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Independent Bank Corp.
INDB
NASDAQ·Financial Services·Banks - Regional·Mkt cap $4.1B
$84.18
▼ -0.96%
View full research view
Our plain-language verdict, the thesis, risk factors, and what is changing about the business.
View research view52-Week Range
$61.55 - $87.00
P/E
Fwd P/E
Beta
Div Yield
Avg Vol
Shares Out
Mkt Cap
Price action
Price chart
Up 28.5% over the trailing year
Total returns
Price performance
Total return across standard periods - splits & dividends adjusted by FMP. Periods longer than 1Y show annualized in the tooltip.
Why we rate it this way
The thesis at a glance
Bull and bear case · plain-English context across the five lenses we evaluate.
Bull Case
4 reasons
- Extensive branch network with 119+ locations across Eastern Massachusetts providing local market presence and customer accessibility
- Strong community relationships and 115+ year operating history building customer loyalty and trust
- Diversified revenue streams across commercial lending, consumer banking, and wealth management reducing concentration risk
- Regional focus allowing deep market knowledge and personalized service versus larger national competitors
Bear Case
2 risks
- Low volatility (beta 0.8).
- Growth premium of 1.0x vs Commercial Banking peers. Reasonable for this growth rate.
Growth
Mild headwinds expected
Expansion of digital banking capabilities to capture tech-savvy customers and reduce operational costs
Value
Growth premium of 1.0x vs Commercial Banking peers. Reasonable for this growth rate.
Momentum
Strong
+10.7% over 3m
Quality
Excellent
High-growth business (65% revenue growth, 69% gross margin). Profitable with strong growth momentum.
Dividend
Solid
2.89% yield
Smart-money signal
Who's buying INDB right now
Insider Form 4s, 13F institutional filings, and Congressional disclosures - at a glance.
Earnings track record
Recent earnings results
AI-summarized recap of last quarter, plus the surprise on every print.
Next: Apr 23, 2026
APR 16, 2026
Reported EPS of $1.68 vs $1.70 consensus (-1.2% surprise). Revenue of $252.7M vs $250.3M expected (+1.0%).
EPS surprise · last 4Q
0 of 1 beats
Q2 26
-1.2%
Next: Apr 23, 2026
Revenue trend · last 8Q
—
—
+0%
+7%
+8%
+246%
+94%
+65%
Q2 24
Q3 24
Q4 24
Q1 25
Q2 25
Q3 25
Q4 25
Q1 26
$168.7M
$174.6M
$174.9M
$176.1M
$181.8M
$335.2M
$339.0M
$290.3M
Margins · last 8Q
Gross
73.2%
Operating
24.0%
Profit
27.5%
Wall Street consensus
2 analysts · 50% Buy
Live ratings and price targets aggregated across covering analysts.
Buy
50%
Hold
0%
Sell
50%
Median Price Target
$95.00
▲ +12.9% vs $84.18
Latest: Independent · $95.00 · May 15, 2026
3 analysts covering