INDB vs STEP: Earnings, Dividends & Valuation

Independent Bank Corp. INDB | NASDAQ

$84.37 $0.00 | 0.00%

Dividend Safety RatingUnlock

Market Cap: $3.99 B

PE Ratio: 12.5

52-Week Range: $66.17 - $88.58

6.2-year Total Return: +85.3%

Dividend Yield (FWD): 3.03%

StepStone Group Inc. STEP | NASDAQ

$47.00 $0.00 | 0.00%

Dividend Safety RatingUnlock

Market Cap: $3.87 B

PE Ratio: -11.96

52-Week Range: $38.85 - $77.8

6.2-year Total Return: +117.2%

Dividend Yield (FWD): 2.81%

6.2-year Total Returns with DRIP & Price Chart for INDB and STEP

1Y 2Y 5Y 10Y All

6.2-yr Total Returns INDB vs STEP

	INDB	STEP
Initial Balance	$10,000	$10,000
Initial Price	$54.9	$25
Initial Shares	182.15	400

Total Dividends	$2,504	$2,416
Last Dividend	$0.64	$0.33
Estimated Divs	$141 / quarter	$153 / quarter
Yield-on-Cost	4.66%	5.28%
End Shares	219.63 (+37.48)	462.18 (+62.18)
Last Shares Price	$84.37	$47
Total End Value	$18,530	$21,722
Total Return	+85.3%	+117.2%
Comparison start date: Sep 16, 2020

INDB & STEP Dividend Charts

Dividend Payments & Yield - INDB

INDB Dividend CAGR:1Y: 8.47%2Y: 5.96%5Y: 5.92%10Y: 8.24%

Dividend Payments & Yield - STEP

STEP Dividend CAGR:1Y: 17.86%2Y: 17.26%5Y: 36.36%10Y: 32.89%

Dividend Payout Ratio - INDB

Dividend Payout Ratio - STEP

Dividend to Free Cash Flow (FCF) Ratio - INDB

Dividend to Free Cash Flow (FCF) Ratio - STEP

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Fundamentals: Revenue, Earnings, Cash Flow, EBITDA & Shares Outstanding:

INDB - Revenue

INDB Revenue CAGR:1Y: 41.82%2Y: 17.72%5Y: 24.29%10Y: 16.04%

STEP - Revenue

STEP Revenue CAGR:1Y: 70.21%2Y: 68.70%5Y: 22.37%10Y: N/A

INDB - Earnings Per Share (EPS)

INDB EPS CAGR:1Y: 175.36%2Y: 37.16%5Y: 9.44%10Y: 9.31%

STEP - Earnings Per Share (EPS)

