Sifting through countless of stocks in the Banks industry can be tedious, and sometimes two stocks are just too similar to judge which is the better investment. If you’re on the fence about investing in Eastern Bankshares, Inc. or Independent Bank Corp. because you’re not sure how they measure up, it’s important to compare them on a few factors before making your decision.

Read on to learn how Eastern Bankshares, Inc. and Independent Bank Corp. compare based on key financial metrics to determine which better meets your investment needs.

About Eastern Bankshares, Inc. and Independent Bank Corp.

Eastern Bankshares, Inc. operates as the bank holding company for Eastern Bank that provides banking, trust, and investment services to retail, commercial, and small business customers in the United States. The company offers deposit accounts, interest checking accounts, money market accounts, savings accounts, and time certificates of deposit accounts. It also provides commercial and industrial products, such as asset based lending portfolio; commercial real estate and construction; small business, residential real estate, and home equity loans; lines of credit; and other consumer loans comprising unsecured personal lines of credit, overdraft protection, automobile loans, home improvement loans, airplane loans, and other personal loans. In addition, the company offers wealth management and trust services, financial planning, and portfolio management; and automated lock box collection, cash management, and account reconciliation services. Eastern Bankshares, Inc. was founded in 1818 and is headquartered in Boston, Massachusetts.

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.

Latest Banks and Eastern Bankshares, Inc., Independent Bank Corp. Stock News

As of September 1, 2026, Eastern Bankshares, Inc. had a $4.7 billion market capitalization, compared to the Banks median of $730.8 million. Eastern Bankshares, Inc.’s stock is up 19.4% in 2026, down 1.7% in the previous five trading days and up 25.66% in the past year.

Currently, Eastern Bankshares, Inc.’s price-earnings ratio is 12.3. Eastern Bankshares, Inc.’s trailing 12-month revenue is $1.1 billion with a 34.2% net profit margin. Year-over-year quarterly sales growth most recently was 27.6%. Analysts expect adjusted earnings to reach $1.872 per share for the current fiscal year. Eastern Bankshares, Inc. currently has a 2.8% dividend yield.

As of September 1, 2026, Independent Bank Corp. had a $3.8 billion market cap, putting it in the 63rd percentile of all stocks. Independent Bank Corp.’s stock is up 11.7% in 2026, down 1.4% in the previous five trading days and up 11.79% in the past year.

Currently, Independent Bank Corp.’s price-earnings ratio is 14.5. Independent Bank Corp.’s trailing 12-month revenue is $948.7 million with a 28.6% net profit margin. Year-over-year quarterly sales growth most recently was 41.5%. Analysts expect adjusted earnings to reach $7.169 per share for the current fiscal year. Independent Bank Corp. currently has a 3.2% dividend yield.

How We Compare Eastern Bankshares, Inc. and Independent Bank Corp. Stock Grades

Stock evaluation requires access to huge amounts of data and the knowledge and time to sift through it all, make sense of financial ratios, read income statements and analyze recent stock movements. AAII created A+ Investor, a robust data suite that condenses data research in an actionable and customizable way suitable for investors of all knowledge levels, to help investors streamline and work through such data.

AAII’s proprietary stock grades come with A+ Investor. These offer intuitive A‐F grades for each of five key investing factors: value, growth, momentum, earnings estimate revisions and quality. Here, we’ll take a closer look at Eastern Bankshares, Inc. and Independent Bank Corp.’s stock grades to see how they measure up against one another.

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Eastern Bankshares, Inc. and Independent Bank Corp.’s Quality Grades

Company	Ticker	Quality
Eastern Bankshares, Inc.	EBC	F
Independent Bank Corp.	INDB	F

Like the Value Grade, AAII’s A+ Investor Quality Grade comes from the percentile rank of key metrics. Specifically, the Quality Score is the percentile rank of the average of the percentile ranks of return on assets (ROA), return on invested capital (ROIC), gross profit relative to assets, buyback yield, change in total liabilities to assets, accruals, Z double prime bankruptcy risk (Z) score and the F-Score.

The score is variable, meaning it can consider all eight measures or, should any of the eight measures not be valid, the remaining measures that are valid. To be assigned a Quality Score, stocks must have a valid (non-null) measure and corresponding ranking for at least four of the eight quality measures.

The Quality Score is used to assess the underlying “quality” of a particular stock. A higher-quality stock possesses traits associated with upside potential and reduced downside risk. Backtesting of the Quality Grade shows that stocks with higher grades, on average, outperformed stocks with lower grades over the period of 1998 through 2019.

Stocks receive better grades (higher scores) for having higher scores for the quality subcomponents and worse grades (lower scores) for lower scores for the subcomponents.

Eastern Bankshares, Inc. has a Quality Score of 6, which is Very Weak. Independent Bank Corp. has a Quality Score of 8, which is Very Weak.

The Quality Stock Winner: No Clear Winner

Neither Eastern Bankshares, Inc. or Independent Bank Corp. has a high enough Quality Grade to be considered a “winner.” Investors who are considering these companies should do additional due diligence and research to see if either could be a good addition to their portfolios. It’s important to look at a wide range of financial metrics in order to determine if Eastern Bankshares, Inc. or Independent Bank Corp. is the better investment when it comes to quality.

