INDB
Independent Bank Corp.
NasdaqGSUSDEQUITY
Financial Services
DELAYED
Neutral
+2/100
Last price
79.39
▼ 0.32 (0.40%)
MARKET · —
Price
Chart style
Interval
Intraday intervals only cover recent history. The site picks the finest interval the range allows.
Overlays
Session levels
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Both series are rebased to 0% at the left edge, so the lines show relative performance rather than price.
Tool
1D
—
H —
L —
Range —
Vol —
vs
Drag pan · Pinch zoom · Hold crosshair · pick a tool then drag to draw
Open
80.18
Prev close
79.71
Day high
80.62
Day low
79.20
Volume
355.30K
Market cap
$3.76B
P/E (TTM)
14.28
52W range
63.33 – 87.50
Day trading desk
Gap from prior close
+0.59%
Prior close 79.71
VWAP
79.53
-0.17% from price
Relative volume
1.72×
Unusually busy
Session range
1.79%
79.20 – 80.61
Position in range
13%
Near session low
ATR (14D)
1.53
1.93% of price
Prior day high
80.27
PDH
Prior day low
78.91
PDL
Bid / ask spread
—
Quote not published
Session volume
610.44K
Avg 355.60K
VWAP and the session figures are computed from the delayed intraday series on this page, so they lag the live tape and will not match a broker's real-time VWAP exactly. Turn on Prior day H/L/C, Opening range and Volume profile in the chart's Studies menu to see these levels drawn on price.
Trailing performance
Returnvs SPY
1W
+1.57%
-0.4%
1M
-5.38%
-6.5%
3M
-3.50%
-8.0%
6M
+1.78%
-16.4%
YTD
+8.63%
-5.6%
1Y
+14.31%
-2.1%
3Y
+61.72%
-20.5%
5Y
—
—
Price return only. Dividends are not reinvested, so total return on a dividend payer will be higher than shown.
Unusual options activity
Nothing crossed the thresholds in the expiries we scanned.
That is the normal state — most contracts trade well inside their existing open interest.
That is the normal state — most contracts trade well inside their existing open interest.
Contracts trading at or above their open interest, ranked by notional and where the print landed.
Free account
5 more panels on INDB open with an account.
Options chains and analytics, valuation ratios, insider filings, analyst targets and ownership. No card, no trial, nothing to cancel.
Insider net activity
Net shares
+709
Net buying
Buy transactions
15
12.60K shares
Sell transactions
3
11.89K shares
Net transactions
+18
Buys less sells
Sell : buy shares
0.9 : 1
Mixed
Insider-held shares
780.64K
Total on file
Insider transactions
| Date | Insider | Action | Shares | Value | Held |
|---|---|---|---|---|---|
| Aug 28, 26 | MISKELL EILEEN C Director |
STOCK | 842 | $0 | Direct |
| Aug 25, 26 | VENABLES THOMAS R. Director |
SELL | 3.75K | $311.23K | Direct |
| Aug 3, 26 | NADEAU GERARD F Director |
SELL | 5.31K | $449.47K | Direct |
| May 19, 26 | ANSIN KENNETH S Director |
STOCK | 842 | $0 | Direct |
| May 19, 26 | MISKELL EILEEN C Director |
STOCK | 842 | $0 | Direct |
| May 19, 26 | VENABLES THOMAS R. Director |
STOCK | 842 | $0 | Direct |
| May 19, 26 | NADEAU GERARD F Director |
STOCK | 842 | $0 | Direct |
| May 19, 26 | ABELLI DONNA L Director |
STOCK | 842 | $0 | Direct |
| May 19, 26 | LERNER JOSEPH C. Director |
STOCK | 842 | $0 | Direct |
| May 19, 26 | O'LEARY LEIF Director |
STOCK | 842 | $0 | Direct |
| May 19, 26 | HOGAN MICHAEL P. Director |
STOCK | 842 | $0 | Direct |
| May 19, 26 | MORTON JAMES O'SHANNA Director |
STOCK | 842 | $0 | Direct |
| May 19, 26 | O'DAY SUSAN PERRY Director |
STOCK | 842 | $0 | Direct |
| May 19, 26 | PERRY DAWN Director |
STOCK | 842 | $0 | Direct |
What this is, and what it is not
These are SEC Form 4 filings — officers, directors and 10% owners reporting their own trades in the company's stock. Filing is due within two business days of the transaction, so this lags reality by days, and the provider adds its own lag on top.
