8-K Announcements
6Material company update
Apr 16, 2026·SEC
Material company update
Apr 13, 2026·SEC
Material company update
Mar 19, 2026·SEC
Independent Bank Corp.(INDB)Earnings, Financials & Key Ratios
INDB•NASDAQ•Banking & Credit
18.2× P/E·Price updated Jun 19, 2026
AboutIndependent 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 primarily in Massachusetts. The company accepts interest checking, money market, and savings accounts, as well as demand deposits and time certificates of deposit. It also offers commercial and industrial, commercial real estate and construction, small business, consumer real estate, and personal loans. In addition, the company provides investment management and trust services to individuals, institutions, small businesses, and charitable institutions; Internet and mobile banking services, as well as estate settlement, financial planning, tax services, and other services; automated teller machine and debit cards; and mutual fund and unit investment trust shares, general securities, fixed and variable annuities, and life insurance products. As of December 31, 2021, it operates one hundred nineteen retail branches, two limited-service retail branches, and one mobile branch located within Barnstable, Bristol, Dukes, Essex, Middlesex, Nantucket, Norfolk, Plymouth, Suffolk, and Worcester counties in Eastern Massachusetts. The company was founded in 1907 and is headquartered in Rockland, Massachusetts.Show more
- Net Interest Income$709M+26.2%
- Total Revenue$1.17B+19.8%
- Net Income$205M+6.8%
- Return on Equity6.25%-4.1%
- Net Interest Margin2.85%-1.9%
- Efficiency Ratio45.06%+9.8%
- ROA0.93%-6.6%
- Equity / Assets14.31%-7.4%
- Book Value per Share72.07+2.4%
INDB Key Insights
Independent Bank Corp. (INDB) fundamental analysis — strengths, weaknesses & financial health based on data analysis
✓Strengths
- ✓Efficient operations: 45.1% efficiency ratio
- ✓15 consecutive years of dividend growth
- ✓Well capitalized: 14.3% equity/assets
- ✓Healthy dividend yield of 2.6%
- ✓Trading at only 1.1x book value
✗Weaknesses
- ✗Shares diluted 16.4% in last year
* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.
Get notified when INDB posts new earnings or crosses analyst targets
Free. No account needed. Unsubscribe any time.
INDB Price & Volume
Independent Bank Corp. (INDB) stock price & volume — 10-year historical chart
Loading chart...
INDB Growth Metrics
Independent Bank Corp. (INDB) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years14.26%
5 Years18.13%
3 Years15.89%
TTM-
Profit CAGR
10 Years12.19%
5 Years11.1%
3 Years-8.05%
TTM6.79%
EPS CAGR
10 Years5.94%
5 Years4.1%
3 Years-7.87%
TTM-1.55%
Return on Capital
10 Years8.54%
5 Years6.23%
3 Years5.21%
Last Year1.87%
INDB Recent Earnings
Independent Bank Corp. (INDB) EPS & revenue vs analyst estimates — last 4 quarters
