INDBNasdaqState Commercial BanksFiscal year ends December 31
INDEPENDENT BANK CORP
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Aug 6, 2026
$79.46−0.42 (-0.53%)
Close on Oct 19, 2026
- Market cap
- $3.82B
- P/E (TTM)
- 14.3
- Dividend yield
- 2.97%
Independent Bank statistics
Financials through Jun 30, 2026, price as of Oct 19, 2026, median of State Commercial Banks companies for comparison
Valuation
| Measure | Independent Bank | Industry median |
|---|---|---|
| Market Cap | $3.76B | $679.86M |
| Enterprise Value | $2.76B | $408.94M |
| PE Ratio | 14.34 | 11.99 |
| PS Ratio | 3.75 | 3.59 |
| PB Ratio | 1.07 | 1.18 |
| P/TBV Ratio | 1.64 | 1.41 |
| P/FCF Ratio | 12.39 | 10.89 |
| P/OCF Ratio | 11.70 | 10.01 |
Enterprise value
| Measure | Independent Bank | Industry median |
|---|---|---|
| EV / Sales | 2.75 | 2.76 |
| EV / FCF | 9.09 | 8.23 |
Income (trailing twelve months)
| Measure | Independent Bank | Industry median |
|---|---|---|
| Revenue | $1.00B | $170.85M |
| Pretax Income | $350.30M | $70.12M |
| Net Income | $271.35M | $54.33M |
| EPS (Diluted) | $5.54 | $2.91 |
Margins
| Measure | Independent Bank | Industry median |
|---|---|---|
| Pretax Margin | 34.9% | 36.5% |
| Profit Margin | 27.0% | 29.1% |
| FCF Margin | 30.3% | 33.2% |
Returns
| Measure | Independent Bank | Industry median |
|---|---|---|
| Return on Equity (ROE) | 8.24% | 10.6% |
| Return on Assets (ROA) | 1.21% | 1.12% |
Growth
| Measure | Independent Bank | Industry median |
|---|---|---|
| Revenue Growth (YoY) | 41.0% | 11.8% |
| Net Income Growth (YoY) | 43.9% | 23.2% |
| EPS Growth (YoY) | 25.1% | 23.1% |
| FCF Growth (YoY) | 41.5% | 28.5% |
| Revenue Growth (3Y CAGR) | 5.61% | 5.82% |
| Revenue Growth (5Y CAGR) | 12.3% | 6.17% |
| EPS Growth (3Y CAGR) | -7.94% | 1.31% |
| EPS Growth (5Y CAGR) | 4.05% | 8.24% |
Balance sheet
| Measure | Independent Bank | Industry median |
|---|---|---|
| Cash & Short-Term Investments | $1.00B | $205.54M |
| Net Cash (Debt) | $1.00B | $164.40M |
| Net Cash Per Share | $21.14 | $8.13 |
| Equity (Book Value) | $3.51B | $563.88M |
| Book Value Per Share | $74.15 | $28.47 |
| Tangible Book Value | $2.30B | $475.36M |
Cash flow (trailing twelve months)
| Measure | Independent Bank | Industry median |
|---|---|---|
| Operating Cash Flow | $321.72M | $61.52M |
| Capital Expenditures | -$17.92M | -$4.08M |
| Free Cash Flow | $303.80M | $52.15M |
| FCF Per Share | $6.41 | $3.05 |
Efficiency
| Measure | Independent Bank | Industry median |
|---|---|---|
| Asset Turnover | 0.04 | 0.04 |
| Revenue Per Employee | $437.54K | $353.78K |
| Profits Per Employee | $118.29K | $107.28K |
| Employee Count | 2,294 | 489 |
Dividends and yields
| Measure | Independent Bank | Industry median |
|---|---|---|
| Earnings Yield | 7.21% | 8.13% |
| FCF Yield | 8.07% | 8.91% |
| Dividend Yield | 2.97% | 2.48% |
| Buyback Yield | 5.29% | 1.55% |
| Shareholder Yield | 8.26% | 3.13% |
| Dividend Per Share | $2.36 | $0.93 |
| Dividend Growth (YoY) | 3.51% | 4.26% |
| Years of Dividend Growth | 3 | 2 |
| Payout Ratio | 42.3% | 29.3% |
| FCF Payout Ratio | 37.7% | 26.0% |
Shares
| Measure | Independent Bank | Industry median |
|---|---|---|
| Shares Outstanding | 47,369,100 | 18,839,100 |
| Shares Change (YoY) | 15.5% | 0.40% |
| Shares Change (QoQ) | -1.96% | 0.00% |
| Float | 46,592,100 | 17,061,900 |
| Shares Held by Insiders | 1.64% | 5.89% |
| Shares Held by Institutions | 86.0% | 61.9% |
Scores
| Measure | Independent Bank | Industry median |
|---|---|---|
| Graham Number | $96.14 | $45.31 |
| Graham Upside | 21.0% | 21.9% |
| Altman Z-Score | 0.22 | 0.21 |
| Piotroski F-Score | 4 | 6 |
Calculated by StockData from Independent Bank's SEC filings and the latest closing price. Hover a measure to see its formula. The grey column is the median of companies in the same industry group (two-digit SIC code); green or red marks a better or worse value than that median.