A sale is not automatically bearish. Executives sell on scheduled 10b5-1 plans, to cover tax on vesting equity, and to diversify. Purchases with cash are generally the more informative signal, and they are far rarer.
This does not include congressional or senate trading. That comes from STOCK Act disclosures filed with the Senate eFD system and the House Clerk, which this data source does not carry.
Officer and director trades in their own stock, straight from Form 4 filings.
Insider holders
| Name | Relation | Shares held | Latest |
|---|---|---|---|
ANSIN KENNETH S |
Director | 283.22K | Stock Award(Grant) |
HARRIS MARIA S |
Officer | 16.63K | Stock Award(Grant) |
LERNER JOSEPH C. |
Director | 24.00K | Stock Award(Grant) |
NADEAU GERARD F |
Director | 17.46K | Sale |
O BRIEN DANIEL F |
Director | 23.71K | Stock Award(Grant) |
O'DAY SUSAN PERRY |
Director | 106.61K | Stock Award(Grant) |
RIZZO JAMES T. |
Officer | 14.97K | Stock Award(Grant) |
RUGGIERO MARK J |
Chief Financial Officer | 27.46K | Stock Award(Grant) |
TENGEL JEFFREY J |
Chief Executive Officer | 47.77K | Stock Award(Grant) |
VENABLES THOMAS R. |
Director | 17.65K | Sale |
Fundamentals
Market cap$3.76B
Enterprise value$3.49B
Revenue (TTM)$948.69M
Gross profit$948.69M
EBITDA—
Net income$271.35M
EPS (TTM)$5.56
Free cash flow—
Total cash$1.03B
Total debt$758.44M
Book value / share$73.76
Shares outstanding47.37M
Float46.77M
Short % of float6.28%
Dividend yield3.22%
Beta (5Y)0.80
Valuation & profitability ratios
Trailing P/E14.28
Forward P/E9.59
PEG ratio11.00
Price / sales—
Price / book1.08
EV / revenue3.68
EV / EBITDA—
Gross margin0.00%
Operating margin47.25%
Profit margin28.60%
Return on equity8.24%
Return on assets1.21%
Debt / equity—
Current ratio—
Fourteen ratios including P/E, PEG, EV/EBITDA, margins and return on equity.
Financial statements
| Line item | 2025 | 2024 | 2023 | 2022 | YoY |
|---|---|---|---|---|---|
| Total revenue | $849.03M | $683.11M | $722.13M | $720.25M | +24.3% |
| Operating revenue | $849.03M | $683.11M | $722.13M | $720.25M | +24.3% |
| Selling, general & admin | $300.00M | $244.54M | $234.09M | $211.66M | +22.7% |
| Pre-tax income | $262.17M | $247.13M | $315.13M | $347.75M | +6.1% |
| Tax provision | $57.05M | $55.05M | $75.63M | $83.94M | +3.6% |
| Net income | $205.12M | $192.08M | $239.50M | $263.81M | +6.8% |
| Net income to common | $205.12M | $192.08M | $239.50M | $263.81M | +6.8% |
| Basic EPS | 4.44 | 4.52 | 5.42 | 5.69 | -1.8% |
| Diluted EPS | 4.44 | 4.52 | 5.42 | 5.69 | -1.8% |
| Basic shares | 46.17M | 42.50M | 44.18M | 46.37M | +8.6% |
| Diluted shares | 46.19M | 42.51M | 44.19M | 46.39M | +8.7% |
| Line item | 2025 | 2024 | 2023 | 2022 | YoY |
|---|---|---|---|---|---|
| Cash & equivalents | $771.90M | $219.89M | $224.33M | $352.93M | +251.0% |
| Property, plant & equipment | $218.19M | $193.32M | $193.05M | $196.50M | +12.9% |
| Goodwill & intangibles | $1.22B | $997.36M | $1.00B | $1.01B | +22.7% |
| Total assets | $24.91B | $19.37B | $19.35B | $19.29B | +28.6% |
| Current debt | $49.95M | — | — | — | — |
| Long-term debt | $775.89M | $701.37M | $1.22B | $113.38M | +10.6% |
| Total debt | $825.85M | $701.37M | $1.22B | $113.38M | +17.7% |
| Total liabilities | $21.35B | $16.38B | $16.45B | $16.41B | +30.3% |