●Beat EPS 7/12 qtrs (70%)●Beat Revenue 8/12 qtrs (80%)
Q2 2026Latest
Apr 16, 2026Metric
Actual
Est
EPS
$1.68+1.2%
$1.66
Rev
$253M+1.0%
$250M
Q1 2026
Feb 27, 2026Metric
Actual
Est
EPS
$1.52
—
Rev
$339M
—
Q1 2026
Jan 22, 2026Metric
Actual
Est
EPS
$1.70+3.0%
$1.65
Rev
$254M+1.7%
$250M
Q4 2025
Oct 16, 2025Metric
Actual
Est
EPS
$1.55+0.6%
$1.54
Rev
$244M+0.5%
$243M
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | Apr 16, 2026 | $1.68vs $1.66+1.2% | $253Mvs $250M+1.0% |
| Q1 2026 | Feb 27, 2026 | $1.52 | $339M |
| Q1 2026 | Jan 22, 2026 | $1.70vs $1.65+3.0% | $254Mvs $250M+1.7% |
| Q4 2025 | Oct 16, 2025 | $1.55vs $1.54+0.6% | $244Mvs $243M+0.5% |
Based on last 12 quarters of dataView full earnings history →
INDB Peer Comparison
Independent Bank Corp. (INDB) competitors in Banks with large fee businesses — business model, growth, and fundamentals comparison
| Company | Market Cap | Stock Price | P/E Ratio (TTM) | Revenue Growth 1Y | Net Margin | Return on Equity (ROE) | FCF Yield | Debt / Equity |
|---|---|---|---|---|---|---|---|---|
 WSFS | 3.91B | 74.14 | 14.57 | -3.05% | 21.14% | 10.65% | 0.11 | |
 NBTB | 2.44B | 46.68 | 14.02 | 10.36% | 18.76% | 9.51% | 0.17 | |
 TRMK | 2.63B | 44.67 | 12.07 | 34.75% | 19.32% | 10.77% | 0.53 | |
 CVBF | 2.83B | 20.81 | 13.69 | -2.33% | 32.48% | 9.25% | 0.43 | |
 IBCP | 706.3M | 34.31 | 10.49 | -0.3% | 22.12% | 14.2% | 0.23 | |
 SFNC | 3.18B | 21.90 | -7.42 | -56.66% | -64.33% | -11.48% | 0.19 | |
 FULT | 4.41B | 22.90 | 11.01 | 5.03% | 20.7% | 11.6% | 0.37 | |
 BOKF | 7.92B | 130.33 | 14.20 | -1.07% | 17.38% | 9.79% | 0.78 |
Compare INDB vs Peers
Independent Bank Corp. (INDB) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
INDB Income Statement
Independent Bank Corp. (INDB) annual income statement — 10-year revenue, gross profit & net income history
10Y historyFree accessUpdated daily
| Metric | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|---|---|---|---|
Net Interest Income | 258.86M | 298.17M | 393.13M | 367.73M | 401.56M | 613.25M | 606.52M | 561.73M | 708.83M |
NII Growth % | 13.61% | 15.18% | 31.85% | -6.46% | 9.2% | 52.72% | -1.1% | -7.39% | 26.19% |
Net Interest Margin % | 3.2% | 3.37% | 3.45% | 2.78% | 1.97% | 3.18% | 3.13% | 2.9% | 2.85% |
Interest Income | 277.19M | 323.7M | 447.01M | 402.07M | 415.28M | 642.84M | 795.73M | 852.75M | 1.02B |
Interest Expense | 18.33M | 25.54M | 53.88M | 34.34M | 13.72M | 29.59M | 189.21M | 291.02M | 313.57M |
Loan Loss Provision | 2.95M | 4.78M | 6M | 52.5M | 18.2M | 6.5M | 23.25M | 36.25M | 60.72M |
Non-Interest Income | 79.56M | 88.5M | 109.61M | 105.35M | 100.71M | 107M | 115.61M | 121.38M | 144.77M |
Non-Interest Income % | 22.3% | 21.47% | 19.69% | 20.76% | 19.52% | 14.27% | 12.69% | 12.46% | 12.4% |
