Independent Bank Corp.

NasdaqGS:INDB Stock Report

Market Cap: US$3.3b

Independent Bank Past Earnings Performance

Past criteria checks 2/6

Independent Bank has been growing earnings at an average annual rate of 9%, while the Banks industry saw earnings growing at 4.4% annually. Revenues have been growing at an average rate of 9.2% per year. Independent Bank's return on equity is 5.1%, and it has net margins of 25.2%.

Key information

9.00%

Earnings growth rate

3.73%

EPS growth rate

Banks Industry Growth11.18%
Revenue growth rate9.23%
Return on equity5.07%
Net Margin25.25%
Last Earnings Update30 Sep 2025

Recent past performance updates

Recent updates

Independent Bank: Recent Acquisition Is The Main Earnings Catalyst

Oct 08

Independent Bank: No Signs Of A Slowdown, Attractive Yield

Apr 19

Independent Bank: Another Regional Bank Delivering

Jan 16
User avatar

Diversifying Loan Mix And Wealth Management Expansion To Boost Bank's Earnings

Diversifying the loan portfolio and focusing on C&I lending over CRE aims to stabilize earnings and increase revenue.

Independent Bank: Time For A Downgrade After A Monumental Rally

Sep 15

Independent Bank: Just Worth Considering

May 31

Independent Bank (NASDAQ:INDB) Is Increasing Its Dividend To $0.57

Mar 25
Independent Bank (NASDAQ:INDB) Is Increasing Its Dividend To $0.57

Independent Bank: High LTD Ratio Limits Growth Prospects

Jan 21

Independent Bank's (NASDAQ:INDB) Dividend Will Be $0.55

Dec 18
Independent Bank's (NASDAQ:INDB) Dividend Will Be $0.55

Independent Bank (NASDAQ:INDB) Is Paying Out A Larger Dividend Than Last Year

Mar 20
Independent Bank (NASDAQ:INDB) Is Paying Out A Larger Dividend Than Last Year

Independent Bank (NASDAQ:INDB) Has Announced That It Will Be Increasing Its Dividend To $0.55

Dec 13
Independent Bank (NASDAQ:INDB) Has Announced That It Will Be Increasing Its Dividend To $0.55

Independent Bank Non-GAAP EPS of $1.57 beats by $0.15, revenue of $190.8M beats by $5.27M

Oct 20

Independent Bank: Lagged Benefit Of Rising Rates To Lift Earnings

Oct 05

Independent Bank declares $0.51 dividend

Sep 15

Independent Bank Non-GAAP EPS of $1.32 beats by $0.06, revenue of $172.76M beats by $3.83M

Jul 21

Revenue & Expenses Breakdown

How Independent Bank makes and spends money. Based on latest reported earnings, on an LTM basis.

Earnings and Revenue History

NasdaqGS:INDB Revenue, expenses and earnings (USD Millions)
DateRevenueEarningsG+A ExpensesR&D Expenses
30 Sep 257121803570
30 Jun 256631893340
31 Mar 256541893280
31 Dec 246531923220
30 Sep 246551973170
30 Jun 246782153140
31 Mar 246902263080
31 Dec 237082403080
30 Sep 237282623020
30 Jun 237382733020
31 Mar 237332722940
31 Dec 227182642880
30 Sep 226421882750
30 Jun 225811572590
31 Mar 225311322460
31 Dec 214891212330
30 Sep 214931542240
30 Jun 214791492230
31 Mar 214551362180
31 Dec 204251212100
30 Sep 204321342120
30 Jun 204551512110
31 Mar 204891572130
31 Dec 195011652060
30 Sep 194731481960
30 Jun 194351291850
31 Mar 193961291730
31 Dec 183811221710
30 Sep 183681141660
30 Jun 183571051660
31 Mar 18348941630
31 Dec 17339871600
30 Sep 17327821560
30 Jun 17316791530
31 Mar 17309791500
31 Dec 16304771490
30 Sep 16301791460
30 Jun 16298771430
31 Mar 16293741420
31 Dec 15288651440
30 Sep 15280611380
30 Jun 15272591360
31 Mar 15263561300
31 Dec 14256601280

Quality Earnings: INDB has high quality earnings.

Growing Profit Margin: INDB's current net profit margins (25.2%) are lower than last year (30%).

Free Cash Flow vs Earnings Analysis

Past Earnings Growth Analysis

Earnings Trend: INDB's earnings have grown by 9% per year over the past 5 years.

Accelerating Growth: INDB's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: INDB had negative earnings growth (-8.7%) over the past year, making it difficult to compare to the Banks industry average (13.7%).

Return on Equity

High ROE: INDB's Return on Equity (5.1%) is considered low.

Return on Assets

Return on Capital Employed

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/10/20 16:41
End of Day Share Price 2025/10/17 00:00
Earnings2025/09/30
Annual Earnings2024/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Independent Bank Corp. is covered by 17 analysts. 3 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Bryce RoweBaird
David BishopD.A. Davidson & Co.
Taylor BrodarickGuggenheim Securities, LLC