# Independent Bank Corp. (INDB) fundamentals

Data as of 2026-09-08. NASDAQ, United States. Sector: Financial Services / Banks. Price $83.90, market value $4.0 billion.

## Valuation
- **P/E (trailing): 15.2×** (5-yr avg 14.8×, 3-yr avg 13.6×). Independent Bank Corp. trades at 15.2× trailing earnings, close to its own five-year average of 14.8×. The Financial Services median in the September 2026 study was 13.1×. Forward P/E is 10.1×, lower than trailing, so analysts expect earnings to grow.
- **Price / book: 1.1×**. The shares trade at 1.1× book value; book value is a meaningful part of the valuation.
- **Free-cash-flow yield: 7.6%** (5-yr avg 8.7%). Free cash flow equals 7.6% of the market value, in line with its five-year average of 8.7%. Above 5% is generally attractive.
- **Earnings yield: 6.6%**. The inverse of the P/E: 6.6% of the price is earned each year.

## Profitability
- **Return on equity: 5.8%**. 5.8% on shareholders' equity is weak; the business earns little on the capital its owners have in it.

## Growth
- **EPS growth (1 yr): -1.8%** (3-yr -7.9%/yr, 5-yr 4.1%/yr). Earnings per share fell 1.8%.
- **Free-cash-flow growth (3 yr): -15.7%/yr**. Free cash flow has compounded at -15.7% a year over three years, lagging earnings: check whether profits are turning into cash.

## Financial health
- **Piotroski F-score: 3/9**. 3 of 9 checks pass: weak or deteriorating financials.

## Dividends
- **Dividend yield: 3.05%** ($2.46 per share, trailing). Independent Bank Corp. yields 3.05%, a modest yield more typical of a growth-oriented payer.
- **Payout ratio: 51%** (38% of free cash flow). 51% of earnings goes out as dividends, leaving room to keep raising it.
- **Consecutive years of increases: 7**. 7 straight years of increases.
- **Dividend growth (5 yr): 5.1%/yr** (1-yr 3.5%). The dividend has grown 5.1% a year over five years.

## Price and momentum
- **Total return (1 yr): 20.3%** (YTD 16.7%, 3-mo 6.2%). The shares are up 20.3% over twelve months including dividends.
- **From 52-week high: -4.1%** (32.5% above the low). Trading within 5% of its 52-week high.
- **200-day average: above**. The price sits above its 200-day moving average, the usual definition of an uptrend.
- **RSI (14-day): 53**. An RSI of 53 is neutral.
- **Beta (1 yr): 0.70** (volatility 24%). Beta of 0.70 against the S&P 500: the shares move roughly with the market.

Live score and charts: https://foliofundamentals.com/analyzer?s=INDB · Page: https://foliofundamentals.com/stocks/indb

Not investment advice.