
Volume: 413.36K
Market cap: 3.72B USD
50-day average: $82.3862; -6.51% below average
200-day average: $80.1871; -3.95% below average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value: 4.29B USD
P/E (TTM): 13.9×
P/B (TTM): 1.05×
P/S (TTM): 2.96×
EV / EBITDA: 13.87×
Earnings yield: 5.68%
Free cash flow yield: 6.63%
Dividend yield: 3.26%

Profitability & efficiency

Gross margin: 70.40%
Operating margin: 22.66%
Net margin: 21.64%
Return on equity: 5.75%
Return on assets: 0.82%
Return on invested capital: 0.84%

Financial health

Debt / equity: 0.2×
Current ratio: 0.55×
Altman Z-score: -0.72
Piotroski F-score: 7 of 9

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin

Income trends

Revenue

1.17B USD+19.82%

Operating income

266.92M USD+8.01%

Net income

205.12M USD+6.79%

Financial statements: Income statement
Metric (USD)	FY2025	FY2024	FY2023	FY2022	FY2021
Revenue	1.17B USD	974.14M USD	911.33M USD	749.84M USD	515.98M USD
Cost of goods sold	374.29M USD	327.27M USD	212.46M USD	36.09M USD	31.92M USD
Gross profit	792.88M USD	646.86M USD	698.88M USD	713.75M USD	484.06M USD
Selling, general, and administrative	297.74M USD	244.55M USD	234.09M USD	211.66M USD	176.57M USD
Operating expenses	525.96M USD	399.74M USD	383.74M USD	365.99M USD	327.39M USD
Interest income	1.02B USD	852.75M USD	795.73M USD	642.84M USD	415.28M USD
Interest expense	313.57M USD	291.02M USD	189.21M USD	29.59M USD	13.72M USD
Depreciation and amortization	42.14M USD	40.89M USD	36.1M USD	38.8M USD	32.82M USD
Operating income	266.92M USD	247.13M USD	315.13M USD	347.75M USD	156.68M USD
Net income	205.12M USD	192.08M USD	239.5M USD	263.81M USD	120.99M USD

Company facts updated Oct 10, 2026.

Earnings

EPS beat rate: 64%; 7 beats, 4 misses, 0 met estimates
Average EPS surprise: +0.11%; 11 comparable reports
Latest EPS result: 1.7; Estimate 1.79 · Miss by 5.03%

EPS: actual versus estimate

Recent quarterly results

ActualEstimate

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate

Analyst ratings

Third-party consensus; not a GoAI recommendation.

Analyst price target

Average target

$93.33

21.18% upside

Past 12 months12-month forecastHigh $97.00Average $93.33Low $88.00

Rating distribution

15 ratings

Strong buy17%

Buy533%

Hold747%

Sell213%

Strong sell00%

Corporate actions

Annual dividends per share

Cash distributions grouped by calendar year; partial years are marked.

$2.36

2025 complete year+22.9% since 2021

2026 partial: $1.92

$1.92

2,021

$2.08

2,022

$2.20

2,023

$2.28

2,024

$2.36

2,025

$1.92

2,026*

* Partial calendar year in the available dividend history.

Corporate action history

Action	Ex-dividend date	Details	Record date	Payment date
Dividend	Sep 28, 2026	$0.64Quarterly	Sep 28, 2026	Oct 9, 2026
Dividend	Jun 29, 2026	$0.64Quarterly	Jun 29, 2026	Jul 9, 2026
Dividend	Mar 30, 2026	$0.64Quarterly	Mar 30, 2026	Apr 9, 2026
Dividend	Dec 29, 2025	$0.59Quarterly	Dec 29, 2025	Jan 7, 2026
Dividend	Sep 29, 2025	$0.59Quarterly	Sep 29, 2025	Oct 7, 2025
Dividend	Jun 30, 2025	$0.59Quarterly	Jun 30, 2025	Jul 7, 2025

Dividend

Ex-dividend Sep 28, 2026

$0.64

Quarterly

Record Sep 28, 2026 · Payment Oct 9, 2026

Dividend

Ex-dividend Jun 29, 2026

$0.64

Quarterly

Record Jun 29, 2026 · Payment Jul 9, 2026

Dividend

Ex-dividend Mar 30, 2026

$0.64

Quarterly

Record Mar 30, 2026 · Payment Apr 9, 2026

Dividend

Ex-dividend Dec 29, 2025

$0.59

Quarterly

Record Dec 29, 2025 · Payment Jan 7, 2026

Dividend

Ex-dividend Sep 29, 2025

$0.59

Quarterly

Record Sep 29, 2025 · Payment Oct 7, 2025

Dividend

Ex-dividend Jun 30, 2025

$0.59

Quarterly

Record Jun 30, 2025 · Payment Jul 7, 2025

INDB peers

IBKR

Interactive Brokers Group, Inc.

