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Independent Bank Corp. INDB · Stock Open Independent Bank Corp. in new tab

83.27 USD
P/E
16.03
EPS
5.03
Yield
2.89%
Safety Score
97
P/B
1.11
ROE
7.32
Beta
0.80
Target Price
90.57 USD
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Key Metrics
Earnings dateJuly 16, 2026
P/E16.03
EPS5.03
Book Value72.92
Price to Book1.11
% Insiders1.635%
Growth
Revenue Growth0.52%
Earnings Growth0.57%
Estimates
Forward P/E9.65
Forward EPS8.35
Target Mean Price90.57
Dividend
Dividend Yield2.89%
Annual dividends2.41 USD
Ex-Div. DateMarch 30, 2026
Payout45.19%
5y avg Yield3.23%

DCF Valuation

Tweak assumptions to recompute fair value for Independent Bank Corp. (INDB)
Currency: USD
DCF Assumptions
Decimal (e.g., 0.10 = 10%). Range allows declines (−50%) to strong growth (+50%).
Decimal (e.g., 0.30 = 30%).
Decimal (e.g., 0.04 = 4%).
Decimal (e.g., 0.20 = 20%).
Percent number (e.g., 3 = 3%).
Percent number (e.g., 10 = 10%).
Percent number (e.g., 5 = 5%).
DCF Result

Fair Value (DCF)
Current Price
Upside
WACC
Terminal PV
Σ PV of FCFs
Note: historical bars show reported FCF (for context); forward bars show PV of projected FCF; if no per-year data, totals are shown.

Independent Bank Corp. Logo Independent Bank Corp. Analysis (INDB)

United States Financials Official Website Stock

Is Independent Bank Corp. a good investment? Independent Bank Corp. (INDB) is currently trading at 83.27 USD. Market analysts have a consensus price target of 90.57 USD. This suggests a potential upside from current levels.

In terms of valuation, the stock trades at a P/E ratio of 16.03. This valuation is generally in line with the broader market.

Earnings Schedule: Independent Bank Corp. is expected to release its next earnings report on July 16, 2026. The market consensus estimate for Forward EPS is 8.35.

For income investors, Independent Bank Corp. pays a dividend yield of 2.89%. With a payout ratio of 45%, the dividend appears sustainable.

Investor FAQ

Does Independent Bank Corp. pay a dividend?

Yes, it pays an annual dividend of 2.41 USD (2.89% yield).

What asset class is Independent Bank Corp.?

Independent Bank Corp. is classified as a Stock. You can compare it against its peer in the "Related Symbols" list.

When is the next earnings date?

The next earnings date is projected to be July 16, 2026. The company currently has a trailing EPS of 5.03.

Company Profile

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. It provides interest checking, money market, and savings accounts, as well as demand deposits and time certificates of deposit. The company also 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, it 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; interchange fees; ATM fees; mobile, online, and telephone banking; estate settlement, financial planning, tax services, and other services; 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, the company 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.

