INDB · Independent Bank Corp
Market Cap
$3.89B
Shares
47.37M
Price & Indicators
20d MA
50d MA
200d MA
Earnings
Filing
Insider
Congress
Investor day
Close$82.06
Open$82.66
Day$81.75–83.42
52W close$64.39–87.17
Avg vol 30d313K
Short int1.9M · 4.1% float · 7.4d
Short vol52%
Last earningsJul 17, 2026
DataJan 2020–Aug 2026
Filing10-Q · Aug 6
Up next
Next earnings call
Oct 16, 2026
Est · unconfirmed
· in 7 wks
FQ3-26 quarter ends
~Sep 30, 2026
Est
filed Aug 6, 2026
AI Brief
TL;DR.
Bullish
Bearish
From the call
AI-generated from the earnings call and 8-K · may contain errors · not investment advice
Equibles Rating
blended score · not investment adviceOverall
Buy
SellHoldBuy
Technical
Neutral
Momentum
Neutral
Sentiment
Neutral
Fundamentals
Fair
Quant / Vol
Very Low
Market backdrop
VIX 14.4 · calm
Equity put/call 0.62
Technical
price trend
50 / 200-day cross
No cross
Price vs 200-day avg
+4%
above
Price vs 50-day avg
−3%
below
RSI (14)
37
neutral
MACD trend
Negative
52-week position
78%
mid-range
Momentum
relative strength
1-month return
−2%
trailing
6-month return
+7%
trailing
YTD return
+12%
this year
Relative strength
−6%
vs S&P · 6-mo
Sentiment
smart money
Trend (MA cross)
No cross
50d $84 › 200d $79 — 50d above 200d
Institutional flow
Accumulating
+5% holders QoQ · +55 funds added
Insider flow
Distributing
Net -$760.7K over 90 days · 100% sells
Short interest
Rising
4.05% of float · ▲ +1.8% MoM · 7.4 days cover
Volume signal
Normal
Volume near normal
Institution breadth
Multi-yr high
352 holders — near 3-yr high, broad support
Squeeze score
65
elevated · 0–100
Fundamentals
EPS growth
−2%
Y/Y
Free cash flow
$239.0M
Valuation
P/E 14.8
rich
Buyback
$151.0M
remaining
Balance sheet
$53.9M
net debt
Quant / Vol
risk profile
Volatility
24%
annualized · 1-yr
Max drawdown
−14%
past year
ATR
1.8%
of price · 14-day
Blended from price, momentum, positioning, fundamentals & volatility · daily-close · not investment advice. Market backdrop is context, not part of the score.
Guidance & track record
Latest guidance
· from the 8-K filed Jul 16, 2026
Non-interest Expense (Core operating expenses)
· 2026
$553M – $557M
Prior guidance
period ended
· from the 8-K filed Oct 16, 2025
Non-interest Expense
· 2025 Q4
at least $2M
Guidance from company 8-Ks · delivered figures from as-reported statements · no analyst estimates involved.
Technicals
trend & momentum for long-term holders Neutral
50 / 200-day cross
No cross
Neutral
Price vs 200-day avg
+4%
Bullish
Price vs 50-day avg
−3%
Neutral
RSI (14)
37
Neutral
MACD trend
Negative
Bearish
52-week position
78%
Neutral
Market signals — smart money & positioning
Mixed
Trend (MA cross)
No cross
50d $84 › 200d $79 — 50d above 200d
Institutional flow
Accumulating
+5% holders QoQ · +55 funds added
Insider flow
Distributing
Net -$760.7K over 90 days · 100% sells
Short interest
Rising
4.05% of float · ▲ +1.8% MoM · 7.4 days cover
Volume signal
Normal
Volume near normal
Institution breadth
Multi-yr high
352 holders — near 3-yr high, broad support
Price context
position in its 52-week range
Range low $64
Now $82 · 78%
Range high $87
vs 200-day avg +4%
vs 50-day avg -3%
Illustrative technical + ownership context — a signal mix, not investment advice.
