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Buy Day today: Neutral (53) Mixed market breadth · no major macro event

Independent Bank (INDB)

Financial Services Banks - Regional
83.80 $
Closing price · As of: 31. Jul 2026
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Basics

Market Cap
4.0$B
Shares Outstanding
48Mio.
Float
98.9%
Beta
0.8

Performance

Perf. 1M
5.50%
Perf. 3M
14.10%
Perf. 6M
12.00%
YTD Performance (%)
14.50%
52-Week-High Distance
-2.2%

Valuation

P/E
16.8
Forward P/E
11.8
PEG
11.0
P/B
1.2
P/S
3.3
EV/EBITDA
0.0
Price/FCF
11.5

Profitability

Gross Margin
100.0%
EBIT Margin
47.6%
Net Margin
27.5%
Return on Equity
7.3%
Return on Assets
1.1%

Balance Sheet & Safety

Equity Ratio
14.3%
Debt/Equity
0.3
Altman Z″
-1.34
Piotroski
6 out of 9

Growth

Sales Growth Last Quarter
51.60%
EPS Growth Last Quarter
56.70%
Sales Growth (Year)
19.82%
Forward Sales Growth
5.66%
Forward EPS Growth
14.40%

Dividend

Dividend Yield
2.92%
Dividend Per Share (TTM)
2.46$
Payout Ratio
39.8%
Years Without a Cut
31Years
Increase Streak
15Years

Quality & Screener

Stage
2
RS Rating
61
EPS Rating
79
Piotroski
6 out of 9
Fundamental Rating
B (62 out of 100)
Altman Z″
-1.34

AI Rating

Not yet rated — we only show a category once an SEC-backed file with at least two cited passages is available. How the Rating Is Built

Sales Per Quarter ($M)
2024: Q4 · 246.6 $M Q4 2025: Q1 · 242.5 $M Q1 2025: Q2 · 250.5 $M Q2 2025: Q3 · 335.2 $M Q3 2025: Q4 · 339.0 $M Q4 2026: Q1 · 290.3 $M Q1
Earnings Per Share Per Quarter ($)
2024: Q4 · 1.18 $ Q4 2025: Q1 · 1.04 $ Q1 2025: Q2 · 1.20 $ Q2 2025: Q3 · 0.69 $ Q3 2025: Q4 · 1.52 $ Q4 2026: Q1 · 1.63 $ Q1
Net Margin Per Quarter (%)
2024: Q4 · 20.3 % Q4 2025: Q1 · 18.3 % Q1 2025: Q2 · 20.4 % Q2 2025: Q3 · 10.2 % Q3 2025: Q4 · 22.2 % Q4 2026: Q1 · 27.5 % Q1
Operating Cash Flow Per Quarter ($M)
2024: Q4 · 42.9 $M Q4 2025: Q1 · 13.3 $M Q1 2025: Q2 · 106.7 $M Q2 2025: Q3 · 52.2 $M Q3 2025: Q4 · 78.9 $M Q4 2026: Q1 · 117.2 $M Q1
Free Cash Flow Per Quarter ($M)
2024: Q4 · 36.5 $M Q4 2025: Q1 · 11.3 $M Q1 2025: Q2 · 102.5 $M Q2 2025: Q3 · 58.4 $M Q3 2025: Q4 · 75.5 $M Q4 2026: Q1 · 111.6 $M Q1
Sales Growth vs. Year-Ago Quarter (%)
2024: Q4 · 4.1 % Q4 2025: Q1 · 3.0 % Q1 2025: Q2 · 3.3 % Q2 2025: Q3 · 34.4 % Q3 2025: Q4 · 37.5 % Q4 2026: Q1 · 19.7 % Q1
EPS Growth vs. Year-Ago Quarter (%)
2024: Q4 · -6.6 % Q4 2025: Q1 · -7.0 % Q1 2025: Q2 · -0.8 % Q2 2025: Q3 · -32.1 % Q3 2025: Q4 · 29.4 % Q4 2026: Q1 · 56.3 % Q1
Price Change in Quarter (%)
2024: Q4 · 9.5 % Q4 2025: Q1 · -1.5 % Q1 2025: Q2 · 1.3 % Q2 2025: Q3 · 10.9 % Q3 2025: Q4 · 6.5 % Q4 2026: Q1 · 3.8 % Q1

Quarterly Figures

Quarterly Figures
Quarter EPS (Earnings Per Share) EPS YoY (%) Sales ($M) Sales YoY (%) Net Margin (%) OCF ($M) FCF ($M)
2024: Q4 1.18 -6.60 247 4.10 20.30 43 37
2025: Q1 1.04 -7.00 243 3.00 18.30 13 11
2025: Q2 1.20 -0.80 251 3.30 20.40 107 103
2025: Q3 0.69 -32.10 335 34.40 10.20 52 58
2025: Q4 1.52 29.40 339 37.50 22.20 79 76
2026: Q1 1.63 56.30 290 19.70 27.50 117 112
What Do These Terms Mean?
EPS (Earnings Per Share):
Quarterly profit divided by the total share count — how much of the profit works out to a single share.
YoY (Year over Year):
Change versus the same quarter a year ago — this is how you compare without seasonal distortion (e.g. the holiday shopping season).
Sales:
All revenue for the quarter, before any costs are deducted — the top line of the income statement.
Net Margin:
What percentage of sales is left over as profit in the end. Negative means the company is posting a loss.
OCF (Operating Cash Flow):
The cash that actually flows into the till from the core business during the quarter — harder to dress up than book profit.
FCF (Free Cash Flow):
Operating cash flow minus capital expenditures — the money that's genuinely free to use, say for paying down debt, buybacks, or dividends.

About the Company

Independent Bank Corp. ist die Bankholdinggesellschaft der Rockland Trust Company, die Firmenkunden-Bankprodukte und -dienstleistungen für Privatpersonen und kleine bis mittelgroße Unternehmen in den USA anbietet.

Employees2,294
HeadquartersRockland, MA
Websiterocklandtrust.com
IPO Date27. Mar 1990
Next Earnings16. Jul 2026

Management

Management
Name Title Birth Year
Jeffrey J. Tengel President, CEO & Director 1963
Mark J. Ruggiero CPA Chief Financial Officer 1977
Patricia M. Natale Esq. Executive VP, General Counsel & Corporate Secretary 1966
Lee C. Powlus Executive VP & Chief Administrative Officer of Rockland Trust Company 1961
James Rizzo Executive VP & Chief Commercial Banking Officer of Rockland Trust Company 1963
David Byron Smith C.F.A. Executive VP & Chief Investment Officer
Maureen A. Gaffney Senior VP, Controller & Principal Accounting Officer 1979
Alastair Ironside Executive VP & Chief Marketing Officer
Maria S. Harris Executive VP & Chief Human Resource Officer of Rockland Trust Company 1971
Timothy C. Lane Executive VP & Chief Internal Auditor

Executives per the latest required filings; titles kept in their original language. Source: fundamental data.

Chart

Interactive price chart (TradingView).

Data as of: July 31, 2026 · Source: fundamental data & SEC filings (annual and quarterly reports, 10-K/10-Q)

Note: pure fact-based analysis, not investment advice and not a solicitation to buy or sell. All figures without guarantee.

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