Is Independent Bank Corp (INDB) overvalued or fairly valued?

MarketChacha shows Independent Bank Corp's valuation in context — a trailing P/E of about 18.6, a forward P/E of about 10.2, a price-to-book of about 1.1 — alongside its revenue and profit growth and whether reported profit converts into operating cash, so you can judge value for yourself. MarketChacha does not issue ratings, price targets, or buy/sell advice.

Does Independent Bank Corp's reported profit turn into cash?

Over 3 years, operating cash flow fully covered reported profit — earnings are backed by real cash. MarketChacha computes this cash-conversion check (1.19×) from reported figures — education, not a rating.

What is the share price of Independent Bank Corp (INDB)?

Independent Bank Corp last traded at $84.75 (-0.5% on the day), as of 7/22/2026 — a delayed quote shown for education, not investment advice.

Independent Bank Corp

INDB · NYSE · Financials · United States

$84.75-0.5%

Delayed · as reported by Yahoo Finance · as of Jul 22, 2026, 7:29 PM

Snapshot

TickerINDB

ExchangeNYSE

SectorFinancials

IndustryBanks - Regional

CountryUnited States

Employees2,294

HeadquartersRockland, United States

Market cap$4.0B

P/E (TTM)18.6

P/B1.1

Volume177.71K

Websitewww.rocklandtrust.com

Filings tracked8

About Independent Bank Corp

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.

Profile as reported by Yahoo Finance.

Who owns it

Insiders1.7%
Institutions90.0%
Public & other8.3%

446 institutional holders

As reported by Yahoo Finance.

Top holders

Blackrock Inc.14.78%
Vanguard Portfolio Management LLC6.84%
Dimensional Fund Advisors LP5.32%
State Street Corporation5.18%
Vanguard Capital Management LLC4.55%
Alliancebernstein L.P.3.01%
Rockland Trust Company2.95%
Geode Capital Management, LLC2.61%

Largest institutional holders, as reported by Yahoo Finance (as of 3/31/2026).

Forensic scorecard

Latest ROE of 5.8% is on the low side — the business earns a modest return on shareholder capital.

Cash conversion1.19×

Over 3 years, operating cash flow fully covered reported profit — earnings are backed by real cash.

Return on equity5.8%

Latest ROE of 5.8% is on the low side — the business earns a modest return on shareholder capital.

Computed by MarketChacha from reported figures (SEC XBRL). Education, not a rating or recommendation.

What's expected next

Next quarter

Rev $265.5M · EPS 1.94

Est. earnings growth +13.5%

Next fiscal year

Rev $1.1B · EPS 8.28

Est. earnings growth +15.1%

Analyst consensus estimates — not the company's own guidance. As reported by Yahoo Finance.

$61.5552-wk range$87.50

Delayed · as reported by Yahoo Finance

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P/E ROE ROCE Margins Market cap

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Financials at a glance

Source: SEC XBRL

Annual

Quarterly · last 8

Market cap

$4.0B

Day change

-0.5%

P/E (TTM)

18.6

Fwd P/E

10.2

P/B

1.1

Div yield

2.89%

Beta

0.79

ROE

5.8%

Profit CAGR (2y)

-7.5%

EPS (FY2025)

4.44

Net profit (FY2025)

$205.1M

Market figures: Delayed · as reported by Yahoo Finance. Financials as reported in company filings.

Ask MarketChacha about INDB

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Financials

Yearly

Period	Net profit	EPS	ROE
FY2025	$205.1M	4.44	5.8%
FY2024	$192.1M	4.52	6.4%
FY2023	$239.5M	5.42	8.3%

Quarterly

Period	Net profit	EPS
2026Q1	$79.9M	1.63
2025Q3	$34.3M	0.69
2025Q2	$51.1M	1.20
2025Q1	$44.4M	1.04
2024Q3	$42.9M	1.01
2024Q2	$51.3M	1.21
2024Q1	$47.8M	1.12
2023Q3	$60.8M	1.38
2023Q2	$62.6M	1.42
2023Q1	$61.2M	1.36

Figures as reported, in reporting currency. Source: SEC XBRL.

Filings & announcements

2026

8-K — Results of operations, Reg FD disclosure, Exhibits
SEC7/16/2026material
8-K — Other events, Exhibits
SEC6/18/2026material
8-K — Reg FD disclosure, Exhibits
SEC6/16/2026material
8-K — Shareholder vote results
SEC5/14/2026material
10-Q — 10-Q - Q1 2026
SEC5/6/2026
8-K — Other events, Exhibits
SEC5/1/2026material
8-K — Results of operations, Reg FD disclosure, Exhibits
SEC4/16/2026material
8-K — Executive/director change, Exhibits
SEC4/13/2026material

In the news

Education and discussion only — not investment advice. Financials from official filings (SEC/BSE) and reported company statements; market figures (delayed · as reported by yahoo finance) are delayed and shown for reference only. Verify with the linked sources before acting.