Independent Bank Corp (INDB) stock
INDBNasdaqState Commercial BanksFiscal year ends December 31
Financials through Q3 FY2026, quarter ended Sep 30, 2026Last filing: 10-Q on Nov 9, 2026Score 15/303% below fair value
$84.12−0.50 (-0.59%)
Close on Nov 12, 2026Market cap $3.98BP/E 12.5Yield 2.81%
Independent Bank statistics
89 measures from SEC filings and the closing price. Hover a name for the formula; the last column is the median of companies in the same industry group.
Important dates
- Next earnings
- Jan 21, 2027 (estimated, after the close)
- Last ex-dividend date
- Sep 28, 2026
- Fundamentals through
- Sep 30, 2026
- Share price as of
- Nov 12, 2026
Valuation ratiosIndustry
- P/TBV Ratio
- 1.77
- 1.52
- P/OCF Ratio
- 10.60
- 9.78
Enterprise valuationIndustry
- EV / Sales
- 3.25
- 2.95
- EV / FCF
- 9.40
- 8.51
Share statisticsIndustry
- Shares Change (YoY)
- 9.09%
- 0.35%
- Shares Change (QoQ)
- -1.42%
- 0.00%
- Float
- 47M
- 17M
- Shares Held by Insiders
- 1.64%
- 6.05%
- Shares Held by Institutions
- 86.0%
- 61.3%
Short sellingIndustry
- Short Interest
- 2M
- –
- Short Interest Change
- -18.4%
- -4.13%
- Short % of Float
- 4.01%
- 3.58%
- Short % of Shares Outstanding
- 3.94%
- 3.18%
- Days to Cover
- 4.32
- 4.85
Stock price statisticsIndustry
- 52-Week High
- $88.58
- –
- 52-Week Low
- $66.17
- –
- 20-Day Moving Average
- $83.36
- –
- 50-Day Moving Average
- $81.48
- –
- 200-Day Moving Average
- $80.93
- –
- Average True Range (14)
- $1.82
- –
- Price Change (1 Week)
- -0.33%
- 0.51%
- Price Change (1 Month)
- 10.6%
- 4.83%
- Price Change (3 Months)
- -2.12%
- -3.58%
- Price Change (6 Months)
- 9.36%
- 10.8%
- Price Change (YTD)
- 15.1%
- 19.6%
- Price Change (1 Year)
- 19.9%
- 25.4%
- Price Change (3 Years)
- 62.3%
- 76.7%
- Price Change (5 Years)
- -4.18%
- 26.5%
- Price Change (10 Years)
- 33.9%
- 67.0%
- Average Volume (10 Days)
- 294,218
- –
- Average Volume (20 Days)
- 376,561
- –
- Average Volume (90 Days)
- 379,904
- –
- Relative Volume
- 0.43
- 0.67
- Relative Strength Index (14)
- 55.2
- 52.6
- Volatility (1 Year)
- 22.2%
- 24.4%
- Beta (5 Years)
- 0.69
- 0.63
MarginsIndustry
- Pretax Margin
- 41.4%
- 36.9%
- FCF Margin
- 34.6%
- 33.8%
Returns on capitalIndustry
- Return on Equity (ROE)
- 9.34%
- 10.8%
- Return on Assets (ROA)
- 1.31%
- 1.16%
GrowthIndustry
- Revenue Growth (YoY)
- 30.9%
- 11.8%
- Net Income Growth (YoY)
- 81.8%
- 22.7%
- EPS Growth (YoY)
- 64.2%
- 21.6%
- FCF Growth (YoY)
- 76.8%
- 27.5%
- 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%
EfficiencyIndustry
- Asset Turnover
- 0.04
- 0.04
- Revenue Per Employee
- $445.47K
- $359.04K
- Profits Per Employee
- $142.48K
- $110.51K
- Employee Count
- 2,294
- 492
- WACC
- 8.31%
- 7.91%
Income statement (TTM)Industry
- Pretax Income