STEP EPS CAGR:1Y: 0.00%2Y: 0.00%5Y: 0.00%10Y: N/A

INDB - Net Income

INDB Net Income CAGR:1Y: 161.95%2Y: 44.56%5Y: 17.54%10Y: 15.92%

STEP - Net Income

STEP Net Income CAGR:1Y: 0.00%2Y: 0.00%5Y: 0.00%10Y: N/A

INDB - EBITDA

INDB EBITDA CAGR:1Y: 104.63%2Y: 33.54%5Y: 12.38%10Y: 11.79%

STEP - EBITDA

STEP EBITDA CAGR:1Y: 0.00%2Y: -1.10%5Y: -9.25%10Y: N/A

INDB - Free Cash Flow

INDB Free Cash Flow CAGR:1Y: 0.00%2Y: 0.00%5Y: 0.00%10Y: 0.00%

STEP - Free Cash Flow

STEP Free Cash Flow CAGR:1Y: 0.00%2Y: 0.00%5Y: 0.00%10Y: N/A

INDB - Free Cash Flow / Share

INDB Free Cash Flow / Share CAGR:1Y: 0.00%2Y: 0.00%5Y: 0.00%10Y: 0.00%

STEP - Free Cash Flow / Share

STEP Free Cash Flow / Share CAGR:1Y: 0.00%2Y: 0.00%5Y: 0.00%10Y: N/A

INDB - Shares Outstanding

INDB Shares Outstanding CAGR:1Y: -5.41%2Y: 5.45%5Y: 7.41%10Y: 6.00%

STEP - Shares Outstanding

STEP Shares Outstanding CAGR:1Y: 4.75%2Y: 8.66%5Y: 12.38%10Y: N/A

INDB - Stock-Based Comp

INDB Stock-Based Comp CAGR:1Y: -100.00%2Y: -100.00%5Y: -100.00%10Y: -100.00%

STEP - Stock-Based Comp

STEP Stock-Based Comp CAGR:1Y: -100.00%2Y: -100.00%5Y: -100.00%10Y: N/A

INDB - Expenses

INDB Expenses CAGR:1Y: 9.74%2Y: 20.31%5Y: 12.57%10Y: 11.58%

STEP - Expenses

STEP Expenses CAGR:1Y: -39.93%2Y: 271.18%5Y: 81.13%10Y: N/A

Revenue, EPS, Net Income & Ebitda - Estimates VS Actual:

INDB - REVENUE: Actual + Estimates

INDB Actual Revenue CAGR:1Y: 41.82%2Y: 17.72%5Y: 24.29%10Y: 16.04%

STEP - REVENUE: Actual + Estimates

STEP Actual Revenue CAGR:1Y: 70.21%2Y: 68.70%5Y: 22.37%10Y: N/A

INDB - EPS: Actual + Estimates

INDB Actual EPS CAGR:1Y: 175.36%2Y: 37.16%5Y: 9.44%10Y: 9.31%

STEP - EPS: Actual + Estimates

STEP Actual EPS CAGR:1Y: 0.00%2Y: 0.00%5Y: 0.00%10Y: N/A

INDB - NET INCOME: Actual + Estimates

INDB Actual Net Income CAGR:1Y: 161.95%2Y: 44.56%5Y: 17.54%10Y: 15.92%

STEP - NET INCOME: Actual + Estimates

STEP Actual Net Income CAGR:1Y: 0.00%2Y: 0.00%5Y: 0.00%10Y: N/A

INDB - EBITDA: Actual + Estimates

INDB Actual EBITDA CAGR:1Y: 104.63%2Y: 33.54%5Y: 12.38%10Y: 11.79%

STEP - EBITDA: Actual + Estimates

STEP Actual EBITDA CAGR:1Y: 0.00%2Y: -1.10%5Y: -9.25%10Y: N/A

Ratios, Profit Margins & Return on Capital:

INDB - Net Profit Margin

INDB Net Profit Margin CAGR:1Y: 154.01%2Y: 22.78%5Y: -5.44%10Y: -0.10%

STEP - Net Profit Margin

STEP Net Profit Margin CAGR:1Y: 0.00%2Y: 0.00%5Y: 0.00%10Y: N/A

INDB - Gross Profit Margin

INDB Gross Profit Margin CAGR:1Y: 20.69%2Y: 9.01%5Y: -5.87%10Y: -2.98%

STEP - Gross Profit Margin

STEP Gross Profit Margin CAGR:1Y: 17.60%2Y: 20.04%5Y: 1.98%10Y: N/A

INDB - Price to Earnings

STEP - Price to Earnings

INDB - Price To Sales Ratio

STEP - Price To Sales Ratio

INDB - Return on Capital Employed

STEP - Return on Capital Employed

INDB - Return on Invested Capital

STEP - Return on Invested Capital

Combined Charts: Earnings, Cash Flow, Valuation, Cash & Debt:

INDB - EPS vs PE Ratio

STEP - EPS vs PE Ratio

INDB - FCF vs FCF/Share

STEP - FCF vs FCF/Share

INDB - EPS vs FCF per Share

STEP - EPS vs FCF per Share

INDB - FCF vs Stock Based Comp

STEP - FCF vs Stock Based Comp

INDB - Revenue vs Net Income

STEP - Revenue vs Net Income

INDB - Cash & Debt

STEP - Cash & Debt

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Combined 44% Lifetime Discount

Dividend History Tables

INDB Dividends Info:

Estimated Annual Dividend: $2.56

Forward Yield: 3.03%

Ex-Dividend Date: 2026-09-28

Lifetime Dividends / Share: $34.30

INDB Dividend History: Dates, Payments & Yield list

Below is a schedule of all INDB dividend payments, ex-dates, share price on the day of the payment as well as the annualized yield & forward yield

