INDB

Independent Bank Corp.

Financial Services · $3.8B market cap

Share price

$80.06

close of Oct 3, 2026

Fair value

$65.55

Sticker Price

Payback Price

$26.22

buy price

Overpriced

INDB is Overpriced: at $80.06 it trades 22% above its fair value of $65.55. Its buy price (Payback Price) is $26.22, 67% below today's price. Business quality is solid: 3 of 5 key numbers clear the 10% bar.

How we valued it

Justified P/B (Financials). A bank or insurer. These are best valued on their book value and how much they earn on it.

Business quality

3 of 5 clear the 10% bar. What are the Big Five?

Earnings per share growth13.0% a year✓

Equity per share growth8.8% a year✗

Sales growth10.1% a year✓

Free cash flow growth13.3% a year✓

Return on invested capital3.6%✗

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Insider activity

Since Aug 3, 2026: no open-market purchases, 2 sales worth $761K and 1 other filing (stock awards, tax withholding and similar). Why purchases matter

Sales

Venables Thomas R

director · 2026-08-25

Sold

$311K

Nadeau Gerard F

director · 2026-08-03

Sold

$449K

Other filings

MISKELL EILEEN C

director · 2026-08-28

G-Gift

842 shares

About Independent Bank Corp.

Independent Bank Corp. functions as the parent company for Rockland Trust Company, delivering a wide array of commercial banking products and services. Its clientele primarily consists of private individuals and small to mid-sized businesses, largely within Massachusetts. The institution offers diverse deposit options, including interest-bearing checking, money market, and savings accounts, in addition to demand…

Banks - Regional