Last 48 quarters of trend data · Financial Services · Regional Banks
Quarterly valuation ratios — annualised for comparability. YoY Δ shows same-quarter-prior-year change.
| Metric | TTM | Q3 '26 | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| P/E Ratio → | 12.16 | 10.22 | 12.31 | 11.54 | 12.02 | 25.06 | 13.10 | 15.06 | 13.60 | 14.64 | 10.48 | 11.61 | 13.06 | 8.89 | 7.84 | 12.06 | 12.49 | 11.87 | 15.04 | 18.23 | 509.56 |
| — | -59.2% | -6.0% | -23.4% | -11.6% | +71.2% | +25.0% | +29.7% | +4.2% | +64.6% | +33.7% | -3.7% | +4.5% | -25.1% | -47.9% | -33.8% | -97.5% | -24.6% | -9.1% | +9.2% | +2830.1% | |
| P/S Ratio | 4.32 | 3.50 | 4.77 | 4.34 | 3.56 | 3.54 | 3.73 | 3.79 | 3.90 | 3.60 | 3.19 | 3.36 | 4.09 | 2.99 | 2.71 | 3.99 | 4.85 | 4.52 | 5.42 | 5.98 | 5.48 |
| — | -1.2% | +27.9% | +14.5% | -8.7% | -1.5% | +16.8% | +12.8% | -4.7% | +20.3% | +17.7% | -15.9% | -15.7% | -33.9% | -50.0% | -33.2% | -11.4% | -17.2% | +1.8% | +2.9% | +7.2% | |
| P/B Ratio | 1.17 | 1.06 | 1.15 | 1.04 | 1.01 | 0.97 | 0.87 | 0.88 | 0.91 | 0.84 | 0.74 | 0.77 | 0.99 | 0.75 | 0.69 | 1.04 | 1.34 | 1.21 | 1.29 | 1.31 | 1.09 |
| — | +9.1% | +31.3% | +18.3% | +11.2% | +15.4% | +18.2% | +14.5% | -7.8% | +12.4% | +7.2% | -26.4% | -26.0% | -38.1% | -46.7% | -20.1% | +22.5% | -15.4% | -9.9% | -19.5% | -22.9% | |
| P/FCF | 15.97 | — | 15.02 | 8.25 | 11.97 | 14.79 | 6.54 | 58.96 | 18.69 | 9.76 | 8.70 | 11.86 | 15.16 | 6.91 | 5.56 | 15.63 | 8.66 | 6.49 | 10.40 | 14.40 | 33.81 |
| — | — | +129.6% | -86.0% | -36.0% | +51.5% | -24.8% | +397.2% | +23.3% | +41.1% | +56.4% | -24.1% | +75.0% | +6.5% | -46.6% | +8.5% | -74.4% | -69.1% | -23.6% | +34.6% | +177.9% | |
| EV / EBITDA | 11.90 | 7.77 | 12.28 | 11.70 | 9.62 | 14.51 | 8.47 | 10.41 | 11.10 | 10.48 | 8.20 | 10.37 | 12.13 | 8.25 | 6.99 | 9.47 | 8.25 | 6.20 | 6.44 | 6.75 | 42.27 |
| — | -46.5% | +45.0% | +12.3% | -13.3% | +38.4% | +3.3% | +0.5% | -8.5% | +27.1% | +17.3% | +9.5% | +47.1% | +33.1% | +8.6% | +40.2% | -80.5% | +132.0% | +264.3% | +40.7% | +571.4% | |
| EV / EBIT | 17.72 | 7.77 | 15.83 | 13.42 | 10.58 | 18.70 | 9.65 | 12.29 | 12.75 | 12.44 | 9.54 | 12.07 | 13.59 | 9.19 | 7.73 | 10.59 | 9.01 | 6.82 | 7.21 | 7.72 | — |
| — | -58.4% | +64.0% | +9.2% | -17.1% | +50.3% | +1.1% | +1.8% | -6.2% | +35.3% | +23.5% | +14.0% | +50.8% | +34.8% | +7.2% | +37.1% | — | +121.6% | +250.9% | +39.6% | — |
Quarterly margins and returns. Watch for margin compression across consecutive quarters.