Exchange Ticker
NMS (United States) INDB
Trades
Dividend Yield
2.89%
5y avg 3.23%
Annual Dividends
2.41USD
Next Ex. Div Date
March 30, 2026
Payout Ratio
45.19%
Dividend History paid per year (USD)
Historical Dividends
Year Total Dividends
2027
1.30 USD
April 9, 2027 (estimated) 0.6753
Jan. 6, 2027 (estimated) 0.6246
2026
2.48 USD
Oct. 7, 2026 (estimated) 0.6226
July 7, 2026 (estimated) 0.6226
April 9, 2026 0.6400
Jan. 7, 2026 0.5900
2025
2.34 USD
Oct. 7, 2025 0.5900
July 7, 2025 0.5900
April 7, 2025 0.5900
Jan. 6, 2025 0.5700
2024
2.26 USD
Oct. 4, 2024 0.5700
July 8, 2024 0.5700
April 5, 2024 0.5700
Jan. 5, 2024 0.5500
2023
2.20 USD
Oct. 6, 2023 0.5500
July 7, 2023 0.5500
April 6, 2023 0.5500
Jan. 6, 2023 0.5500
2022
2.01 USD
Oct. 7, 2022 0.5100
July 8, 2022 0.5100
April 8, 2022 0.5100
Jan. 7, 2022 0.4800
2021
1.90 USD
Oct. 8, 2021 0.4800
July 9, 2021 0.4800
April 9, 2021 0.4800
Jan. 8, 2021 0.4600
2020
1.82 USD
Oct. 9, 2020 0.4600
July 10, 2020 0.4600
April 9, 2020 0.4600
Jan. 10, 2020 0.4400
2019
1.70 USD
Oct. 11, 2019 0.4400
July 12, 2019 0.4400
April 5, 2019 0.4400
Jan. 11, 2019 0.3800
2018
1.46 USD
Oct. 5, 2018 0.3800
July 10, 2018 0.3800
April 6, 2018 0.3800
Jan. 5, 2018 0.3200
2017
1.57 USD
Oct. 6, 2017 0.3200
Oct. 6, 2017 0.3200
July 7, 2017 0.3200
April 7, 2017 0.3200
Jan. 6, 2017 0.2900
2016
1.13 USD
Oct. 7, 2016 0.2900
July 8, 2016 0.2900
April 8, 2016 0.2900
Jan. 8, 2016 0.2600
2015
1.02 USD
Oct. 9, 2015 0.2600
July 10, 2015 0.2600
April 10, 2015 0.2600
Jan. 9, 2015 0.2400
2014
0.94 USD
Oct. 10, 2014 0.2400
July 11, 2014 0.2400
April 11, 2014 0.2400
Jan. 10, 2014 0.2200
2013
0.66 USD
Oct. 11, 2013 0.2200
July 12, 2013 0.2200
April 12, 2013 0.2200
2012
1.03 USD
Dec. 31, 2012 0.2100
Oct. 12, 2012 0.2100
July 13, 2012 0.2100
April 5, 2012 0.2100
Jan. 6, 2012 0.1900
2011
0.75 USD
Oct. 7, 2011 0.1900
July 8, 2011 0.1900
April 8, 2011 0.1900
Jan. 7, 2011 0.1800
2010
0.72 USD
Oct. 8, 2010 0.1800
July 9, 2010 0.1800
April 9, 2010 0.1800
Jan. 8, 2010 0.1800
2009
0.72 USD
Oct. 9, 2009 0.1800
July 10, 2009 0.1800
April 9, 2009 0.1800
Jan. 9, 2009 0.1800
2008
0.71 USD
Oct. 10, 2008 0.1800
July 11, 2008 0.1800
April 11, 2008 0.1800
Jan. 4, 2008 0.1700
2007
0.67 USD
Oct. 5, 2007 0.1700
July 6, 2007 0.1700
April 6, 2007 0.1700
Jan. 5, 2007 0.1600
2006
0.63 USD
Oct. 6, 2006 0.1600
July 7, 2006 0.1600
April 7, 2006 0.1600
Jan. 6, 2006 0.1500
2005
0.59 USD
Oct. 7, 2005 0.1500
July 8, 2005 0.1500
April 8, 2005 0.1500
Jan. 14, 2005 0.1400
2004
0.55 USD
Oct. 8, 2004 0.1400
July 9, 2004 0.1400
April 9, 2004 0.1400
Jan. 9, 2004 0.1300
2003
0.51 USD
Oct. 10, 2003 0.1300
July 11, 2003 0.1300
April 11, 2003 0.1300
Jan. 10, 2003 0.1200
2002
0.47 USD
Oct. 11, 2002 0.1200
July 12, 2002 0.1200
April 12, 2002 0.1200
Jan. 11, 2002 0.1100
2001
0.43 USD
Oct. 12, 2001 0.1100
July 13, 2001 0.1100
April 13, 2001 0.1100
Jan. 12, 2001 0.1000
2000
0.40 USD
Oct. 13, 2000 0.1000
July 14, 2000 0.1000
April 14, 2000 0.1000
Jan. 14, 2000 0.1000
1999
0.40 USD
Oct. 8, 1999 0.1000
July 9, 1999 0.1000
April 9, 1999 0.1000
Jan. 8, 1999 0.1000
1998
0.39 USD
Oct. 9, 1998 0.1000
July 10, 1998 0.1000
April 10, 1998 0.1000
Jan. 9, 1998 0.0900
1997
0.32 USD
Oct. 10, 1997 0.0900
July 11, 1997 0.0800
April 11, 1997 0.0800
Jan. 10, 1997 0.0700
1996
0.23 USD
Oct. 11, 1996 0.0600
July 12, 1996 0.0600
April 12, 1996 0.0600
Jan. 12, 1996 0.0500
1995
0.17 USD
Oct. 13, 1995 0.0500
July 7, 1995 0.0400
April 7, 1995 0.0400
Jan. 6, 1995 0.0400
1994
0.03 USD
Oct. 28, 1994 0.0300
1990
0.18 USD
April 1, 1990 0.0900
Jan. 1, 1990 0.0900
1989
0.33 USD
Oct. 1, 1989 0.0900
July 1, 1989 0.0800
April 1, 1989 0.0800
Jan. 1, 1989 0.0800
1988
0.29 USD
Sept. 1, 1988 0.0800
June 1, 1988 0.0700
March 1, 1988 0.0700
Jan. 7, 1988 0.0670
1987
0.36 USD
Dec. 1, 1987 0.0530
Sept. 1, 1987 0.0800
June 1, 1987 0.0700
March 1, 1987 0.0700
Jan. 7, 1987 0.0900
1986
0.14 USD
Nov. 18, 1986 0.0701
Aug. 5, 1986 0.0701
Upcoming Dividends
Name Payment Date Status Amount
Independent Bank Corp. Apr 09, 2026 0.64 USD
Independent Bank Corp. Jan 07, 2026 0.59 USD
Independent Bank Corp. Oct 07, 2025 0.59 USD
Independent Bank Corp. Jul 07, 2025 0.59 USD
Stock Splits
Split Date Split Ratio to 1
Oct. 1, 1987 1.500000
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