Independent Bank Corp
INDB Nasdaq· State Commercial Banks
Last close · Oct 27, 2026
$83.25
KIRA · Stoqly’s AI analyst, in plain words
- Independent Bank Corp had $858M of revenue in fiscal 2025, up 24.3% on the year before. Over five years, revenue changed +12.3% a year on average.
- Independent Bank Corp made $205M of net profit in fiscal 2025. From fiscal 2016 to 2025, diluted EPS grew 4.8% a year.
- Independent Bank Corp returned $165M to shareholders in fiscal 2025, 69% of free cash flow. The diluted share count rose 8.7%.
- It earned 6.3% on shareholders’ money. Running costs took 61.8% of revenue (the efficiency ratio; lower is better).
Market cap
$4.0B
P/E
15.1x
Revenue
$858M
Net income
$205M
Return on equity
6.3%
Efficiency ratio
61.8%
Independent Bank Corp in 30 seconds · fiscal 2025
Are sales growing?
+24.3%
Yes. Sales grew 24.3% last year.
Does it make a profit?
23.9%
Yes. It keeps 23.9% of every sale as profit.
How lean are its costs?
61.8%
Average. Running costs take 61.8% of revenue.
How much does it earn on its capital?
6.3%
Low. It earns 6.3% a year on shareholders’ money.
How is the share priced?
15.1x
One share costs 15.1 times its yearly profit per share.
What Independent Bank Corp does
No business description yet.
- Fiscal year ends
- December 31, 2025
- Latest annual report
- 10-K · Feb 27, 2026
- Legal name
- INDEPENDENT BANK CORP
- CIK
- 0000776901
Independent Bank Corp · INDB
Results and finances
The last 5 fiscal years. Amounts in USD.
| Fiscal year | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Sales and profit | |||||
| Revenue | $507M | $728M | $731M | $690M | $858M |
| Revenue growth | 5.9% | 43.5% | 0.4% | −5.7% | 24.3% |
| Net interest income | $402M | $613M | $607M | $562M | $709M |
| Net income | $121M | $264M | $240M | $192M | $205M |
| Net margin | 23.8% | 36.2% | 32.8% | 27.8% | 23.9% |
| Diluted EPS | $3.47 | $5.69 | $5.42 | $4.52 | $4.44 |
| Cash | |||||
| Cash from operations | $190M | $421M | $277M | $230M | $251M |
| Capital expenditure | $25.2M | $22.1M | $15.8M | $20.4M | $12.1M |
| Free cash flow | $165M | $399M | $261M | $209M | $239M |
| FCF margin | 32.5% | 54.8% | 35.7% | 30.4% | 27.9% |
| Dividends paid | $62.7M | $93.7M | $98.0M | $96.2M | $104M |
| Share buybacks | $0.0M | $140M | $189M | $31.0M | $60.8M |
| Share count change | 4.8% | 33.0% | −4.7% | −3.8% | 8.7% |
| Debt and strength | |||||
| Cash and short-term investments | $2.2B | $353M | $224M | $220M | $772M |
| Debt incl. finance leases | $14.1M | $113M | $113M | $62.9M | $359M |
| Loans, net | $13.4B | $13.8B | $14.1B | — | — |
| Deposits | $16.9B | $15.9B | $14.9B | $15.3B | $20.1B |
| Shareholders' equity | $3.0B | $2.9B | $2.9B | $3.0B | $3.6B |
| Returns and quality | |||||
| Return on equity | 5.1% | 8.9% | 8.3% | 6.5% | 6.3% |
| Return on tangible equity | 6.0% | 14.1% | 12.7% | 9.6% | 8.8% |
| Efficiency ratio | 65.5% | 51.3% | 53.7% | 58.9% | 61.8% |
| Piotroski F-score | 4 | 5 | 6 | 5 | 3 |
Insiders bought, 12 months
$0.0M
0 insiders
Insiders sold, 12 months
$15.3M
6 insiders
Of sales under plans
0%
$0.0M
How to read these numbers
- Revenue:
- Total sales reported in the income statement.
- Net income:
- Profit after all expenses, interest and tax.
- Efficiency ratio:
- Noninterest expense as a share of revenue. Lower is better for banks.
- Return on equity:
- Net income as a share of average shareholders' equity.
- Return on tangible equity:
- Net income to common over equity minus goodwill and intangibles.
- Diluted EPS:
- Net income per diluted share.
Independent Bank Corp · INDB
Charts and comparison
Ten years at a glance, and how it stacks up against similar companies.
Revenue
Net income
Return on equity and efficiency ratio
Loans and deposits
Dividends and buybacks
Diluted EPS
KIRA
At $83.25 a share, the company is worth $4.0B: 15.1 times its earnings of the last four quarters.
Source: SEC EDGAR XBRL filings (CIK 0000776901). Data updated October 24, 2026. For information only — not investment advice. Check the original filings before relying on any figure.