INDEPENDENT BANK CORP
INDEPENDENT BANK CORP
Insider Sentiment (TTM):
Last Purchase:2024-03-01Last Sale:2026-05-18Shares Purchased (TTM):0Shares Sold (TTM):232,748.73
Institutional Sentiment:
As of:2026-03-31Institutional Shares Owned:56,087,321Shares Outstanding:48,970,060Institutional Ownership Pct.:114.53%
Earnings Market Reaction:
Filing Date:2026-08-06Price on Filing Date:N/APrevious Close:N/A% Change:N/A
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Financial Statements
Values in Millions ($) | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | Subscriber-only column | Subscriber-only column | Subscriber-only column | Subscriber-only column | Financial statements beyond 3 years are for subscribers only. Unlock 17+ years of income statements, balance sheets, and cash flow statements Start 7-day free trial |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Assets | |||||||||||||||||
Cash And Due From Banks | 252 | 223 | 230 | 203 | 219 | 215 | 188 | 199 | 193 | 165 | 179 | 177 | |||||
Interest Bearing Deposits In Banks | 749 | 506 | 542 | 707 | 682 | 502 | 32 | 225 | 121 | 56 | 45 | 43 | |||||
Marketable Securities | |||||||||||||||||
Trading Securities Debt | 5 | 6 | 5 | 5 | 5 | 5 | 4 | 4 | 4 | 5 | 5 | 4 | |||||
Equity Securities Fv Ni | 22 | 22 | 22 | 22 | 21 | 21 | 21 | 22 | 21 | 23 | 23 | 21 | |||||
Debt Securities Available For Sale Excluding Accru… | 2,076 | 2,088 | 2,004 | 1,941 | 1,286 | 1,284 | 1,251 | 1,247 | 1,221 | 1,273 | 1,334 | 1,354 | |||||
Debt Securities Held To Maturity Excluding Accrued… | 1,210 | 1,257 | 1,279 | 1,358 | 1,383 | 1,410 | 1,435 | 1,492 | 1,520 | 1,545 | 1,569 | 1,594 | |||||
Marketable Securities | 3,313 | 3,372 | 3,310 | 3,325 | 2,695 | 2,720 | 2,711 | 2,766 | 2,766 | 2,846 | 2,931 | 2,974 | |||||
Loans Receivable Held For Sale Net Not Part Of Dis… | 22 | 17 | 36 | 17 | 17 | 9 | 7 | 16 | 18 | 11 | 6 | 4 | |||||
Loans And Leases Receivab… | |||||||||||||||||
Notes Receivable Gross | 18,394 | 18,425 | 18,504 | 18,452 | 14,534 | 14,492 | 14,508 | 14,361 | 14,401 | 14,331 | 14,278 | 14,224 | |||||
Financing Receivable Allowance For Credit Loss Exc… | - | - | -190 | - | - | - | -170 | - | - | - | -142 | - | |||||
Loans And Leases Receivable Allowance | - | - | - | - | - | - | - | - | - | - | -142 | - | |||||
Financing Receivable Allowance For Credit Losses | - | -191 | - | -190 | -145 | -144 | - | -164 | -151 | -147 | - | -141 | |||||
Notes Receivable Net | 18,198 | 18,235 | 18,314 | 18,262 | 14,389 | 14,348 | 14,338 | 14,197 | 14,250 | 14,184 | 14,136 | 14,084 | |||||
Federal Home Loan Bank Stock | 14 | 18 | 22 | 22 | 21 | 26 | 32 | 30 | 33 | 46 | 44 | 44 | |||||
Property Plant And Equipment Net | 218 | 218 | 218 | 221 | 189 | 190 | 193 | 192 | 191 | 193 | 193 | 192 | |||||
Goodwill | 1,091 | 1,091 | 1,091 | 1,083 | 985 | 985 | 985 | 985 | 985 | 985 | 985 | 985 | |||||
Finite Lived Intangible Assets Net | 120 | 127 | 134 | 142 | 10 | 11 | 12 | 14 | 15 | 17 | 18 | 20 | |||||
Bank Owned Life Insurance | 381 | 380 | 379 | 376 | 305 | 306 | 304 | 302 | 300 | 298 | 297 | 296 | |||||
Other Assets | 616 | 598 | 639 | 634 | 537 | 577 | 570 | 482 | 539 | 524 | 513 | 550 | |||||
Assets | 24,974 | 24,784 | 24,913 | 24,993 | 20,049 | 19,888 | 19,374 | 19,408 | 19,411 | 19,325 | 19,347 | 19,368 | |||||
