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INDB Overview

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$
0.000
0.000(0.000%)
At close
0.000(0.000%)Aft-market
ET
$
0.000
0.000(0.000%)
At close
0.000(0.000%)Aft-market
ET
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Intellectia

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High
79.420
Open
77.780
VWAP
78.56
Vol
550.57K
Mkt Cap
3.85B
Low
77.040
Amount
43.26M
EV/EBITDA(TTM)
11.34
Total Shares
48.57M
EV
4.34B
EV/OCF(TTM)
--
P/S(TTM)
4.23
Independent Bank Corp. is the holding company of Rockland Trust Company (the Bank). With retail branches in Eastern Massachusetts, Worcester County, and Southern New Hampshire, as well as commercial banking and investment management offices in Massachusetts, New Hampshire, and Rhode Island, the Bank offers a wide range of banking, investment, and insurance services to individuals, families, and businesses. The Bank also offers a full suite of mobile, online, and telephone banking services. The Bank's commercial, consumer real estate, and other consumer loan portfolios consist of loans made to residents and businesses located in the Bank's market area. Its commercial loans consist of commercial real estate loans, commercial construction loans, commercial and industrial loans, and small business loans. The Bank's consumer portfolio consists of real estate loans comprised of residential mortgages and home equity loans and lines, all secured by one-to-four family residential properties.
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Events Timeline

(ET)
2026-04-16
16:20:00
Independent Bank Corp Reports 1.31% Return on Assets for Q1 2026
select
2026-03-19 (ET)
2026-03-19
16:20:00
Dividend Payable on April 9, 2026
select

