image
Financial Services - Banks - Regional - NASDAQ - US
$ 63.865
0.978 %
$ 2.72 B
Market Cap
13.95
P/E
1. INTRINSIC VALUE

This DCF valuation model was last updated on Jun, 6, 2025.

The intrinsic value of one INDB stock under the worst case scenario is HIDDEN Compared to the current market price of 63.9 USD, Independent Bank Corp. is HIDDEN

This DCF valuation model was last updated on Jun, 6, 2025.

The intrinsic value of one INDB stock under the base case scenario is HIDDEN Compared to the current market price of 63.9 USD, Independent Bank Corp. is HIDDEN

This DCF valuation model was last updated on Jun, 6, 2025.

The intrinsic value of one INDB stock under the best case scenario is HIDDEN Compared to the current market price of 63.9 USD, Independent Bank Corp. is HIDDEN

2. FUNDAMENTAL ANALYSIS

Price Chart INDB

image
$72.0$72.0$70.0$70.0$68.0$68.0$66.0$66.0$64.0$64.0$62.0$62.0$60.0$60.0$58.0$58.0$56.0$56.0$54.0$54.0$52.0$52.015 Dec15 DecJan '25Jan '2515 Jan15 JanFeb '25Feb '2515 Feb15 FebMar '25Mar '2515 Mar15 MarApr '25Apr '2515 Apr15 AprMay '25May '2515 May15 MayJun '25Jun '25
FINANCIALS
683 M REVENUE
-14.15%
249 M OPERATING INCOME
-20.96%
192 M NET INCOME
-19.80%
230 M OPERATING CASH FLOW
-16.99%
-33 M INVESTING CASH FLOW
84.40%
-201 M FINANCING CASH FLOW
-3.82%
243 M REVENUE
39.16%
58.3 M OPERATING INCOME
-19.46%
50 M NET INCOME
16.50%
42.9 M OPERATING CASH FLOW
-38.94%
-128 M INVESTING CASH FLOW
-204.07%
-120 M FINANCING CASH FLOW
-440.91%
Balance Sheet Independent Bank Corp.
image
Current Assets 188 M
Cash & Short-Term Investments 188 M
Receivables 0
Other Current Assets 0
Non-Current Assets 1.19 B
Long-Term Investments 2.71 B
PP&E 193 M
Other Non-Current Assets -1.71 B
13.63 %196.68 %14.02 %Total Assets$1.4b
Current Liabilities 10.7 B
Accounts Payable 0
Short-Term Debt 0
Other Current Liabilities 10.7 B
Non-Current Liabilities 701 M
Long-Term Debt 0
Other Non-Current Liabilities 701 M
93.84 %6.16 %Total Liabilities$11.4b
EFFICIENCY
Earnings Waterfall Independent Bank Corp.
image
Revenue 683 M
Cost Of Revenue 0
Gross Profit 683 M
Operating Expenses 683 M
Operating Income 249 M
Other Expenses 57 M
Net Income 192 M
700m700m600m600m500m500m400m400m300m300m200m200m100m100m00683m0683m(683m)249m(57m)192mRevenueRevenueCost Of RevenueCost Of RevenueGross ProfitGross ProfitOperating ExpensesOperating ExpensesOperating IncomeOperating IncomeOther ExpensesOther ExpensesNet IncomeNet Income
RATIOS
100.00% GROSS MARGIN
100.00%
36.46% OPERATING MARGIN
36.46%
28.12% NET MARGIN
28.12%
6.42% ROE
6.42%
0.99% ROA
0.99%
-2.08% ROIC
-2.08%
FREE CASH FLOW ANALYSIS
Free Cash Flow Analysis Independent Bank Corp.
image
400m400m350m350m300m300m250m250m200m200m150m150m100m100m50m50m0020162016201720172018201820192019202020202021202120222022202320232024202420252025
Net Income 192 M
Depreciation & Amortization 40.9 M
Capital Expenditures 0
Stock-Based Compensation 6.52 M
Change in Working Capital -10.1 M
Others 1.03 M
Free Cash Flow 209 M
3. WALL STREET ANALYSTS ESTIMATES
Wall Street Analysts Price Targets Independent Bank Corp.
image
Wall Street analysts predict an average 1-year price target for INDB of $75.7 , with forecasts ranging from a low of $65 to a high of $100 .
INDB Lowest Price Target Wall Street Target
65 USD 1.78%
INDB Average Price Target Wall Street Target
75.7 USD 18.48%
INDB Highest Price Target Wall Street Target
100 USD 56.58%
Price
Max Price Target
Min Price Target
Average Price Target
100100909080807070606050504040Jul '24Jul '24Aug '24Aug '24Oct '24Oct '24Nov '24Nov '2420252025Feb '25Feb '25Apr '25Apr '25Jun '25Jun '25Jul '25Jul '25Aug '25Aug '25Oct '25Oct '25Nov '25Nov '2520262026Feb '26Feb '26Apr '26Apr '26Jun '26Jun '26
4. DIVIDEND ANALYSIS
0.00% DIVIDEND YIELD
0.59 USD DIVIDEND PER SHARE
Q1
Q2
Q3
Q4
2.502.502.002.001.501.501.001.000.500.500.000.000.260.290.320.380.440.460.480.510.550.570.590.260.290.320.380.440.460.480.510.550.260.290.320.320.380.440.460.480.510.550.570.570.261.040.291.160.321.280.381.460.441.700.461.820.481.900.552.050.552.160.571.691.160.572015201520162016201720172018201820192019202020202021202120222022202320232024202420252025
Download SVG
Download PNG
Download CSV
5. COMPETITION
slide 2 of 17
6. Ownership
Insider Ownership Independent Bank Corp.
image
Sold
0-3 MONTHS
0 USD 0
3-6 MONTHS
44.8 K USD 1
6-9 MONTHS
0 USD 0
9-12 MONTHS
0 USD 0
Bought
0 USD 0
0-3 MONTHS
0 USD 0
3-6 MONTHS
0 USD 0
6-9 MONTHS
0 USD 0
9-12 MONTHS
7. News
Independent Bank Corp. and Enterprise Bancorp, Inc. Announce the Receipt of All Regulatory Approvals and Anticipated Closing Date ROCKLAND, Mass. & LOWELL, Mass.--(BUSINESS WIRE)--Independent Bank Corp. (NASDAQ: INDB) (“Independent”), parent of Rockland Trust Company (“Rockland Trust”), and Enterprise Bancorp, Inc. (NASDAQ: EBTC) (“Enterprise”), parent of Enterprise Bank and Trust Company (“Enterprise Bank”), jointly announce the following in connection with Independent's proposed acquisition of Enterprise: All required regulatory approvals relating to the proposed transaction have now been received. The proposed transact. businesswire.com - 1 week ago