Liabilities And Stockhold… | |||||||||||||||||
Deposits | |||||||||||||||||
Demand Deposit Accounts | 5,710 | 5,633 | 5,601 | 5,636 | 4,526 | 4,410 | 4,391 | 4,519 | 4,419 | 4,470 | 4,567 | 4,796 | |||||
Deposits Savings Deposits | 6,504 | 6,311 | 6,483 | 7,112 | 5,279 | 5,280 | 5,208 | 5,188 | 5,241 | 5,196 | 5,299 | 5,398 | |||||
Deposits Money Market Deposits | 4,929 | 4,898 | 4,775 | 4,128 | 3,368 | 3,277 | 2,960 | 2,970 | 3,058 | 2,944 | 2,818 | 2,852 | |||||
Time Deposits | - | - | 3,268 | - | - | - | 2,747 | - | - | - | 2,181 | - | |||||
Interest Bearing Domestic Deposit Time Deposits | 3,249 | 3,255 | - | 3,420 | 2,720 | 2,710 | - | 2,763 | 2,691 | 2,433 | - | 2,013 | |||||
Deposits | 20,392 | 20,098 | 20,127 | 20,296 | 15,894 | 15,676 | 15,306 | 15,441 | 15,410 | 15,043 | 14,866 | 15,060 | |||||
Debt And Capital Lease Ob… | |||||||||||||||||
Advances From Federal Home Loan Banks | 217 | 317 | 405 | 416 | 401 | 501 | 639 | 601 | 631 | 963 | 1,106 | 888 | |||||
Line Of Credit | 125 | 100 | 50 | - | - | - | 0 | - | - | - | - | - | |||||
Junior Subordinated Notes | 63 | 63 | 63 | 63 | 63 | 63 | 63 | 63 | 63 | 63 | 63 | 63 | |||||
Subordinated Debt | 297 | 297 | 296 | 296 | 296 | 297 | 0 | 0 | 0 | - | 50 | 50 | |||||
Debt And Capital Lease Obligations | 701 | 776 | 826 | 775 | 759 | 860 | 701 | 663 | 693 | 1,025 | 1,218 | 1,000 | |||||
Other Liabilities | 368 | 368 | 395 | 375 | 321 | 319 | 373 | 327 | 389 | 372 | 368 | 423 | |||||
Liabilities | 21,462 | 21,242 | 21,347 | 21,446 | 16,974 | 16,855 | 16,380 | 16,431 | 16,492 | 16,440 | 16,452 | 16,483 | |||||
Commitments And Contingencies | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||
Stockholders Equity | |||||||||||||||||
Preferred Stock Value | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||
Common Stock Value | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||
Common Stock Issued Employee Stock Trust | -4 | -4 | -3 | -4 | -3 | -4 | -3 | -3 | -3 | -3 | -3 | -3 | |||||
Compensation And Benefits Trust | 4 | 4 | 3 | 4 | 3 | 4 | 3 | 3 | 3 | 3 | 3 | 3 | |||||
Additional Paid In Capital | 2,201 | 2,273 | 2,336 | 2,371 | 1,915 | 1,911 | 1,910 | 1,907 | 1,905 | 1,902 | 1,932 | 1,999 | |||||
Retained Earnings Accumulated Deficit | 1,369 | 1,318 | 1,269 | 1,223 | 1,218 | 1,192 | 1,173 | 1,147 | 1,128 | 1,101 | 1,077 | 1,046 | |||||
Accumulated Other Comprehensive Income Loss Net Of… | -59 | -49 | -40 | -48 | -58 | -70 | -90 | -77 | -114 | -119 | -115 | -161 | |||||
Stockholders Equity | 3,512 | 3,542 | 3,566 | 3,547 | 3,075 | 3,033 | 2,993 | 2,977 | 2,919 | 2,884 | 2,895 | 2,885 | |||||
Liabilities And Stockholders Equity | 24,974 | 24,784 | 24,913 | 24,993 | 20,049 | 19,888 | 19,374 | 19,408 | 19,411 | 19,325 | 19,347 | 19,368 | |||||
Debt Securities Available For Sale Amortized Cost … | 2,147 | 2,148 | 2,052 | 1,998 | 1,355 | 1,366 | 1,354 | 1,335 | 1,345 | 1,402 | 1,460 | 1,525 | |||||
Held To Maturity Securities Fair Value | 1,118 | 1,166 | 1,191 | 1,261 | 1,274 | 1,289 | 1,292 | 1,377 | 1,358 | 1,384 | 1,418 | 1,384 | |||||
Preferred Stock Par Or Stated Value Per Share | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | |||||
Preferred Stock Shares Authorized | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | |||||
Preferred Stock Shares Outstanding | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||
