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    Independent Bank (INDB)

    Official site

    FINANCIAL SERVICES • BANKS - REGIONAL • NASDAQ

    $77.08
    +1.04 (+1.37%)

    Market Cap: $3.60B

    Last updated: Oct 16, 2026 at 1:55 PM ET

    Earnings

    Performance (10Y)

    Beat Rate
    69%(27/39)
    Avg Surprise
    +3.80%

    Upcoming Estimates

    Period ending Dec 31, 2026
    EPS Consensus$1.87
    Range$1.72 - $1.97
    7 analysts
    Revenue Consensus
    $263M
    Range$260M - $265M
    4 analysts
    PeriodReportedEst.SurpriseB/MYoY
    Dec 26EST
    		-$1.87---
    Sep 26
    Reported Oct 15
    		$N/A$1.84N/ABeat-
    Jun 26
    Reported Jul 16
    		$1.70$1.77-3.95%Miss+36.0%
    Mar 26
    Reported Apr 16
    		$1.68$1.66+1.20%Beat+58.5%
    Dec 25
    Reported Jan 22
    		$1.70$1.65+3.03%Beat+40.5%
    Sep 25
    Reported Oct 16
    		$1.55$1.54+0.65%Beat+53.5%
    Jun 25
    Reported Jul 17
    		$1.25$1.21+3.31%Beat+3.3%
    Mar 25
    Reported Apr 17
    		$1.06$1.17-9.40%Miss-5.4%
    Dec 24
    Reported Jan 16
    		$1.21$1.16+4.31%Beat-4.0%
    Sep 24
    Reported Oct 17
    		$1.01$1.03-1.94%Miss-26.8%
    Jun 24
    Reported Jul 18
    		$1.21$1.12+8.04%Beat-14.8%
    Mar 24
    Reported Apr 18
    		$1.12$1.15-2.61%Miss-17.6%
    Dec 23
    Reported Jan 18
    		$1.26$1.25+0.80%Beat-25.4%
    Sep 23
    Reported Oct 19
    		$1.38$1.33+3.76%Beat-12.1%
    Jun 23
    Reported Jul 20
    		$1.42$1.36+4.41%Beat+7.6%
    Mar 23
    Reported Apr 20
    		$1.36$1.50-9.33%Miss+10.6%
    Dec 22
    Reported Jan 19
    		$1.69$1.65+2.42%Beat+3.7%
    Sep 22
    Reported Oct 20
    		$1.57$1.42+10.56%Beat+25.6%
    Jun 22
    Reported Jul 21
    		$1.32$1.26+4.76%Beat+12.8%
    Mar 22
    Reported Apr 21
    		$1.23$1.26-2.38%Miss-2.4%
    Dec 21
    Reported Jan 20
    		$1.63$1.10+48.18%Beat+55.2%
    Sep 21
    Reported Oct 21
    		$1.25$1.02+22.55%Beat+16.8%
    Jun 21
    Reported Jul 22
    		$1.17$1.08+8.33%Beat+53.9%
    Mar 21
    Reported Apr 22
    		$1.26$1.09+15.60%Beat+61.5%
    Dec 20
    Reported Jan 21
    		$1.05$1.03+1.94%Beat-23.9%
    Sep 20
    Reported Oct 22
    		$1.07$0.81+32.10%Beat-28.7%
    Jun 20
    Reported Jul 23
    		$0.76$0.62+22.58%Beat-46.5%
    Mar 20
    Reported Apr 23
    		$0.78$1.19-34.45%Miss-39.1%
    Dec 19
    Reported Feb 27
    		$1.38$1.39-0.72%Miss+7.0%
    Sep 19
    Reported Oct 17
    		$1.50$1.41+6.38%Beat+18.1%
    Jun 19
    Reported Jul 18
    		$1.42$1.31+8.40%Beat+24.6%
    Mar 19
    Reported Apr 18
    		$1.28$1.30-1.54%Miss+28.0%
    Dec 18
    Reported Feb 28
    		$1.29$1.29+0.00%Beat+44.9%
    Sep 18
    Reported Oct 18
    		$1.27$1.20+5.83%Beat+46.0%
    Jun 18
    Reported Jul 19
    		$1.14$1.09+4.59%Beat+39.0%
    Mar 18
    Reported Apr 19
    		$1.00$1.05-4.76%Miss+28.2%
    Dec 17
    Reported Feb 27
    		$0.89$0.89+0.00%Beat+17.1%
    Sep 17
    Reported Oct 19
    		$0.87$0.90-3.33%Miss-
    Jun 17
    Reported Jul 20
    		$0.82$0.82+0.00%Beat-
    Mar 17
    Reported Apr 20
    		$0.78$0.78+0.00%Beat-
    Dec 16
    Reported Feb 28
    		$0.76$0.77-1.30%Miss-

