Stocks · Financial Services · Banks - Regional
Independent Bank Corp. INDB
$80.06 +1.43% Close, Oct 2, 2026 · NASDAQ · Market cap $3.86B
Strong growth
Next earnings report: Oct 15, 2026
Scroll or pinch to zoom, drag to move. Daily prices adjusted for splits. Markers: E = earnings (green beat, red miss), S = split, D = dividend.
Three things to know
- The diluted share count rose 12.7% in a year.
- Revenue over the last four quarters was $1.25B, up 26.8% from a year earlier, accelerating from 23.8% a quarter earlier.
- Diluted EPS over the last four quarters was $5.54, up 25.1% year over year.
PromtFinance scores
Each score is a percentile within the Financial Services sector (0–100). Under each score: how the stock ranks in its sector on every component. As of Oct 5, 2026.
How fast revenue, earnings and cash flow are growing.
- Revenue growth (TTM, YoY)Top 16%
- EPS growth (TTM, YoY)Top 44%
- FCF growth (TTM, YoY)Top 32%
- Revenue growth, 3-year CAGRTop 46%
- Revenue growth accelerationTop 24%
Returns on capital, margins, earnings quality and balance-sheet strength.
- Return on invested capitalBottom 15%
- Gross marginTop 36%
- Operating marginTop 48%
- Cash conversion (OCF / net income)Top 48%
- Accruals (lower is better)Bottom 45%
- Net debt / EBITDA (lower is better)Bottom 49%
- Interest coverBottom 45%
How cheap the shares are relative to earnings, cash flow and their own history.
- Earnings yieldTop 47%
- Free-cash-flow yieldTop 49%
- EBITDA / enterprise valueTop 44%
- Sales / enterprise valueBottom 46%
- P/E vs own 5-year history (lower is better)Top 36%
Strength and persistence of the price trend, including versus the S&P 500.
- 12-month return excluding last monthTop 38%
- 6-month returnBottom 47%
- 1-year return vs S&P 500Top 37%
- Distance from 52-week highTop 42%
- Trend checklist (0–4)Bottom 27%
Earnings surprises and analyst sentiment (estimate-revision history is being collected).
- Average EPS surprise, last 4 quartersBottom 29%
- Consecutive EPS beatsBottom 17%
- Share of analysts rating BuyBottom 40%
- Upside to consensus price targetTop 45%
Low volatility, shallow drawdowns, low market sensitivity and modest leverage.
- Volatility, 60 days (lower is better)Top 35%
- Maximum drawdown, 3 yearsBottom 43%
- Beta vs S&P 500 (lower is better)Bottom 25%
- Net debt / EBITDA (lower is better)Bottom 49%
What changed
Latest four quarters versus the same period a year earlier (growth: versus one quarter earlier).
| Measure | Before | Now | |
|---|---|---|---|
| Revenue growth (YoY) | 23.8% | 26.8% | ↑ |
| EPS growth (YoY) | 13.5% | 25.1% | ↑ |
| Gross margin | 66.4% | 70.4% | ↑ |
| Operating margin | 24.4% | 22.7% | ↓ |
| FCF margin | 21.7% | 24.9% | ↑ |
Fundamental momentum
| Measure | Now (TTM) | Year / quarter before | Sector rank | |
|---|---|---|---|---|
| Revenue growth (TTM, YoY) | 26.8% | 23.8% | ↑ | Top 16% |
| EPS growth (TTM, YoY) | 25.1% | 13.5% | ↑ | Top 44% |
| Gross margin | 70.4% | 66.4% | ↑ | Top 36% |
| Operating margin | 22.7% | 24.4% | ↓ | Top 48% |
| Net margin | 21.6% | 19.1% | ↑ | — |
| Free-cash-flow margin | 24.9% | 21.7% | ↑ | — |
| Return on invested capital | -1.2% | — | Bottom 15% | |
| Revenue growth, 3-year CAGR | 15.9% | — | Top 46% |
Quality of earnings and balance sheet
- Cash conversion (OCF / net income)Above 1× means profits are backed by cash.
- 1.19×
- Accruals (net income − OCF) / assetsLower is better; high accruals can signal weaker earnings quality.