Key metrics
the company's own KPIs, from written earnings releases and filings| Metric | Latest | Period | YoY |
|---|---|---|---|
| Allowance for credit losses as a percent of total loans | 1.06% | Three months ended June 30, 2026 filing | — |
| Average Price per Share | $77.79 | Q2 2026 filing | — |
| Common equity tier 1 capital ratio | 12.81% | Three months ended June 30, 2026 filing | — |
| Non-performing loans as a percent of gross loans | 0.56% | Three months ended June 30, 2026 filing | — |
| Return on average assets | 1.34% | Three months ended June 30, 2026 filing | — |
|
|
|||
| Tier 1 leverage capital ratio | 10.2% | Three months ended June 30, 2026 filing | — |
| Tier 1 risk-based capital ratio | 12.81% | Three months ended June 30, 2026 filing | — |
| Total Repurchases | $75M | Q2 2026 filing | — |
| Total risk-based capital ratio | 15.71% | Three months ended June 30, 2026 filing | — |
| Adjusted margin non-GAAP | 3.76% | Q2 2026 | — |
|
|
|||
| Adjusted margin (Non-GAAP) non-GAAP | 3.76% | Q2 2026 | — |
GAAP → non-GAAP reconciliationGAAP Reported total interest earning assets $212.41M
-$4.44M Loan accretion
+$143K Nonaccrual interest, net
-$497K Other adjustments
= Adjusted margin (Non-GAAP) $207.62M
|
|||
| Adjusted net interest margin non-GAAP | 3.76% | Q2 2026 | — |
|
|
|||
| Allowance for credit losses on total loans | $195.9M | Q2 2026 | — |
|
|
|||
| Allowance for credit losses/nonperforming loans | 189.02% | June 30 2026 | — |
| Allowance for Credit Losses/Total Loans | 1.06% | Q2 2026 | — |
|
|
|||
| Approved Commercial Loan Pipeline | $510M | Q2 2026 | — |
| Assets under administration | $9.47B | Q2 2026 | — |
|
|
|||
| Book value per share GAAP | $73.76 | June 30 2026 | — |
| Core deposits as a percentage of total deposits | 84.1% | Q2 2026 | — |
| Cost of deposits | 1.36% | Q2 2026 | — |
|
|
|||
| CRE/Capital | 278% | Q2 2026 | — |
|
|
|||
| Criticized & Classified Loans | $545.6M | Q2 2026 | — |
|
|
|||
| Criticized & Classified Loans as a % of Total Commercial Loans | 3.86% | Q2 2026 | — |
| Delinquencies as a percentage of total loans | 0.43% | Q2 2026 | — |
|
|
|||
| Deposit balances | $20.4B | Q2 2026 | — |
| Diluted earnings per share, on an operating basis (Non-GAAP) non-GAAP | $1.7 | Three Months Ended June 30 2026 | — |
|
|
|||
| Efficiency ratio on an operating basis (Non-GAAP) non-GAAP | 55.37% | Q2 2026 | — |
| Loan balances | $18.4B | Q2 2026 | — |
| Net charge-offs | $0.9M | Q2 2026 | — |
|
|
|||
| Net charge-offs as a percentage of average loans annualized | 0.02% | Q2 2026 | — |
|
|
|||
| Net interest margin | 3.85% | Q2 2026 | — |
|
|
|||
| Nonperforming assets/total assets | 0.42% | June 30 2026 | — |
| Nonperforming loans | $103.6M | Q2 2026 | — |
|
|
|||
| Nonperforming loans/gross loans | 0.56% | June 30 2026 | — |
| NPL as % of Total Loans | 0.56% | Q2 2026 | — |
|
|
|||
| Operating net income non-GAAP | 81.84M | Three Months Ended June 30 2026 | — |
|
|
|||
| Operating noninterest expense (Non-GAAP) non-GAAP | $140.27M | Q2 2026 | — |
| Operating noninterest expense, excluding core conversion (Non-GAAP) non-GAAP | $138.13M | Q2 2026 | — |
| Operating ROACE non-GAAP | 9.24% | Q2 2026 | — |
