INDB
Neutral signalScored 2026-08-29 Drivers: Congress, fundamentals. Moteurs : Congrès, fondamentaux.
Research, not advice.
À propos
Independent Bank Corp.
- Nom
- Independent Bank Corp.
- Secteur
- Financial Services
- Industrie
- Banks - Regional
- Bourse
- NASDAQ
- Capitalisation
- $4.0B
- Employés
- 2,294
- PDG
- Jeffrey J. Tengel
- Site web
- https://www.rocklandtrust.com
- Marché
- BHBBWFGCFFICZFSJMSBLKFN
Independent Bank Corp. functions as the parent company for Rockland Trust Company, delivering a wide array of commercial banking products and services. Its clientele primarily consists of private individuals and small to mid-sized businesses, largely within Massachusetts. The institution offers diverse deposit options, including interest-bearing checking, money market, and savings accounts, in addition to demand deposits and time certificates of deposit. Its extensive lending portfolio covers commercial and industrial loans, commercial real estate and construction financing, small business loans, consumer real estate loans, and personal loans. Beyond core banking, the company provides wealth management and fiduciary services for a broad spectrum of clients, from private individuals and institutions to small businesses and charitable organizations. It also offers digital banking solutions (online and mobile), estate planning, financial advisory, and tax assistance. Customers have access to ATM and debit card services, alongside various investment products such as mutual funds, unit investment trusts, general securities, fixed and variable annuities, and life insurance. As of December 31, 2021, Independent Bank Corp. maintained a substantial physical presence, operating 119 retail branches, two limited-service retail branches, and one mobile branch. These facilities are strategically located across Eastern Massachusetts, encompassing Barnstable, Bristol, Dukes, Essex, Middlesex, Nantucket, Norfolk, Plymouth, Suffolk, and Worcester counties. Established in 1907, the company is headquartered in Rockland, Massachusetts.
Price (1 year)
Live chart from TradingView — independent market data, as price context around the filings, not the Quorum score. EMA 50/200 and Bollinger load by default. When the exchange is known it is sent as EXCHANGE:SYMBOL; otherwise TradingView resolves the ticker best-effort.
VENTE TOTALE: 9 057 titres (~760 704,49 $ US)
- Insiders
- Venables Thomas RNadeau Gerard F
- Total bought
-
—
Avg buy (VWAP, 90d window) —
- Total sold
-
$760,704
Avg sell (VWAP, 90d window) $83.99 vs last close —
Total sold sums Form 4 code S in this window. Codes F, M, A and G are left out.
- Last activity
- 2026-08-25
- Last synced
-
2026-08-31 10:14:36
Sign in to request a sync of this company's price history and timing levels.
Insider holdings as a share of total assets aren't available for this company.
Avg buy and avg sell are volume-weighted prices (sum of shares × price, divided by shares) for Form 4 rows in this 90-day window that report both figures. A comparison with last close is market context for that average, not advice.
Recent Form 4
Filings in the 90-day window for this company. Value is shares × price from the filing. Research, not advice.
| Date | Person | Side | Shares | Price | Value | Form 4 |
|---|---|---|---|---|---|---|
| 2026-08-25 | Venables Thomas R | Sell · S | 3,750 | $83.00 | $311,232 | Form 4 |
| 2026-08-03 | Nadeau Gerard F | Sell · S | 5,307 | $84.69 | $449,472 | Form 4 |
Congressional trades
STOCK Act disclosures (90-day window)
Amounts are STOCK Act brackets as disclosed. Quorum does not turn a bracket into an exact price or a midpoint.
No STOCK Act disclosures for this company in this window.
Recent trades
| Date | Representative | Type | Amount |
|---|---|---|---|
| 2026-05-29 | Gilbert Cisneros | Purchase | $1,001 - $15,000 |
| 2021-11-15 | Josh Gottheimer | Exchange | $1,001 - $15,000 |
Signal
Neutral signalScored 2026-08-29 Drivers: Congress, fundamentals. Moteurs : Congrès, fondamentaux.