Common Stock Par Or Stated Value Per Share | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | |||||
Common Stock Shares Authorized | 75 | 75 | 75 | 75 | 75 | 75 | 75 | 75 | 75 | 75 | 75 | 75 | |||||
Shares Outstanding | 48 | 49 | 49 | 50 | 43 | 43 | 43 | 42 | 42 | 42 | 43 | 44 | |||||
Common Stock Shares Issued | 48 | 49 | 49 | 50 | 43 | 43 | 43 | 42 | 42 | 42 | 43 | 44 | |||||
Share Based Compensation Arrangement By Share Base… | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||
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Earnings Market Reaction
| Fiscal Year | Q1 1 Month | Q1 2 Month | Q1 3 Month | Q2 1 Month | Q2 2 Month | Q2 3 Month | Q3 1 Month | Q3 2 Month | Q3 3 Month | Q4 1 Month | Q4 2 Month | Q4 3 Month |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.57% | 8.34% | 9.07% | - | - | - | - | - | - | - | - | - |
| 2025 | 1.20% | 4.71% | 10.02% | 11.53% | 10.71% | 8.83% | 3.31% | 8.52% | 13.19% | -4.32% | 0.72% | -1.75% |
| 2024 | -0.84% | -0.98% | 26.67% | 8.71% | 0.34% | 7.24% | 2.52% | -7.95% | -4.87% | -8.01% | -17.79% | -4.74% |
| 2023 | - | - | - | - | - | - | 6.28% | 26.94% | 15.89% | -0.90% | -0.13% | 4.59% |
Earnings Market Reaction data beyond 3 years is for subscribers only. Unlock the full earnings market reaction history Start 7-day free trial | ||||||||||||
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Performance and Valuation Metrics
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Metrics | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | Subscriber-only column | Subscriber-only column | Subscriber-only column | Subscriber-only column | Metric history beyond 3 years is for subscribers only. Unlock 17+ years of history across 90+ calculated metrics Start 7-day free trial |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Leverage & Debt | |||||||||||||||||
| Interest Coverage TTM | -0.68 | -0.69 | -0.71 | -0.72 | -0.67 | -0.33 | 0.12 | 0.75 | 1.83 | 1.97 | 2.27 | 2.83 | |||||
Per Share Metrics | |||||||||||||||||
| Diluted EPS TTM | 5.64 | 4.91 | 4.44 | 3.60 | 4.42 | 4.43 | 4.52 | 4.63 | 5.06 | 5.31 | 5.42 | 5.93 | |||||
| Free Cash Flow Per Share TTM | 6.32 | 6.93 | 5.18 | 4.01 | 5.04 | 4.09 | 4.93 | 5.18 | 5.51 | 6.12 | 5.91 | 7.37 | |||||
| Dividend Per Share TTM | 2.39 | 2.22 | 2.25 | 1.98 | 2.29 | 2.28 | 2.26 | 2.27 | 2.27 | 2.27 | 2.22 | 2.20 | |||||
Margin Metrics | |||||||||||||||||
| Gross Profit Margin TTM | 71.61% | 70.48% | 69.33% | 68.11% | 67.14% | 66.52% | 65.87% | 57.86% | 59.79% | 62.54% | 66.91% | 81.51% | |||||
| Operating Profit Margin TTM | 21.80% | 19.49% | 16.37% | 17.78% | 20.66% | 20.88% | 21.60% | 21.83% | 25.18% | 27.59% | 30.69% | 44.59% | |||||
| Net Profit Margin TTM | 23.16% | 21.86% | 20.06% | 19.11% | 21.84% | 22.03% | 22.52% | 23.33% | 25.87% | 27.67% | 30.10% | 33.87% | |||||
Growth Metrics | |||||||||||||||||
| Net Revenue Growth (1Y) | 35.79% | 28.50% | 19.89% | 11.57% | 3.97% | 4.87% | 7.17% | 9.18% | 12.20% | 18.53% | 23.78% | 32.17% | |||||
| Net Income Growth (1Y) | 43.95% | 27.49% | 6.79% | -8.65% | -12.20% | -16.50% | -19.80% | -24.79% | -21.30% | -16.89% | -9.22% | 38.88% | |||||
| EPS Growth (1Y) | 27.68% | 10.78% | -1.70% | -22.29% | -12.52% | -16.49% | -16.63% | -21.86% | -18.23% | -12.11% | -4.71% | 44.24% | |||||