| Retained earnings | $1.27B | $1.17B | $1.08B | $934.44M | +8.2% |
| Shareholder equity | $3.57B | $2.99B | $2.90B | $2.89B | +19.1% |
| Net tangible assets | $2.34B | $2.00B | $1.89B | $1.88B | +17.3% |
| Shares issued | 49.24M | 42.50M | 42.95M | 45.64M | +15.9% |
| Line item | 2025 | 2024 | 2023 | 2022 | YoY |
|---|---|---|---|---|---|
| Net income | $205.12M | $192.08M | $239.50M | $263.81M | +6.8% |
| Depreciation & amortisation | $42.14M | $40.89M | $36.10M | $38.80M | +3.1% |
| Stock-based compensation | $8.98M | $6.52M | $6.38M | $4.46M | +37.7% |
| Change in working capital | -$26.36M | -$10.14M | -$1.68M | $141.74M | -160.1% |
| Operating cash flow | $251.16M | $229.92M | $276.99M | $421.20M | +9.2% |
| Capital expenditure | -$12.13M | -$20.43M | -$15.84M | -$22.07M | +40.6% |
| Investing cash flow | $5.05M | -$33.01M | -$211.65M | -$1.00B | +115.3% |
| Dividends paid | -$103.90M | -$96.20M | -$98.01M | -$93.73M | -8.0% |
| Financing cash flow | $295.80M | -$201.35M | -$193.95M | -$1.31B | +246.9% |
| Free cash flow | $239.03M | $209.49M | $261.15M | $399.13M | +14.1% |
| End cash position | $771.90M | $219.89M | $224.33M | $352.93M | +251.0% |
| Line item | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | YoY |
|---|---|---|---|---|---|---|
| Total revenue | $250.86M | $250.32M | $245.44M | $243.74M | $179.82M | +0.2% |
| Operating revenue | $250.86M | $250.32M | $245.44M | $243.74M | $179.82M | +0.2% |
| Selling, general & admin | $82.25M | $84.06M | $85.64M | $84.21M | $65.23M | -2.2% |
| Pre-tax income | $106.80M | $104.30M | $94.81M | $44.39M | $65.81M | +2.4% |
| Tax provision | $24.96M | $24.38M | $19.48M | $10.13M | $14.71M | +2.4% |
| Net income | $81.84M | $79.92M | $75.33M | $34.26M | $51.10M | +2.4% |
| Net income to common | $81.84M | $79.92M | $75.33M | $34.26M | $51.10M | +2.4% |
| Basic EPS | 1.70 | 1.63 | 1.52 | 0.69 | 1.20 | +4.3% |
| Diluted EPS | 1.70 | 1.63 | 1.52 | 0.69 | 1.20 | +4.3% |
| Basic shares | 48.05M | 48.97M | 49.45M | 49.93M | 42.62M | -1.9% |
| Diluted shares | 48.08M | 49.00M | 49.48M | 49.96M | 42.64M | -1.9% |
| Line item | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | YoY |
|---|---|---|---|---|---|---|
| Cash & equivalents | $1.00B | $728.98M | $771.90M | $910.80M | $901.23M | +37.3% |
| Property, plant & equipment | $217.88M | $217.69M | $218.19M | $221.16M | $188.88M | +0.1% |
| Goodwill & intangibles | $1.21B | $1.22B | $1.22B | $1.23B | $994.81M | -0.6% |
| Total assets | $24.97B | $24.78B | $24.91B | $24.99B | $20.05B | +0.8% |
| Current debt | $124.98M | $99.97M | $49.95M | — | — | +25.0% |
| Long-term debt | $576.48M | $676.29M | $775.89M | $775.38M | $759.43M | -14.8% |
| Total debt | $701.47M | $776.26M | $825.85M | $775.38M | $759.43M | -9.6% |
| Total liabilities | $21.46B | $21.24B | $21.35B | $21.45B | $16.97B | +1.0% |
| Retained earnings | $1.37B | $1.32B | $1.27B | $1.22B | $1.22B | +3.9% |
| Shareholder equity | $3.51B | $3.54B | $3.57B | $3.55B | $3.07B | -0.8% |
| Net tangible assets | $2.30B | $2.32B | $2.34B | $2.32B | $2.08B | -1.0% |
| Shares issued | 48.59M | 48.57M | 49.24M | 49.79M | 42.70M | +0.0% |
| Line item | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | YoY |
|---|---|---|---|---|---|---|