Ex-Date	Payment Date	Amount	Yield	Forward Yield	Price on Ex-Date
09/28/2026	09/30/2026	$0.640	3.22%	3.3%	$77.65
06/29/2026	07/01/2026	$0.640	3.07%	3.01%	$85.00
03/30/2026	04/01/2026	$0.640	3.48%	3.36%	$76.21
12/29/2025	12/31/2025	$0.590	3.16%	3.23%	$73.08
09/29/2025	10/01/2025	$0.590	3.4%	3.41%	$69.13
06/30/2025	07/02/2025	$0.590	3.75%	3.57%	$66.15
03/31/2025	04/02/2025	$0.590	3.77%	3.75%	$62.88
12/30/2024	01/01/2025	$0.570	3.56%	3.59%	$63.44
09/30/2024	10/02/2024	$0.570	3.86%	4%	$57.04
07/01/2024	07/03/2024	$0.570	4.61%	4.66%	$48.97
03/28/2024	04/01/2024	$0.570	4.38%	4.49%	$50.80
12/22/2023	12/25/2023	$0.550	3.34%	3.45%	$63.68
09/29/2023	10/02/2023	$0.550	4.48%	4.54%	$48.45
06/23/2023	06/26/2023	$0.550	4.84%	4.8%	$45.79
03/24/2023	03/27/2023	$0.550	3.24%	3.26%	$67.52
12/23/2022	01/06/2023	$0.550	2.59%	2.7%	$81.57
09/23/2022	10/07/2022	$0.510	2.63%	2.65%	$76.95
06/24/2022	07/08/2022	$0.510	2.58%	2.54%	$80.36
03/25/2022	04/08/2022	$0.510	2.39%	2.64%	$77.16
12/23/2021	01/07/2022	$0.480	2.41%	2.22%	$86.64
09/24/2021	10/08/2021	$0.480	2.6%	2.36%	$81.29
06/25/2021	07/09/2021	$0.480	2.45%	2.66%	$72.27
03/26/2021	04/09/2021	$0.480	2.21%	2.3%	$83.49
12/24/2020	01/08/2021	$0.460	2.49%	2.39%	$77.07
09/25/2020	10/09/2020	$0.460	3.67%	3.34%	$55.04
06/26/2020	07/10/2020	$0.460	2.99%	2.93%	$62.76
03/27/2020	04/09/2020	$0.460	2.93%	2.57%	$71.63
12/27/2019	01/10/2020	$0.440	2.1%	2.17%	$81.20
09/27/2019	10/11/2019	$0.440	2.35%	2.41%	$72.88
06/28/2019	07/12/2019	$0.440	2.31%	2.4%	$73.36
03/22/2019	04/05/2019	$0.440	2.37%	2.06%	$85.58
12/28/2018	01/11/2019	$0.380	0%	1.91%	$79.78
09/28/2018	10/05/2018	$0.380	0%	1.91%	$79.78
06/29/2018	07/10/2018	$0.380	0%	1.91%	$79.78
03/23/2018	04/06/2018	$0.380	0%	1.91%	$79.78
12/22/2017	01/05/2018	$0.320	0%	1.6%	$79.78
09/22/2017	10/06/2017	$0.320	0%	1.6%	$79.78
09/29/2017	10/06/2017	$0.320	0%	1.6%	$79.78
06/22/2017	07/07/2017	$0.320	0%	1.6%	$79.78
03/23/2017	04/07/2017	$0.320	0%	1.6%	$79.78
12/21/2016	01/06/2017	$0.290	0%	1.45%	$79.78
09/22/2016	10/07/2016	$0.290	0%	1.45%	$79.78
06/23/2016	07/08/2016	$0.290	0%	1.45%	$79.78
03/23/2016	04/08/2016	$0.290	0%	1.45%	$79.78
12/23/2015	01/08/2016	$0.260	0%	1.3%	$79.78
09/24/2015	10/09/2015	$0.260	0%	1.3%	$79.78
06/25/2015	07/10/2015	$0.260	0%	1.3%	$79.78
03/26/2015	04/10/2015	$0.260	0%	1.3%	$79.78
12/24/2014	01/09/2015	$0.240	0%	1.2%	$79.78
09/25/2014	10/10/2014	$0.240	0%	1.2%	$79.78
06/26/2014	07/11/2014	$0.240	0%	1.2%	$79.78
03/27/2014	04/11/2014	$0.240	0%	1.2%	$79.78