INDB presents a deeply concerning profile across all dimensions: weak financial health (liquidity score 40, fundamentals trend 35) with interest coverage below 1.0 and persistent negative working capital signal…
The first sentence of the analysis written for INDB on 2026-08-29 - a real excerpt, not a sample. The rest of it, the 0-100 score and the rating it produced are part of Plus. See plans.
Factor checklist — research, not advice
A check leans with a bullish reading. A cross leans against it. A dash is unavailable or mixed.
- Insider Pulls against a bullish reading. Selling cluster — sale value, no purchase value
- Congress Unavailable or mixed. 1 purchase disclosure year to date, a thin reading
- Narrative Pulls against a bullish reading. Stored narrative reading is in the bearish band
- Timing Unavailable or mixed. No stored price series
- Financial indicators Unavailable or mixed. Current ratio 0.55 · operating margin 23% — readings disagree
Market snapshot
Financial ratios
| Metric | Trend | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|---|
| Gross Profit Margin | 67.9% | 66.4% | 76.7% | 95.2% | 93.8% | |
| Ebit Margin | 22.9% | 25.4% | 34.6% | 46.4% | 30.4% | |
| Ebitda Margin | 26.2% | 29.6% | 38.5% | 51.6% | 36.7% | |
| Operating Profit Margin | 22.9% | 25.4% | 34.6% | 46.4% | 30.4% | |
| Pretax Profit Margin | 22.5% | 25.4% | 34.6% | 46.4% | 30.4% | |
| Continuous Operations Profit Margin | 17.6% | 19.7% | 26.3% | 35.2% | 23.4% | |
| Net Profit Margin | 17.6% | 19.7% | 26.3% | 35.2% | 23.4% | |
| Bottom Line Profit Margin | 17.6% | 19.7% | 26.3% | 35.2% | 23.4% | |
| Current Ratio | 0.553 | 0.024 | 0.105 | 0.110 | 0.225 | |
| Quick Ratio | 0.553 | 0.024 | 0.105 | 0.110 | 0.225 | |
| Solvency Ratio | 0.011 | 0.014 | 0.017 | 0.018 | 0.009 | |
| Cash Ratio | 0.553 | 0.014 | 0.015 | 0.022 | 0.132 | |
| Price To Earnings Ratio | 16.422 | 14.201 | 12.142 | 14.838 | 23.496 | |
| Price To Earnings Growth Ratio | -10.604 | -0.855 | -2.559 | 0.232 | -5.031 | |
| Forward Price To Earnings Growth Ratio | -10.604 | -0.855 | -2.559 | 0.232 | -5.031 | |
| Price To Earnings Diluted Ratio | 16.422 | 14.201 | 12.142 | 14.838 | 23.496 | |
| Price To Earnings Diluted Growth Ratio | -10.604 | -0.855 | -2.559 | 0.232 | -5.031 | |
| Price To Book Ratio | 1.014 | 0.911 | 1.004 | 1.356 | 0.942 | |
| Price To Sales Ratio | 3.096 | 2.800 | 3.191 | 5.221 | 5.510 | |
| Price To Free Cash Flow Ratio | 15.090 | 13.022 | 11.134 | 9.809 | 17.229 | |
| Price To Operating Cash Flow Ratio | 14.389 | 11.865 | 10.497 | 9.295 | 14.946 | |
| Debt To Assets Ratio | 0.036 | 0.036 | 0.063 | 0.006 | 0.007 | |
| Debt To Equity Ratio | 0.253 | 0.234 | 0.421 | 0.039 | 0.050 | |
| Debt To Capital Ratio | 0.202 | 0.190 | 0.296 | 0.038 | 0.048 | |
| Long Term Debt To Capital Ratio | 0.107 | 0.190 | 0.296 | 0.038 | 0.048 | |
