Stock AnalizIndependent Bank Corp. INDB
Major Banks · data as of November 13, 2026
Independent Bank Corp. (INDB) is a financial company listed in the US with a market value of about $3.9B. In the twelve months to September 30, 2026 it had revenue of $1.0B and net income of $327M, a net margin of 32.0%.
Its overall Stock Analiz score is 2.8 out of 5 (average). The strongest part is shareholder returns (4/5); the weakest is future growth (2/5).
Key numbers: a P/E of 12.4, a price to free cash flow of 11.1, 5-year revenue growth of 12% a year. A discounted cash flow model with moderate assumptions puts its intrinsic value about 29% below the current price.
Score: 2.8 / 5
Checks passed
- P/E below 25
- P/E below the industry median
- P/FCF below 20
- Revenue growth above 10% last year
- Strong R&D investment or growth above 20%
- 5-year revenue growth above 8% a year
- Profitable 5 years in a row
- More cash than debt, or low debt to equity
Checks not passed
- Price below intrinsic value (DCF, moderate assumptions)
- PEG below 1.5
- 3-year revenue growth above 10% a year
- Profit margin improving
- 3-year free cash flow growth above 10% a year
- 5-year EPS growth above 10% a year
- 5-year average ROIC above 12%
- ROE above 15%
Valuation
Growth and quality
Financials, last 10 years
| Fiscal year | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.0B | $858M | $690M | $731M | $728M | $507M | $479M | $508M | $387M | $342M | $310M |
| Net income | $327M | $205M | $192M | $240M | $264M | $121M | $121M | $165M | $122M | $87M | $77M |
| Free cash flow | $354M | $239M | $209M | $261M | $399M | $165M | $52M | $200M | $131M | $106M | $83M |
| EPS (diluted) | $6.79 | $4.44 | $4.52 | $5.42 | $5.69 | $3.47 | $3.64 | $5.03 | $4.40 | $3.19 | $2.90 |
| Net margin | 32.0% | 23.9% | 27.9% | 32.8% | 36.2% | 23.8% | 25.3% | 32.5% | 31.4% | 25.5% | 24.7% |
| ROIC | — | — | — | — | — | — | — | — | — | — | — |
From the company’s 10-K and 10-Q filings with the SEC. TTM = trailing twelve months.
What analysts expect
The average 12-month price target from 7 analysts is $94.57, 12% above the current price; targets range from $86.00 to $103.00; the consensus rating is “Buy”; expected EPS is $7.25 for the fiscal year ending December 31, 2026.
Frequently asked questions
What is Independent Bank’s P/E ratio?
About 12.4, based on the last twelve months of diluted earnings per share (forward P/E about 10.5).
Is Independent Bank stock undervalued?
Our DCF model with moderate assumptions puts its intrinsic value about 29% below the current market value. A model is a range, not a promise; try your own assumptions in the DCF calculator.
Does Independent Bank pay a dividend?
Yes. The dividend yield is about 3.03%, and it has paid dividends for 10 years in our data.
Is Independent Bank a good stock to buy?
We do not give buy or sell advice. Independent Bank scores 2.8 out of 5 on our five checks (value, growth, track record, financial health and shareholder returns); the checks above show why.
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Generated from SEC filings, analyst consensus estimates and market prices, rebuilt every day. Educational information, not investment advice.