$87.87

+1.62%

CME

CME Group Inc.

$280.56

+1.49%

HOOD

Robinhood Markets, Inc.

$109.02

+1.88%

SATA

Strive Inc. Perp. Pfd. Series A

$99.10

+0.34%

NDAQ

Nasdaq, Inc.

$93.65

+1.39%

PYPL

PayPal Holdings, Inc.

$55.53

+0.93%

ETFs holding INDB

Funds reporting this stock among their holdings, ordered by reported position size.

ETFMarket valueWeightAUMExpense ratioPrice / 1D

Vanguard Morningstar Total Stock Market ETFVTI124.99M0.01%2.3T USD0.03%$381.94+0.63%

iShares Russell 2000 ETFIWM96.37M0.12%78.27B USD0.19%$278.94+0.49%

Vanguard Morningstar Small-Cap ETFVB90.22M0.05%185.3B USD0.03%$289.48+0.64%

U.S. Small Cap Value Portfolio ETF Class SharesDFSV68.39M0.25%26.81B USD0.33%$37.95-0.39%

Vanguard Morningstar Small-Cap Value ETFVBR57.33M0.08%68.2B USD0.05%$234.43+0.22%

Vanguard Extended Market ETFVXF45.55M0.05%95.4B USD0.05%$235+0.80%

Dimensional - US Targeted Value ETFDFAT43.34M0.14%30.12B USD0.33%$67.27-0.43%

iShares Russell 2000 Value ETFIWN34.9M0.25%13.85B USD0.24%$210.87-0.04%

Vanguard Morningstar Total Stock Market ETFVTI

Market value: 124.99M
Weight: 0.01%
AUM: 2.3T USD
Expense ratio: 0.03%
Price / 1D: $381.94+0.63%

iShares Russell 2000 ETFIWM

Market value: 96.37M
Weight: 0.12%
AUM: 78.27B USD
Expense ratio: 0.19%
Price / 1D: $278.94+0.49%

Vanguard Morningstar Small-Cap ETFVB

Market value: 90.22M
Weight: 0.05%
AUM: 185.3B USD
Expense ratio: 0.03%
Price / 1D: $289.48+0.64%

U.S. Small Cap Value Portfolio ETF Class SharesDFSV

Market value: 68.39M
Weight: 0.25%
AUM: 26.81B USD
Expense ratio: 0.33%
Price / 1D: $37.95-0.39%

Vanguard Morningstar Small-Cap Value ETFVBR

Market value: 57.33M
Weight: 0.08%
AUM: 68.2B USD
Expense ratio: 0.05%
Price / 1D: $234.43+0.22%

Vanguard Extended Market ETFVXF

Market value: 45.55M
Weight: 0.05%
AUM: 95.4B USD
Expense ratio: 0.05%
Price / 1D: $235+0.80%

Dimensional - US Targeted Value ETFDFAT

Market value: 43.34M
Weight: 0.14%
AUM: 30.12B USD
Expense ratio: 0.33%
Price / 1D: $67.27-0.43%

iShares Russell 2000 Value ETFIWN

Market value: 34.9M
Weight: 0.25%
AUM: 13.85B USD
Expense ratio: 0.24%
Price / 1D: $210.87-0.04%

Continue in GoAI

Research INDB

AI-generated and delayed market data for informational and educational purposes only. Not investment advice.

Regular session · ET · Market data may be delayed.

Company profile

Industry: Banks - Regional
Sector: Financial Services
Headquarters: US

Market position

Day range

Current $77.02

$76.545$77.4325

52-week range

Current $77.02

$63.33$87.50

Open: $77.12
Previous close: $77.12
Volume: 413.36K
Market cap: 3.72B USD
50-day average: $82.3862; -6.51% below average
200-day average: $80.1871; -3.95% below average

Regular session · ET · Market data may be delayed.

GoAI snapshot

Jul 10, 2026

67/ 100

GoAI Score

Buy

Valuation

Undervalued

Sentiment

Bullish

Risk

Moderate Risk

Momentum

Neutral

Full GoAI research

Thesis, catalysts, evidence, and risk analysis.

