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%

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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) Price to free cash flow

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As of 5 November 2026, Independent Bank Corp. (INDB) trades at a price to free cash flow of 13.1×. Over the past ten years it has ranged from 5.1× (June 2023) to 56.4× (March 2021); the current reading is higher than 31% of that period. That is above the Banks Regional industry median of 10.6× and above the Financial sector median of 9.7×.

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

Period	Price to free cash flow	Change
FY2025	14.1×	8.31%
FY2024	13.0×	17.93%
FY2023	11.0×	16.11%
FY2022	9.5×	(44.77%)
FY2021	17.2×	(58.80%)
FY2020	41.8×	211.63%
FY2019	13.4×	(8.14%)
FY2018	14.6×	(13.72%)
FY2017	16.9×	(24.55%)
FY2016	22.4×	49.45%

Period	Price to free cash flow	Change
Sep 2026	12.1×	(8.84%)
Jun 2026	13.2×	21.97%
Mar 2026	10.8×	(23.08%)
Dec 2025	14.1×	(18.34%)
43 more quarters	Free account

Against its own ten years

Low 5.1× High 56.4×

Ten-year median 15.0×

Current reading's percentile 31

Company	Price to free cash flow
GGAL Grupo Financiero Galicia S.A. compare	0.7×
CVBF CVB Financial Corporation compare	7.0×
CATY Cathay General Bancorp compare	8.0×
FBP First BanCorp. compare	8.9×
IBOC International Bancshares Corporation compare	9.1×
INDB Independent Bank Corp.	13.1×
WSFS WSFS Financial Corporation compare	14.1×
BANF BancFirst Corporation compare	15.7×
FLG Flagstar Bank, National Association compare	64.2×
Banks Regional industry median	10.6×
Financial sector median	9.7×
Market median	14.1×

What Price to free cash flow is

Price to Free Cash Flow Ratio shows how much investors pay for each dollar of cash a company generates after its capital spending.

Stock Price ÷ ((Operating Cash Flow (TTM) + Property, Plant, Equipment Change (Net) (TTM) + Intangible Assets Change (Net) (TTM)) ÷ (Shares (Basic, Weighted) (latest quarter)))

The full definition of Price to free cash flow →

Independent Bank Corp. (INDB) Price to free cash flow

Price to free cash flow, daily

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Against its own ten years

Price to free cash flow against peers

What Price to free cash flow is

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Price to free cash flow, daily

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Price to free cash flow against peers

What Price to free cash flow is

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