Financial Services
Independent Bank Corp.(INDB)
Live Price
Offline$83.27
+1.81% today
1Y Change
+31.22%
Window
Jun 25, 2025 โ Jun 17, 2026
- Market Cap
- $3.79B
- Revenue Growth
- +19.8%
- EPS Growth
- -1.5%
- Dividend Yield
- 3.1%
Coverage: 246 bars ยท Jun 25, 2025 โ Jun 17, 2026
Research Briefing
A compact read on the setup, peer context, quarterly changes, and recent earnings reaction.
Research Snapshot
Independent Bank Corp. (INDB) is a Financial Services stock with a market cap of $3.79B and listed on NASDAQ. The stock last traded around $83.27 and up 31.2% across the available one-year price window (Jun 25, 2025 โ Jun 17, 2026). Baseline metrics include revenue growth of +19.8%, EPS growth of -1.5%, a dividend yield of 3.1%. What stands out right now is revenue +19.8%, EPS -1.5%, free cash flow +14.3% with operating margin 23.0% and ROIC 13.1%. The dividend matters to the case here, with a current yield around 3.1%. Valuation is more restrained than many high-expectation growth names at P/E 15.9 and price/sales 3.1. Overall, the current profile looks closer to a income-oriented value setup than a generic broad-market placeholder. Stock Foundry combines INDB price history, valuation, growth, dividend context, earnings, analyst forecasts, news, related Financial Services peers on this page.
Sector Context
How this name stacks up against nearby peers on first-pass metrics.
Revenue Growth
Above sector median
+19.8% vs +3.4% peer median
Operating Margin
Above sector median
+23.0% vs +4.7% peer median
What Changed This Quarter
Latest report context and the signals most likely to have changed the story.
Latest report is on the board
2026 was reported on Apr 23, 2026, but the surprise data is still limited.
The operating picture looks softer than before
Revenue is at +19.8% and EPS is at -1.5%, with operating margin around 23.0%.
Shareholder return is still part of the story
The stock is still offering a dividend yield around 3.1%, which matters if the thesis depends on income as much as growth.
Earnings Reaction Memory
How the stock has tended to move after recent reports.
Across the last 3 reported quarters, the stock averaged +1.8% over the next 5 trading days and finished higher after 1 of those reports.
View quarter-by-quarter reaction table
| Quarter | EPS ฮ | 1D | 5D | 20D |
|---|---|---|---|---|
2026 Apr 23, 2026 | โ | -0.6% | -0.3% | +0.5% |
2026 Jan 22, 2026 | +3.0% | -2.8% | -0.0% | +3.6% |
2025 Oct 16, 2025 | +0.7% | +2.9% | +5.8% | +7.2% |
Benchmark Edge
INDB vs SPY, QQQ, and Sector ETFs
Normalized return, excess return, max drawdown, and calendar-year wins against the benchmarks investors actually use.
INDB
โ
Normalized return
SPY
--
S&P 500
Excess Return
--
Relative to SPY
INDB Max Drawdown
-14.45%
Trailing 1Y
SPY Max Drawdown
โ
Trailing 1Y
Calendar-Year Returns
Uses the longest available daily history for INDB and SPY.
Company Overview
Independent Bank Corp.
NASDAQ Global Select
Independent Bank Corp. operates as the bank holding company for Rockland Trust Company that provides commercial banking products and services to individuals and small-to-medium sized businesses primarily in Massachusetts. The company accepts interest checking, money market, and savings accounts, as well as demand deposits and time certificates of deposit. It also offers commercial and industrial, commercial real estate and construction, small business, consumer real estate, and personal loans. In addition, the company provides investment management and trust services to individuals, institutions, small businesses, and charitable institutions; Internet and mobile banking services, as well as estate settlement, financial planning, tax services, and other services; automated teller machine and debit cards; and mutual fund and unit investment trust shares, general securities, fixed and variable annuities, and life insurance products. As of December 31, 2021, it operates one hundred nineteen retail branches, two limited-service retail branches, and one mobile branch located within Barnstable, Bristol, Dukes, Essex, Middlesex, Nantucket, Norfolk, Plymouth, Suffolk, and Worcester counties in Eastern Massachusetts. The company was founded in 1907 and is headquartered in Rockland, Massachusetts.
- Leadership
- Jeffrey J. Tengel
- IPO Date
- May 14, 1986
- Employees
- 1.8k
- Street Address
- 288 Union Street
- Mailing
- Rockland, MA, 02370
- Region
- Rockland, MA, US
- Reporting Currency
- USD
- Investor Line
- 781 878 6100
- Last Updated
- Apr 30, 2026
Key Fundamentals
Valuation, growth, profitability, and balance sheet signals.
Valuation
- P/E
- 15.9
- EV/EBITDA
- 13.9
- Price/Sales
- 3.1
- Price/Book
- 1.1
Growth
- Revenue
- +19.8%
- EPS
- -1.5%
- Free Cash Flow
- +14.3%
Profitability
- Gross Margin
- 69.5%
- Operating Margin
- 23.0%
- Net Margin
- 19.8%
- ROE
- 7.0%
- ROIC
- 13.1%
Balance Sheet
- Debt/Equity
- 0.22
- Current Ratio
- โ
Earnings Reports
Latest News
Official Releases
Company announcements and filings-style updates.
Next Step
Keep the research moving
After the overview, the strongest next step is usually chart context or a tighter compare set.