Independent Bank Statistics
Total Valuation
INDB has a market cap or net worth of $3.39 billion. The enterprise value is $3.28 billion.
Important Dates
The last earnings date was Thursday, July 17, 2025, after market close.
| Earnings Date | Jul 17, 2025 |
| Ex-Dividend Date | Jun 30, 2025 |
Share Statistics
INDB has 49.92 million shares outstanding. The number of shares has decreased by -1.41% in one year.
| Current Share Class | 49.92M |
| Shares Outstanding | 49.92M |
| Shares Change (YoY) | -1.41% |
| Shares Change (QoQ) | +0.16% |
| Owned by Insiders (%) | 2.10% |
| Owned by Institutions (%) | 76.03% |
| Float | 48.75M |
Valuation Ratios
The trailing PE ratio is 15.32 and the forward PE ratio is 10.20.
| PE Ratio | 15.32 |
| Forward PE | 10.20 |
| PS Ratio | 4.36 |
| Forward PS | 3.35 |
| PB Ratio | 0.94 |
| P/TBV Ratio | 1.63 |
| P/FCF Ratio | 15.78 |
| P/OCF Ratio | 14.53 |
| PEG Ratio | n/a |
Financial Ratio HistoryEnterprise Valuation
| EV / Earnings | 17.38 |
| EV / Sales | 4.94 |
| EV / EBITDA | n/a |
| EV / EBIT | n/a |
| EV / FCF | 15.26 |
Financial Position
| Current Ratio | n/a |
| Quick Ratio | n/a |
| Debt / Equity | n/a |
| Debt / EBITDA | n/a |
| Debt / FCF | 3.88 |
| Interest Coverage | n/a |
Financial Efficiency
Return on equity (ROE) is 6.29%.
| Return on Equity (ROE) | 6.29% |
| Return on Assets (ROA) | 0.96% |
| Return on Invested Capital (ROIC) | n/a |
| Return on Capital Employed (ROCE) | n/a |
| Revenue Per Employee | $360,780 |
| Profits Per Employee | $102,616 |
| Employee Count | 1,837 |
| Asset Turnover | n/a |
| Inventory Turnover | n/a |
Taxes
In the past 12 months, INDB has paid $52.71 million in taxes.
| Income Tax | 52.71M |
| Effective Tax Rate | 21.85% |
Stock Price Statistics
The stock price has increased by +18.49% in the last 52 weeks. The beta is 0.88, so INDB's price volatility has been lower than the market average.
| Beta (5Y) | 0.88 |
| 52-Week Price Change | +18.49% |
| 50-Day Moving Average | 64.69 |
| 200-Day Moving Average | 64.97 |
| Relative Strength Index (RSI) | 60.70 |
| Average Volume (20 Days) | 414,178 |
Short Selling Information
The latest short interest is 1.77 million, so 3.55% of the outstanding shares have been sold short.
| Short Interest | 1.77M |
| Short Previous Month | 1.88M |
| Short % of Shares Out | 3.55% |
| Short % of Float | 3.64% |
| Short Ratio (days to cover) | 3.44 |
Income Statement
In the last 12 months, INDB had revenue of $662.75 million and earned $188.51 million in profits. Earnings per share was $4.43.
| Revenue | 662.75M |
| Gross Profit | 662.75M |
| Operating Income | 262.50M |
| Pretax Income | 279.94M |
| Net Income | 188.51M |
| EBITDA | n/a |
| EBIT | n/a |
| Earnings Per Share (EPS) | $4.43 |
Full Income StatementBalance Sheet
The company has $945.22 million in cash and $833.62 million in debt, giving a net cash position of $111.60 million or $2.24 per share.
| Cash & Cash Equivalents | 945.22M |
| Total Debt | 833.62M |
| Net Cash | 111.60M |
| Net Cash Per Share | $2.24 |
| Equity (Book Value) | 3.07B |
| Book Value Per Share | 72.13 |
| Working Capital | -14.99B |
Full Balance SheetCash Flow
In the last 12 months, operating cash flow was $233.19 million and capital expenditures -$18.49 million, giving a free cash flow of $214.70 million.
| Operating Cash Flow | 233.19M |
| Capital Expenditures | -18.49M |
| Free Cash Flow | 214.70M |
| FCF Per Share | $4.30 |
Full Cash Flow StatementMargins
| Gross Margin | n/a |
| Operating Margin | 39.61% |
| Pretax Margin | 36.40% |
| Profit Margin | 28.44% |
| EBITDA Margin | n/a |
| EBIT Margin | n/a |
| FCF Margin | 32.40% |
Dividends & Yields
This stock pays an annual dividend of $2.36, which amounts to a dividend yield of 3.48%.
| Dividend Per Share | $2.36 |
| Dividend Yield | 3.48% |
| Dividend Growth (YoY) | 3.57% |
| Years of Dividend Growth | 14 |
| Payout Ratio | 52.37% |
| Buyback Yield | 1.41% |
| Shareholder Yield | 4.90% |
| Earnings Yield | 5.57% |
| FCF Yield | 6.34% |
Dividend DetailsAnalyst Forecast
The average price target for INDB is $71.00, which is 4.81% higher than the current price. The consensus rating is "Buy".
| Price Target | $71.00 |
| Price Target Difference | 4.81% |
| Analyst Consensus | Buy |
| Analyst Count | 3 |
| Revenue Growth Forecast (5Y) | n/a |
| EPS Growth Forecast (5Y) | n/a |
Stock ForecastsFair Value
There are several formulas that can be used to estimate the intrinsic value of a stock.
| Lynch Fair Value | |
| Lynch Upside | |
| Graham Number | |
| Graham Upside | |
Stock Splits
This stock does not have any record of stock splits.
| Last Split Date | n/a |
| Split Type | n/a |
| Split Ratio | n/a |
Scores
| Altman Z-Score | n/a |
| Piotroski F-Score | 4 |