View full GoAI research

Company profile

Industry: Banks - Regional
Sector: Financial Services
Headquarters: US

Market position

Day range

Current $77.02

$76.545$77.4325

52-week range

Current $77.02

$63.33$87.50

Open: $77.12
Previous close: $77.12
Volume: 413.36K
Market cap: 3.72B USD
50-day average: $82.3862; -6.51% below average
200-day average: $80.1871; -3.95% below average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value: 4.29B USD
P/E (TTM): 13.9×
P/B (TTM): 1.05×
P/S (TTM): 2.96×
EV / EBITDA: 13.87×
Earnings yield: 5.68%
Free cash flow yield: 6.63%
Dividend yield: 3.26%

Profitability & efficiency

Gross margin: 70.40%
Operating margin: 22.66%
Net margin: 21.64%
Return on equity: 5.75%
Return on assets: 0.82%
Return on invested capital: 0.84%

Financial health

Debt / equity: 0.2×
Current ratio: 0.55×
Altman Z-score: -0.72
Piotroski F-score: 7 of 9

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin

Income trends

Revenue

1.17B USD+19.82%

Operating income

266.92M USD+8.01%

Net income

205.12M USD+6.79%

Financial statements: Income statement
Metric (USD)	FY2025	FY2024	FY2023	FY2022	FY2021
Revenue	1.17B USD	974.14M USD	911.33M USD	749.84M USD	515.98M USD
Cost of goods sold	374.29M USD	327.27M USD	212.46M USD	36.09M USD	31.92M USD
Gross profit	792.88M USD	646.86M USD	698.88M USD	713.75M USD	484.06M USD
Selling, general, and administrative	297.74M USD	244.55M USD	234.09M USD	211.66M USD	176.57M USD
Operating expenses	525.96M USD	399.74M USD	383.74M USD	365.99M USD	327.39M USD
Interest income	1.02B USD	852.75M USD	795.73M USD	642.84M USD	415.28M USD
Interest expense	313.57M USD	291.02M USD	189.21M USD	29.59M USD	13.72M USD
Depreciation and amortization	42.14M USD	40.89M USD	36.1M USD	38.8M USD	32.82M USD
Operating income	266.92M USD	247.13M USD	315.13M USD	347.75M USD	156.68M USD
Net income	205.12M USD	192.08M USD	239.5M USD	263.81M USD	120.99M USD

Company facts updated Oct 10, 2026.

Earnings

EPS beat rate: 64%; 7 beats, 4 misses, 0 met estimates
Average EPS surprise: +0.11%; 11 comparable reports
Latest EPS result: 1.7; Estimate 1.79 · Miss by 5.03%

EPS: actual versus estimate

Recent quarterly results

ActualEstimate

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate

Analyst ratings

Third-party consensus; not a GoAI recommendation.

Analyst price target

Average target

$93.33

21.18% upside

Past 12 months12-month forecastHigh $97.00Average $93.33Low $88.00

Rating distribution

15 ratings

Strong buy17%

Buy533%

Hold747%

Sell213%

Strong sell00%

Corporate actions

Annual dividends per share

Cash distributions grouped by calendar year; partial years are marked.

$2.36

2025 complete year+22.9% since 2021

2026 partial: $1.92

$1.92

2,021

$2.08

2,022

$2.20

2,023

$2.28

2,024

$2.36

2,025

$1.92

2,026*

* Partial calendar year in the available dividend history.

Corporate action history

Action	Ex-dividend date	Details	Record date	Payment date
Dividend	Sep 28, 2026	$0.64Quarterly	Sep 28, 2026	Oct 9, 2026
Dividend	Jun 29, 2026	$0.64Quarterly	Jun 29, 2026	Jul 9, 2026
Dividend	Mar 30, 2026	$0.64Quarterly	Mar 30, 2026	Apr 9, 2026
Dividend	Dec 29, 2025	$0.59Quarterly	Dec 29, 2025	Jan 7, 2026
Dividend	Sep 29, 2025	$0.59Quarterly	Sep 29, 2025	Oct 7, 2025
Dividend	Jun 30, 2025	$0.59Quarterly	Jun 30, 2025	Jul 7, 2025

Dividend

Ex-dividend Sep 28, 2026

$0.64

Quarterly

Record Sep 28, 2026 · Payment Oct 9, 2026

Dividend

Ex-dividend Jun 29, 2026

$0.64

Quarterly

Record Jun 29, 2026 · Payment Jul 9, 2026

Dividend

Ex-dividend Mar 30, 2026

$0.64

Quarterly

Record Mar 30, 2026 · Payment Apr 9, 2026

Dividend

Ex-dividend Dec 29, 2025

$0.59

Quarterly

Record Dec 29, 2025 · Payment Jan 7, 2026

Dividend

Ex-dividend Sep 29, 2025

$0.59

Quarterly

Record Sep 29, 2025 · Payment Oct 7, 2025

Dividend

Ex-dividend Jun 30, 2025

$0.59

Quarterly

Record Jun 30, 2025 · Payment Jul 7, 2025

INDB peers

IBKR

Interactive Brokers Group, Inc.

