Is Independent Bank Corp. (INDB) Overvalued?
We dive into why Independent Bank Corp. (INDB) could be considered overvalued on 2026-07-30, based on AAII’s Value Score and Grade.Tudor Pop
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COMPANY SUMMARY
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.
Commentary & Analysis
Which Is a Better Investment, City Holding Company or Independent Bank Corp. Stock?
Learn more about whether City Holding Company or Independent Bank Corp. is a better investment based on AAII's A+ Investor grades, which compare both companies' key financial metrics.Michael Rose
Why Independent Bank Corp.’s (INDB) Stock Is Down 6.72%
As of Friday, July 17, Independent Bank Corp.’s INDB share price has dipped by 6.72%, which has investors questioning if this is right time to buy.Cynthia McLaughlin
Which Is a Better Investment, Independent Bank Corp. or 1st Source Corporation Stock?
Learn more about whether Independent Bank Corp. or 1st Source Corporation is a better investment based on AAII's A+ Investor grades, which compare both companies' key financial metrics.Jenna Brashear
What You Need to Know About Independent Bank Corp.'s Q3 Earnings
Independent Bank Corp.'s fiscal Q3 earnings report was released on Thursday, July 16. Let's dive in to see if (INDB) missed or beat analyst's expectations.Michael Rose
Financial Summary
| Share Statistics | INDB | Industry Median |
Percentile (All Stocks) |
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| Market Cap (Mil) | $3,991.9 | $716.9 | 64% |
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| Shares Out (Mil) | 49.0 | 15.7 | 47% |
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| Institutional Ownership | 98.6% | 83.0% | 80% |
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| Float (Mil) | 47.0 | 21.2 | 46% |
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| Beta | 0.79 | 0.48 | 46% |
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| Avg Daily Volume (000s) | 389 | 53 | 55% |
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| Price Change (52-week) |
30.5% | 96.7% | 69% |
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| Growth | INDB | Industry Median |
Percentile (All Stocks) |
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| Sales (5yr) | 13.2% | 7.6% | 68% |
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| Net Income (5yr) | 11.1% | 11.1% | 57% |
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| EPS (5yr) | 4.1% | 10.1% | 36 |
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| Dividends (5yr) | 5.1% | 3.6% | 92% |
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| Cash Flow (5yr) | (19.1%) | (17.0%) | 35% |
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| Estimates | Qtrly | Current Fiscal Year |
Next Fiscal Year |
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| # of Estimates | 6 | 6 | 7 | |
| Current EPS | $1.842 | $7.156 | $8.312 | |
| Month Ago EPS | $1.883 | $7.282 | $8.344 | |
| # Rev Up | 0 | 0 | 2 | |
| # Rev Down | 0 | 0 | 0 | |
| Three Months Ago EPS | $1.882 | $7.284 | $8.339 | |
| Year/Year Chg | 13.0% | 61.2% | na | |
| Financials | INDB | Industry Median |
Percentile (All Stocks) |
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| Sales (TTM) (Mil) | $876 | $190 | 49% |
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| Net Income (TTM) (Mil) | $241 | $51 | 70% |
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| EPS (TTM) | $5.037 | $2.500 | 87% |
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| Operating Cash Flow (TTM) (Mil) | $355 | $34 | 67% |
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| Net Cash Flow (TTM) (Mil) | $12 | $1 | 59% |
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| Long-Term Debt (Q1) (Mil) | $676 | $100 | 62% |
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| Enterprise Value (Q1) (Mil) | na | $0 | na |
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| Valuation | INDB | Industry Median |
Percentile (All Stocks) |
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| P/B | 1.15 | 1.27 | 28% |
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| P/E | 16.6 | 12.9 | 41% |
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| Dividend Yield | 3.1% | 2.2% | 85% |
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| PEG (5yr hist) | 4.1 | 1.1 | 84% |
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| Ratios | INDB | Industry Median |
Percentile (All Stocks) |
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| Gross Margin | na | 68.8% | na |
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| Net Margin | 28.6% | 28.9% | 87% |
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| ROA | 1.1% | 1.0% | 48% |
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| ROE | 7.3% | 11.1% | 50% |
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| Liabilities to Assets | 85.7% | 89.8% | 79% |
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| F-Score | 5 | 4 | 51% |
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Independent Bank Corp. did not pass any screens on 7/31/2026.
