Independent Bank/$INDB
INDB falls as regional bank stocks slide over escalating US-China tariff tensions triggering broader market selloff.
9 hours agoLightyear AI
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About Independent Bank
Independent Bank Corp is a bank holding company and the sole shareholder of its bank, the Rockland Trust Company. Rockland is a community-oriented commercial bank. The bank provides a variety of banking, investment and financial services, operating with various retail branches, as well as a network of commercial and residential lending centers and investment management offices majorly in Eastern Massachusetts, Worcester County, and Rhode Island. The bank's loan portfolio constitutes the bulk of the bank's total assets. Its borrowers consist mostly of small to medium-size businesses and consumers, majority of which are made to its market area in eastern Massachusetts and Rhode Island. The bank's loan portfolio is predominantly in commercial loans.
Ticker
$INDB
Sector
Primary listing
Employees
1,837
Headquarters
Website
Independent Bank Metrics
BasicAdvanced
$3.4B
15.53
$4.43
0.93
$3.11
3.43%
Price and volume
Market cap
$3.4B
Beta
0.93
52-week high
$74.78
52-week low
$52.15
Average daily volume
289K
Dividend rate
$3.11
Financial strength
Dividend payout ratio (TTM)
51.87%
Profitability
Net profit margin (TTM)
28.44%
Operating margin (TTM)
39.61%
Effective tax rate (TTM)
21.85%
Revenue per employee (TTM)
$360,000
Management effectiveness
Return on assets (TTM)
0.96%
Return on equity (TTM)
6.29%
Valuation
Price to earnings (TTM)
15.53
Price to revenue (TTM)
4.416
Price to book
0.95
Price to tangible book (TTM)
1.41
Price to free cash flow (TTM)
13.631
Free cash flow yield (TTM)
7.34%
Free cash flow per share (TTM)
5.047
Dividend yield (TTM)
4.53%
Forward dividend yield
3.43%
Growth
Revenue change (TTM)
-2.20%
Earnings per share change (TTM)
-10.93%
3-year revenue growth (CAGR)
4.49%
3-year earnings per share growth (CAGR)
5.83%
10-year earnings per share growth (CAGR)
6.50%
3-year dividend per share growth (CAGR)
5.42%
10-year dividend per share growth (CAGR)
8.78%
Bulls say / Bears say
Net income jumped 15% from the previous quarter to $51.1 million in Q2, fueled by stronger revenues and a lower loan loss provision, showcasing robust earnings momentum. (FT)
The company announced a new $150 million share repurchase program, leveraging its solid capital position—likely to boost EPS and signaling management’s confidence. (FT)
Nonperforming loans dropped to 0.39% of total loans from 0.62%, reflecting effective credit management and improving asset quality. (FT)
Loan balances increased just 0.3% over the quarter (1.2% annualized), showing weak lending demand and falling short of industry hopes for faster commercial loan growth. (FT)
Net interest margin narrowed by 5 basis points to 3.37%, as funding costs rose and the full-quarter impact of subordinated debt took effect, potentially limiting profitability if competition for deposits remains intense. (FT)
Data summarised monthly by Lightyear AI. Last updated on 1 Oct 2025.
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FAQs
What’s the current market cap for Independent Bank stock?
Independent Bank (INDB) has a market cap of $3.4B as of October 11, 2025.
What is the P/E ratio for Independent Bank stock?
The price to earnings (P/E) ratio for Independent Bank (INDB) stock is 15.53 as of October 11, 2025.
Does Independent Bank stock pay dividends?
Yes, the Independent Bank (INDB) stock pays dividends to shareholders. As of October 11, 2025, the dividend rate is $3.11333 and the yield is 3.43%. Independent Bank has a payout ratio of 51.87% on a trailing twelve-month basis.
When is the next Independent Bank dividend payment date?
The next Independent Bank (INDB) dividend payment date is unconfirmed.
What is the beta indicator for Independent Bank?
Independent Bank (INDB) has a beta rating of 0.93. This means that it is less volatile than the market, on average. A beta of 1 would indicate the stock moves in-line with the market, while a beta of 0.5 would mean it moves half as much as the market.