Calendar
event
Ex dividend date
31 Mar 2025
event_available
Last Dividend Payment
07 Apr 2025
About Independent Bank
Ticker
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INDB
Trading on
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NASDAQ
ISIN
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US4538361084
Industry
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Banks - Regional
Sector
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Financial Services
CEO
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Jeffrey J. Tengel
Headquarters
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288 Union Street, Rockland, MA, United States, 02370
Employees
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1,837
Website
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rocklandtrust.com
Independent Bank Corp. operates as the bank holding company for Rockland Trust Company that provides commercial banking products and services to individuals and small-to-medium sized businesses in the United States. The company provides interest checking, money market, and savings accounts, as well as demand deposits and time certificates of deposit. It offers commercial real estate and construction, commercial and industrial, small business, secured and unsecured commercial, and consumer real estate loans; term loans and revolving/nonrevolving lines of credit; overdraft protection and letters of credit; and residential mortgages and home equity loans and lines. In addition, the company provides cash management services, such as ACH transaction processing, positive pay, and remote deposit services; investment management and trust services to individuals, institutions, small businesses, and charitable institutions; mobile, online, and telephone banking; estate settlement, financial planning, tax services, and other services; automated teller machines; debit and credit cards; and mutual fund and unit investment trust shares, third party model portfolios, general securities, fixed and variable annuities, and life insurance products, as well as advisory platforms. Further, it invests in low-income housing tax credit projects; holds, maintains, and disposes foreclosed properties; and operates as an investment advisor. The company was founded in 1907 and is headquartered in Rockland, Massachusetts.
Metrics
BasicAdvanced
Market cap
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$2.61B
P/E ratio
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13.8
EPS
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$4.44
Dividend Yield
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3.85%
Beta
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0.86
Forward P/E ratio
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11.3
EBIDTA
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-
Ex dividend date
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2025-03-31
Price & volume
Market cap
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$2.61B
Average daily volume
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0.3M
90-day return
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-
30-day return
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-
7-day return
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-
Dividends
Dividend per share
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$2.30
Dividend yield
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3.85%
Forward dividend per share
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$2.36
Forward dividend yield
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3.85%
Payout ratio
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51.22%
Valuation
P/E ratio
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13.8
Forward P/E
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11.3
PEG ratio
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11
Trailing P/E
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13.8
Price to sales
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3.99
Price to book
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0.86
Earnings
EPS
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$4.44
EPS estimate (current quarter)
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$1.17
EPS estimate (next quarter)
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$1.28
EBITDA
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-
Revenues (TTM)
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$654M
Revenues per share (TTM)
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$15.39
Technicals
Beta
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0.86
52-week High
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$75.84
52-week Low
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$44.29
50-day moving average
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$60.75
200-day moving average
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$64.06
Short ratio
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6.32
Short %
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5.89%
Management effectiveness
ROE (TTM)
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6.38%
ROA (TTM)
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0.96%
Profit margin
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28.85%
Gross profit margin
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$654M
Operating margin
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38.43%
Growth
Quarterly earnings growth (YoY)
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-7.10%
Quarterly revenue growth (YoY)
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0.40%
Share stats
Outstanding Shares
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42.6M
Float
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42.1M
Insiders %
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0.90%
Institutions %
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89.55%
Analyst Insights & forecasts
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50% Buy

50% Hold

0% Sell

Based on information from 4 analysts.

Average price target

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$74.75
Earnings per share (EPS) forecast
windowbar_chart_4_bars
Actual
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Expected
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Surprise
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$1.21
$1.12
8.04%
Q2 • 24Beat
$1.01
$1.06
-4.72%
Q3 • 24Missed
$1.21
$1.16
4.31%
Q4 • 24Beat
$1.06
$1.17
-9.01%
Q1 • 25Current
QuarterlyAnnual
Financial Performance
windowbar_chart_4_bars
Income StatementBalance SheetCash Flow
windowbar_chart_4_bars
Revenue
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Net income
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Profit margin
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$247M
$50M
20.29%
Q4 • 24
$243M
$44.4M
18.32%
Q1 • 25
-1.64%
-11.21%
-9.73%
QoQ growth
QuarterlyAnnual
Totals assets
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Total liabilities
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Debt to assets
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$19.4B
$16.4B
84.55%
Q4 • 24
$19.9B
$16.9B
84.75%
Q1 • 25
2.66%
2.90%
0.23%
QoQ growth
QuarterlyAnnual
Operating
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Investing
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Financing
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Free cash flow
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$42.9M
$-128M
$-120M
$36.5M
Q4 • 24
$13.3M
$-19.9M
$504M
$11.3M
Q1 • 25
-68.89%
-84.39%
-519.94%
-69.02%
QoQ growth
QuarterlyAnnual

Data displayed above is indicative only and its accuracy or completeness is not guaranteed. Past performance is no guarantee of future results. Your return may be affected by currency fluctuations and applicable fees and charges. The value of your investment may go up as well as down. When investing, your capital at risk.

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FAQs

How much is a Independent Bank share?
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Independent Bank shares are currently traded for undefined per share.

How many shares does Independent Bank have?
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Independent Bank currently has 42.6M shares.

Does Independent Bank pay dividends?
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Yes, Independent Bank does pay dividends.

What is Independent Bank 52 week high?
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Independent Bank 52 week high is $75.84.

What is Independent Bank 52 week low?
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Independent Bank 52 week low is $44.29.

What is the 200-day moving average of Independent Bank?
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Independent Bank 200-day moving average is $64.06.

Who is Independent Bank CEO?
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The CEO of Independent Bank is Jeffrey J. Tengel.

How many employees Independent Bank has?
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Independent Bank has 1,837 employees.

What is the market cap of Independent Bank?
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The market cap of Independent Bank is $2.61B.

What is the P/E of Independent Bank?
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The current P/E of Independent Bank is 13.8.

What is the EPS of Independent Bank?
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The EPS of Independent Bank is $4.44.

What is the PEG Ratio of Independent Bank?
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The PEG Ratio of Independent Bank is 11.

What do analysts say about Independent Bank?
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According to the analysts Independent Bank is considered a buy.