| Financial Leverage Ratio | 6.987 | 6.473 | 6.682 | 6.684 | 6.766 | |
| Working Capital Turnover Ratio | -0.154 | -0.069 | -0.066 | -0.055 | -0.046 | |
| Operating Cash Flow Ratio | 0.604 | 0.015 | 0.019 | 0.027 | 0.011 | |
| Operating Cash Flow Sales Ratio | 0.215 | 0.236 | 0.304 | 0.562 | 0.369 | |
| Free Cash Flow Operating Cash Flow Ratio | 0.954 | 0.911 | 0.943 | 0.948 | 0.868 | |
| Debt Service Coverage Ratio | 0.342 | 0.801 | 1.457 | 10.226 | 11.214 | |
| Interest Coverage Ratio | 0.851 | 0.849 | 1.666 | 11.752 | 11.422 | |
| Short Term Operating Cash Flow Coverage Ratio | 0.604 | 0.000 | 0.000 | 0.000 | 0.000 | |
| Operating Cash Flow Coverage Ratio | 0.279 | 0.328 | 0.227 | 3.715 | 1.248 | |
| Capital Expenditure Coverage Ratio | 20.697 | 11.251 | 17.483 | 19.083 | 7.548 | |
| Dividend Paid And Capex Coverage Ratio | 2.164 | 1.971 | 2.433 | 3.637 | 2.163 | |
| Dividend Payout Ratio | 0.507 | 0.501 | 0.409 | 0.355 | 0.519 | |
| Enterprise Value Multiple | 13.994 | 11.143 | 11.108 | 9.509 | 3.983 |
Sparkline shows each ratio oldest → newest (left → right).
How the latest year compares
For each ratio: its most recent value, the change versus one year earlier, and versus its 5-year average. ▲ higher ▼ lower
| Metric | Current | vs 1Y ago | vs 5Y avg |
|---|---|---|---|
| Gross Profit Margin | 67.9% | ▲1.5% | ▼-12.1% |
| Ebit Margin | 22.9% | ▼-2.5% | ▼-9.0% |
| Ebitda Margin | 26.2% | ▼-3.3% | ▼-10.3% |
| Operating Profit Margin | 22.9% | ▼-2.5% | ▼-9.0% |
| Pretax Profit Margin | 22.5% | ▼-2.9% | ▼-9.4% |
| Continuous Operations Profit Margin | 17.6% | ▼-2.1% | ▼-6.9% |
| Net Profit Margin | 17.6% | ▼-2.1% | ▼-6.9% |
| Bottom Line Profit Margin | 17.6% | ▼-2.1% | ▼-6.9% |
| Current Ratio | 0.553 | ▲0.529 | ▲0.349 |
| Quick Ratio | 0.553 | ▲0.529 | ▲0.349 |
| Solvency Ratio | 0.011 | ▼-0.003 | ▼-0.003 |
| Cash Ratio | 0.553 | ▲0.538 | ▲0.405 |
| Price To Earnings Ratio | 16.422 | ▲2.221 | ▲0.203 |
| Price To Earnings Growth Ratio | -10.604 | ▼-9.749 | ▼-6.841 |
| Forward Price To Earnings Growth Ratio | -10.604 | ▼-9.749 | ▼-6.841 |
| Price To Earnings Diluted Ratio | 16.422 | ▲2.221 | ▲0.203 |
| Price To Earnings Diluted Growth Ratio | -10.604 | ▼-9.749 | ▼-6.841 |
| Price To Book Ratio | 1.014 | ▲0.102 | ▼-0.032 |
| Price To Sales Ratio | 3.096 | ▲0.296 | ▼-0.867 |
| Price To Free Cash Flow Ratio | 15.090 | ▲2.067 | ▲1.833 |
| Price To Operating Cash Flow Ratio | 14.389 | ▲2.524 | ▲2.191 |
| Debt To Assets Ratio | 0.036 | -0.000 | ▲0.006 |
| Debt To Equity Ratio | 0.253 | ▲0.018 | ▲0.053 |
| Debt To Capital Ratio | 0.202 | ▲0.012 | ▲0.047 |
| Long Term Debt To Capital Ratio | 0.107 | ▼-0.083 | ▼-0.029 |
| Financial Leverage Ratio | 6.987 | ▲0.514 | ▲0.268 |
| Working Capital Turnover Ratio | -0.154 | ▼-0.085 | ▼-0.076 |
| Operating Cash Flow Ratio | 0.604 | ▲0.589 | ▲0.469 |
| Operating Cash Flow Sales Ratio | 0.215 | ▼-0.021 | ▼-0.122 |
