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Independent Bank Corp.

Data quality: 100%
INDB
NASDAQ Financial Services Banks - Regional
$75.14
▲ $0.44 (0.59%)
Mkt Cap: 3.73B
Day Range
$75.12 $77.07
52-Week Range
$52.15 $87.00
Volume
481,874
50D / 200D Avg
$79.22 / $71.45
Prev Close
$74.70

Price History

Financial Trends

Peer Comparison

vs Financial Services sector median (854 peers)

Metric Stock Sector Median
P/E 18.2 10.3
P/B 1.0 1.1
ROE % 6.3 11.7
Net Margin % 17.6 16.8
Rev Growth 5Y % 22.6 11.7
D/E 0.3 0.5

Key Takeaways

Revenue grew 22.64% annually over 5 years — strong growth
Net margin of 17.57% shows strong profitability
Debt/Equity of 0.25 — conservative balance sheet
Generating 239.50M in free cash flow
Cash machine — converts 116.76% of earnings into free cash flow
Capital efficient — spends only 1.04% of revenue on capex

Growth

Revenue Growth (5Y)
22.64%
Revenue (1Y)19.82%
Earnings (1Y)6.79%
FCF Growth (3Y)-4.23%

Quality

Return on Equity
6.25%
ROIC4.48%
Net Margin17.57%
Op. Margin22.87%

Safety

Debt / Equity
0.25
Current Ratio0.55
Interest Coverage0.85

Valuation

P/E Ratio
18.16
P/B Ratio1.04
EV/EBITDA16.47
Dividend Yield0.03%

All Fundamental Metrics

Growth
Revenue Growth (1Y) 19.82% Revenue Growth (3Y) 13.17%
Earnings Growth (1Y) 6.79% Earnings Growth (3Y) -7.46%
Revenue Growth (5Y) 22.64% Earnings Growth (5Y) 14.11%
Profitability
Revenue (TTM) 1.17B Net Income (TTM) 205.12M
ROE 6.25% ROA 0.82%
Gross Margin 67.93% Operating Margin 22.87%
Net Margin 17.57% Free Cash Flow (TTM) 239.50M
ROIC 4.48% FCF Growth (3Y) -4.23%
Safety
Debt / Equity 0.25 Current Ratio 0.55
Interest Coverage 0.85 Dividend Yield 0.03%
Valuation
P/E Ratio 18.16 P/B Ratio 1.04
P/S Ratio 3.19 PEG Ratio -11.38
EV/EBITDA 16.47 Dividend Yield 0.03%
Market Cap 3.73B Enterprise Value 4.40B

Income Statement

Annual, most recent first

Income statement data, annual, most recent first
Metric FY2025 FY2024 FY2023 FY2022 FY2021
Revenue 1.17B 974.14M 911.33M 749.84M 515.98M
Net Income 205.12M 192.08M 239.50M 263.81M 120.99M
EPS (Diluted) 4.45 4.52 5.42 5.69 3.47
Gross Profit 792.88M 646.86M 698.88M 713.75M 484.06M
Operating Income 266.92M 247.13M 315.13M 347.75M 156.68M

Balance Sheet

Annual, most recent first

Balance sheet data, annual, most recent first
Metric FY2025 FY2024 FY2023 FY2022 FY2021
Total Assets 24.91B 19.37B 19.35B 19.29B 20.42B
Total Liabilities 21.35B 16.38B 16.45B 16.41B 17.40B
Shareholders' Equity 3.57B 2.99B 2.90B 2.89B 3.02B
Total Debt 901.25M 701.37M 1.22B 113.38M 152.37M
Cash & Equivalents 229.77M 219.89M 224.33M 352.93M 2.24B
Current Assets 229.77M 367.16M 1.56B 1.75B 3.81B
Current Liabilities 415.62M 15.31B 14.87B 15.88B 16.92B

Strategy Scores

This stock passed the criteria for 1 strategy

Score = fit strength (0–100)
Rank = position among all matches
#853 of 1024
28

Recent Activity

Entered Cash Flow Compounder
Mar 24, 2026