Total Revenue | 356.76M▲ 0% | 412.21M▲ 15.5% | 556.63M▲ 35.0% | 507.42M▼ 8.8% | 515.98M▲ 1.7% | 749.84M▲ 45.3% | 911.33M▲ 21.5% | 974.14M▲ 6.9% | 1.17B▲ 19.8% |
Revenue Growth % | 9.41% | 15.54% | 35.04% | -8.84% | 1.69% | 45.32% | 21.54% | 6.89% | 19.82% |
Non-Interest Expense | 200.93M | 225.97M | 278.64M | 267.74M | 327.38M | 365.99M | 383.74M | 399.74M | 525.96M |
Efficiency Ratio | 56.32% | 54.82% | 50.06% | 52.77% | 63.45% | 48.81% | 42.11% | 41.03% | 45.06% |
Operating Income | 134.54M▲ 0% | 155.93M▲ 15.9% | 218.11M▲ 39.9% | 152.84M▼ 29.9% | 156.68M▲ 2.5% | 347.75M▲ 122.0% | 315.13M▼ 9.4% | 247.13M▼ 21.6% | 266.92M▲ 8.0% |
Operating Margin % | 37.71% | 37.83% | 39.18% | 30.12% | 30.36% | 46.38% | 34.58% | 25.37% | 22.87% |
Operating Income Growth % | 20.05% | 15.89% | 39.88% | -29.93% | 2.51% | 121.96% | -9.38% | -21.58% | 8.01% |
Pretax Income | 134.54M▲ 0% | 155.93M▲ 15.9% | 218.11M▲ 39.9% | 152.84M▼ 29.9% | 156.68M▲ 2.5% | 347.75M▲ 122.0% | 315.13M▼ 9.4% | 247.13M▼ 21.6% | 262.17M▲ 6.1% |
Pretax Margin % | 37.71% | 37.83% | 39.18% | 30.12% | 30.36% | 46.38% | 34.58% | 25.37% | 22.46% |
Income Tax | 47.34M | 34.3M | 52.93M | 31.67M | 35.68M | 83.94M | 75.63M | 55.05M | 57.05M |
Effective Tax Rate % | 35.19% | 22% | 24.27% | 20.72% | 22.78% | 24.14% | 24% | 22.27% | 21.76% |
Net Income | 87.2M▲ 0% | 121.62M▲ 39.5% | 165.18M▲ 35.8% | 121.17M▼ 26.6% | 120.99M▼ 0.1% | 263.81M▲ 118.0% | 239.5M▼ 9.2% | 192.08M▼ 19.8% | 205.12M▲ 6.8% |
Net Margin % | 24.44% | 29.51% | 29.67% | 23.88% | 23.45% | 35.18% | 26.28% | 19.72% | 17.57% |
Net Income Growth % | 13.77% | 39.47% | 35.81% | -26.64% | -0.14% | 118.04% | -9.22% | -19.8% | 6.79% |
Net Income (Continuing) | 87.2M | 121.62M | 165.18M | 121.17M | 120.99M | 263.81M | 239.5M | 192.08M | 205.12M |
EPS (Diluted) | 3.19▲ 0% | 4.40▲ 37.9% | 5.03▲ 14.3% | 3.64▼ 27.6% | 3.47▼ 4.7% | 5.69▲ 64.0% | 5.42▼ 4.7% | 4.52▼ 16.6% | 4.45▼ 1.5% |
EPS Growth % | 10% | 37.93% | 14.32% | -27.63% | -4.67% | 63.98% | -4.75% | -16.61% | -1.55% |
EPS (Basic) | 3.19 | 4.41 | 5.03 | 3.64 | 3.47 | 5.69 | 5.42 | 4.52 | 4.45 |
Diluted Shares Outstanding | 27.37M | 27.65M | 32.86M | 33.28M | 34.89M | 46.39M | 44.19M | 42.51M | 49.48M |
INDB Balance Sheet
Independent Bank Corp. (INDB) balance sheet — assets, liabilities & shareholders' equity
| Metric | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|---|---|---|---|
Cash & Short Term Investments | 660.61M | 693.21M | 577.4M | 1.71B | 3.81B | 1.75B | 1.56B | 367.16M | 234.49M |
Cash & Due from Banks | 213.12M | 250.46M | 150.97M | 1.3B | 2.24B | 352.93M | 224.33M | 219.89M | 229.77M |
Short Term Investments | 447.5M | 442.75M | 426.42M | 412.86M | 1.57B | 1.4B | 1.33B | 147.27M | 4.72M |
Total Investments | 7.24B | 7.92B | 10.03B | 10.5B | 16.13B | 16.9B | 17.07B | 17.05B | 22.26B |
Investments Growth % | 6.62% | 9.35% | 26.58% | 4.68% | 53.63% | 4.83% | 0.97% | -0.09% | 30.52% |