Valuation Metrics | |||||||||||||||||
| P/E TTM | 14.83 | 15.19 | 16.18 | 18.75 | 13.77 | 13.55 | 13.49 | 12.02 | 9.25 | 9.03 | 11.07 | 7.49 | |||||
| P/B TTM | 1.15 | 1.03 | 0.93 | 0.95 | 0.84 | 0.84 | 0.87 | 0.79 | 0.68 | 0.71 | 0.92 | 0.68 | |||||
| P/S TTM | 3.43 | 3.32 | 3.25 | 3.58 | 3.01 | 2.98 | 3.04 | 2.80 | 2.39 | 2.50 | 3.33 | 2.54 | |||||
| Market Cap | 4.02B | 3.66B | 3.32B | 3.37B | 2.60B | 2.56B | 2.59B | 2.37B | 1.99B | 2.04B | 2.65B | 1.96B | |||||
| Enterprise Value | 3.08B | 2.99B | 2.61B | 2.52B | 1.76B | 1.90B | 2.44B | 2.00B | 1.74B | 1.88B | 2.49B | 1.80B | |||||
Calculated Values | |||||||||||||||||
| Free Cash Flow TTM | 303.80M | 339.33M | 239.03M | 200.00M | 214.70M | 174.12M | 209.49M | 220.18M | 234.16M | 260.58M | 261.15M | 325.24M | |||||
| Net Debt | -938.36M | -666.12M | -709.04M | -847.93M | -838.37M | -653.98M | -157.03M | -361.59M | -251.02M | -158.46M | -161.47M | -157.27M | |||||
Per-Share and Margin | |||||||||||||||||
| EPS TTM | |||||||||||||||||
| Adjusted EPS TTM | |||||||||||||||||
| Cash Flow Per Share TTM | |||||||||||||||||
| Pretax Margin TTM | |||||||||||||||||
| Stock Comp to Revenue TTM | |||||||||||||||||
Turnover Ratios and Averages | |||||||||||||||||
| Average Assets | |||||||||||||||||
| Average Equity | |||||||||||||||||
| Average Inventory | |||||||||||||||||
| Average Receivables | |||||||||||||||||
| Average Accounts Payables | |||||||||||||||||
| Inventory Turnover TTM | |||||||||||||||||
| Payables Turnover TTM | |||||||||||||||||
| Days Inventory Outstanding TTM | |||||||||||||||||
| Days Payables Outstanding TTM | |||||||||||||||||
| Cash Conversion Cycle TTM | |||||||||||||||||
| Working Capital to Revenue | |||||||||||||||||
| Deferred Revenue to Revenue | |||||||||||||||||
Growth Rates | |||||||||||||||||
| Total Assets Growth (1Y) | |||||||||||||||||
| Total Assets Growth (3Y) | |||||||||||||||||
| Total Assets Growth (5Y) | |||||||||||||||||
| Dividends Paid Growth (1Y) | |||||||||||||||||
| Dividends Paid Growth (3Y) | |||||||||||||||||
| Dividends Paid Growth (5Y) | |||||||||||||||||
| EPS Growth (3Y) | |||||||||||||||||
| EPS Growth (5Y) | |||||||||||||||||
| Net Income Growth (3Y) | |||||||||||||||||
| Net Income Growth (5Y) | |||||||||||||||||
| Net Profit Margin Growth (1Y) | |||||||||||||||||
| Net Profit Margin Growth (3Y) | |||||||||||||||||
| Net Profit Margin Growth (5Y) | |||||||||||||||||
| Net Revenue Growth (3Y) | |||||||||||||||||
| Net Revenue Growth (5Y) | |||||||||||||||||
| Deferred Revenue Growth (1Y) | |||||||||||||||||
| Retained Earnings Growth (1Y) | |||||||||||||||||
Credit, Liquidity, Returns, Payout | |||||||||||||||||
| Cash Ratio | |||||||||||||||||
| Net Working Capital | |||||||||||||||||
| Debt to EBITDA TTM | |||||||||||||||||
| Net Debt to EBITDA TTM | |||||||||||||||||
| Net Debt to Equity | |||||||||||||||||
| Altman A | |||||||||||||||||
| Altman B | |||||||||||||||||
| Altman C | |||||||||||||||||
| Altman D | |||||||||||||||||
| Altman E | |||||||||||||||||
| Altman Z-Score | |||||||||||||||||
| ROA TTM | |||||||||||||||||
| ROE TTM | |||||||||||||||||
| NOPAT TTM | |||||||||||||||||
| ROIC TTM | |||||||||||||||||
| Effective Tax Rate TTM | |||||||||||||||||
| Payout Ratio TTM | |||||||||||||||||
| Dilution Ratio | |||||||||||||||||