| Metric | TTM | Q3 '26 | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 92.9% | 97.5% | 100.0% | 100.0% | 100.0% | 84.2% | 96.0% | 91.5% | 95.7% | 88.8% | 97.5% | 97.0% | 96.9% | 97.0% | 97.2% | 96.1% | 97.2% | 98.4% | 100.0% | 101.2% | 76.2% |
| — | +15.8% | +4.2% | +9.3% | +4.5% | -5.2% | -1.5% | -5.7% | -1.2% | -8.4% | +0.2% | +0.9% | -0.4% | -1.5% | -2.8% | -5.1% | +27.5% | -9.4% | -4.1% | -0.8% | -23.8% | |
| Operating Margin | 31.3% | 44.7% | 33.5% | 32.7% | 39.2% | 18.2% | 36.6% | 32.5% | 36.0% | 31.7% | 39.4% | 37.9% | 40.6% | 44.3% | 45.7% | 43.9% | 50.5% | 50.3% | 48.1% | 43.4% | -0.7% |
| — | +145.3% | -8.5% | +0.8% | +9.0% | -42.5% | -7.0% | -14.3% | -11.3% | -28.4% | -13.9% | -13.8% | -19.7% | -12.1% | -5.0% | +1.4% | +6870.6% | +7.1% | +12.7% | -3.3% | -101.9% | |
| Net Margin | 24.0% | 34.3% | 38.8% | 37.6% | 29.7% | 14.1% | 28.4% | 25.2% | 28.6% | 24.6% | 30.4% | 29.0% | 31.3% | 33.6% | 34.6% | 33.1% | 38.8% | 38.1% | 36.1% | 32.8% | 1.1% |
| — | +143.7% | +36.5% | +49.1% | +3.7% | -42.8% | -6.6% | -12.9% | -8.7% | -26.8% | -12.0% | -12.5% | -19.2% | -11.8% | -4.3% | +0.9% | +3325.7% | +9.6% | +12.7% | -5.9% | -96.1% |
| Metric | TTM | Q3 '26 | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 6.3% | 2.6% | 2.3% | 2.2% | 2.1% | 1.0% | 1.7% | 1.5% | 1.7% | 1.5% | 1.8% | 1.7% | 1.9% | 2.1% | 2.2% | 2.1% | 2.7% | 2.5% | 2.1% | 1.8% | 0.1% |
| — | +149.1% | +38.7% | +52.5% | +26.4% | -29.0% | -5.4% | -10.8% | -11.6% | -31.2% | -19.7% | -22.8% | -29.8% | -16.2% | +4.1% | +20.7% | +3688.8% | +10.5% | -2.6% | -27.3% | -96.5% | |
| ROA | 0.9% | 0.4% | 0.3% | 0.3% | 0.3% | 0.2% | 0.3% | 0.2% | 0.3% | 0.2% | 0.3% | 0.2% | 0.3% | 0.3% | 0.3% | 0.3% | 0.4% | 0.4% | 0.3% | 0.3% | 0.0% |
| — | +136.1% | +28.5% | +42.1% | +17.0% | -31.3% | -3.4% | -8.4% | -8.9% | -29.5% | -17.8% | -21.9% | -28.3% | -13.4% | +4.8% | +20.8% | +3973.2% | +30.1% | +14.6% | -15.4% | -96.3% | |
| ROIC | 4.9% | 2.1% | 1.2% | 1.2% | 1.7% | 0.8% | 1.3% | 1.1% | 1.3% | 1.1% | 1.3% | 1.2% | 1.3% | 1.6% | 1.6% | 1.8% | 2.5% | 2.4% | 2.0% | 1.7% | -0.0% |
| — | +159.3% | -2.8% | +6.0% | +33.2% | -28.6% | -3.5% | -3.3% | -3.2% | -27.3% | -19.2% | -34.6% | -47.6% | -34.5% | -18.8% | +6.5% | +7762.8% | +13.1% | +2.3% | -21.3% | -101.9% |
Quarterly solvency trend — watch for debt spikes or covenant pressure.