- -0.2%
- Stock-based compensation / revenueA cost to shareholders through dilution.
- 1.0%
- Net debt / EBITDABelow 1× is conservative; above 3× is high leverage.
- 1.40×
- Interest cover (operating income / interest)How many times operating profit covers interest.
- 0.9×
Shareholder returns
- Dividend yield (dividends paid, TTM)
- 2.97%
- Net buyback yield (TTM)
- 5.14%
- Shareholder yield
- 8.11%
- Share count change, 1 year
- +12.7%
- Share count change, 3-year CAGR
- +2.9%
Shareholder yield = dividends + net buybacks over the last four quarters, divided by market cap.
Based on the four quarters through Jun 30, 2026 (filed Aug 6, 2026).
Earnings and expectations
Earnings momentum
- Consecutive EPS beats
- 0
- Beats in the last 8 reports
- 5 of 8
- Average EPS surprise, last 4
- -0.0%
- Average 2-day reaction, last 8
- +0.1%
- Positive 20 days after report
- 7 of 8
Analysts
- Consensus price target
- $93.33
- Target vs current price
- +16.6%
- Analysts with a rating
- 15
- Share rating Buy or Strong Buy
- 40%
- Consensus rating
- Hold
How the stock reacted to recent reports
| Report date | EPS surprise | 2 days | 5 days | 20 days | 60 days |
|---|---|---|---|---|---|
| Jul 16, 2026 | -5.0% | +2.3% | +0.1% | +0.2% | — |
| Apr 16, 2026 | +1.2% | -1.3% | -1.4% | -4.1% | +5.1% |
| Jan 22, 2026 | +3.0% | +1.5% | +0.2% | +3.5% | -1.8% |
| Oct 16, 2025 | +0.6% | -5.2% | +0.1% | +2.7% | +9.6% |
| Jul 17, 2025 | +4.2% | +2.4% | +6.7% | +5.8% | +7.2% |
| Apr 17, 2025 | -9.4% | +0.9% | +5.4% | +17.0% | +15.9% |
| Jan 16, 2025 | +4.3% | -1.4% | +1.7% | +6.5% | -17.3% |
| Oct 17, 2024 | -4.7% | +1.3% | -2.3% | +13.4% | -1.1% |
Returns from the close before each report. Past reactions do not determine future ones.
Earnings history
| Report date | EPS | Estimate | Surprise | Revenue |
|---|---|---|---|---|
| Jul 16, 2026 | $1.70 | $1.79 | -5.0% | $253.3M |
| Apr 16, 2026 | $1.68 | $1.66 | +1.2% | $252.7M |
| Jan 22, 2026 | $1.70 | $1.65 | +3.0% | $253.9M |
| Oct 16, 2025 | $1.55 | $1.54 | +0.6% | $243.7M |
| Jul 17, 2025 | $1.25 | $1.20 | +4.2% | $250.5M |
| Apr 17, 2025 | $1.06 | $1.17 | -9.4% | $176.1M |
| Jan 16, 2025 | $1.21 | $1.16 | +4.3% | $176.9M |
| Oct 17, 2024 | $1.01 | $1.06 | -4.7% | $174.6M |
Valuation in context
| Multiple | Now | 5-year median | 5-year percentile | Sector rank (cheapness) |
|---|---|---|---|---|
| P/E (trailing) | 14.5× | 15.2× | 38th | Top 47% |
| P/E (forward) | 11.2× | — | — | — |
| EV / EBITDA | 13.4× | — | — | Top 44% |
| EV / Sales | 3.44× | — | — | Bottom 46% |
| Free-cash-flow yield | 8.09% | — | — | Top 49% |
| Earnings yield | 6.92% | — | — | Top 47% |
P/E over the past five years
Range 8.0× – 23.6× since Jun 30, 2021. Each point: price on the filing date divided by trailing-twelve-month EPS known then.
What moved the stock over the past year
- Price return, 1 year
- +15.8%
- Earnings per share growth (TTM)
- +25.1%
- Change in P/E multiple
- +4.8%
Most of the move came from earnings growth.
