US · INDB
Independent Bank Corp.
- Sector
- Financial Services · Banks - Regional
- Headquarters
- Rockland, MA 02370
- Website
- rocklandtrust.com
Price · as of 2025-12-31
$77.45
Market cap 3.87B
Valuation summary
Four models, one snapshot. Upside is target ÷ current − 1.
| Valuation method | Value, $ | Upside, % |
|---|---|---|
| Artificial Intelligence(AI) | $38.31 | -50.54% |
| Intrinsic Value(DCF) | $108.36 | +39.91% |
| Graham-Dodd Method(GD) | $39.27 | -49.29% |
| Graham Formula(GF) | $112.28 | +44.97% |
Valuation history
Annual price (USD per share) overlaid with each model's fair value. Y-axis is log scale.
| Year | Price | AI | DCF | Graham-Dodd | Graham Formula |
|---|---|---|---|---|---|
| 2011 | $18.67 | $30.95 | $19.35 | $15.20 | $14.00 |
| 2012 | $22.44 | $33.78 | $22.10 | $11.69 | $23.77 |
| 2013 | $27.43 | $27.11 | $23.93 | $19.36 | $29.45 |
| 2014 | $31.70 | $40.69 | $25.58 | $18.10 | $34.73 |
| 2015 | $35.38 | $31.56 | $28.53 | $19.41 | $38.16 |
| 2016 | $49.53 | $36.46 | $31.84 | $21.99 | $40.26 |
| 2017 | $58.75 | $40.66 | $34.08 | $23.35 | $54.70 |
| 2018 | $64.76 | $46.47 | $38.25 | $29.83 | $101.61 |
| 2019 | $53.16 | $45.29 | $59.64 | $37.45 | $209.47 |
| 2020 | $83.56 | $41.62 | $47.93 | $26.75 | $0.00 |
| 2021 | $73.36 | $35.50 | $82.49 | $48.67 | $33.52 |
| 2022 | $62.87 | $47.64 | $61.10 | $39.13 | $293.31 |
| 2023 | $48.06 | $40.95 | $65.08 | $37.06 | $156.07 |
| 2024 | $60.92 | $43.35 | $67.58 | $35.89 | $66.14 |
| 2025 | $79.91 | $38.31 | $60.33 | $39.27 | $112.28 |
AI valuation
Our deep-learning model estimates Independent Bank Corp.'s (INDB) per-share fair value from quarterly fundamentals, sector trend, and historical valuation patterns.
- AI fair value
- $38.31
- Current price
- $77.45
- AI upside
- -50.54%
Methodology and confidence bands appear in the dedicated valuation theory section. The AI score is an estimate, not a recommendation.
Intrinsic value (DCF)
Open DCF calculatorThree textbook valuation models, recomputed daily from the latest financial statements. The DCF uses our Chepakovich model. Graham-Dodd and Graham Formula are conservative reference points.
DCF
$108.36
+39.91% upside
Graham-Dodd
$39.27
-49.29% upside
Graham Formula
$112.28
+44.97% upside
Peer comparison
Same-industry comparables, ranked by market cap.
| Basic Info | Model Valuation | Core Valuation | Profitability | Leverage & Liquidity | Growth | Cash Flow | Dividends | Enterprise Value | Risk | ||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Ticker | Company Name | Price | Market Cap | AI Upside | DCF Upside | GD Upside | GF Upside | P/E | P/B | P/S | EV/EBITDA | PEG | P/TBV | Gross Margin | Operating Margin | Net Margin | ROE | ROIC | ROA | Debt/Equity | Interest Coverage | Current Ratio | Quick Ratio | Net Debt/EBITDA | EPS Growth | Sales Growth | FCF Growth | FCF Yield | Op Cash Flow Ratio | Cash ROIC | Dividend Yield | Dividend Payout | Shareholder Yield | EV/EBIT | EV/FCF | EV/Sales | Altman Z-Score |
| INDB | Independent Bank Corp. | $77.45 | 3.87B | -51% | +40% | -49% | +45% | 19.27 | 1.11 | 3.39 | 14.85 | — | 1.69 | 67.93% | 22.87% | 17.57% | 6.25% | 5.58% | 0.93% | 0.23 | 0.85 | 0.02 | 0.02 | 1.95 | -155.00% | 1982.00% | -3403.00% | 3.50% | 0.01 | 3.69% | 2.63% | 50.70% | 2.63% | 17.04 | 32.91 | 3.90 | -0.22 |
| ASB | Associated Banc-Corp | $26.41 | 4.38B | +11% | +9,936% | -14% | +164% | 9.29 | 0.88 | 1.78 | 4.47 | 3.26 | 1.14 | 58.29% | 23.50% | 19.31% | 9.86% | 17.69% | 1.07% | 0.84 | 0.59 | 0.30 | 0.30 | 6.22 | 28472.00% | 1683.00% | 924.00% | 13.33% | 0.03 | 21.79% | 3.81% | 35.40% | 4.47% | 4.47 | 4.42 | 1.05 | -0.12 |
| BBAR | Banco BBVA Argentina S.A. | $14.99 | 3.06B | -7% | +89,881% | -26% | — | 11.56 | 1.98 | 0.98 | 0.55 | — | 2.04 | 65.86% | 8.48% | 6.93% | 15.71% | -24.39% | 3.15% | 0.14 | 0.25 | 0.67 | 0.66 | -4.75 | -142.00% | -3112.00% | -105467.00% | -104.67% | -0.52 | 356.76% | 1.78% | 20.50% | 4.25% | 0.64 | -0.05 | 0.05 | 0.40 |