Long-Term Investments | 6.8B | 7.48B | 9.6B | 10.08B | 14.56B | 15.51B | 15.73B | 16.91B | 22.25B |
Accounts Receivables | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Goodwill & Intangibles | 241.15M | 271.36M | 535.49M | 529.31M | 1.02B | 1.01B | 1B | 997.36M | 1.22B |
Goodwill | 231.81M | 256.11M | 506.21M | 506.21M | 985.07M | 985.07M | 985.07M | 985.07M | 1.09B |
Intangible Assets | 9.34M | 15.25M | 29.29M | 23.11M | 32.77M | 25.07M | 18.19M | 12.28M | 133.58M |
PP&E (Net) | 94.72M | 97.58M | 123.67M | 116.39M | 195.59M | 196.5M | 193.05M | 193.32M | 218.19M |
Other Assets | 288.18M | 310.15M | 557.33M | 764.9M | 843.11M | 830.14M | 858.64M | 910.23M | 974.03M |
Total Current Assets | 660.61M | 693.21M | 577.4M | 1.71B | 3.81B | 1.75B | 1.56B | 367.16M | 229.77M |
Total Non-Current Assets | 7.42B | 8.16B | 10.82B | 11.49B | 16.61B | 17.54B | 17.79B | 19.01B | 24.67B |
Total Assets | 8.08B▲ 0% | 8.85B▲ 9.5% | 11.4B▲ 28.7% | 13.2B▲ 15.9% | 20.42B▲ 54.7% | 19.29B▼ 5.5% | 19.35B▲ 0.3% | 19.37B▲ 0.1% | 24.91B▲ 28.6% |
Asset Growth % | 4.83% | 9.52% | 28.74% | 15.88% | 54.67% | -5.53% | 0.28% | 0.14% | 28.59% |
Return on Assets (ROA) | 1.1% | 1.44% | 1.63% | 0.99% | 0.72% | 1.33% | 1.24% | 0.99% | 0.93% |
Accounts Payable | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Total Debt | 323.7M | 406.51M | 303.1M | 181.06M | 152.37M | 113.38M | 1.22B | 701.37M | 901.25M |
Net Debt | 110.58M | 156.06M | 152.13M | -1.12B | -2.09B | -239.56M | 994.05M | 481.48M | 671.48M |
Long-Term Debt | 107.75M | 258.71M | 303.1M | 181.06M | 152.37M | 113.38M | 1.22B | 701.37M | 425.85M |
Short-Term Debt | 215.94M | 147.81M | 0 | 0 | 0 | 0 | 0 | 0 | 415.62M |
Other Liabilities | 85.27M | -55.53M | 236.55M | 327.39M | 335.54M | 415.09M | 368.2M | 373.09M | 20.45B |
Total Current Liabilities | 6.95B | 7.57B | 9.15B | 10.99B | 16.92B | 15.88B | 14.87B | 15.31B | 415.62M |
Total Non-Current Liabilities | 193.02M | 203.18M | 539.65M | 508.45M | 487.91M | 528.47M | 1.59B | 1.07B | 20.93B |
Total Liabilities | 7.14B | 7.78B | 9.69B | 11.5B | 17.4B | 16.41B | 16.45B | 16.38B | 21.35B |
Total Equity | 943.81M▲ 0% | 1.07B▲ 13.7% | 1.71B▲ 59.1% | 1.7B▼ 0.3% | 3.02B▲ 77.3% | 2.89B▼ 4.4% | 2.9B▲ 0.3% | 2.99B▲ 3.4% | 3.57B▲ 19.1% |
Equity Growth % | 9.15% | 13.74% | 59.12% | -0.32% | 77.28% | -4.36% | 0.3% | 3.38% | 19.13% |
Equity / Assets (Capital Ratio) | 11.68% | 12.13% | 14.99% | 12.89% | 14.78% | 14.96% | 14.96% | 15.45% | 14.31% |
Return on Equity (ROE) | 9.64% | 12.06% | 11.88% | 7.1% | 5.13% | 8.94% | 8.28% | 6.52% | 6.25% |
Book Value per Share | 34.48 | 38.82 | 51.99 | 51.15 | 86.52 | 62.23 | 65.51 | 70.41 | 72.07 |
Tangible BV per Share | 25.67 | 29.01 | 35.69 | 35.25 | 57.34 | 40.45 | 42.81 | 46.95 | 47.33 |
Common Stock | 273K | 279K | 342K | 328K | 472K | 455K | 427K | 423K | 490K |