| Operating ROATCE non-GAAP | 14.05% | Q2 2026 | — |
|
|
|||
| Pre-provision net revenue on an operating basis non-GAAP | 113.05M | Three Months Ended June 30 2026 | — |
|
|
|||
GAAP → non-GAAP reconciliationGAAP Pre-provision net revenue $113.05M
+$0K Add: merger and acquisition expenses
= Pre-provision net revenue on an operating basis $113.05M
|
|||
| Pre-provision net revenue return on average assets on an operating basis non-GAAP | 1.85% | Three Months Ended June 30 2026 | — |
|
|
|||
| Provision for credit losses | $6.3M | Q2 2026 | — |
|
|
|||
| Ratio of common equity to assets | 14.06% | Q2 2026 | — |
|
|
|||
| Ratio of tangible common equity to tangible assets non-GAAP | 9.69% | Q2 2026 | — |
|
|
|||
| Return on average assets on an operating basis (Non-GAAP) non-GAAP | 1.34% | Six Months Ended June 30 2026 | — |
|
|
|||
| Return on average common equity on an operating basis (Non-GAAP) non-GAAP | 9.26% | Six Months Ended June 30 2026 | — |
|
|
|||
| Shares repurchased | 964,000 | Q2 2026 | — |
|
|
|||
| Tangible book value per share non-GAAP | $48.34 | Q2 2026 | — |
|
|
|||
| Tangible common equity to tangible assets ratio (Non-GAAP) non-GAAP | 9.69% | Q2 2026 | — |
| Total cost of deposits | 1.36% | Q2 2026 | — |
|
|
|||
| Total criticized and classified commercial loans | $545.6M | Q2 2026 | — |
|
|
|||
| Total noninterest bearing demand deposits as a percentage of total deposits | 28% | Q2 2026 | — |
| Wealth AUA | 9.5B | Q2 2026 | — |
| Wealth management assets under administration | $9.5B | Q2 2026 | — |
| Allowance for credit losses on total loans as a percentage of total loans | 1.03% | first quarter of 2026 | — |
| Asset based revenue | 12.45M | Q1 2026 | — |
| Average tangible common equity non-GAAP | $2.37B | three months ended March 31, 2026 | — |
| Cost of total deposits | 1.36% | Three Months Ended March 31, 2026 | — |
| Cost of total funding liabilities | 1.52% | Three Months Ended March 31, 2026 | — |
| Efficiency ratio (GAAP) | 56.55% | Three Months Ended March 31, 2026 | — |
| Insurance commission revenue | 485K | Q1 2026 | — |
| Noninterest expense on an operating basis non-GAAP | $139.89M | three months ended March 31, 2026 | — |
|
|
|||
GAAP → non-GAAP reconciliationGAAP Noninterest expense 142.92M
-3.02M Merger and acquisition expense
= Noninterest expense on an operating basis 139.89M
|
|||
| Noninterest income as a % of total revenue (GAAP) | 15.93% | Three Months Ended March 31, 2026 | — |
| Nonperforming loans as a percentage of total loans | 0.52% | first quarter of 2026 | — |
| Operating return on average assets non-GAAP | 1.35% | Q1 2026 | — |
| Operating return on average common equity non-GAAP | 9.27% | Q1 2026 | — |
| Other advisory revenue | 398K | Q1 2026 | — |
| Retail commission revenue | 831K | Q1 2026 | — |
| Return on average common equity | 9.02% | Q1 2026 | — |
| Return on average tangible common equity non-GAAP | 13.67% | three months ended March 31, 2026 | — |
|
|
|||
| Return on average tangible common equity (Non-GAAP) non-GAAP | 13.67% | Three Months Ended March 31, 2026 | — |
| Total assets under administration | 9.2B | Q1 2026 | — |
