Pricing Log in Create free account
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/S ratio

Alert me on P/S ratio

As of 5 November 2026, Independent Bank Corp. (INDB) trades at a P/S ratio of 3.0×. Over the past ten years it has ranged from 2.1× (June 2024) to 7.1× (June 2022); the current reading is higher than 19% of that period. That is above the Banks Regional industry median of 2.4× and above the Financial sector median of 2.3×.

P/S ratio, daily

Embed this chart

Annual newest first

Period P/S ratio Change
FY2025 2.9× 3.58%
FY2024 2.8× (11.23%)
FY2023 3.1× (37.96%)
FY2022 5.1× (7.42%)
FY2021 5.5× 15.33%
FY2020 4.7× (2.61%)
FY2019 4.9× 3.21%
FY2018 4.7× (10.64%)
FY2017 5.3× (6.70%)
FY2016 5.6× 45.96%

Quarterly newest first

Period P/S ratio Change
Sep 2026 2.7× (9.55%)
Jun 2026 3.0× 2.76%
Mar 2026 2.9× 1.68%
Dec 2025 2.9× (9.86%)
43 more quarters

Against its own ten years

Low 2.1× High 7.1×
Ten-year median 4.3×
Current reading's percentile 21

P/S ratio against peers

Company P/S ratio
FLG Flagstar Bank, National Association compare 1.0×
GGAL Grupo Financiero Galicia S.A. compare 1.2×
WSFS WSFS Financial Corporation compare 2.9×
CATY Cathay General Bancorp compare 3.0×
INDB Independent Bank Corp. 3.0×
FBP First BanCorp. compare 3.1×
IBOC International Bancshares Corporation compare 3.9×
BANF BancFirst Corporation compare 4.9×
CVBF CVB Financial Corporation compare 5.1×
Banks Regional industry median 2.4×
Financial sector median 2.3×
Market median 1.9×

What P/S ratio is

Price to Sales Ratio shows how much investors pay for each dollar of a company’s annual sales, whether or not it is profitable.

(Stock Price × Shares (Basic, Weighted) (latest quarter)) ÷ Revenue (TTM)

The full definition of P/S ratio →

More on INDB