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

Independent Bank Corp.

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%

Follow INDB

Alert me

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

Independent Bank Corp. (INDB) P/E ratio

Alert me on P/E ratio

As of 5 November 2026, Independent Bank Corp. (INDB) trades at a P/E ratio of 12.5×. Over the past ten years it has ranged from 7.4× (June 2023) to 27.0× (March 2021); the current reading is higher than 15% of that period. That is in line with the Banks Regional industry median of 12.0× and in line with the Financial sector median of 12.2×.

Embed this chart

Code for your page

<iframe src="https://stockrow.com/embed/INDB/pe-ratio" width="100%" height="360" style="border:0" loading="lazy" title="Independent Bank Corp. P/E ratio, 10 years"></iframe>
<p style="font-size:12px">Source: <a href="https://stockrow.com/INDB/metrics/pe-ratio">Independent Bank Corp. (INDB) P/E ratio — stockrow.com</a></p>

Period	P/E ratio	Change
FY2025	16.4×	15.64%
FY2024	14.2×	17.93%
FY2023	12.0×	(16.81%)
FY2022	14.5×	(35.20%)
FY2021	22.3×	11.62%
FY2020	20.0×	20.91%
FY2019	16.6×	3.81%
FY2018	15.9×	(26.82%)
FY2017	21.8×	(10.19%)
FY2016	24.3×	30.37%

Period	P/E ratio	Change
Sep 2026	11.5×	(23.88%)
Jun 2026	15.1×	1.27%
Mar 2026	14.9×	(9.13%)
Dec 2025	16.4×	(2.42%)
43 more quarters	Free account

Against its own ten years

Low 7.4× High 27.0×

Ten-year median 17.2×

Current reading's percentile 16

Company	P/E ratio
IBOC International Bancshares Corporation compare	10.1×
FBP First BanCorp. compare	10.8×
CATY Cathay General Bancorp compare	11.8×
WSFS WSFS Financial Corporation compare	12.4×
INDB Independent Bank Corp.	12.5×
BANF BancFirst Corporation compare	15.0×
CVBF CVB Financial Corporation compare	15.2×
GGAL Grupo Financiero Galicia S.A. compare	15.2×
FLG Flagstar Bank, National Association compare	70.7×
Banks Regional industry median	12.0×
Financial sector median	12.2×
Market median	17.9×

What P/E ratio is

Price to Earnings Ratio shows how much investors pay for each dollar of a company’s annual profit per share.

Stock Price ÷ EPS (Basic) (TTM)

The full definition of P/E ratio →

Independent Bank Corp. (INDB) P/E ratio

P/E ratio, daily

Annual newest first

Quarterly newest first

Against its own ten years

P/E ratio against peers

What P/E ratio is

More on INDB

P/E ratio, daily

Annual newest first

Quarterly newest first

Against its own ten years

P/E ratio against peers

What P/E ratio is

More on INDB

Stockrow Weekly