Technical state
Trend checklist
- ✗ Price above 20-day average
- ✗ Price above 50-day average
- ✗ Price above 200-day average
- ✓ 50-day average above 200-day
- ✗ MACD histogram positive
Trend quality
- Days above the 50-day average
- 0
- Days above the 200-day average
- 0
- 50-day average slope (20 days)
- -1.5%
- 200-day average slope (20 days)
- +1.1%
- Distance from 50-day average
- -3.4%
- Distance from 200-day average
- -0.1%
- RSI (14)
- 44.6
- Relative volume
- 1.50×
Risk and drawdowns
- Volatility, 60 days (annualized)
- 17.9%
- Volatility vs own 5-year history
- 1th percentile · Low for this stock
- Beta vs S&P 500 (2 years, weekly)
- 0.93
- Correlation with S&P 500
- 0.50
- Current drawdown from 1-year high
- -8.2%
- Maximum drawdown, 3 years
- -31.5%
Largest declines in the past six years
| From peak | To low | Decline | Length | Recovery |
|---|---|---|---|---|
| Mar 12, 2021 | May 31, 2023 | -55.2% | 558 days | Not yet recovered |
Declines of 10% or more from a closing high, measured on daily closes.
Financial statements
- Market cap
- $3.86B
- P/E (TTM)
- 14.5
- EPS, diluted (TTM)
- $5.54
- Revenue (TTM)
- $1.25B
- Dividend yield
- 3.14%
- 52-week range
- $63.33 – $87.50
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|
| Revenue | $516.0M | $749.8M | $911.3M | $974.1M | $1.17B |
| Gross profit | $484.1M | $713.7M | $698.9M | $646.9M | $792.9M |
| Operating income | $156.7M | $347.8M | $315.1M | $247.1M | $266.9M |
| Net income | $121.0M | $263.8M | $239.5M | $192.1M | $205.1M |
| EPS (diluted) | $3.47 | $5.69 | $5.42 | $4.52 | $4.45 |
| Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $249.5M | $246.6M | $242.5M | $250.5M | $335.2M | $339.0M | $290.3M | $289.3M |
| Net income | $42.9M | $50.0M | $44.4M | $51.1M | $34.3M | $75.3M | $79.9M | $81.8M |
| EPS (diluted) | $1.01 | $1.18 | $1.04 | $1.20 | $0.69 | $1.52 | $1.63 | $1.70 |
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|
| Operating cash flow | $190.2M | $421.2M | $277.0M | $229.9M | $251.2M |
| Capital expenditure | -$25.2M | -$22.1M | -$15.8M | -$20.4M | -$12.1M |
| Free cash flow | $165.0M | $399.1M | $261.1M | $209.5M | $239.5M |
| Dividends paid | -$62.7M | -$93.7M | -$98.0M | -$96.2M | -$103.9M |
| Net share buybacks | $717,000 | -$138.7M | -$187.3M | -$28.5M | -$59.8M |
Cash outflows are shown as negative numbers.
- Cash and short-term investments
- $252.0M
- Total assets
- $24.97B
- Total liabilities
- $21.46B
- Total debt
- $701.5M
- Net debt
- $449.5M
- Shareholders’ equity
- $3.51B
As of Jun 30, 2026 (filed Aug 6, 2026).
Dividends
| Ex-date | Amount | Paid |
|---|---|---|
| Sep 28, 2026 | $0.64 | Oct 9, 2026 |
| Jun 29, 2026 | $0.64 | Jul 9, 2026 |
| Mar 30, 2026 | $0.64 | Apr 9, 2026 |
| Dec 29, 2025 | $0.59 | Jan 7, 2026 |
| Sep 29, 2025 | $0.59 | Oct 7, 2025 |
| Jun 30, 2025 | $0.59 | Jul 7, 2025 |
| Mar 31, 2025 | $0.59 | Apr 7, 2025 |
| Dec 30, 2024 | $0.57 | Jan 6, 2025 |
Short interest
- Shares sold short
- 2,201,320
- Days to cover
- 7.68
- Change vs previous report
- +7.7%
FINRA short interest, settlement date Sep 15, 2026.
Stock splits
- Oct 1, 1987
- 3-for-2