| CATY | Cathay General Bancorp | $49.71 | 3.38B | -34% | -18% | -32% | +12% | 10.94 | 1.10 | 2.25 | 4.92 | — | 1.27 | 49.78% | 22.83% | 20.56% | 10.25% | 24.08% | 1.24% | 0.08 | 0.48 | 0.09 | 0.09 | 0.21 | -1872.00% | 611.00% | -1464.00% | 10.41% | 0.02 | 27.40% | 3.13% | 34.30% | 20.72% | 5.18 | 5.05 | 1.18 | -0.57 |
| EBC | Eastern Bankshares, Inc. | $19.56 | 4.4B | +184% | +1,000% | -42% | +223% | 23.84 | 0.79 | 2.66 | -10.99 | — | 1.11 | 62.03% | 14.55% | 11.17% | 3.63% | -6.92% | 0.51% | 0.01 | 0.46 | 0.25 | 0.24 | -4.95 | -5385.00% | 9164.00% | 660.00% | 9.48% | 0.01 | -15.64% | 2.90% | 69.00% | 14.68% | -13.69 | -7.89 | -1.99 | -0.50 |
| FIBK | First Interstate BancSyst… | $34.61 | 3.56B | -43% | -8% | -76% | — | 11.94 | 1.05 | 3.41 | -9.20 | 34.88 | 1.59 | 97.47% | 37.01% | 28.55% | 8.95% | 62.64% | 1.08% | 0.23 | — | 0.66 | 0.66 | 1.07 | 3425.00% | -2852.00% | 431.00% | 9.60% | 0.03 | 71.80% | 5.38% | 64.30% | 38.49% | -9.20 | -10.41 | -3.41 | 0.06 |
| FULT | Fulton Financial Corporat… | $20.45 | 3.68B | +85% | -6% | -11% | +35% | 9.78 | 1.10 | 2.02 | 7.45 | 30.10 | 1.33 | 67.42% | 25.68% | 20.71% | 11.71% | 15.02% | 1.22% | 0.37 | 0.84 | 0.05 | 0.05 | 1.94 | 3248.00% | 503.00% | -2400.00% | 7.43% | 0.01 | 10.91% | 3.69% | 36.10% | 5.41% | 8.12 | 13.87 | 2.09 | -0.76 |
| RNST | Renasant Corporation | $37.65 | 3.58B | -32% | +73% | -17% | +88% | 10.27 | 0.75 | 1.93 | 2.25 | 38.39 | 1.25 | 62.92% | 23.60% | 18.83% | 7.86% | 15.01% | 1.10% | 0.20 | 0.65 | 0.14 | 0.14 | -2.00 | 2674.00% | 1410.00% | -878.00% | 5.77% | 0.01 | 8.89% | 2.68% | 27.50% | 27.04% | 2.54 | 5.38 | 0.60 | -0.58 |
| UCB | United Community Banks, I… | $32.17 | 3.85B | +4% | -2% | -37% | -1% | 12.06 | 1.09 | 2.57 | 0.45 | 42.40 | 1.48 | 66.00% | 27.48% | 21.35% | 9.28% | -55.41% | 1.18% | 0.06 | 0.89 | 0.17 | 0.17 | 0.01 | 2843.00% | 382.00% | 3470.00% | 10.31% | 0.02 | -68.86% | 3.12% | 37.60% | 6.55% | 0.49 | 0.51 | 0.14 | -0.60 |
| WBS | Webster Financial Corpora… | $72.13 | 11.63B | -51% | -9% | -37% | +22% | 11.41 | 1.21 | 2.59 | -2.06 | 32.38 | 1.82 | 60.80% | 28.49% | 22.67% | 10.77% | 34.14% | 1.23% | 0.45 | 0.83 | 0.41 | 0.41 | 3.13 | 3524.00% | 613.00% | -3839.00% | 7.37% | 0.02 | 28.70% | 2.33% | 26.60% | 7.52% | -2.06 | -3.07 | -0.59 | -0.18 |
About Independent Bank Corp.
Independent Bank Corp. operates as the bank holding company for Rockland Trust Company that provides commercial banking products and services to individuals and small-to-medium sized businesses primarily in Massachusetts. The company accepts interest checking, money market, and savings accounts, as well as demand deposits and time certificates of deposit. It also offers commercial and industrial, commercial real estate and construction, small business, consumer real estate, and personal loans. In addition, the company provides investment management and trust services to individuals, institutions, small businesses, and charitable institutions; Internet and mobile banking services, as well as estate settlement, financial planning, tax services, and other services; automated teller machine and debit cards; and mutual fund and unit investment trust shares, general securities, fixed and variable annuities, and life insurance products. As of December 31, 2021, it operates one hundred nineteen retail branches, two limited-service retail branches, and one mobile branch located within Barnstable, Bristol, Dukes, Essex, Middlesex, Nantucket, Norfolk, Plymouth, Suffolk, and Worcester counties in Eastern Massachusetts. The company was founded in 1907 and is headquartered in Rockland, Massachusetts.
- CEO
- Jeffrey J. Tengel
- Employees
- 1.84K
- Beta
- 0.80
Disclaimer: Information on this page is provided for educational purposes only and does not constitute investment advice. Upside computed as ($108.36 ÷ $77.45) − 1 = +39.91% (DCF, example).