| Free Cash Flow Operating Cash Flow Ratio | 0.954 | ▲0.043 | ▲0.029 |
| Debt Service Coverage Ratio | 0.342 | ▼-0.459 | ▼-4.466 |
| Interest Coverage Ratio | 0.851 | ▲0.002 | ▼-4.457 |
| Short Term Operating Cash Flow Coverage Ratio | 0.604 | ▲0.604 | ▲0.483 |
| Operating Cash Flow Coverage Ratio | 0.279 | ▼-0.049 | ▼-0.881 |
| Capital Expenditure Coverage Ratio | 20.697 | ▲9.446 | ▲5.485 |
| Dividend Paid And Capex Coverage Ratio | 2.164 | ▲0.193 | ▼-0.309 |
| Dividend Payout Ratio | 0.506 | ▲0.006 | ▲0.049 |
| Enterprise Value Multiple | 13.994 | ▲2.851 | ▲4.047 |
Key metrics
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| Market cap | $3.61B | $2.73B | $2.91B | $3.92B | $2.84B | |
| Enterprise value | $4.29B | $3.21B | $3.90B | $3.68B | $754.8M | |
| EV / Sales | 3.67x | 3.29x | 4.28x | 4.90x | 1.46x | |
| EV / Op. cash flow | 17.06x | 13.96x | 14.09x | 8.73x | 3.97x | |
| EV / Free cash flow | 17.89x | 15.32x | 14.94x | 9.21x | 4.57x | |
| EV / EBITDA | 13.99x | 11.14x | 11.11x | 9.51x | 3.98x | |
| Net debt / EBITDA | 2.19x | 1.67x | 2.83x | -0.62x | -11.02x | |
| Current ratio | 0.55x | 0.02x | 0.10x | 0.11x | 0.23x | |
| Income quality | 1.22x | 1.20x | 1.16x | 1.60x | 1.57x | |
| Graham number | $82 | $85 | $89 | $89 | $82 | |
| Graham net-net | -$427 | -$377 | -$337 | -$316 | -$390 | |
| Tax burden | 78.2% | 77.7% | 76.0% | 75.9% | 77.2% | |
| Interest burden | 98.2% | 100.0% | 100.0% | 100.0% | 100.0% | |
| Working capital | -$185.9M | -$14.94B | -$13.31B | -$14.13B | -$13.11B | |
| Invested capital | $1.26B | -$13.75B | -$12.11B | -$12.92B | -$11.89B | |
| Return on assets | 0.8% | 1.0% | 1.2% | 1.4% | 0.6% | |
| Operating ROA | 1.2% | 1.3% | 1.6% | 1.8% | 0.9% | |
| Return on tangible assets | 0.9% | 1.0% | 1.3% | 1.4% | 0.6% | |
| Return on equity | 5.8% | 6.4% | 8.3% | 9.1% | 4.0% | |
| Return on invested capital | 0.8% | 4.7% | 5.3% | 7.7% | 3.5% | |
| Return on capital employed | 1.1% | 6.1% | 7.0% | 10.2% | 4.5% | |
| Earnings yield | 5.7% | 7.0% | 8.2% | 6.7% | 4.3% | |
| Free cash flow yield | 6.6% | 7.7% | 9.0% | 10.2% | 5.8% | |
| Capex / Op. cash flow | 4.8% | 8.9% | 5.7% | 5.2% | 13.2% | |
| Capex / Depreciation | 28.8% | 50.0% | 43.9% | 56.9% | 76.8% | |
| Capex / Sales | 1.0% | 2.1% | 1.7% | 2.9% | 4.9% | |
| SG&A / Sales | 25.5% | 25.1% | 25.7% | 28.2% | 34.2% | |
| R&D / Sales | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | |
| Stock comp / Sales | 0.8% | 0.7% | 0.7% | 0.6% | 0.8% | |
| Intangibles / Total assets | 4.9% | 5.1% | 5.2% | 5.2% | 5.0% | |
| Days sales outstanding | 3d | 0d | 0d | 0d | 0d | |
| Days payables outstanding | 0d | 0d | 0d | 0d | 0d | |
| Operating cycle | 3d | 0d | 0d | 0d | 0d | |
| Cash conversion cycle | 3d | 0d | 0d | 0d | 0d |
Change by theme
Grouped by what each metric measures. Each figure is the change over the period shown — ▲ up ▼ down versus then.