| Net income | $81.84M | $79.92M | $75.33M | $34.26M | $51.10M | +2.4% |
| Depreciation & amortisation | $10.18M | $10.21M | $9.89M | $12.80M | $9.16M | -0.3% |
| Stock-based compensation | $3.32M | $2.31M | $1.89M | $2.25M | $2.95M | +43.4% |
| Change in working capital | -$15.28M | $34.07M | $4.41M | -$23.26M | $44.90M | -144.9% |
| Operating cash flow | $73.40M | $117.22M | $78.94M | $52.16M | $106.72M | -37.4% |
| Capital expenditure | -$6.43M | -$5.60M | -$3.40M | -$2.48M | -$4.22M | -14.8% |
| Investing cash flow | $84.57M | $12.71M | -$32.87M | $72.52M | -$14.68M | +565.5% |
| Dividends paid | -$31.09M | -$29.05M | -$29.39M | -$25.15M | -$25.14M | -7.0% |
| Financing cash flow | $114.27M | -$172.85M | -$184.96M | -$115.12M | $92.35M | +166.1% |
| Free cash flow | $66.97M | $111.61M | $75.53M | $49.68M | $102.50M | -40.0% |
| End cash position | $1.00B | $728.98M | $771.90M | $910.80M | $901.23M | +37.3% |
Options analytics
Put / call volume
—
—
Put / call open interest
—
Positioning, not flow
Max pain
80.00
+0.8% from spot
ATM implied vol
1.6%
Nearest strike to spot
Skew (10% OTM)
-1.6%
Calls bid over puts
Call volume
0
Contracts, this expiry
Put volume
2
Contracts, this expiry
Heaviest call OI
80.00
0 contracts
Heaviest put OI
80.00
0 contracts
Max pain is the strike at which the largest dollar value of open contracts expires worthless. It describes current positioning; it is not a forecast and it moves as open interest changes.
Put/call ratios, max pain, implied volatility skew and where open interest is concentrated.
Earnings
Reported vs expected · EPS
| Quarter | Est. | Actual | Surprise |
|---|---|---|---|
| Jun 2026 | 1.78 | 1.70 | -4.8% |
| Mar 2026 | 1.66 | 1.68 | +0.9% |
| Dec 2025 | 1.65 | 1.70 | +2.8% |
| Sep 2025 | 1.54 | 1.55 | +1.0% |
Forward consensus
| Period | EPS | Analysts | Revenue | Growth |
|---|---|---|---|---|
| Current quarter | 1.85 | 7 | $261.37M | +7.2% |
| Next quarter | 1.94 | 6 | $265.48M | +4.6% |
| Current year | 7.17 | 7 | $1.03B | +20.6% |
| Next year | 8.28 | 7 | $1.09B | +5.2% |
Analyst targets & ownership
Mean target$93.43
High target$100.00
Low target$82.00
Implied upside17.68%
Analyst count7
ConsensusBUY
Strong buy / Buy1 / 4
Hold1
Sell / Strong sell0 / 1
Held by insiders1.65%
Held by institutions88.05%
Institutions holding466
Price targets, consensus spread, insider and institutional ownership.
Moving averages & technicals
SMA 10
79.47
-0.10% from price
SMA 20
80.91
-1.88% from price
SMA 50
82.70
-4.00% from price
SMA 100
82.29
-3.52% from price
SMA 200
80.18
-0.99% from price
EMA 12
79.90
-0.64% from price
EMA 26
80.94
-1.91% from price
EMA 50
81.76
-2.90% from price
RSI (14)
41.8
Neutral
MACD (12,26,9)
-1.03
Hist -0.06
ATR (14)
1.53
1.93% of price
Realised vol 30D
17.2%
Annualised
Bollinger upper
84.37
20, 2σ
Bollinger lower
77.45
20, 2σ
50 / 200 cross
Golden
82.70 vs 80.18
Trend bias
Below 200
-0.99%
Options chain
Calls
| Strike | Last | Bid | Ask | Vol | OI | IV |
|---|---|---|---|---|---|---|
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
Puts
| Strike | Last | Bid | Ask | Vol | OI | IV |
|---|---|---|---|---|---|---|
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
Every listed expiry, both sides of the book, with volume, open interest and implied volatility.
