Independent Bank Corp. (INDB) Stock

About Independent Bank Corp.

Independent Bank Corp. (INDB) stock trades at $83.72 with a market capitalization of $3.97B. The stock is valued at a price-to-earnings (P/E) ratio of 14.45, price-to-book of 1.10, price-to-sales of 3.08. Over the past 52 weeks the stock has ranged between $63.33 and $87.50, and currently trades 4.3% below its 52-week high. It pays a dividend yielding 3.20%.

On profitability, Independent Bank Corp. generates a return on equity (ROE) of 7.66%, return on capital employed of 6.70%, an operating margin of 22.88%, a net profit margin of 21.64%.

Independent Bank Corp. by the numbers, 2016–2025

Between 2016 and 2025 Independent Bank Corp. reported revenue of $326.0M rising to $1.2B, a change of +258.0% across 10 years. Compounded, revenue has grown 18.1% a year over five years, 15.9% over three, 19.8% over the last twelve months. Net profit rose to $205.0M.

Operating margin went from 34.4% in 2016 to 22.9% in 2025, a fall of 11.5 percentage points. The most recent net margin is 21.64%. On a trailing twelve-month basis to Jun '26, revenue is $1.3B and net profit $271.0M.

Borrowings rose from $335.0M to $901.0M, cash from operations was $251.0M in the latest year, positive in 10 of the last 10.

Return on equity has averaged 6.7% over five years, and was 5.8% in the most recent year.

The share price itself has compounded at —% a year over five years, —% over three, —% over the last year. Past price movement is history, not a forecast.

Figures are as reported and in the company's own reporting currency. They describe what has already happened and carry no implication about what follows.

Independent Bank Corp. (INDB) — frequently asked questions