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Friday 6 November 2026 Export INDB’s income statement to Excel — free account

Independent Bank Corp.

INDB Financial Banks Regional

Independent Bank Corp.’s revenue for fiscal 2025 (year ended December 2025) was $1.2 billion, up 19.4% from fiscal 2024.

Revenue
+3.14%
EPS
+175.4%
Free cash flow
−34.6%
Total debt
−19.1%

Quarter to September 2026, against a year earlier

84.62 1.80 −2.08%
Market cap
$4.0B
P/E
12.5×
Fwd P/E
11.5×
Dividend yield
2.97%
F-score
5/9
Altman Z
n/a
Beneish M
n/a
Dividend safety
n/a
Overview
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios

Independent Bank Corp. (INDB) P/B ratio

Alert me on P/B ratio

As of 5 November 2026, Independent Bank Corp. (INDB) trades at a P/B ratio of 1.2×. Over the past ten years it has ranged from 0.7× (June 2024) to 2.6× (September 2018); the current reading is higher than 34% of that period. That is below the Banks Regional industry median of 1.2× and below the Financial sector median of 1.3×.

P/B ratio, daily

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Annual newest first

Period P/B ratio Change
FY2025 0.9× 3.83%
FY2024 0.9× (8.49%)
FY2023 1.0× (24.85%)
FY2022 1.3× 40.72%
FY2021 0.9× (33.98%)
FY2020 1.4× (10.78%)
FY2019 1.6× (11.52%)
FY2018 1.8× (10.09%)
FY2017 2.0× (6.44%)
FY2016 2.1× 37.59%

Quarterly newest first

Period P/B ratio Change
Sep 2026 1.1× (7.26%)
Jun 2026 1.1× 10.16%
Mar 2026 1.0× 9.88%
Dec 2025 0.9× (2.82%)
43 more quarters

Against its own ten years

Low 0.7× High 2.6×
Ten-year median 1.4×
Current reading's percentile 37

P/B ratio against peers

Company P/B ratio
FLG Flagstar Bank, National Association compare 0.6×
GGAL Grupo Financiero Galicia S.A. compare 0.8×
INDB Independent Bank Corp. 1.2×
IBOC International Bancshares Corporation compare 1.3×
CVBF CVB Financial Corporation compare 1.3×
CATY Cathay General Bancorp compare 1.4×
WSFS WSFS Financial Corporation compare 1.5×
BANF BancFirst Corporation compare 2.0×
FBP First BanCorp. compare 2.1×
Banks Regional industry median 1.2×
Financial sector median 1.3×
Market median 1.7×

What P/B ratio is

Price to Book Value tells an investor how much the market pays for a company’s shares relative to the accounting net worth that belongs to common shareholders.

Stock Price ÷ (Common Equity (Total) (latest quarter) ÷ Shares (Basic, Weighted) (latest quarter))

The full definition of P/B ratio →

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