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 |
| Vol | 275.10K |
| As of | 25 Sep 2026 |
The Verdict
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/E | 14.68x |
| Forward P/E | 9.77x |
| P / S (ttm) | 4.05x |
| Profit margin | 28.6% |
| Return on equity | 8.2% |
| Revenue growth | +41.5% |
| Earnings growth | +41.8% |
Layer Breakdown
| Layer | Raw | Contribution |
|---|---|---|
| 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.
Risk Metrics
| Beta vs SPX | 0.98 |
|---|---|
| Corr SPX | 0.53 |
| Annual vol | 29.9% |
| Annual ret | +19.1% |
| Sharpe | 0.64 |
| Max DD | -28.5% |
Window: 504 trading days (504 obs)
Material Events
| Date | Event | 8-K |
|---|---|---|
| 2026-07-27 | Reg FD Disclosure, Exhibits | read |
| 2026-07-16 | Earnings Release, Reg FD Disclosure… | read |
| 2026-06-18 | Other Material Event, Exhibits | read |
| 2026-06-16 | Reg FD Disclosure, Exhibits | read |
| 2026-05-14 | Shareholder Vote | read |
| 2026-05-01 | Other Material Event, Exhibits | read |
| 2026-04-16 | Earnings Release, Reg FD Disclosure… | read |
| 2026-04-13 | Officer / Director Change, Exhibits | read |
| 2026-03-19 | Other Material Event, Exhibits | read |
| 2026-03-13 | Officer / Director Change, Exhibits | read |
| 2026-03-09 | Reg FD Disclosure, Exhibits | read |
| 2026-03-04 | Other Material Event, Exhibits | read |
Insider Trades
| Date | Insider | Role | Action | Shares | Value |
|---|---|---|---|---|---|
| 2026-08-03 | Nadeau Gerard F | Sell | 5.31K | $449.47K | |
| 2026-05-19 | O'DAY SUSAN PERRY | Grant | 842 | — | |
| 2026-05-19 | MORTON JAMES O'SHANNA | Grant | 842 | — | |
| 2026-05-19 | LERNER JOSEPH C | Grant | 842 | — | |
| 2026-05-19 | Abelli Donna L | Grant | 842 | — | |
| 2026-05-19 | O'Leary Leif | Grant | 842 | — | |
| 2026-05-19 | ANSIN KEN S | Grant | 842 | — | |
| 2026-05-19 | Nadeau Gerard F | Grant | 842 | — | |
| 2026-05-19 | Venables Thomas R | Grant | 842 | — | |
| 2026-05-18 | LERNER JOSEPH C | Sell | 2.83K | $218.95K |
Flow & Concentration
| Insider 180d net | -$668.42K |
|---|---|
| Insider buys / sells | 0 / 2 |
| Insider bias | Neutral |
| 13F holders | 1 |
| Top-5 share | 100.0% |
| HHI | 10,000 (concentrated) |
Top Holders
| Holder | Value | Shares |
|---|---|---|
| BlackRock Inc | $256.96M | 5.65M |
As of 2024-06-30
SEC Filings
The Long Run
FY 2011–2025 · 14 years
| Line | Latest | CAGR | Trend |
|---|---|---|---|
| Net income | $205.12M | +12.3% | |
| Cash from ops | $276.99M | +14.7% |
Indices
Recent Sessions
| Date | Open | High | Low | Close | Vol |
|---|---|---|---|---|---|
| Sep 25 | $80.82 | $81.74 | $80.69 | $81.20 | 275.10K |
| Sep 24 | $80.28 | $80.66 | $79.34 | $80.24 | 346.20K |
| Sep 23 | $79.91 | $80.90 | $79.75 | $79.79 | 291.50K |
| Sep 22 | $81.87 | $81.87 | $80.28 | $80.30 | 371.30K |
| Sep 21 | $82.30 | $82.50 | $81.17 | $81.20 | 327.50K |
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