Independent Bank/$INDB
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Capital at risk
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
- Finance
- Primary listing
- NASDAQ
- Employees
- 2,294
- Headquarters
- Rockland, United States
- Website
- www.rocklandtrust.com
Independent Bank Metrics
BasicAdvanced
$4B
15.16
$5.52
0.79
$2.46
3.06%
Price and volume
Market cap
$4B
Beta
0.79
52-week high
$87.50
52-week low
$63.33
Average daily volume
274K
Dividend rate
$2.46
Financial strength
Dividend payout ratio (TTM)
42.26%
Profitability
Net profit margin (TTM)
28.60%
Operating margin (TTM)
45.46%
Effective tax rate (TTM)
22.54%
Revenue per employee (TTM)
$410,000
Management effectiveness
Return on assets (TTM)
1.21%
Return on equity (TTM)
8.24%
Valuation
Price to earnings (TTM)
15.156
Price to revenue (TTM)
4.332
Price to book
1.13
Price to tangible book (TTM)
1.73
Price to free cash flow (TTM)
13.526
Free cash flow yield (TTM)
7.39%
Free cash flow per share (TTM)
6.183
Dividend yield (TTM)
2.94%
Forward dividend yield
3.06%
Growth
Revenue change (TTM)
43.14%
Earnings per share change (TTM)
24.57%
3-year revenue growth (CAGR)
8.72%
3-year earnings per share growth (CAGR)
-2.98%
10-year earnings per share growth (CAGR)
6.55%
3-year dividend per share growth (CAGR)
4.43%
10-year dividend per share growth (CAGR)
8.38%
Bulls say / Bears say
Second‐quarter net income rose to $81.8 million from $79.9 million in Q1 2026, marking sequential earnings growth without merger‐related charges. (SEC)
Commercial and industrial loan balances increased nicely during Q2, reflecting continued demand in the bank’s core lending markets. (SEC)
Management authorized a $200 million share repurchase program and bought back $75 million of stock in Q2, supported by robust CET1 (12.8%) and tangible common equity (9.7%) ratios. (TipRanks)
Diluted EPS of $1.68 and revenue of $253.3 million both fell short of consensus estimates, prompting a 6.32% decline in after‐hours trading. (Investing.com)
The company cut full‐year commercial real estate and construction loan growth guidance to flat‐to‐down low‐single digits after $120 million of large payoffs and heightened competitive pressures. (Investing.com)
Fourth‐quarter net interest margin is guided to 3.90%–3.95% but is expected to land at the low end of that range, limiting margin expansion upside. (Investing.com)
Data summarised monthly by Lightyear AI. Last updated on 23 Aug 2026.
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Independent Bank News
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Funds containing Independent Bank
AllUSDGBPEUR
Fund name | Fund size | $INDB weighting |
|---|---|---|
iShares S&P SmallCap 600$IDP6 | $3.2B | 0.22% |
iShares S&P Small Cap 600£ISP6 | £2.4B | 0.22% |
SPDR Russell 2000 US Small Cap€R2US | €4.8B | 0.13% |
L&G Global Quality Dividends£LDGG | £279M | 0.08% |
iShares MSCI World Small Cap$WSML | $9B | 0.04% |
Data displayed above is indicative only and its accuracy or completeness is not guaranteed. Actual execution price may vary. Past performance is not indicative of future results. Your return may be affected by currency fluctuations and applicable fees and charges. Capital at risk.
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