News

Yahoo Finance
9.5
04-19Yahoo Finance
PinnedIndependent Bank Q1 Earnings Beat Expectations
  • Revenue Growth: Independent Bank reported Q1 revenue of $247.2 million, reflecting a 38.9% year-on-year increase, although it fell short of the market expectation of $251.8 million, indicating significant growth potential in a competitive market.
  • Earnings Beat: The adjusted EPS of $1.68 surpassed analysts' expectations of $1.66, demonstrating the company's positive progress in cost control and profitability enhancement.
  • Net Interest Margin Improvement: The bank achieved an 8 basis point increase in core net interest margin, supported by higher loan and securities yields and disciplined deposit pricing, which significantly contributed to profitability improvement.
  • Cautious Loan Growth: While core commercial and industrial loans grew at an annualized rate of 7%, management's cautious approach towards commercial real estate and competitive pressures has kept overall loan growth moderate, reflecting uncertainties in the future market.
Yahoo Finance
9.5
04-18Yahoo Finance
Independent Bank Corp Reports Q1 2026 Highlights
  • Net Income Growth: Independent Bank Corp reported a GAAP net income of $79.9 million for Q1 2026, with diluted EPS at $1.63, demonstrating resilience amid economic uncertainties, despite challenges in loan and deposit growth.
  • Capital Return: The company returned $94 million to shareholders, including $63 million spent on repurchasing 802,000 shares, and announced an 8.5% increase in its quarterly dividend to $0.64, indicating a strong commitment to shareholder value.
  • Wealth Management Growth: Assets Under Administration (AUA) remained stable at $9.2 billion, with an annual revenue growth rate of 11%, highlighting the wealth management business as a key income driver, despite a complex overall market environment.
  • Increase in Nonperforming Assets: Nonperforming assets rose to $98.7 million, or 0.52% of total loans, primarily due to downgrades in the office loan segment, reflecting intensified competition in the commercial real estate market and macroeconomic uncertainties.
seekingalpha
9.5
04-18seekingalpha
Independent Bank Corp. Q1 2026 Earnings Highlights
  • Profitability Improvement: Independent Bank reported a GAAP net income of $79.9 million and diluted EPS of $1.63 for Q1, reflecting ongoing enhancements in profitability despite macroeconomic uncertainties.
  • Capital Return Strategy: The bank returned $94 million to shareholders in Q1, including the repurchase of 802,000 shares, demonstrating proactive capital optimization and enhancing investor confidence in the company's financial health.
  • Margin Expectations Raised: Management increased the net interest margin forecast for Q4 2026 to a range of 3.90% to 3.95%, indicating disciplined pricing strategies in loans and deposits that are expected to drive future profitability growth.
  • Digital Innovation Office Established: The company established a Digital Innovation office in Q1 and plans to transition its core operating platform by October, aiming to enhance operational efficiency through an AI governance framework while maintaining risk controls.
NASDAQ.COM
2.0
04-17NASDAQ.COM
Independent Bank (INDB) Earnings Call Transcript
NASDAQ.COM
9.5
04-17NASDAQ.COM
Independent Bank Corp. Reports Significant Q1 Earnings Growth
  • Earnings Growth: Independent Bank Corp. reported Q1 earnings of $79.92 million, translating to $1.63 per share, which marks a significant increase from last year's $44.42 million and $1.04 per share, indicating strong market performance.
  • Adjusted Earnings: Excluding certain items, the adjusted earnings reached $82.11 million, or $1.68 per share, further demonstrating the company's success in cost control and operational efficiency.
  • Revenue Surge: The company's revenue rose by 41.9% year-over-year to $252.72 million, up from $178.05 million last year, reflecting robust business expansion and strong market demand.
  • Strong Market Position: This growth in earnings and revenue not only boosts investor confidence but also potentially provides funding for future expansions and investments, solidifying the company's position in the financial services sector.
seekingalpha
9.5
04-16seekingalpha
Independent Bank Q1 Earnings Highlights
  • Earnings Performance: Independent Bank reported a Q1 GAAP EPS of $1.63, missing estimates by $0.01, although revenue reached $252.7 million, up 41.9% year-over-year, exceeding expectations by $2.62 million, indicating strong revenue growth potential.
  • Net Interest Margin Improvement: The company's net interest margin stood at 3.90%, increasing by 13 basis points from the previous quarter, while the adjusted margin rose by 8 basis points to 3.72%, demonstrating effective management of the balance sheet in the current interest rate environment.
  • Shareholder Returns: In Q1 2026, the company repurchased approximately 802,000 shares for $63.3 million and raised its quarterly dividend from $0.59 to $0.64 per share, an increase of 8.5%, reflecting a strong commitment to shareholder value.
  • Balance Sheet Changes: As of March 31, 2026, total assets were $24.8 billion, down 0.5% from the prior quarter, primarily due to declines in loan and cash balances, reflecting the company's cautious approach amid market fluctuations.
Wall Street analysts forecast INDB stock price to rise
4 Analyst Rating
Wall Street analysts forecast INDB stock price to rise
2 Buy
2 Hold
0 Sell
Moderate Buy
Current: 0.000
sliders
Low
76.00
Averages
80.75
High
84.00
Current: 0.000
sliders
Low
76.00
Averages
80.75
High
84.00
Keefe Bruyette
Outperform
downgrade
$96 -> $94
AI Analysis
2026-04-20
New
Reason
Keefe Bruyette
Price Target
$96 -> $94
AI Analysis
2026-04-20
New
downgrade
Outperform
Reason
Keefe Bruyette lowered the firm's price target on Independent Bank to $94 from $96 and keeps an Outperform rating on the shares.
Raymond James
Strong Buy
maintain
$94 -> $97
2026-04-17
New
Reason
Raymond James
Price Target
$94 -> $97
2026-04-17
New
maintain
Strong Buy
Reason
Raymond James raised the firm's price target on Independent Bank to $97 from $94 and keeps a Strong Buy rating on the shares. Earnings and profitability are "on a steady upward trajectory" and Q1 results showed the positive signs that should drive positive operating leverage, the analyst tells investors.
Unlock Full Analyst Thesis, Get the complete breakdown of rating reason for INDB
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Valuation Metrics

The current forward P/E ratio for Independent Bank Corp (Massachusetts) (INDB.O) is 10.73, compared to its 5-year average forward P/E of 12.92. For a more detailed relative valuation and DCF analysis to assess Independent Bank Corp (Massachusetts)'s fair value, Click here.

