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Independent Bank Corp INDB Price / book

Price / book at other companies

Bank of AmericaBAC

1.2×+0.1×

Citizens Financial GroupCFG

1×+0.3×

Eastern Bankshares, Inc.EBC

1×+0.1×

International BancsharesIBOC

1.3×-0.1×

Community Financial SystemCBU

1.5×-0.1×

ServisFirst BancsharesSFBS

2.1×-0.6×

Other financials

Income statement

Revenue$252.7M+41.9%

Net income$79.9M+79.9%

EPS (diluted)$1.63+56.7%

Balance sheet

Cash & equivalents$729.0M+1.7%

Total debt$776.3M-9.7%

Total equity$3.5B+16.8%

Total assets$24.8B+24.6%

Cash flow

Operating cash flow$117.2M+779%

CapEx$5.6M+176%

Free cash flow$111.6M+887%

Valuation

Market cap$3.91B+36.8%

Enterprise value$3.96B+31.6%

P/E16.3×+1.1×

P/S4.2×+0.1×

Profitability

Net margin25.8%-1.1pp

FCF margin36.4%+11.5pp

Returns & leverage

Return on equity7.3%+0.9pp

Debt / equity0.2×-0.1×

Where this comes from

Calculated from Independent Bank Corp’s reported figures.

market cap/total stockholders equity=1×

Based on the most recent quarter.

The official record: Independent Bank Corp’s 10-Q, filed May 6, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Independent Bank Corp's price / book?: Independent Bank Corp (INDB) reported price / book of 1× in Q1 2026.
How has Independent Bank Corp's price / book changed year-over-year?: Independent Bank Corp's price / book increased by 17.2% year-over-year, from 0.9× to 1×.
What is the long-term trend for Independent Bank Corp's price / book?: Over 5 years (2020 to 2025), Independent Bank Corp's price / book has grown at a -12.9% compound annual growth rate (CAGR), from 2× to 1×.
What does price / book mean?: Market capitalization at the quarter end divided by shareholders' equity. The premium (or discount) the market assigns to the company's book equity.