Risk profile
Beta vs SPY
0.62
Less volatile than market
Correlation to SPY
0.34
Loosely linked
Realised vol 30D
17.2%
Annualised
Market vol 1Y
13.0%
SPY, annualised
Max drawdown 1Y
-14.5%
Peak to trough
Max drawdown 5Y
-51.9%
Peak to trough
ATR 14
1.53
1.93% of price
Beta (reported)
0.80
5Y monthly, from filing
Short interest
Shares short
2.20M
Prior 1.92M
Change vs prior
+14.6%
Shorts adding
% of float
6.28%
Normal
% of shares out
4.65%
Against total outstanding
Days to cover
7.8
Crowded exit
Float
46.77M
Freely tradeable shares
Exchanges publish short interest twice a month with a settlement lag, so this is roughly two weeks behind. Days to cover divides shares short by average daily volume — it estimates how long covering would take, not whether it will happen.
Rating changes
| Date | Firm | Action | From | To |
|---|---|---|---|---|
| Jul 20, 26 | Keefe, Bruyette & Woods | MAINTAINED | Outperform | Outperform |
| Jun 26, 26 | Piper Sandler | MAINTAINED | Neutral | Neutral |
| May 15, 26 | Hovde Group | INITIATED | — | Outperform |
| Apr 20, 26 | Keefe, Bruyette & Woods | MAINTAINED | Outperform | Outperform |
| Apr 16, 26 | Stephens & Co. | INITIATED | — | Overweight |
| Apr 7, 26 | Barclays | MAINTAINED | Underweight | Underweight |
| Feb 2, 26 | Barclays | DOWNGRADE | Equal-Weight | Underweight |
| Dec 17, 25 | Barclays | INITIATED | — | Equal-Weight |
| Oct 21, 25 | Keefe, Bruyette & Woods | UPGRADE | Market Perform | Outperform |
| Apr 21, 25 | Keefe, Bruyette & Woods | MAINTAINED | Market Perform | Market Perform |
| Apr 21, 25 | Piper Sandler | MAINTAINED | Neutral | Neutral |
| Jan 21, 25 | Keefe, Bruyette & Woods | MAINTAINED | Market Perform | Market Perform |
Dividends & splits
Forward rate$2.56 / yr
Forward yield3.22%
5-year avg yield3.13%
Payout ratio44.09%
Ex-dividend dateSep 28, 2026
Next pay dateOct 9, 2026
Last split3:2
Split dateOct 1, 1987
SEC filings
Corporate Changes & Voting Matters
8-K · 2026-09-17
Corporate Changes & Voting Matters
8-K · 2026-09-08
Periodic Financial Reports
10-Q · 2026-08-06
Corporate Changes & Voting Matters
8-K · 2026-07-27
Corporate Changes & Voting Matters
8-K · 2026-07-16
Annual report of employee stock purchase
11-K · 2026-06-25
Corporate Changes & Voting Matters
8-K · 2026-06-18
Corporate Changes & Voting Matters
8-K · 2026-06-16
Headlines
Independent Bank Corp. Announces Schedule of Third Quarter 2026 Earnings Release and Conference Call
Business Wire · 1d ago
1 Cash-Heavy Stock Worth Investigating and 2 Facing Challenges
StockStory · 5d ago
Independent Bank Corporation Announces Date for Its Third Quarter 2026 Earnings Release
GlobeNewswire · 7d ago
The Clock Is Ticking on These 4 Dividend Stocks and Deadlines Are Just Days Away
24/7 Wall St. · 14d ago
Is Independent Bank (INDB) Undervalued As Its Dividend Keeps The Income Case Intact?
Simply Wall St. · 16d ago
2 Growth Stocks to Stash and 1 We Find Risky
StockStory · 18d ago
Independent Bank Corp. Announces Quarterly Dividend
Business Wire · 19d ago
1 Bank Stock Worth Your Attention and 2 We Turn Down
StockStory · 20d ago
PRIVATE STRATEGY · BY QUALIFICATION
The same data. A different seat.
The research you are reading is the input layer for a discretionary options program we run for a small number of qualified investors. Minimum $1,000,000.