| Metric | TTM | Q3 '26 | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.25 | 0.18 | 0.20 | 0.22 | 0.23 | 0.22 | 0.25 | 0.28 | 0.23 | 0.22 | 0.24 | 0.36 | 0.42 | 0.35 | 0.32 | 0.35 | 0.04 | 0.04 | 0.05 | 0.05 | 0.05 |
| — | -16.9% | -19.1% | -22.7% | -1.2% | -1.9% | +4.0% | -20.3% | -44.3% | -35.7% | -24.8% | +1.4% | +971.4% | +761.6% | +555.2% | +651.5% | -22.2% | -55.0% | -51.1% | -54.6% | -52.5% | |
| Debt / EBITDA | 2.92 | 5.36 | 7.71 | 9.73 | 7.55 | 13.56 | 10.13 | 12.75 | 9.70 | 10.11 | 8.97 | 14.09 | 15.34 | 11.20 | 9.85 | 10.91 | 1.03 | 1.08 | 1.50 | 1.72 | 21.41 |
| — | -60.5% | -23.9% | -23.6% | -22.2% | +34.1% | +12.9% | -9.5% | -36.8% | -9.7% | -8.9% | +29.1% | +1382.0% | +933.7% | +555.3% | +533.5% | -95.2% | -57.0% | -49.1% | -39.6% | +507.5% | |
| Current Ratio | 0.55 | 0.20 | 0.01 | 0.06 | 0.02 | 0.06 | 0.14 | 0.13 | 0.02 | 0.11 | 0.10 | 0.10 | 0.10 | 0.10 | 0.11 | 0.12 | 0.11 | 0.14 | 0.18 | 0.20 | 0.23 |
| — | +219.0% | -91.2% | -51.6% | -7.7% | -41.4% | +38.2% | +28.5% | -77.1% | +3.6% | -9.7% | -20.5% | -5.0% | -27.7% | -38.4% | -38.3% | -51.0% | -48.4% | -29.7% | -1.0% | +44.9% | |
| Quick Ratio | 0.55 | 0.20 | 0.01 | 0.06 | 0.02 | 0.06 | 0.14 | 0.13 | 0.02 | 0.11 | 0.10 | 0.10 | 0.10 | 0.10 | 0.11 | 0.12 | 0.11 | 0.14 | 0.18 | 0.20 | 0.23 |
| — | +219.0% | -91.2% | -51.6% | -7.7% | -41.4% | +38.2% | +28.5% | -77.1% | +3.6% | -9.7% | -20.5% | -5.0% | -27.7% | -38.4% | -38.3% | -51.0% | -48.4% | -29.7% | -1.0% | +44.9% | |
| Interest Coverage | 0.85 | 1.40 | 0.90 | 0.89 | 1.17 | 0.49 | 0.93 | 0.86 | 0.88 | 0.74 | 0.90 | 0.89 | 1.14 | 1.51 | 1.79 | 2.91 | 6.36 | 12.90 | 25.20 | 22.03 | -0.33 |
| — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
Includes 30+ ratios · 48 years · Updated daily
Live VCP patterns, Cup & Handle overlays, support/resistance, and AI trade plans.
High-probability breakout stocks crossing their pivot across 5 pattern engines.
DCF models, multiple analysis, and analyst estimates.
10-year return with dividends reinvested.
Compare growth, multiples, and margins vs sector.
Quick answers to the most common questions about buying INDB stock.
Independent Bank Corp.'s current P/E is 12.2x. The average P/E over the last 4 quarters is 11.5x. Quarterly P/E ratios can vary due to seasonal revenue patterns and one-time charges.
Independent Bank Corp.'s current operating margin is 31.3%. Margins have been expanding over recent quarters. Quarterly margins are particularly useful for identifying trend inflections that annual data smooths over.
Quarterly financial ratios reveal short-term trend shifts — margin compression, debt spikes, or valuation re-ratings — that annual figures smooth over. They're essential for active investors tracking Independent Bank Corp.'s business trajectory between earnings reports.