Independent Bank Corp. (INDB)
Company Info
Highlights
$2.97B
$4.52
15.44
11.00
$730.14M
$666.76M
$215.14M
$43.78 - $76.55
$78.25
3.25%
3.93
Share Price Chart
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Compare to other instruments
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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Independent Bank Corp., comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
Independent Bank Corp. had a return of 8.29% year-to-date (YTD) and 36.66% in the last 12 months. Over the past 10 years, Independent Bank Corp. had an annualized return of 8.11%, while the S&P 500 had an annualized return of 11.26%, indicating that Independent Bank Corp. did not perform as well as the benchmark.
INDB
8.29%
1.92%
19.68%
36.66%
1.38%
8.11%
^GSPC (Benchmark)
4.01%
1.13%
9.82%
22.80%
12.93%
11.26%
Monthly Returns
The table below presents the monthly returns of INDB, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | 4.63% | 8.29% | |||||||||||
| 2024 | -14.77% | -6.99% | 0.80% | -3.42% | 1.09% | -0.14% | 27.92% | -1.31% | -5.68% | 6.38% | 15.09% | -10.54% | 1.60% |
| 2023 | -5.61% | -0.01% | -16.95% | -14.66% | -21.18% | 2.06% | 35.36% | -10.34% | -8.09% | -0.59% | 16.84% | 16.39% | -18.86% |
| 2022 | 3.46% | 1.97% | -4.44% | -5.55% | 7.96% | -4.03% | 5.50% | -6.65% | -4.11% | 16.74% | 4.03% | -6.12% | 6.25% |
| 2021 | 2.79% | 13.89% | -0.99% | -2.72% | -0.35% | -6.92% | -6.38% | 8.52% | -0.07% | 10.97% | -6.44% | 3.75% | 14.36% |
| 2020 | -13.27% | -6.47% | -4.00% | 13.24% | -4.69% | -2.73% | -3.83% | -2.59% | -15.89% | 9.37% | 18.07% | 8.66% | -9.62% |
| 2019 | 13.47% | 6.71% | -4.30% | -0.96% | -13.56% | 10.45% | 2.11% | -13.05% | 11.07% | 9.95% | 2.58% | -0.61% | 21.11% |
| 2018 | 2.15% | -2.73% | 3.64% | 1.05% | 8.37% | 0.54% | 12.76% | 3.05% | -8.91% | -5.02% | 2.45% | -12.04% | 2.71% |
| 2017 | -11.50% | 4.25% | 0.53% | -2.62% | -4.50% | 10.81% | 7.05% | -2.87% | 8.67% | -3.42% | 0.83% | -3.50% | 1.51% |
| 2016 | -1.74% | -5.49% | 7.05% | 2.33% | 4.81% | -6.69% | 9.87% | 5.52% | 2.66% | 1.96% | 18.04% | 8.66% | 54.83% |
| 2015 | -11.63% | 10.55% | 5.54% | -4.90% | 8.13% | 4.51% | 3.13% | -6.35% | 2.38% | 1.39% | 10.70% | -9.59% | 11.16% |
| 2014 | -7.57% | 1.74% | 7.66% | -5.71% | -2.48% | 6.69% | -4.87% | 0.82% | -2.32% | 14.22% | -2.87% | 8.64% | 12.16% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
With an overall rank of 75, INDB is among the top 25% of stocks on our website when it comes to balancing risk and reward. Below is a breakdown of how it compares using common performance measures.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Independent Bank Corp. (INDB) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Independent Bank Corp. provided a 3.28% dividend yield over the last twelve months, with an annual payout of $2.28 per share. The company has been increasing its dividends for 6 consecutive years.
