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Ticker
INDB

Price
82.95
Stock movement down
-0.73 (-0.87%)
Company name
Independent Bank
Exchange
(NASDAQ
,
Currency
USD
)
Sector
Financial Services >
Banks - Regional
Market cap
4.03B
Ent value
25.15B
Price/Sales
3.46
Price/Book
1.13
Div yield
2.85%
Div growth
-0.57%
Growth years
10
FCF payout
46.65%
Trailing P/E
19.66
Forward P/E
10.00
PEG
7.86
EPS growth
2.64%
1 year return (CAGR)
20.20%
3 year return (CAGR)
0.97%
5 year return (CAGR)
0.85%
10 year return (CAGR)
6.89%
Last updated: 2026-02-19

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DIVIDENDS

Dividend yield - 5y

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Dividend yield data
Dividend per share2.36
Dividend yield2.85%
Payout frequencyQuarterly
Maximum yield4.98%
Average yield3.26%
Minimum yield1.95%
Discount to avg yield-14.55%
Upside potential-12.70%
Yield as % of max yield57.08%

Yield distribution (inverse percentile) - 5y

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Yield distribution data
Dividend yield2.85%
Current yield distribution58.41%
Yield at 100% (Min)1.95%
Yield at 90%2.36%
Yield at 80%2.45%
Yield at 50% (Median)3.29%
Yield at 20%3.97%
Yield at 10%4.45%
Yield at 0% (Max)4.98%

Dividend per share

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Dividend per share data
Years of growth10 years
CCC statusDividend Contender
Dividend per share2.36
Payout frequencyQuarterly
Ex-div date29 Dec 2025
EPS (TTM)4.15
EPS (1y forward)8.30
EPS growth (5y)2.64%
EPS growth (5y forward)2.50%

Dividend growth

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Dividend growth data
INDBS&P500
DGR MR3.51%-13.74%
DGR TTM4.46%6.60%
DGR 3 years-3.79%7.31%
DGR 5 years-0.57%4.69%
DGR 10 years5.94%6.30%
DGR 15 years5.94%8.16%
Time since last change announced248 days
EPS growth (5y)2.64%
EPS growth (5y forward)2.50%

Payout ratio

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Payout ratio data
EPS coverageFCF coverage
TTM36.33%46.65%
Average--
Forward28.44%-

VALUATION

Valuation Ratios

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Valuation Ratios data
Trailing P/E19.66
Price to OCF23.42
Price to FCF25.25
Price to EBITDA16.67
EV to EBITDA103.93

Valuation (Sales/Book Value)

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Valuation (Sales/Book Value) data
Price to Sales3.46
Price to Book1.13
EV to Sales21.55

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FINANCIALS

Per share

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Per share data
Current share count48.62M
EPS (TTM)4.15
FCF per share (TTM)3.23

Income statement

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Income statement data
Revenue (TTM)1.17B
Gross profit (TTM)792.88M
Operating income (TTM)266.92M
Net income (TTM)205.12M
EPS (TTM)4.15
EPS (1y forward)8.30

Margins

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Margins data
Gross margin (TTM)67.93%
Operating margin (TTM)22.87%
Profit margin (TTM)17.57%

Balance Sheet

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Balance Sheet data
Cash229.77M
Net receivables0.00
Total current assets229.77M
Goodwill1.09B
Intangible assets133.58M
Property, plant and equipment0.00
Total assets24.91B
Accounts payable0.00
Short/Current long term debt825.85M
Total current liabilities10.38B
Total liabilities21.35B
Shareholder's equity3.57B
Net tangible assets0.00

Cash flow

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Cash flow data
Operating cash flow (TTM)172.22M
Capital expenditures (TTM)12.50M
Free cash flow (TTM)159.72M
Dividends paid (TTM)74.52M

Financial returns

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Financial returns data
Return on Equity5.75%
Return on Assets0.82%
Return on Invested Capital5.75%
Cash Return on Invested Capital4.48%

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STOCK INFORMATION

Stock chart

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Stock price data
Open83.98
Daily high84.99
Daily low82.80
Daily Volume258K
All-time high98.62
1y analyst estimate90.00
Beta0.80
EPS (TTM)4.15
Dividend per share2.36
Ex-div date29 Dec 2025
Next earnings date16 Apr 2026

Downside potential

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Downside potential data
INDBS&P500
Current price drop from All-time high-15.89%-1.82%
Highest price drop-88.89%-56.47%
Date of highest drop25 Jul 19919 Mar 2009
Avg drop from high-24.15%-10.84%
Avg time to new high44 days12 days
Max time to new high1649 days1805 days

iO Charts is a Seeking Alpha partner

iO Charts is a Seeking Alpha partner

COMPANY DETAILS
INDB (Independent Bank) company logo
Marketcap
4.03B
Marketcap category
Mid-cap
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 in the United States. The company provides interest checking, money market, and savings accounts, as well as demand deposits and time certificates of deposit. It 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, the company 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; mobile, online, and telephone banking; estate settlement, financial planning, tax services, and other services; automated teller machines; 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, it 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.
Employees
1837
Investor relations
SEC filings
CEO
Country
USA
City
Stock type
Common stock
CCC status
Dividend Contender
Dividend Frequency
Quarterly
EVENTS AND PRESENTATIONS
EventsPresentations
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UNDERSTAND THE BUSINESS
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