$87.87

+1.62%

CME

CME Group Inc.

$280.56

+1.49%

HOOD

Robinhood Markets, Inc.

$109.02

+1.88%

SATA

Strive Inc. Perp. Pfd. Series A

$99.10

+0.34%

NDAQ

Nasdaq, Inc.

$93.65

+1.39%

PYPL

PayPal Holdings, Inc.

$55.53

+0.93%

ETFs holding INDB

Funds reporting this stock among their holdings, ordered by reported position size.

ETFMarket valueWeightAUMExpense ratioPrice / 1D

Vanguard Morningstar Total Stock Market ETFVTI124.99M0.01%2.3T USD0.03%$381.94+0.63%

iShares Russell 2000 ETFIWM96.37M0.12%78.27B USD0.19%$278.94+0.49%

Vanguard Morningstar Small-Cap ETFVB90.22M0.05%185.3B USD0.03%$289.48+0.64%

U.S. Small Cap Value Portfolio ETF Class SharesDFSV68.39M0.25%26.81B USD0.33%$37.95-0.39%

Vanguard Morningstar Small-Cap Value ETFVBR57.33M0.08%68.2B USD0.05%$234.43+0.22%

Vanguard Extended Market ETFVXF45.55M0.05%95.4B USD0.05%$235+0.80%

Dimensional - US Targeted Value ETFDFAT43.34M0.14%30.12B USD0.33%$67.27-0.43%

iShares Russell 2000 Value ETFIWN34.9M0.25%13.85B USD0.24%$210.87-0.04%

Vanguard Morningstar Total Stock Market ETFVTI

Market value: 124.99M
Weight: 0.01%
AUM: 2.3T USD
Expense ratio: 0.03%
Price / 1D: $381.94+0.63%

iShares Russell 2000 ETFIWM

Market value: 96.37M
Weight: 0.12%
AUM: 78.27B USD
Expense ratio: 0.19%
Price / 1D: $278.94+0.49%

Vanguard Morningstar Small-Cap ETFVB

Market value: 90.22M
Weight: 0.05%
AUM: 185.3B USD
Expense ratio: 0.03%
Price / 1D: $289.48+0.64%

U.S. Small Cap Value Portfolio ETF Class SharesDFSV

Market value: 68.39M
Weight: 0.25%
AUM: 26.81B USD
Expense ratio: 0.33%
Price / 1D: $37.95-0.39%

Vanguard Morningstar Small-Cap Value ETFVBR

Market value: 57.33M
Weight: 0.08%
AUM: 68.2B USD
Expense ratio: 0.05%
Price / 1D: $234.43+0.22%

Vanguard Extended Market ETFVXF

Market value: 45.55M
Weight: 0.05%
AUM: 95.4B USD
Expense ratio: 0.05%
Price / 1D: $235+0.80%

Dimensional - US Targeted Value ETFDFAT

Market value: 43.34M
Weight: 0.14%
AUM: 30.12B USD
Expense ratio: 0.33%
Price / 1D: $67.27-0.43%

iShares Russell 2000 Value ETFIWN

Market value: 34.9M
Weight: 0.25%
AUM: 13.85B USD
Expense ratio: 0.24%
Price / 1D: $210.87-0.04%

Continue in GoAI

Research INDB

AI-generated and delayed market data for informational and educational purposes only. Not investment advice.

Independent Bank Corp.

INDB company overview

Independent Bank Corp.

INDB company overview

GoAI snapshot

Company profile

Market position

Financials

Financial snapshot

Valuation & yield

Profitability & efficiency

Financial health

Financial statements

Margin trends

Income trends

Earnings

EPS: actual versus estimate

Revenue: actual versus estimate

Analyst ratings

Analyst price target

Rating distribution

Corporate actions

Annual dividends per share

Corporate action history

INDB peers

ETFs holding INDB

Continue in GoAI

INDB company overview

Company profile

Market position

INDB company overview

INDB company overview

Company profile

Market position

INDB company overview

GoAI snapshot

Company profile

Market position

Financials

Financial snapshot

Valuation & yield

Profitability & efficiency

Financial health

Financial statements

Margin trends

Income trends

Earnings

EPS: actual versus estimate

Revenue: actual versus estimate

Analyst ratings

Analyst price target

Rating distribution

Corporate actions

Annual dividends per share

Corporate action history

INDB peers

ETFs holding INDB

Continue in GoAI