Additional Paid-in Capital | 479.43M | 527.65M | 1.04B | 945.64M | 2.25B | 2.11B | 1.93B | 1.91B | 2.34B |
Retained Earnings | 465.94M | 546.74M | 654.18M | 716.02M | 766.72M | 934.44M | 1.08B | 1.17B | 1.27B |
Accumulated OCI | -1.83M | -1.17M | 22.9M | 43.76M | 5.33M | -159.86M | -111.53M | -86.62M | -39.75M |
Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Preferred Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
INDB Cash Flow Statement
Independent Bank Corp. (INDB) cash flow — operating, investing & free cash flow history
| Metric | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|---|---|---|---|
Cash from Operations | 130.91M | 141.84M | 216.52M | 64.64M | 190.22M | 421.2M | 276.99M | 229.92M | 251.16M |
Operating CF Growth % | 40.26% | 8.35% | 52.66% | -70.15% | 194.29% | 121.43% | -34.24% | -16.99% | 9.24% |
Net Income | 87.2M | 121.62M | 165.18M | 121.17M | 120.99M | 263.81M | 239.5M | 192.08M | 205.12M |
Depreciation & Amortization | 15.68M | 15.63M | 19.44M | 27.26M | 32.82M | 38.8M | 36.1M | 40.89M | 42.14M |
Deferred Taxes | 9.68M | -4.5M | 10.59M | -17.51M | 3.09M | -1.25M | 2.74M | -10.6M | -3.28M |
Other Non-Cash Items | -2M | -851K | -21.78M | 23.56M | -36.92M | -26.36M | -6.05M | 11.16M | 24.56M |
Working Capital Changes | 16.93M | 5.71M | 38.69M | -93.97M | 65.93M | 141.74M | -1.68M | -10.14M | -26.36M |
Cash from Investing | -316.77M | -387.51M | 20.16M | -488.21M | -63.14M | -1B | -211.65M | -33.01M | 5.05M |
Purchase of Investments | -237.56M | -284.28M | -139.41M | -348.22M | -1.92B | -962.15M | -31.82M | -163.49M | -465.87M |
Sale/Maturity of Investments | 133.97M | 170.53M | 225.42M | 370.6M | 360.25M | 306.67M | 247.6M | 373.54M | 490.27M |
Net Investment Activity | -103.59M | -113.75M | 86.01M | 22.38M | -1.56B | -655.48M | 215.79M | 210.05M | 24.4M |
Acquisitions | 6.29M | -6.91M | -105.26M | 0 | 787.3M | 0 | 0 | 0 | 97.76M |
Other Investing | -194.39M | -255.75M | 55.99M | -498M | 730.59M | -322.92M | -411.59M | -222.63M | -104.97M |
Cash from Financing | 109.88M | 283.01M | -336.16M | 1.57B | 816.96M | -1.31B | -193.95M | -201.35M | 295.8M |
Dividends Paid | -34.05M | -40.17M | -53.27M | -60.84M | -62.74M | -93.73M | -98.01M | -96.2M | -103.9M |
Share Repurchases | 0 | 0 | 0 | 0 | -1.25M | -141.03M | -190.05M | -31.8M | -62.31M |
Stock Issued | 0 | 0 | 0 | 0 | 1.97M | 2.36M | 2.74M | 3.33M | 2.55M |
Net Stock Activity | 0 | 0 | 0 | 0 | 717K | -138.67M | -187.31M | -28.47M | -59.76M |
Debt Issuance (Net) | 0 | 1000K | -1000K | -1000K | -1000K | -1000K | 1000K | -1000K | 1000K |
Other Financing | 143.93M | 258.61M | -202.14M | 1.75B | 1.48B | -1.04B | -1.01B | 440.32M | 458.06M |
Net Change in Cash | -75.98M▲ 0% | 37.34M▲ 149.1% | -99.48M▼ 366.4% | 1.15B▲ 1251.6% | 944.05M▼ 17.6% | -1.89B▼ 300.0% | -128.6M▲ 93.2% | -4.44M▲ 96.5% | 552.01M▲ 12532.7% |