Eastern Bankshares, Inc. and Independent Bank Corp.’s Momentum Grades

Company	Ticker	Momentum
Eastern Bankshares, Inc.	EBC	B
Independent Bank Corp.	INDB	C

Momentum grades help to uncover stocks experiencing anomalously high rates of return; research finds that stocks with high relative levels of momentum tend to outperform, whereas those with low levels of momentum tend to continue underperforming. Momentum is based on the price change of a stock over a specified period relative to all other stocks.

Typically, AAII looks at the weighted relative strength over the trailing four quarters. The weighted four-quarter relative strength rank is the relative price change for each of the past four quarters. The most recent quarterly price change is given a weight of 40% and each of the three previous quarters are given a weighting of 20%.

Eastern Bankshares, Inc. has a Momentum Score of 65, which is Strong. Independent Bank Corp. has a Momentum Score of 50, which is Average.

The Momentum Grade Winner: Eastern Bankshares, Inc.

As you can clearly see from the Momentum Grade breakdown above, Eastern Bankshares, Inc. is considered to have stronger momentum compared to Independent Bank Corp.. For those specifically looking for companies that have stronger momentum compared to other companies in the same industry, Eastern Bankshares, Inc. could be a good stock to invest in. However, it’s important for investors to analyze multiple factors based on a wide range of metrics before deciding whether to buy.

Eastern Bankshares, Inc. and Independent Bank Corp.’s Estimate Revisions Grades

Company	Ticker	Earnings Estimate
Eastern Bankshares, Inc.	EBC	D
Independent Bank Corp.	INDB	D

Earnings estimate revisions scores consider the magnitude of a company’s earnings surprise in its last two reported fiscal quarters. Often, positive surprises beget further positive surprises‐or at least continued sales growth (the exact opposite is generally true, too).

Estimate revisions offer an indication of what analysts are thinking about the short-term prospects of a firm. Estimate revisions are based on the statistical significance of a firm’s last two quarterly earnings surprises and the percentage change in its consensus estimate for the current fiscal year over the past month and past three months.

Eastern Bankshares, Inc. has a Earnings Estimate Score of 38, which is Negative. Independent Bank Corp. has a Earnings Estimate Score of 35, which is Negative.

The Earnings Estimate Revisions Stock Winner: No Clear Winner

Neither Eastern Bankshares, Inc. or Independent Bank Corp. has an Earnings Estimate Revisions Grade that could be considered a “winner.” Investors considering these companies should do additional due diligence and research to see if either could be a good addition to their portfolios. It’s important to look at a wide range of financial metrics in order to determine if Eastern Bankshares, Inc. or Independent Bank Corp. is the better investment when it comes to estimate revisions.

Other Eastern Bankshares, Inc. and Independent Bank Corp. Grades

In addition to Estimate Revisions, Momentum and Quality, A+ Investor also provides grades for Value and Growth.

Growth investing builds on the idea that stocks of companies exhibiting strong, consistent and prolonged growth outperform those of slower-growth companies. AAII measures growth through consistency of annual sales growth, five-year sales growth rankings adjusted for extreme levels, and consistency of positive annual cash from operations.

Successful stock investing involves buying low and selling high, so stock valuation is an important consideration for stock selection. Buying stocks that are going to go up typically means buying stocks that are undervalued in the first place, although momentum investors may argue that point.

These 2 key factors, when combined with the above, provide a holistic view into a particular stock. Further, by joining A+ Investor you can see whether Eastern Bankshares, Inc. and Independent Bank Corp. pass any of our 60+ stock screens that have outperformed the market since their creation.

So, Which Is the Better Investment, Eastern Bankshares, Inc. or Independent Bank Corp. Stock?

Overall, Eastern Bankshares, Inc. stock has a Momentum Score of 65, Estimate Revisions Score of 38 and Quality Score of 6.

Independent Bank Corp. stock has a Momentum Score of 50, Estimate Revisions Score of 35 and Quality Score of 8.

Comparing Eastern Bankshares, Inc. and Independent Bank Corp.’s grades, scores and metrics can act as a solid basis to determine whether they may be a good investment or not. You’ll also want to look at your portfolio’s asset allocation as well as your risk tolerance and financial goals to see if either of these stocks would make a good fit for you. AAII can help you figure out which investments align with your individual needs and preferences.

Investors are encouraged to do their own due diligence and research. In this way, individuals can effectively become managers of their own assets‐without having to rely on others for financial independence. You can count on AAII for timeless articles on financial planning and stock-picking, unbiased research and actionable analysis.

A+ Investor adds to our qualitative teaching with a powerful data suite to help you whittle down investment choices to find stocks, exchange-traded funds (ETFs) or mutual funds that meet your needs.

AAII Disclaimer

We make no representations or warranties that any investor will, or is likely to, achieve profits similar to those shown, because past, hypothetical or simulated performance is not necessarily indicative of future results. Before making an investment decision, you should consider your circumstances and whether the information on our content is applicable to your situation. This information was prepared in good faith, and we accept no liability for any errors or omissions. The full disclaimer can be read here.