Independent Bank: No Signs Of A Slowdown, Attractive Yield Independent Bank Corp. (Rockland Trust) Q1 earnings show mixed results: revenue beat expectations, but EPS missed due to higher credit loss provisions. Loan levels held steady, while deposits rose 2.4%, improving net interest margins to 3.42%, indicating a stable local economy. Asset quality mostly improved with lower nonperforming loans, but return metrics dipped slightly; efficiency ratio showed improvement. seekingalpha.com - 1 month ago
Independent Bank Corp. (INDB) Q1 2025 Earnings Call Transcript Call Start: 17:30 January 1, 0000 6:25 PM ET Independent Bank Corp. (NASDAQ:INDB ) Q1 2025 Earnings Conference Call April 17, 2025 05:30 PM ET Company Participants Jeffrey Tengel - CEO Mark Ruggiero - CFO & Head of Consumer Lending Conference Call Participants Mark Fitzgibbon - Piper Sandler Steve Moss - Raymond James Laurie Hunsicker - Seaport Research Chris O'Connell - KBW Operator Good day, and welcome to the Independent Bank Corp First Quarter 2025 Earnings Call. All participants will be in a listen-only mode. seekingalpha.com - 2 months ago
Independent Bank Corp. (INDB) Q1 Earnings: Taking a Look at Key Metrics Versus Estimates Although the revenue and EPS for Independent Bank Corp. (INDB) give a sense of how its business performed in the quarter ended March 2025, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers. zacks.com - 2 months ago
Independent Bank Corp. (INDB) Lags Q1 Earnings and Revenue Estimates Independent Bank Corp. (INDB) came out with quarterly earnings of $1.06 per share, missing the Zacks Consensus Estimate of $1.18 per share. This compares to earnings of $1.12 per share a year ago. zacks.com - 2 months ago
Independent Bank Corp. Reports First Quarter Net Income of $44.4 Million ROCKLAND, Mass.--(BUSINESS WIRE)--Independent Bank Corp. (Nasdaq Global Select Market: INDB), parent of Rockland Trust Company, today announced 2025 first quarter net income of $44.4 million, or $1.04 per diluted share, as compared to 2024 fourth quarter net income of $50.0 million, or $1.18 per diluted share. The decline was primarily driven by a higher loan loss provision. These financial results include pre-tax merger-related costs of $1.2 million and $1.9 million for the first quarter of 20. businesswire.com - 2 months ago
Is the Options Market Predicting a Spike in Independent Bank (INDB) Stock? Investors need to pay close attention to Independent Bank (INDB) stock based on the movements in the options market lately. zacks.com - 2 months ago
Unlocking Q1 Potential of Independent Bank Corp. (INDB): Exploring Wall Street Estimates for Key Metrics Get a deeper insight into the potential performance of Independent Bank Corp. (INDB) for the quarter ended March 2025 by going beyond Wall Street's top -and-bottom-line estimates and examining the estimates for some of its key metrics. zacks.com - 2 months ago
Independent Bank Corp. (INDB) Earnings Expected to Grow: Should You Buy? Independent Bank Corp. (INDB) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations. zacks.com - 2 months ago
Independent Bank Corp.'s Announcement of Date of First Quarter Conference Call ROCKLAND, Mass.--(BUSINESS WIRE)--Independent Bank Corp. (Nasdaq Global Select Market: INDB), parent of Rockland Trust Company, will host its quarterly conference call to discuss first quarter results on Thursday, April 17, 2025, at 5:30 PM Eastern Time. Telephonic access will be available by dial-in at 888-336-7153 reference: INDB. Participants may also choose to pre-register for the conference by navigating to https://dpregister.com/sreg/10196701/fe73a708c2 which will provide a unique PIN to. businesswire.com - 2 months ago
21 Upcoming Dividend Increases To Finish Q1 The lists were created using the U.S. Dividend Champions spreadsheet and NASDAQ data, ensuring companies have at least five years of dividend growth. My investment strategy focuses on buying, holding, and adding to companies with consistent dividend growth and outperformance relevant to certain benchmarks. Top-performing stocks include MPWR, STLD, and JPM. Top REITs include CTR, FR, and REXR for their impressive returns and dividend growth rates. seekingalpha.com - 2 months ago
Independent Bank Corp Rewards Shareholders With 3.5% Dividend Hike INDB hikes its dividend 3.5% to 59 cents per share. Given a decent liquidity position, capital distribution seems sustainable. zacks.com - 2 months ago
8. Profile Summary