Exchange Rate Effect | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Cash at Beginning | 289.1M | 213.12M | 250.46M | 150.97M | 1.3B | 2.24B | 352.93M | 224.33M | 219.89M |
Cash at End | 213.12M | 250.46M | 150.97M | 1.3B | 2.24B | 352.93M | 224.33M | 219.89M | 771.9M |
Interest Paid | 18.63M | 25.34M | 49.7M | 36.74M | 14M | 26.42M | 183.07M | 291.69M | 307.26M |
Income Taxes Paid | 32.87M | 27.81M | 39.58M | 48.24M | 23.35M | 44.27M | 43.71M | 51.08M | 34.78M |
Free Cash Flow | 105.83M▲ 0% | 130.73M▲ 23.5% | 199.94M▲ 52.9% | 52.05M▼ 74.0% | 165.02M▲ 217.0% | 399.13M▲ 141.9% | 261.15M▼ 34.6% | 209.49M▼ 19.8% | 239.5M▲ 14.3% |
FCF Growth % | 27.6% | 23.53% | 52.94% | -73.97% | 217.04% | 141.87% | -34.57% | -19.78% | 14.33% |
INDB Banking Ratios
Independent Bank Corp. (INDB) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
Return on Equity (ROE) | 9.37% | 9.64% | 12.06% | 11.88% | 7.1% | 5.13% | 8.94% | 8.28% | 6.52% | 6.25% |
Return on Assets (ROA) | 1.03% | 1.1% | 1.44% | 1.63% | 0.99% | 0.72% | 1.33% | 1.24% | 0.99% | 0.93% |
Net Interest Margin | 2.96% | 3.2% | 3.37% | 3.45% | 2.78% | 1.97% | 3.18% | 3.13% | 2.9% | 2.85% |
Efficiency Ratio | 58% | 56.32% | 54.82% | 50.06% | 52.77% | 63.45% | 48.81% | 42.11% | 41.03% | 45.06% |
Equity / Assets | 11.22% | 11.68% | 12.13% | 14.99% | 12.89% | 14.78% | 14.96% | 14.96% | 15.45% | 14.31% |
Book Value / Share | 32.68 | 34.48 | 38.82 | 51.99 | 51.15 | 86.52 | 62.23 | 65.51 | 70.41 | 72.07 |
NII Growth | 6.01% | 13.61% | 15.18% | 31.85% | -6.46% | 9.2% | 52.72% | -1.1% | -7.39% | 26.19% |
Dividend Payout | 38.76% | 39.04% | 33.03% | 32.25% | 50.21% | 51.85% | 35.53% | 40.92% | 50.08% | 50.65% |
Related:INDB Dividend History·INDB Revenue History·INDB Price History·INDB P/E History·INDB Financial Ratios·INDB Institutional Holders
INDB SEC Filings & Documents
Independent Bank Corp. (INDB) SEC filings — annual & quarterly reports (10-K, 10-Q)
INDB Frequently Asked Questions
Independent Bank Corp. (INDB) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
Independent Bank Corp. (INDB) grew revenue by 19.8% over the past year. This is strong growth.
Yes, Independent Bank Corp. (INDB) is profitable, generating $205.1M in net income for fiscal year 2025 (17.6% net margin).
Dividend & Returns
Yes, Independent Bank Corp. (INDB) pays a dividend with a yield of 2.59%. This makes it attractive for income-focused investors.
Independent Bank Corp. (INDB) has a return on equity (ROE) of 6.3%. This is below average, suggesting room for improvement.
Industry Metrics
Independent Bank Corp. (INDB) has a net interest margin (NIM) of 2.8%. NIM has been under pressure due to interest rate environment.
Independent Bank Corp. (INDB) has an efficiency ratio of 45.1%. This is excellent, indicating strong cost control.