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Independent Bank Corp. (INDB)

79.88 +2.80 (+3.63%)
At close: October 16 at 4:00:02 PM EDT
79.88 0.00 (0.00%)
After hours: October 16 at 5:21:26 PM EDT
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INDB Q3 2026 earnings call
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Chart Range Bar
Loading chart for INDB
  • Previous Close 77.08
  • Open 78.14
  • Bid 57.48 x 200
  • Ask 100.21 x 200
  • Day's Range 78.06 - 81.21
  • 52 Week Range 65.45 - 87.50
  • Volume 609,586
  • Avg. Volume 371,476
  • Market Cap (intraday) 3.784B
  • Beta (5Y Monthly) 0.80
  • PE Ratio (TTM) 11.76
  • EPS (TTM) 6.79
  • Earnings Date Oct 15, 2026
  • Forward Dividend & Yield 2.56 (3.20%)
  • 1y Target Est 93.86
  • Zacks Rating Neutral

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.

www.rocklandtrust.com

2,294

Full Time Employees

December 31

Fiscal Year Ends

Banks - Regional

Industry

Performance Overview

Trailing total returns as of 10/16/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC) .

YTD Return

INDB
11.98%
S&P 500 (^GSPC)
11.89%

1-Year Return

INDB
28.09%
S&P 500 (^GSPC)
15.54%

3-Year Return

INDB
83.98%
S&P 500 (^GSPC)
75.13%

5-Year Return

INDB
17.94%
S&P 500 (^GSPC)
71.30%

Earnings Trends

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Earnings Per Share

GAAP
Normalized
GAAP
Normalized

Revenue vs. Earnings

Annual
Quarterly
Annual
Quarterly
Q3 FY26
Revenue 261.95M
Earnings 89.75M
Profit Margin 34.26%

Q4

FY25

Q1

FY26

Q2

FY26

Q3

FY26

0
50M
100M
150M
200M
250M
30.0%
31.0%
32.0%
33.0%
34.0%

Analyst Insights

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Analyst Price Targets

82.00
93.86 Average
79.88 Current
103.00 High

Analyst Recommendations

  • Strong Buy
  • Buy
  • Hold
  • Underperform
  • Sell

Latest Rating

Date 7/20/2026
Analyst Keefe, Bruyette & Woods
Rating Action Maintains
Rating Outperform
Price Action Lowers
Price Target 99 -> 96

Statistics

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Valuation Measures

Annual
As of 9/23/2026
  • Market Cap

    3.78B

  • Enterprise Value

    --

  • Trailing P/E

    14.54

  • Forward P/E

    9.49

  • PEG Ratio (5yr expected)

    --

  • Price/Sales (ttm)

    3.97

  • Price/Book (mrq)

    1.08

  • Enterprise Value/Revenue

    4.51

  • Enterprise Value/EBITDA

    --

Financial Highlights

Profitability and Income Statement

  • Profit Margin

    32.72%

  • Return on Assets (ttm)

    1.31%

  • Return on Equity (ttm)

    9.34%

  • Revenue (ttm)

    998.92M

  • Net Income Avi to Common (ttm)

    326.84M

  • Diluted EPS (ttm)

    6.79

Balance Sheet and Cash Flow

  • Total Cash (mrq)

    659.38M

  • Total Debt/Equity (mrq)

    --

  • Levered Free Cash Flow (ttm)

    --

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Company Insights

Fair Value

79.88 Current

Dividend Score

0 Low
Sector Avg.
100 High

Hiring Score

0 Low
Sector Avg.
100 High

Insider Sentiment Score

0 Low
Sector Avg.
100 High

Research Reports

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  • Lowering target price to $73.00

    Independent Bank Corp has an Investment Rating of HOLD; a target price of $73.000000; an Industry Subrating of High; a Management Subrating of Medium; a Safety Subrating of Medium; a Financial Strength Subrating of Medium; a Growth Subrating of Medium; and a Value Subrating of Medium.

  • Raising target price to $75.00

    Independent Bank Corp has an Investment Rating of HOLD; a target price of $75.000000; an Industry Subrating of High; a Management Subrating of Medium; a Safety Subrating of Medium; a Financial Strength Subrating of Medium; a Growth Subrating of Medium; and a Value Subrating of Medium.

  • Rating decreased to a HOLD

    Independent Bank Corp has an Investment Rating of HOLD; a target price of $74.000000; an Industry Subrating of High; a Management Subrating of Medium; a Safety Subrating of Medium; a Financial Strength Subrating of Medium; a Growth Subrating of Medium; and a Value Subrating of Medium.

  • Lowering target price to $88.00

    Independent Bank Corp has an Investment Rating of BUY; a target price of $88.000000; an Industry Subrating of High; a Management Subrating of Medium; a Safety Subrating of Medium; a Financial Strength Subrating of Medium; a Growth Subrating of Medium; and a Value Subrating of High.

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