Independent Bank Statistics
Total Valuation
INDB has a market cap or net worth of $4.12 billion. The enterprise value is $4.19 billion.
Important Dates
The next estimated earnings date is Thursday, July 16, 2026, after market close.
| Earnings Date | Jul 16, 2026 |
| Ex-Dividend Date | Jun 29, 2026 |
Share Statistics
INDB has 48.33 million shares outstanding. The number of shares has increased by 12.43% in one year.
| Current Share Class | 48.33M |
| Shares Outstanding | 48.33M |
| Shares Change (YoY) | +12.43% |
| Shares Change (QoQ) | -0.96% |
| Owned by Insiders (%) | 1.25% |
| Owned by Institutions (%) | 87.85% |
| Float | 47.71M |
Valuation Ratios
The trailing PE ratio is 16.92 and the forward PE ratio is 11.28.
| PE Ratio | 16.92 |
| Forward PE | 11.28 |
| PS Ratio | 4.70 |
| Forward PS | 3.89 |
| PB Ratio | 1.17 |
| P/TBV Ratio | 1.77 |
| P/FCF Ratio | 12.13 |
| P/OCF Ratio | 11.60 |
| PEG Ratio | n/a |
Financial Ratio HistoryEnterprise Valuation
| EV / Earnings | 17.41 |
| EV / Sales | 4.78 |
| EV / EBITDA | n/a |
| EV / EBIT | n/a |
| EV / FCF | 12.35 |
Financial Position
| Current Ratio | n/a |
| Quick Ratio | n/a |
| Debt / Equity | n/a |
| Debt / EBITDA | n/a |
| Debt / FCF | 2.44 |
| Interest Coverage | n/a |
Financial Efficiency
Return on equity (ROE) is 7.32%.
| Return on Equity (ROE) | 7.32% |
| Return on Assets (ROA) | 1.08% |
| Return on Invested Capital (ROIC) | n/a |
| Return on Capital Employed (ROCE) | n/a |
| Weighted Average Cost of Capital (WACC) | 7.20% |
| Revenue Per Employee | $381,965 |
| Profits Per Employee | $104,890 |
| Employee Count | 2,294 |
| Asset Turnover | n/a |
| Inventory Turnover | n/a |
Taxes
In the past 12 months, INDB has paid $68.69 million in taxes.
| Income Tax | 68.69M |
| Effective Tax Rate | 22.21% |
Stock Price Statistics
The stock price has increased by +37.89% in the last 52 weeks. The beta is 0.80, so INDB's price volatility has been lower than the market average.
| Beta (5Y) | 0.80 |
| 52-Week Price Change | +37.89% |
| 50-Day Moving Average | 79.23 |
| 200-Day Moving Average | 75.68 |
| Relative Strength Index (RSI) | 68.64 |
| Average Volume (20 Days) | 418,268 |
Short Selling Information
The latest short interest is 2.14 million, so 4.44% of the outstanding shares have been sold short.
| Short Interest | 2.14M |
| Short Previous Month | 2.01M |
| Short % of Shares Out | 4.44% |
| Short % of Float | 4.49% |
| Short Ratio (days to cover) | 6.97 |
Income Statement
In the last 12 months, INDB had revenue of $876.23 million and earned $240.62 million in profits. Earnings per share was $5.04.
| Revenue | 876.23M |
| Gross Profit | 876.23M |
| Operating Income | 386.11M |
| Pretax Income | 309.31M |
| Net Income | 240.62M |
| EBITDA | n/a |
| EBIT | n/a |
| Earnings Per Share (EPS) | $5.04 |
Full Income StatementBalance Sheet
The company has $755.69 million in cash and $828.36 million in debt, giving a net cash position of -$72.67 million or -$1.50 per share.
| Cash & Cash Equivalents | 755.69M |
| Total Debt | 828.36M |
| Net Cash | -72.67M |
| Net Cash Per Share | -$1.50 |
| Equity (Book Value) | 3.54B |
| Book Value Per Share | 72.92 |
| Working Capital | -19.45B |
Full Balance SheetCash Flow
In the last 12 months, operating cash flow was $355.04 million and capital expenditures -$15.71 million, giving a free cash flow of $339.33 million.
| Operating Cash Flow | 355.04M |
| Capital Expenditures | -15.71M |
| Depreciation & Amortization | n/a |
| Net Borrowing | -206.87M |
| Free Cash Flow | 339.33M |
| FCF Per Share | $7.02 |
Full Cash Flow StatementMargins
| Gross Margin | n/a |
| Operating Margin | 44.06% |
| Pretax Margin | 35.30% |
| Profit Margin | 27.46% |
| EBITDA Margin | n/a |
| EBIT Margin | n/a |
| FCF Margin | 38.73% |