Independent Bank Corp (INDB)
Operating cash flow minus capital spending left $239M of free cash flow in fiscal 2025. At September 30, 2026 it held $659.4M in cash against $627.2M of debt. Its latest periodic report to the SEC is the quarterly report (10-Q) filed on November 9, 2026.
Key facts about Independent Bank Corp
- Net worth
- Independent Bank Corp has a market value (market cap) of $4B at the latest share price, and shareholders' equity of $3.5B on its balance sheet at September 30, 2026. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.
- Cash flow
- In fiscal 2025 operations brought in $251.2M of cash; after $12.1M of capital spending, free cash flow was $239M.
- Latest report
- The latest periodic report (quarterly report, 10-Q) was filed with the SEC on November 9, 2026 and covers the period to September 30, 2026. Open on SEC EDGAR
- Next earnings report
- Independent Bank Corp's next report is expected around January 21, 2027. That is an estimate from its filing rhythm, not a date the company has announced.
- Dividend
- Independent Bank Corp declared dividends of $2.36 per share in fiscal 2025, a yield of 2.77% at the current price.
What Independent Bank Corp does
Independent Bank Corp is registered with the SEC under industry code SIC 6022 (State Commercial Banks). Its shares trade on NASDAQ under the ticker INDB.
Revenue and profit by year
Key figures
| Fiscal year | Revenue | Net income | Diluted EPS | Free cash flow |
|---|---|---|---|---|
| 2025 | n/a | $205.1M | $4.44 | $239M |
| 2024 | n/a | $192.1M | $4.52 | $209.5M |
| 2023 | n/a | $239.5M | $5.42 | $261.2M |
| 2022 | n/a | $263.8M | $5.69 | $399.1M |
| 2021 | n/a | $121M | $3.47 | $165M |
| 2020 | n/a | $121.2M | $3.64 | $52.1M |
Earnings: every quarter and the next report date
Full financial statements: income, balance sheet and cash flow
Dividends
Independent Bank Corp declared $2.36 per share in fiscal 2025. At the current price that is a yield of 2.77%. It paid out $103.9M in cash dividends, 51% of its net income.
| Fiscal year | Per share | Paid out | Of profit |
|---|---|---|---|
| 2025 | $2.36 | $103.9M | 51% |
| 2024 | $2.28 | $96.2M | 50% |
| 2023 | $2.20 | $98M | 41% |
| 2022 | $2.08 | $93.7M | 36% |
| 2021 | n/a | $62.7M | 52% |
| 2020 | n/a | $60.8M | 50% |
Latest SEC filings
What Independent Bank Corp has filed recently, newest first. Each links to the original document on SEC EDGAR.
- November 9, 2026
- November 2, 2026
- October 23, 2026
- October 15, 2026
- September 17, 2026Other event 8-K
- September 8, 2026
- August 6, 2026
- July 27, 2026
- July 16, 2026
- June 25, 2026
Insider trades
What the people running Independent Bank Corp did with its shares, from the Form 4 filings they must send the SEC within two business days.
Insiders sold $311.2K worth of shares in the last 90 days and bought none on the open market.
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| August 28, 2026 | Miskell Eileen CDirector | Gave as a gift | 842 | - |
| August 25, 2026 | Venables Thomas RDirector | Sold | 3,750 | $311.2K |
| August 3, 2026 | Nadeau Gerard FDirector | Sold | 5,307 | $449.5K |
| May 19, 2026 | Miskell Eileen CDirector | Received as pay | 842 | - |
| May 19, 2026 | Morrissey John JDirector | Received as pay | 842 | - |
| May 19, 2026 | Ansin Ken SDirector | Received as pay | 842 | - |
| May 19, 2026 | Venables Thomas RDirector | Received as pay | 842 | - |
| May 19, 2026 | OBrien Daniel FDirector | Received as pay | 842 | - |
Who owns INDB
Three views from three kinds of SEC filings, each with its own date. They overlap and are not added up.
5% holders
| Holder | Of class | Filed |
|---|---|---|
| Vanguard Portfolio Management13G, passive | 6.86% | April 29, 2026 |
| Vanguard Capital Management13G, passive | 5.31% | April 30, 2026 |
Largest institutional holders
Insiders
23 insiders reported holding 472,414 shares in total, about $40.3M at the last price.
| Holder | Shares |
|---|---|
| Ansin Ken SDirector | 177,041171,104 held indirectly |
| Tengel Jeffrey JChief Executive Officer, Director | 47,776 |
| Ruggiero Mark JCFO & EVP Consumer Lending | 27,465 |
| OBrien Daniel FDirector | 23,712 |
| Lerner Joseph CDirector | 19,047 |
| Venables Thomas RDirector | 17,649 |
| Nadeau Gerard FDirector | 16,907 |
| Harris Maria SChief Human Resources Officer | 16,627 |
| Rizzo James T.Chief Commercial Banking Off. | 14,973 |
| Abelli Donna LDirector | 14,155 |
Questions about INDB
What does Independent Bank Corp do?
Independent Bank Corp is a company in the Finance sector, listed on NASDAQ as INDB. Its shares trade on NASDAQ under the ticker INDB.
What is Independent Bank Corp's net worth?
Independent Bank Corp has a market value (market cap) of $4B at the latest share price, and shareholders' equity of $3.5B on its balance sheet at September 30, 2026. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.
Is Independent Bank Corp profitable?
Yes. Over the twelve months to September 30, 2026 it reported net income of $326.8M.
When did Independent Bank Corp last report?
Its most recent periodic report is the quarterly report (10-Q) filed on November 9, 2026. It covers the period to September 30, 2026.
When is Independent Bank Corp's next earnings report?
Independent Bank Corp's next report is expected around January 21, 2027. That is an estimate from its filing rhythm, not a date the company has announced.
Does Independent Bank Corp pay a dividend?
Yes. Independent Bank Corp declared dividends of $2.36 per share in fiscal 2025, a yield of 2.77% at the current price.
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Where the numbers come from
Financial figures are the values Independent Bank Corp tagged in its own SEC filings (XBRL), taken from the latest filing for each period, so restatements replace older figures. Revenue, profit and cash flow are for full fiscal years unless marked as the last twelve months, which is the sum of the four most recent quarters. Where a company reports only the full year, the fourth quarter is the year minus the first three.
Prices are delayed end-of-day market data in the listing currency, and market cap moves with the price. P/E is shown only when earnings per share are positive. Nothing here is investment advice.