Independent Bank Corp. INDB

image
COUNTRY US
INDUSTRY Banks - Regional
MARKET CAP $ 2.72 B
Dividend Yield 0.00%
Description 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 primarily in Massachusetts. The company accepts interest checking, money market, and savings accounts, as well as demand deposits and time certificates of deposit. It also offers commercial and industrial, commercial real estate and construction, small business, consumer real estate, and personal loans. In addition, the company provides investment management and trust services to individuals, institutions, small businesses, and charitable institutions; Internet and mobile banking services, as well as estate settlement, financial planning, tax services, and other services; automated teller machine and debit cards; and mutual fund and unit investment trust shares, general securities, fixed and variable annuities, and life insurance products. As of December 31, 2021, it operates one hundred nineteen retail branches, two limited-service retail branches, and one mobile branch located within Barnstable, Bristol, Dukes, Essex, Middlesex, Nantucket, Norfolk, Plymouth, Suffolk, and Worcester counties in Eastern Massachusetts. The company was founded in 1907 and is headquartered in Rockland, Massachusetts.
Contact 288 Union Street, Rockland, MA, 02370 https://www.rocklandtrust.com
IPO Date May 14, 1986
Employees 1837
Officers Ms. Patricia M. Natale Esq. Executive Vice President, General Counsel & Corporate Secretary Ms. Maria S. Harris Executive Vice President & Chief Human Resource Officer of Rockland Trust Company Mr. Jeffrey J. Tengel President, Chief Executive Officer & Director Ms. Margaret McCarthy Executive Vice President & Chief Retail Banking Officer Mr. Lee C. Powlus Executive Vice President, Chief Technology & Operations Officer of Rockland Trust Company Mr. Alastair Ironside Executive Vice President & Chief Marketing Officer Mr. Mark J. Ruggiero CPA Chief Financial Officer Mr. David Byron Smith C.F.A. Executive Vice President & Chief Investment Officer Timothy C. Lane Senior Vice President & Chief Internal Auditor Ms. Maureen A. Gaffney Senior Vice President, Controller & Principal Accounting Officer