| Total criticized and classified commercial loans as a percentage of total commercial loans | 4% | first quarter of 2026 | — |
| Total deposits | $20.1B | March 31, 2026 | — |
| Total loans | $18.43B | March 31, 2026 | — |
| Allowance for credit losses as percentage of total loans | 1.03% | the fourth quarter of 2025 | — |
| Book value per share | $72.41 | the fourth quarter of 2025 | — |
| Core deposits as percentage of total deposits | 83.7% | the fourth quarter of 2025 | — |
| Net charge-offs as percentage of average loans annualized | 0.12% | the fourth quarter of 2025 | — |
| Nonperforming loans as percentage of total loans | 0.45% | the fourth quarter of 2025 | — |
| Operating diluted EPS non-GAAP | $1.7 | the fourth quarter of 2025 | — |
| Operating Pre-Provision Net Revenue non-GAAP | 1.78% | Q4 2025 | — |
| Quarterly effective tax rate | 20.54% | the fourth quarter of 2025 | — |
| Securities yields | 2.96% | the fourth quarter of 2025 | — |
| Tangible common equity non-GAAP | $2.34B | December 31, 2025 | — |
GAAP → non-GAAP reconciliationGAAP Stockholders' equity (GAAP) $3.57B
-$1.22B Less: Goodwill and other intangibles
= Tangible common equity $2.34B
|
|||
| Total cost of funding | 1.6% | the fourth quarter of 2025 | — |
| Total loan yields | 5.74% | the fourth quarter of 2025 | — |
| Total noninterest bearing demand deposits as percentage of total deposits | 27.8% | the fourth quarter of 2025 | — |
Figures exactly as the company stated them in writing · click a metric with a to chart its history · period links open the stating document · "filing" marks figures stated in the 10-K/10-Q · YoY needs an exactly comparable prior-year period
Versus peers
Banks - Regional — same industry group| Company | Mkt cap | YTD | Rev growth Y/Y | P/E | Short % shares |
|---|---|---|---|---|---|
|
INDB
this stock
Independent Bank Corp
|
$3.89B | +12.3% | — | 14.8 | 4.1% |
|
MFG
Mizuho Financial Group Inc
|
$129.26B | +45.4% | — | — | 0.1% |
|
HDB
Hdfc Bank Ltd
|
$118.56B | -36.8% | +15.2% | — | 0.5% |
|
IBN
Icici Bank Ltd
|
$107.22B | +0.3% | — | — | 0.7% |
|
CIXPF
CaixaBank/ADR
|
$106.80B | +26.1% | — | — | 0.1% |
Peers by industry group · P/E from as-reported trailing EPS · short % is of shares outstanding
At a glance
key data from every sectionOwnership
Short & Settlement
Smart Money
Financials
Filings
Earnings & Events
Performance
| 5D | 20D | 120D | MTD | YTD | |
|---|---|---|---|---|---|
| INDB | -2.0% | -2.1% | +7.2% | -2.1% | +12.3% |
| SPY | +0.5% | +3.0% | +13.4% | +3.0% | +12.8% |
| vs SPY | -2.5% | -5.1% | -6.3% | -5.1% | -0.5% |
Capital returns
Latest dividend
$0.64
/ share · ex Jun 29, 2026
Paid (TTM)
$2.46
/ share · 4 payouts
Dividend yield (TTM, derived)
3.00%
Buyback program
· as of Jun 30, 2026
Authorized
$200.00M
Spent (derived)
$49.00M
Remaining
$151.00M
Spent
Remaining
Dividends per share over the trailing 365 days by ex-date · buyback figures as last reported in SEC filings ("spent" derived as authorized − remaining; when several programs run concurrently, authorized is their combined total per the newest filing) · components shown separately — trailing-year buyback spend isn't tracked, so no combined shareholder yield is derived.