    Dividends

    Dividend Metrics

    Forward Yield3.32%
    Forward Annual Dividend$2.56
    Payout Ratio44.45%
    FrequencyQuarterly
    Pay MonthsJan, Apr, Jul, Oct

    Growth

    3Y CAGR+4.30%
    5Y CAGR+5.10%
    INDB dividend history and ex-dividend datesRun INDB in the free DRIP calculator

    Key Metrics

    Valuation
    P/E Ratio11.63EV/EBITDA10.61x
    Price/FCF12.19xFCF Yield8.20%
    Profitability
    Profit Margin28.60%Operating Margin47.20%
    ROE8.24%ROIC6.44%
    Financial Health
    Debt/Equity0.20xInterest Coverage1.05x
    Current RatioN/AQuick RatioN/A
    Trading Statistics
    Beta0.80Avg Volume477.57K
    52-Week High$86.8152-Week Low$62.39

    Technical Indicators Dashboard

    Moving Averages

    SMA 10$77.86
    SMA 20$78.70
    SMA 50$81.10
    SMA 200$79.39
    EMA 10$77.57
    EMA 20$78.59
    EMA 50$80.20
    EMA 200$78.26

    MACD

    Line: -1.28Signal: -1.12Hist: -0.15

    ADX

    ADX: 30.8+DI: 17.6-DI: 33.6

    Aroon & PSAR

    Aroon Up12.0
    Aroon Down96.0
    PSAR$80.07

    Bollinger Bands

    Upper Band$81.74
    Lower Band$75.65
    %B Position773%(Upper)
    Band Width0.23

    RSI (14-Day)

    Neutral
    38.6

    Momentum Oscillators

    Stoch %K20.2
    Stoch %D15.8
    Williams %R-64.0
    ROC (10d)-2.3%
    Momentum-1.85
    CCI (20d)-92.4
    MFI (14d)36.9

    Volatility Measures

    ATR (14d)$1.62(2.1%)
    StdDev (20d)1.52
    Hist Vol16.6%(Low)

    Volume Flow

    VWAP$76.92
    OBV-2.3M
    AD Line-137.1M
    CMF (20d)-0.410

    Volume Metrics

    Avg Vol (20d)486.4K
    Vol Ratio1.2x
    VWMA (20d)$78.70

    Pivot Points

    R3$78.09
    R2$77.28
    R1$76.66
    Pivot Point$75.84
    S1$75.22
    S2$74.41
    S3$73.79

    Advanced Oscillators

    TSI-25.74
    Ultimate Osc38.4
    KST-47.82

    Financial Data

    QuarterJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024Jun 2024Mar 2024Dec 2023Sep 2023
    Total Revenue$253.32M$252.72M$253.93M$243.74M$181.80M$178.04M$176.85M$175.25M$170.26M$167.38M$177.16M$183.42M
    Cost of RevenueN/A$77.81M$85.05M$129.93M$77.90M$81.42M$79.16M$94.32M$78.19M$75.61M$67.57M$58.55M
    Gross ProfitN/A$212.46M$253.93M$205.22M$172.62M$161.11M$167.42M$155.14M$164.40M$159.90M$169.37M$175.60M
    Operating Expenses$140.27M$142.92M$154.37M$160.84M$108.80M$105.88M$106.42M$100.44M$99.61M$99.89M$100.75M$97.78M
    R&D$0$0$0$0$0$0$0$0$0$0$0$0
    SG&A$0$0$0$0$0$0$0$0$0$0$0$0
    Operating IncomeN/A$69.55M$99.56M$44.39M$65.81M$57.17M$62.93M$55.31M$66.39M$62.49M$70.92M$80.14M
    Interest Income$289.29M$290.26M$297.54M$294.75M$218.19M$211.92M$216.32M$216.52M$211.86M$208.04M$207.17M$202.93M
    Interest Expense$78.36M$77.81M$85.05M$91.41M$70.70M$66.42M$71.66M$74.82M$73.94M$70.61M$62.07M$53.05M
    Income Before Tax$106.80M$104.30M$94.81M$44.39M$65.81M$57.17M$62.93M$55.31M$66.39M$62.49M$70.92M$80.14M
    Income Tax Expense$24.96M$24.38M$19.48M$10.13M$14.71M$12.74M$12.90M$12.36M$15.06M$14.72M$16.11M$19.33M
    Net Income$81.84M$79.92M$75.33M$34.26M$51.10M$44.42M$50.03M$42.95M$51.33M$47.77M$54.80M$60.81M
    EBITDA$116.68M$114.20M$103.91M$56.67M$74.63M$67.12M$71.65M$65.15M$76.96M$72.51M$78.79M$88.95M
    EBIT$106.80M$104.30M$94.81M$44.39M$65.81M$57.17M$62.93M$55.31M$66.39M$62.49M$70.92M$80.14M
    * Some calculated fields are derived from available data when not provided by source

