
Independent Bank Corp.
INDBNASDAQFinancial ServicesBanks - Regional
Previous close
$83.73
+$0.22 · +0.26%
INDB company overview
Regular session · ET · Market data may be delayed.
GoAI snapshot
AI-powered factor overview
GoAI score
Buy
Favorable setup — positive multi-factor alignment
Valuation
76
Undervalued
Momentum
52
Neutral
Sentiment
71
Bullish
Risk resilience
79
Moderate Risk
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Company profile
Company websiteIndependent 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.
- Industry
- Banks - Regional
- Sector
- Financial Services
- Headquarters
- US
- CEO
- Jeffrey J. Tengel
- Listed since
- May 14, 1986
- Employees
- 2,294
Market position
Day range
Current $83.73
52-week range
Current $83.73
- Open
- $83.88
- Previous close
- $83.51
- Volume
- 331.67K
- 0.89× average
- Average volume
- 373.21K
- Average daily volume
- Market cap
- 4.04B USD
- Beta
- 0.79
- Market reference 1
- 50-day average
- $84.1982
- -0.56% below average
- 200-day average
- $78.7107
- +6.38% above average
Financials
Financial snapshot
Latest / TTMValuation & yield
- P/E (TTM)
- 15.11×
- P/B (TTM)
- 1.15×
- P/S (TTM)
- 3.22×
- Dividend yield
- 2.94%
Profitability & efficiency
- Gross margin
- 70.40%
- Operating margin
- 22.66%
- Net margin
- 21.64%
Financial health
- Debt / equity
- 0.2×
Financial statements
Margin trends
Profitability as a percentage of reported revenue.
Income trends
Revenue
Operating income
Net income
| 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 | 39.31M 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 Aug 24, 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
Revenue: actual versus estimate
Recent quarterly results
INDB news
ETFs holding INDB
Funds reporting this stock among their holdings, ordered by reported position size.
iShares Core S&P Small-Cap ETFIJR253.04M0.22%111.19B USD0.06%$147.31+0.64%
Vanguard Morningstar Total Stock Market ETFVTI129.27M0.01%2.3T USD0.03%$378.24+0.44%
iShares Russell 2000 ETFIWM104.11M0.13%81.62B USD0.19%$299.96+0.77%
Vanguard Morningstar Small-Cap ETFVB93.14M0.05%183.4B USD0.03%$304.76+0.64%
Vanguard Morningstar Small-Cap Value ETFVBR59.15M0.09%68.3B USD0.05%$249.18+0.68%
Vanguard Extended Market ETFVXF46.59M0.05%93.7B USD0.05%$245.53+0.82%
State Street SPDR Portfolio S&P 600 Small Cap ETFSPSM37.89M0.22%17.03B USD0.03%$57.28+0.61%
iShares Russell 2000 Value ETFIWN37.79M0.26%14.66B USD0.24%$224.81+0.45%
iShares Core S&P Small-Cap ETFIJR- Market value
- 253.04M
- Weight
- 0.22%
- AUM
- 111.19B USD
- Expense ratio
- 0.06%
- Price / 1D
- $147.31+0.64%
Vanguard Morningstar Total Stock Market ETFVTI- Market value
- 129.27M
- Weight
- 0.01%
- AUM
- 2.3T USD
- Expense ratio
- 0.03%
- Price / 1D
- $378.24+0.44%
iShares Russell 2000 ETFIWM- Market value
- 104.11M
- Weight
- 0.13%
- AUM
- 81.62B USD
- Expense ratio
- 0.19%
- Price / 1D
- $299.96+0.77%
Vanguard Morningstar Small-Cap ETFVB- Market value
- 93.14M
- Weight
- 0.05%
- AUM
- 183.4B USD
- Expense ratio
- 0.03%
- Price / 1D
- $304.76+0.64%
Vanguard Morningstar Small-Cap Value ETFVBR- Market value
- 59.15M
- Weight
- 0.09%
- AUM
- 68.3B USD
- Expense ratio
- 0.05%
- Price / 1D
- $249.18+0.68%
Vanguard Extended Market ETFVXF- Market value
- 46.59M
- Weight
- 0.05%
- AUM
- 93.7B USD
- Expense ratio
- 0.05%
- Price / 1D
- $245.53+0.82%
State Street SPDR Portfolio S&P 600 Small Cap ETFSPSM- Market value
- 37.89M
- Weight
- 0.22%
- AUM
- 17.03B USD
- Expense ratio
- 0.03%
- Price / 1D
- $57.28+0.61%
iShares Russell 2000 Value ETFIWN- Market value
- 37.79M
- Weight
- 0.26%
- AUM
- 14.66B USD
- Expense ratio
- 0.24%
- Price / 1D
- $224.81+0.45%
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