| Retained Earnings to Equity | |||||||||||||||||
| Treasury Stock to Equity | |||||||||||||||||
| Treasury Stock Change (1Y) | |||||||||||||||||
| Accrued to Current Liabilities | |||||||||||||||||
| NCAV | |||||||||||||||||
| NCAV Per Share TTM | |||||||||||||||||
Valuation Ratios | |||||||||||||||||
| P/CF TTM | |||||||||||||||||
| Dividend Yield TTM | |||||||||||||||||
| Free Cash Flow Yield TTM | |||||||||||||||||
| EV EBITDA TTM | |||||||||||||||||
| EV EBIT TTM | |||||||||||||||||
| Stock Compensation TTM | |||||||||||||||||
| Adjusted Net Income TTM | |||||||||||||||||
| Billings TTM | |||||||||||||||||
| Total Debt | |||||||||||||||||
| Invested Capital | |||||||||||||||||
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Insider Transactions
2026-05-18Sale
Owner: Lerner, Joseph C
Title: -
Shares: 2,832
Price/Share: $77.31
Value: $218,941.92
Shares Owned: 16,215
Relationship: Director
Ownership: Direct
2026-02-06Sale
Owner: Morrissey, John J
Title: -
Shares: 1,988
Price/Share: $85.70
Value: $170,371.60
Shares Owned: 12,747
Relationship: Director
Ownership: Direct
2026-02-04Sale
Owner: Abelli, Donna L
Title: -
Shares: 524
Price/Share: $85.00
Value: $44,517.05
Shares Owned: 13,247
Relationship: Director
Ownership: Direct
2025-12-05Sale
Owner: Venables, Thomas R
Title: -
Shares: 405
Price/Share: $73.93
Value: $29,941.65
Shares Owned: 20,557
Relationship: Director
Ownership: Direct
2025-12-03Sale
Owner: Nadeau, Gerard F
Title: -
Shares: 2,000
Price/Share: $74.11
Value: $148,220.00
Shares Owned: 20,395
Relationship: Director
Ownership: Direct
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Institutional Ownership
No data available for chart
2026-03-31
114.53%
Inst. Shares: 56,087,321
Shares Outstanding: 48,970,060
2025-12-31
122.30%
Inst. Shares: 56,465,512
Shares Outstanding: 46,169,692
2025-09-30
111.81%
Inst. Shares: 55,831,486
Shares Outstanding: 49,934,574
2025-06-30
124.46%
Inst. Shares: 53,048,752
Shares Outstanding: 42,623,978
2025-03-31
120.52%
Inst. Shares: 51,280,469
Shares Outstanding: 42,550,274
INDEPENDENT BANK CORP (INDB) — SEC Financial Statements & Analysis
INDEPENDENT BANK CORP (INDB) is a state commercial banks company, incorporated in MA. INDEPENDENT BANK CORP trades on Nasdaq as: INDB. Based on its latest SEC filing (Form 10-Q, period ending 2026-06-30), INDEPENDENT BANK CORP reported a 35.79% year-over-year revenue growth, a Gross Profit Margin of 71.61% (TTM), a Price-to-Sales (P/S) ratio of 3.43x (TTM), a Price-to-Book (P/B) ratio of 1.15x (TTM), at a market cap of $4.02B. Figures below are sourced from SEC EDGAR, as-filed.
- Net Revenue TTM Growth 1Y
- 35.79%
- Gross Profit Margin TTM
- 71.61%
- P/S TTM
- 3.43x
- P/B TTM
- 1.15x
- Market Cap
- $4.02B
Data as of 2026-06-30 · Source: SEC EDGAR
Frequently Asked Questions
What industry is INDEPENDENT BANK CORP in?
INDEPENDENT BANK CORP (INDB) operates in the State Commercial Banks industry.
What is INDB's market cap?
INDEPENDENT BANK CORP (INDB) has a market capitalization of $4.02B as of 2026-06-30.
What is INDB's P/E ratio?
INDEPENDENT BANK CORP (INDB)'s trailing twelve month P/E ratio is 14.83x as of 2026-06-30.
What exchange does INDB trade on?
INDEPENDENT BANK CORP (INDB) trades on the Nasdaq.
Where is INDEPENDENT BANK CORP incorporated?
INDEPENDENT BANK CORP is incorporated in MA.