| Period | TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $2.28 | $2.28 | $2.20 | $2.08 | $1.92 | $1.84 | $1.76 | $1.52 | $1.60 | $1.16 | $1.04 | $0.96 |
Dividend yield | 3.28% | 3.55% | 3.34% | 2.46% | 2.35% | 2.52% | 2.11% | 2.16% | 2.29% | 1.65% | 2.24% | 2.24% |
Monthly Dividends
The table displays the monthly dividend distributions for Independent Bank Corp.. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | $0.00 | $0.00 | $0.00 | ||||||||||
| 2024 | $0.00 | $0.00 | $0.57 | $0.00 | $0.00 | $0.00 | $0.57 | $0.00 | $0.57 | $0.00 | $0.00 | $0.57 | $2.28 |
| 2023 | $0.00 | $0.00 | $0.55 | $0.00 | $0.00 | $0.55 | $0.00 | $0.00 | $0.55 | $0.00 | $0.00 | $0.55 | $2.20 |
| 2022 | $0.00 | $0.00 | $0.51 | $0.00 | $0.00 | $0.51 | $0.00 | $0.00 | $0.51 | $0.00 | $0.00 | $0.55 | $2.08 |
| 2021 | $0.00 | $0.00 | $0.48 | $0.00 | $0.00 | $0.48 | $0.00 | $0.00 | $0.48 | $0.00 | $0.00 | $0.48 | $1.92 |
| 2020 | $0.00 | $0.00 | $0.46 | $0.00 | $0.00 | $0.46 | $0.00 | $0.00 | $0.46 | $0.00 | $0.00 | $0.46 | $1.84 |
| 2019 | $0.00 | $0.00 | $0.44 | $0.00 | $0.00 | $0.44 | $0.00 | $0.00 | $0.44 | $0.00 | $0.00 | $0.44 | $1.76 |
| 2018 | $0.00 | $0.00 | $0.38 | $0.00 | $0.00 | $0.38 | $0.00 | $0.00 | $0.38 | $0.00 | $0.00 | $0.38 | $1.52 |
| 2017 | $0.00 | $0.00 | $0.32 | $0.00 | $0.00 | $0.32 | $0.00 | $0.00 | $0.64 | $0.00 | $0.00 | $0.32 | $1.60 |
| 2016 | $0.00 | $0.00 | $0.29 | $0.00 | $0.00 | $0.29 | $0.00 | $0.00 | $0.29 | $0.00 | $0.00 | $0.29 | $1.16 |
| 2015 | $0.00 | $0.00 | $0.26 | $0.00 | $0.00 | $0.26 | $0.00 | $0.00 | $0.26 | $0.00 | $0.00 | $0.26 | $1.04 |
| 2014 | $0.24 | $0.00 | $0.00 | $0.24 | $0.00 | $0.00 | $0.24 | $0.00 | $0.00 | $0.24 | $0.96 |
Dividend Yield & Payout
Dividend Yield
Payout Ratio
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
Worst Drawdowns
The table below displays the maximum drawdowns of the Independent Bank Corp.. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Independent Bank Corp. was 85.72%, occurring on Jun 28, 1991. Recovery took 813 trading sessions.
The current Independent Bank Corp. drawdown is 19.66%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -85.72% | Apr 3, 1990 | 198 | Jun 28, 1991 | 813 | Apr 18, 1995 | 1011 |
| -68.86% | Dec 28, 2006 | 551 | Mar 9, 2009 | 975 | Jan 22, 2013 | 1526 |
| -53.64% | Jun 2, 1998 | 448 | Mar 13, 2000 | 329 | Jul 2, 2001 | 777 |
| -52.55% | Mar 15, 2021 | 558 | May 31, 2023 | — | — | — |
| -42.94% | Sep 10, 2018 | 514 | Sep 23, 2020 | 105 | Feb 24, 2021 | 619 |
Volatility
Volatility Chart
The current Independent Bank Corp. volatility is 6.33%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.
Financials
Financial Performance
Valuation
The Valuation section provides an assessment of the market value of Independent Bank Corp. compared to its peers in the Banks - Regional industry.
PE Ratio
The chart displays the price to earnings (P/E) ratio for INDB in comparison to other companies of the Banks - Regional industry. Currently, INDB has a PE value of 15.4. This PE ratio falls in the average range for the industry.PEG Ratio
The chart displays the price to earnings to growth (PEG) ratio for INDB in comparison to other companies of the Banks - Regional industry. Currently, INDB has a PEG value of 11.0. This PEG ratio is much higher than those of other companies of the industry. This might be an indicator of the company being overvalued.Historical P/E Ratio Chart
The chart below displays the historical trend of the price-to-earnings (P/E) ratio for Independent Bank Corp..
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Income Statement
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EBIT | — |
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Net Income | — |
Income Tax Expense | — |
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Discontinued Operations | — |
Effect Of Accounting Charges | — |
Non Recurring | — |
Minority Interest | — |
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Interest Income | — |
Interest Expense | — |
Net Interest Income | — |