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I

Independent Bank Corp (Massachusetts) INDB · USD

Financials · US listing · 🇺🇸 United States

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85.28

+1.40%

Close of 9 Nov 2026, in USD

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At a glance

Figures in USD, from our data supplier.

FY2025

Revenue, before interest expense

$1.17bn

FY2016FY2025

Net income

$205.1m

FY2016FY2025

Total assets

$24.91bn

FY2016FY2025

Shareholders' equity

$3.57bn

FY2016FY2025

Income statement

Fiscal years

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Revenue, before interest expense$1.17bn$974.1m$795.7m$749.8m$516.0m$507.4m$556.6m$412.2m$356.8m$326.1m
Operating income$266.9m$247.1m$315.1m$347.8m$156.7m$152.8m$218.1m$155.9m$134.5m$112.1m
Net income$205.1m$192.1m$239.5m$263.8m$121.0m$121.2m$165.2m$121.6m$87.2m$76.6m
Diluted earnings per share4.154.525.515.783.003.674.804.363.172.86

Balance sheet

At each fiscal year end

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Total assets$24.91bn$19.37bn$19.35bn$19.29bn$20.42bn$13.20bn$11.40bn$8.85bn$8.08bn$7.71bn
Cash and short-term investments$234.5m$367.2m$1.56bn$1.75bn$3.81bn$1.71bn$577.4m$693.2m$660.6m$652.7m
Total liabilities$21.35bn$16.38bn$16.45bn$16.41bn$17.40bn$11.50bn$303.1m$7.78bn$7.14bn$6.84bn
Debt$409.3m$62.9m$112.8m$113.0m$127.0m$145.0m$187.0m$111.0m$270.0m$285.0m
Shareholders' equity$3.57bn$2.99bn$2.90bn$2.89bn$3.02bn$1.70bn$11.09bn$1.07bn$943.8m$864.7m
Shares outstanding49m43m43m46m40m33m34m28m28m27m

Latest quarters

By quarter end

Jun 2026Mar 2026Dec 2025Sept 2025Jun 2025Mar 2025Dec 2024Sept 2024
Revenue, before interest expense$289.3m$290.3m$339.0m$335.2m$250.5m$242.5m$246.6m$249.5m
Operating income$70.7m$69.5m$99.6m$44.4m$65.8m$57.2m$62.9m$55.3m
Net income$81.8m$79.9m$75.3m$34.3m$51.1m$44.4m$50.0m$42.9m
Diluted earnings per share1.701.661.520.691.030.901.181.01
Total assets$24.97bn$24.78bn$24.91bn$24.99bn$20.05bn$19.89bn$19.37bn$19.41bn
Cash and short-term investments$252.0m$1.25bn$234.5m$1.29bn$2.19bn$2.00bn$367.2m$1.67bn
Debt$341.7m$776.3m$775.9m$775.4m$759.4m$859.9m$1.35bn$663.4m
Shareholders' equity$3.51bn$3.54bn$3.57bn$3.55bn$3.07bn$3.03bn$2.99bn$2.98bn

Financial ratios

Data as of 19 Oct 2026

FY2025FY2024FY2023FY2022FY2021FY2020
Operating margin22.9%25.4%39.6%46.4%30.4%30.1%
Net margin17.6%19.7%30.1%35.2%23.4%23.9%
Return on equity5.8%6.4%8.3%9.1%4.0%7.1%
Return on assets0.8%1.0%1.2%1.4%0.6%0.9%
Revenue growth19.8%22.4%6.1%45.3%1.7%-8.8%
Earnings growth6.8%-19.8%-9.2%118.0%-0.1%-26.6%
Current ratio0.55x0.02x0.10x0.11x0.23x0.16x
Debt to equity0.33x0.45x0.81x0.04x0.06x0.14x
Equity ratio14.3%15.4%15.0%15.0%14.8%12.9%
Interest coverage0.85x0.85x1.67x11.75x11.42x4.45x
Buybacks as a share of market value-16.4%2.2%4.8%-13.1%-22.4%4.2%

Growth per year

Compound annual rate

3 years5 years10 years
Revenue15.9%18.1%14.3%
Operating income-8.4%11.8%11.2%
Net income-8.0%11.1%12.2%

Average margins

Over each period

1 year3 years5 years10 years
Operating margin24.0%31.9%31.6%33.0%
Net margin18.5%24.4%24.3%24.9%

Valuation history

At each fiscal year end

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Price to earnings17.614.211.914.627.219.917.416.122.124.6
Price to sales3.12.83.65.16.44.85.24.85.45.8

Market value over time

30 Nov 2016 to 16 Oct 2026, in USD

$1.69bn$3.77bn

Share price return

Finished calendar years

2025202420232022202120202019201820172016
Return17%-0%-21%7%6%-15%21%-1%2%55%

Dividends and splits

Per share, in the currency the company pays

Paid for 32 years. Last went ex-dividend on 28 Sept 2026.

FY2026FY2025FY2024FY2023FY2022FY2021FY2020FY2019
Paid in the year1.922.362.832.202.081.921.841.76

Sources and methodology

Data on this tab
Our data supplier
Chart on the Overview
TradingView

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