Independent Bank Corp. Common Stock (INDB)

FairStock Score: 62/100 — STEADY

Key Financials

AI Analysis

AI-generated, general educational analysis — not personal investment advice.

Independent Bank Corp. is a $3.6B regional bank holding company for Rockland Trust, serving individuals and small-to-medium businesses with 2,294 employees. At the 2026-10-13 close of $76.76, FairStock calculations put it at 13.76 times earnings and 1.04 times book. That is not a bargain-bin price, but it is close to book value and below the 52-week high of $87.50. The 3.34% dividend yield and 0.80 beta suggest a modest, rate-sensitive bank. The filed numbers show why FairStock labels it a Lynch stalwart: profit grew 11.1% a year over five years. In fiscal Q2 2026 (quarter ended 2026-06-30), net income was $81.8M and diluted EPS $1.70, up from $51.1M and $1.20 in fiscal Q2 2025 (quarter ended 2025-06-30). Fiscal Q1 2026 net income was $79.9M and diluted EPS $1.63. But FY2025 net income was $205.1M and diluted EPS $4.44, above FY2024 net income of $192.1M but below FY2024 diluted EPS of $4.52, and well below FY2023 net income of $239.5M and diluted EPS $5.42. FairStock's ROE is 8.24%, respectable but not excellent, and its Piotroski F-Score is 5/9. I cannot verify credit quality because CET1, net interest margin, charge-offs, reserves, efficiency ratio, and combined ratio are not in the data. As a bank, leverage and underwriting matter more than free cash flow. At about book value, the price seems fair, perhaps mildly attractive if recent profit strength persists and credit stays clean. But I would want more evidence of durable ROE and capital strength before calling it a wonderful business.

In plain English: Independent Bank Corp. is the parent of Rockland Trust, a regional bank that serves people and small to medium-sized businesses. Its latest reported quarter showed much higher profit than a year earlier, and it pays a 3.3% dividend, but its returns on shareholder money are only moderate. At the recent close, the shares look closer to fair than expensive: they trade near the bank's accounting net worth and below their 52-week high.

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Data as of 2026-10-13 close · note generated 2026-10-15 · model deepseek-flash

Sources (SEC EDGAR): fiscal Q2 2026 10-Q (period ended 2026-06-30) · fiscal Q1 2026 10-Q (period ended 2026-03-31) · fiscal Q3 2025 10-Q (period ended 2025-09-30) · fiscal Q2 2025 10-Q (period ended 2025-06-30) · FY2025 10-K (period ended 2025-12-31) · FY2024 10-K (period ended 2024-12-31) · FY2023 10-K (period ended 2023-12-31)

Fundamentals from company filings and market-data providers; prices are end-of-day, not real-time. AI-generated analysis is general and educational — not personal investment advice. Scoring methodology · Score test · Disclaimer