Independent Bank Corp.

Independent Bank Corp.verified

INDB

Price:

$49.49

Market Cap:

$2.10B

Independent Bank Corp. operates as the bank holding company for Rockland Trust Company that provides commercial banking products and services to individuals and small-to-medium sized businesses primarily in Massachusetts. The company accepts interest checking, money market, and savings accounts, as well as demand deposits and time certificates of deposit. It also offers commercial and industrial, commercial real estate and construction, small business, consumer real estate, and personal loans. In addition, the company provides investment management and trust services to individuals, institutions, small businesses, and charitable institutions; Internet and mobile banking services, as well as ...[Read more]

Industry

Banks - Regional

IPO Date

1986-05-14

Stock Exchange

NASDAQ

Ticker

INDB

The PE Ratio as of July 2024 (TTM) for Independent Bank Corp. (INDB) is 9.55

According to Independent Bank Corp.’s latest financial reports and current stock price. The company's current PE Ratio is 9.55. This represents a change of -7.08% compared to the average of 10.28 of the last 4 quarters.

Independent Bank Corp. (INDB) Historical PE Ratio (quarterly & annually)

How has INDB PE Ratio performed in the past?

The mean historical PE Ratio of Independent Bank Corp. over the last ten years is 18.48. The current 9.55 PE Ratio has changed 5.07% with respect to the historical average. Over the past ten years (40 quarters), INDB's PE Ratio was at its highest in in the December 2021 quarter at 483.27. The PE Ratio was at its lowest in in the June 2023 quarter at 7.84.

Quarterly (TTM)
Annual

Average

18.48

Median

17.82

Minimum

12.14

Maximum

24.27

Independent Bank Corp. (INDB) PE Ratio by Quarter and Year

Discovering the peaks and valleys of Independent Bank Corp. PE Ratio, unveiling quarterly and yearly fluctuations to gain insights into the company’s financial performance and market dynamics, offering valuable data for investors and analysts alike.

Maximum Annual Increase = 30.89%

Maximum Annual PE Ratio = 24.27

Minimum Annual Increase = -36.84%

Minimum Annual PE Ratio = 12.14

Quarterly (TTM)
Annual
YearPE RatioChange
202312.14-18.20%
202214.84-36.84%
202123.5017.20%
202020.0521.24%
201916.543.67%
201815.95-27.04%
201721.86-9.92%
201624.2730.89%
201518.548.45%
201417.10-4.56%

Independent Bank Corp. (INDB) Average PE Ratio

How has INDB PE Ratio performed in the past?

The current PE Ratio of Independent Bank Corp. (INDB) is less than than its 3-year, less than than its 5-year, and less than than its 10-year historical averages

3-year avg

16.83

5-year avg

17.41

10-year avg

18.48

Independent Bank Corp. (INDB) PE Ratio vs. Peers

How is INDB’s PE Ratio compared to its peers?

Independent Bank Corp.’s PE Ratio is greater than Capitol Federal Financial, Inc. (-6.17), less than BankFinancial Corporation (15.24), greater than Business First Bancshares, Inc. (7.77), less than First Bancorp (11.32), less than Community West Bancshares (24.79), less than Heritage Financial Corporation (13.25), less than HMN Financial, Inc. (17.48), less than First Financial Northwest, Inc. (62.57), greater than Sierra Bancorp (9.11), greater than Finward Bancorp (6.89), less than First Community Corporation (11.43), greater than First Capital, Inc. (8.55), less than National Bank Holdings Corporation (11.25), less than HarborOne Bancorp, Inc. (28.44), less than Richmond Mutual Bancorporation, Inc. (13.09), less than Cambridge Bancorp (18.72), less than Berkshire Hills Bancorp, Inc. (44.78), greater than Eastern Bankshares, Inc. (5.60), less than Western New England Bancorp, Inc. (11.45), greater than Northeast Community Bancorp, Inc. (5.05), less than The First Bancshares, Inc. (10.06),

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