Forward PE

The forward P/E ratio is a valuation metric that divides a company's current stock price by its estimated future earnings per share over the next 12 months.
StronglyUndervaluedUndervaluedFairOvervaluedStronglyOvervalueddotted line Image
5Y Average PE
12.92
Current PE
10.73
Overvalued PE
15.52
Undervalued PE
10.32

Forward EV/EBITDA

The forward EV/EBITDA ratio is a valuation metric that divides a company's enterprise value (EV) by its estimated future earnings before interest, taxes, depreciation, and amortization (EBITDA) over the next 12 months.
StronglyUndervaluedUndervaluedFairOvervaluedStronglyOvervalueddotted line Image
N/A
5Y Average EV/EBITDA
0.82
Current EV/EBITDA
6.36
Overvalued EV/EBITDA
4.15
Undervalued EV/EBITDA
-2.51

Forward PS

The forward P/S ratio is a valuation metric that divides a company's current stock price by its estimated future sales (or revenue) per share over the next 12 months.
StronglyUndervaluedUndervaluedFairOvervaluedStronglyOvervalueddotted line Image
5Y Average PS
3.96
Current PS
3.46
Overvalued PS
4.75
Undervalued PS
3.17

Financials

AI Analysis
Annual
Quarterly

Whales Holding INDB

L
Leeward Investments, LLC
Holding
INDB
+23.97%
3M Return
R
Reinhart Partners, LLC
Holding
INDB
+10.85%
3M Return
V
Verition Fund Management LLC
Holding
INDB
+6.56%
3M Return
T
The Rockland Trust Investment Management Group
Holding
INDB
+4.86%
3M Return
A
Azora Capital LP
Holding
INDB
+3.51%
3M Return
D
DePrince, Race & Zollo, Inc.
Holding
INDB
+1.25%
3M Return

Trading Trends

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    Congress Trading

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Frequently Asked Questions

What is Independent Bank Corp (Massachusetts) (INDB) stock price today?

The current price of INDB is 79.23 USD — it has increased 1.64

What is Independent Bank Corp (Massachusetts) (INDB)'s business?

Independent Bank Corp. is the holding company of Rockland Trust Company (the Bank). With retail branches in Eastern Massachusetts, Worcester County, and Southern New Hampshire, as well as commercial banking and investment management offices in Massachusetts, New Hampshire, and Rhode Island, the Bank offers a wide range of banking, investment, and insurance services to individuals, families, and businesses. The Bank also offers a full suite of mobile, online, and telephone banking services. The Bank's commercial, consumer real estate, and other consumer loan portfolios consist of loans made to residents and businesses located in the Bank's market area. Its commercial loans consist of commercial real estate loans, commercial construction loans, commercial and industrial loans, and small business loans. The Bank's consumer portfolio consists of real estate loans comprised of residential mortgages and home equity loans and lines, all secured by one-to-four family residential properties.

What is the price predicton of INDB Stock?

Wall Street analysts forecast INDB stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for INDB is80.75 USD with a low forecast of 76.00 USD and a high forecast of 84.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.

What is Independent Bank Corp (Massachusetts) (INDB)'s revenue for the last quarter?

Independent Bank Corp (Massachusetts) revenue for the last quarter amounts to 239.81M USD, increased 43.14

What is Independent Bank Corp (Massachusetts) (INDB)'s earnings per share (EPS) for the last quarter?

Independent Bank Corp (Massachusetts). EPS for the last quarter amounts to 1.63 USD, increased 56.73

How many employees does Independent Bank Corp (Massachusetts) (INDB). have?

Independent Bank Corp (Massachusetts) (INDB) has 2294 emplpoyees as of April 21 2026.

What is Independent Bank Corp (Massachusetts) (INDB) market cap?

Today INDB has the market capitalization of 3.85B USD.