Inside the research

Independent Bank Corp.

INDB Research profile · latest available data

Price overview

$81.20

▲ +0.96 (+1.2%)

52w hi$87.17
52w lo$62.86
Vol275.10K
As of25 Sep 2026

The Verdict

Hold

Our score +0.15

Short-0.08
Medium+0.17
Long+0.54

computed 2026-09-27

Key fundamentals

Independent Bank Corp.

Financial Services · Banks - Regional

Market cap$3.85B
Enterprise value$3.57B
Trailing P/E14.68x
Forward P/E9.77x
P / S (ttm)4.05x
Profit margin28.6%
Return on equity8.2%
Revenue growth+41.5%
Earnings growth+41.8%

Layer Breakdown

LayerRawContribution
Fundamental+0.43
Sector+0.02
Technical-0.04
Earnings+0.00
Sentiment+0.00

macro × 1.00 · 2026-09-27

Business overview

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.

United States · www.rocklandtrust.com

Risk Metrics

Beta vs SPX0.98
Corr SPX0.53
Annual vol29.9%
Annual ret+19.1%
Sharpe0.64
Max DD-28.5%

Window: 504 trading days (504 obs)

Material Events

DateEvent8-K
2026-07-27Reg FD Disclosure, Exhibitsread
2026-07-16Earnings Release, Reg FD Disclosure…read
2026-06-18Other Material Event, Exhibitsread
2026-06-16Reg FD Disclosure, Exhibitsread
2026-05-14Shareholder Voteread
2026-05-01Other Material Event, Exhibitsread
2026-04-16Earnings Release, Reg FD Disclosure…read
2026-04-13Officer / Director Change, Exhibitsread
2026-03-19Other Material Event, Exhibitsread
2026-03-13Officer / Director Change, Exhibitsread
2026-03-09Reg FD Disclosure, Exhibitsread
2026-03-04Other Material Event, Exhibitsread

Insider Trades

DateInsiderRoleActionSharesValue
2026-08-03Nadeau Gerard FSell5.31K$449.47K
2026-05-19O'DAY SUSAN PERRYGrant842—
2026-05-19MORTON JAMES O'SHANNAGrant842—
2026-05-19LERNER JOSEPH CGrant842—
2026-05-19Abelli Donna LGrant842—
2026-05-19O'Leary LeifGrant842—
2026-05-19ANSIN KEN SGrant842—
2026-05-19Nadeau Gerard FGrant842—
2026-05-19Venables Thomas RGrant842—
2026-05-18LERNER JOSEPH CSell2.83K$218.95K

Flow & Concentration

Insider 180d net-$668.42K
Insider buys / sells0 / 2
Insider biasNeutral
13F holders1
Top-5 share100.0%
HHI10,000 (concentrated)

Top Holders

HolderValueShares
BlackRock Inc$256.96M5.65M

As of 2024-06-30

SEC Filings

DateFormDoc
2026-08-0610-Qview
2026-08-054view
2026-07-278-Kview
2026-07-168-Kview
2026-06-2511-Kview
2026-06-188-Kview
2026-06-168-Kview
2026-06-014view
2026-05-214view
2026-05-214view
2026-05-214view
2026-05-214view
2026-05-214view
2026-05-214view
2026-05-214view

The Long Run

FY 2011–2025 · 14 years

LineLatestCAGRTrend
Net income$205.12M+12.3%
Cash from ops$276.99M+14.7%

Indices

S&P SmallCap 600

Recent Sessions

DateOpenHighLowCloseVol
Sep 25$80.82$81.74$80.69$81.20275.10K
Sep 24$80.28$80.66$79.34$80.24346.20K
Sep 23$79.91$80.90$79.75$79.79291.50K
Sep 22$81.87$81.87$80.28$80.30371.30K
Sep 21$82.30$82.50$81.17$81.20327.50K

Understand the score. Research layers are inputs to a model, and the available data has limits.

Read the methodology →