- $422.94M
- $74.07M
Balance sheetIndustry
- Net Cash (Debt)
- $659.38M
- $166.15M
- Net Cash Per Share
- $13.92
- $8.19
- Equity (Book Value)
- $3.45B
- $570.13M
- Book Value Per Share
- $72.88
- $28.22
- Tangible Book Value
- $2.25B
- $478.27M
Cash flow (TTM)Industry
- Capital Expenditures
- -$22.22M
- -$4.27M
- FCF Per Share
- $7.47
- $3.35
Dividends and yieldsIndustry
- Earnings Yield
- 8.20%
- 8.32%
- FCF Yield
- 8.88%
- 9.23%
- Dividend Yield
- 2.81%
- 2.44%
- Buyback Yield
- 5.85%
- 1.80%
- Shareholder Yield
- 8.66%
- 3.22%
- Dividend Per Share
- $2.36
- $0.92
- Dividend Growth (YoY)
- 3.51%
- 4.26%
- Years of Dividend Growth
- 3
- 2
- Payout Ratio
- 36.7%
- 29.0%
- FCF Payout Ratio
- 33.9%
- 24.8%
Scores and fair valueIndustry
- Graham Number
- $105.21
- $45.31
- Graham Upside
- 25.1%
- 18.8%
- Altman Z-Score
- 0.23
- 0.22
- Piotroski F-Score
- 4
- 6
Total return vs. the S&P 500
Price change plus reinvested dividends, to the close on Nov 12, 2026. The S&P 500 is measured by the SPY fund.
| Period | INDB | S&P 500 | Difference | INDB per year | S&P 500 per year |
|---|---|---|---|---|---|
| 1 month | +9.0% | -2.7% | +11.7 pts | ||
| 3 months | -0.6% | -1.7% | +1.1 pts | ||
| Year to date | +17.9% | +11.9% | +6.0 pts | ||
| 1 year | +24.6% | +12.0% | +12.6 pts | ||
| 3 years | +81.0% | +78.2% | +2.8 pts | +21.9% | +21.2% |
| 5 years | +13.8% | +73.2% | −59.5 pts | +2.6% | +11.6% |
| 10 years | +79.0% | +309.6% | −230.6 pts | +6.0% | +15.1% |
Short interest
Shares sold short and not yet covered, reported by brokers to FINRA twice a month. Latest settlement date Oct 30, 2026.
2M INDB shares were sold short on Oct 30, 2026, down 18.4% from the previous report, or 4.01% of the shares available to trade. At recent volumes it would take 4.3 days to buy them back. Over the last 20 sessions, 57.6% of the volume reported to FINRA was short selling.
| Settlement date | Shares short | Change | Avg. daily volume | Days to cover |
|---|---|---|---|---|
| Oct 30, 2026 | 1,867,989 | -18.4% | 431,969 | 4.3 |
| Oct 15, 2026 | 2,288,465 | +7.9% | 527,311 | 4.3 |
| Sep 30, 2026 | 2,119,942 | -3.7% | 418,232 | 5.1 |
| Sep 15, 2026 | 2,201,320 | +7.7% | 286,763 | 7.7 |
| Aug 31, 2026 | 2,043,200 | +6.4% | 273,141 | 7.5 |
| Aug 14, 2026 | 1,920,523 | +1.8% | 258,343 | 7.4 |
| Jul 31, 2026 | 1,885,905 | -3.9% | 462,699 | 4.1 |
| Jul 15, 2026 | 1,963,055 | -4.0% | 344,369 | 5.7 |
| Jun 30, 2026 | 2,044,764 | -3.2% | 549,321 | 3.7 |
| Jun 15, 2026 | 2,113,101 | -1.5% | 292,250 | 7.2 |
| May 29, 2026 | 2,144,342 | +6.5% | 303,538 | 7.1 |
| May 15, 2026 | 2,013,835 | +1.3% | 313,321 | 6.4 |
Ratios use trailing-twelve-month results and the latest balance sheet. How we calculate.
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