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    News

    Independent Bank Releases Q3 2026 Financial Results

    Independent Bank (INDB) reported its Q3 2026 financial results, with diluted earnings per share of $1.90, exceeding the consensus estimate of $1.88. The bank's revenue for the quarter was $261.9 million...

    AlphaStreet•10/16/26•Bullish

    Earnings Report Might Change The Case For Investing In Independent Bank (INDB)

    Independent Bank Corp. (INDB) reported lower Q3 2026 net charge-offs of US$1.16 million, down from US$1.84 million in the prior year, ahead of its official earnings release. This figure...

    Simply Wall Street•10/15/26•Neutral

    Independent Bank (NASDAQ:INDB) Posts Better-Than-Expected Sales In Q3 2026

    Independent Bank (NASDAQ:INDB) reported better-than-expected revenue and non-GAAP profit in Q3 2026, with sales up 7.5% year-on-year to $261.9 million. The company's net interest income also surpassed analyst estimates...

    StockStory•10/15/26•Bullish

    Independent Bank stock climbs on earnings, revenue beat

    Independent Bank (NASDAQ:INDB) reported strong third-quarter results, surpassing analyst expectations for both earnings per share and revenue. The company's net income, net interest income, loan balances...

    Investing.com•10/15/26•Bullish

    Independent Bank Corp/MA (NASDAQ:INDB) Q3 2026 EPS Edges Estimates as Revenue Falls Short

    Independent Bank Corp/MA (NASDAQ:INDB) reported Q3 2026 earnings per share that slightly exceeded estimates ($1.90 vs. $1.8771)...

    ChartMill•10/15/26•Neutral

    INDB Valuation and Fair Value

    P/E
    11.6x
    Forward P/E
    9.5x
    EV/EBITDA
    10.6x
    P/FCF
    12.2x
    PEG
    11.0x
    P/B
    1.1x
    See GNG's fair value

    INDB Profitability: Margins, ROIC and FCF

    Operating margin
    47.2%
    Net margin
    28.6%
    ROIC
    6.4%
    ROE
    8.2%
    FCF margin
    30.3%
    FCF yield
    8.2%

    INDB Competitors

    CompanyTicker
    Palomar Holdings IncPLMR
    BancFirst CorporationBANF
    CVB Financial CorporationCVBF
    Renasant CorporationRNST
    Bread Financial Holdings, Inc.BFH
    Lazard LtdLAZ
    Texas Capital Bancshares, Inc.TCBI
    WesBanco, Inc.WSBC

    Sector: Financial Services

    INDB Analyst Ratings

    Consensus
    Buy
    Analysts
    7
    Strong Buy
    1
    Buy
    4
    Hold
    1
    Sell
    0
    Strong Sell
    1

    INDB Bull Case vs Bear Case

    Bull case

    • INDB converts 30.3% of revenue into free cash flow.
    • INDB has a 28.6% net profit margin.
    • INDB grew quarterly revenue 41.5% year over year.

    INDB Earnings: Beat Rate and Next Report

    Beat rate
    5 of 8 quarters (62.5%)
    Average surprise
    -0.3%
    EPS estimate (fiscal period ending Dec 31, 2026)
    $1.87

    INDB Dividend

    Forward yield
    3.3%
    Payout ratio
    44.4%
    3Y DPS growth
    4.3%
    5Y DPS growth
    5.1%
    Pay months
    Jan, Apr, Jul, Oct
    INDB dividend history

    Frequently Asked Questions About INDB

    What is INDB's current dividend yield?

    Independent Bank (INDB) has a forward dividend yield of 3.32%.

    Does INDB pay dividends?

    Yes, Independent Bank pays dividends with a forward dividend yield of 3.32%.

    What is INDB's P/E ratio?

    Independent Bank has a price-to-earnings (P/E) ratio of 11.63.

    What is INDB's market cap?

    Independent Bank (INDB) has a market capitalization of $3.60B with a current stock price of $77.08.

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