Change over 1 year
Change over 5 years
Employee count
Peer market caps
Recent news
- 2026-08-24 BlackRock Inc. Buys New Position in Independent Bank Corp. $INDB BlackRock Inc. purchased a new stake in Independent Bank Corp. (NASDAQ: INDB) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 6,979,611 shares of the bank''s stock, valued at approximately $584,333,000. BlackRock Inc. owned about 14.44% of Independent Bank as of its most
- 2026-07-29 First Trust Advisors LP Raises Stock Position in Independent Bank Corp. $INDB First Trust Advisors LP lifted its holdings in Independent Bank Corp. (NASDAQ: INDB) by 1.8% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 377,302 shares of the bank''s stock after buying an additional 6,840 shares during the period.
- 2026-07-17 Independent Bank Corp. (INDB) Q2 2026 Earnings Call Transcript Independent Bank Corp. (INDB) Q2 2026 Earnings Call Transcript
- 2026-07-17 Independent Bank Q2 Earnings Call Highlights Independent Bank NASDAQ: INDB reported second-quarter 2026 net income of $81.8 million, or $1.70 per diluted share, as executives said stronger deposit momentum, C&I lending growth, margin expansion and share repurchases supported profitability despite pressure from commercial real estate payoffs.
- 2026-07-16 Independent Bank Corp. (INDB) Q2 Earnings: Taking a Look at Key Metrics Versus Estimates The headline numbers for Independent Bank Corp. (INDB) give insight into how the company performed in the quarter ended June 2026, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
- 2026-07-16 Independent Bank Corp. (INDB) Misses Q2 Earnings and Revenue Estimates Independent Bank Corp. (INDB) came out with quarterly earnings of $1.7 per share, missing the Zacks Consensus Estimate of $1.77 per share. This compares to earnings of $1.25 per share a year ago.
- 2026-07-16 Independent Bank Corp. Reports Second Quarter Net Income of $81.8 Million ROCKLAND, Mass.--(BUSINESS WIRE)--Independent Bank Corp. (Nasdaq Global Select Market: INDB), parent of Rockland Trust Company, today announced 2026 second quarter net income of $81.8 million, or $1.70 per diluted share, as compared to 2026 first quarter net income of $79.9 million, or $1.63 per diluted share. Excluding merger-related costs associated with the Company''s third quarter 2025 acquisition of Enterprise Bancorp, Inc. (“Enterprise”) and its subsidiary, Enterprise Bank, and their relat.
- 2026-07-14 Top Wall Street Forecasters Revamp Independent Bank Expectations Ahead Of Q2 Earnings Independent Bank Corp. (NASDAQ:INDB) will release its second quarter earnings report after the closing bell on Thursday, July 16.
- 2026-07-13 Seeking Clues to Independent Bank Corp. (INDB) Q2 Earnings? A Peek Into Wall Street Projections for Key Metrics Besides Wall Street''s top-and-bottom-line estimates for Independent Bank Corp. (INDB), review projections for some of its key metrics to gain a deeper understanding of how the company might have fared during the quarter ended June 2026.
- 2026-07-09 Independent Bank Corp. (INDB) Earnings Expected to Grow: What to Know Ahead of Next Week''s Release Independent Bank Corp. (INDB) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.