12/26/2013	01/10/2014	$0.220	0%	1.1%	$79.78
09/26/2013	10/11/2013	$0.220	0%	1.1%	$79.78
06/27/2013	07/12/2013	$0.220	0%	1.1%	$79.78
03/27/2013	04/12/2013	$0.220	0%	1.1%	$79.78
12/20/2012	12/31/2012	$0.210	0%	1.05%	$79.78
09/27/2012	10/12/2012	$0.210	0%	1.05%	$79.78
06/28/2012	07/13/2012	$0.210	0%	1.05%	$79.78
03/22/2012	04/05/2012	$0.210	0%	1.05%	$79.78
12/21/2011	01/06/2012	$0.190	0%	0.95%	$79.78
09/22/2011	10/07/2011	$0.190	0%	0.95%	$79.78
06/23/2011	07/08/2011	$0.190	0%	0.95%	$79.78
03/24/2011	04/08/2011	$0.190	0%	0.95%	$79.78
12/22/2010	01/07/2011	$0.180	0%	0.9%	$79.78
09/23/2010	10/08/2010	$0.180	0%	0.9%	$79.78
06/24/2010	07/09/2010	$0.180	0%	0.9%	$79.78
03/25/2010	04/09/2010	$0.180	0%	0.9%	$79.78
12/23/2009	01/08/2010	$0.180	0%	0.9%	$79.78
09/24/2009	10/09/2009	$0.180	0%	0.9%	$79.78
06/25/2009	07/10/2009	$0.180	0%	0.9%	$79.78
03/26/2009	04/09/2009	$0.180	0%	0.9%	$79.78
12/24/2008	01/09/2009	$0.180	0%	0.9%	$79.78
09/25/2008	10/10/2008	$0.180	0%	0.9%	$79.78
06/26/2008	07/11/2008	$0.180	0%	0.9%	$79.78
03/27/2008	04/11/2008	$0.180	0%	0.9%	$79.78
12/20/2007	01/04/2008	$0.170	0%	0.85%	$79.78
09/21/2007	10/05/2007	$0.170	0%	0.85%	$79.78
06/22/2007	07/06/2007	$0.170	0%	0.85%	$79.78
03/22/2007	04/06/2007	$0.170	0%	0.85%	$79.78
12/21/2006	01/05/2007	$0.160	0%	0.8%	$79.78
09/26/2006	10/06/2006	$0.160	0%	0.8%	$79.78
06/22/2006	07/07/2006	$0.160	0%	0.8%	$79.78
03/23/2006	04/07/2006	$0.160	0%	0.8%	$79.78
12/21/2005	01/06/2006	$0.150	0%	0.75%	$79.78
09/22/2005	10/07/2005	$0.150	0%	0.75%	$79.78
06/23/2005	07/08/2005	$0.150	0%	0.75%	$79.78
03/22/2005	04/08/2005	$0.150	0%	0.75%	$79.78
12/29/2004	01/14/2005	$0.140	0%	0.7%	$79.78
09/22/2004	10/08/2004	$0.140	0%	0.7%	$79.78
06/23/2004	07/09/2004	$0.140	0%	0.7%	$79.78
03/24/2004	04/09/2004	$0.140	0%	0.7%	$79.78
12/23/2003	01/09/2004	$0.130	0%	0.65%	$79.78
09/24/2003	10/10/2003	$0.130	0%	0.65%	$79.78
06/25/2003	07/11/2003	$0.130	0%	0.65%	$79.78
03/26/2003	04/11/2003	$0.130	0%	0.65%	$79.78
12/24/2002	01/10/2003	$0.120	0%	0.6%	$79.78
09/25/2002	10/11/2002	$0.120	0%	0.6%	$79.78
06/26/2002	07/12/2002	$0.120	0%	0.6%	$79.78
03/26/2002	04/12/2002	$0.120	0%	0.6%	$79.78
12/26/2001	01/11/2002	$0.110	0%	0.55%	$79.78
09/26/2001	10/12/2001	$0.110	0%	0.55%	$79.78
06/27/2001	07/13/2001	$0.110	0%	0.55%	$79.78
03/28/2001	04/13/2001	$0.110	0%	0.55%	$79.78
12/27/2000	01/12/2001	$0.100	0%	0.5%	$79.78
09/27/2000	10/13/2000	$0.100	0%	0.5%	$79.78
06/28/2000	07/14/2000	$0.100	0%	0.5%	$79.78
03/29/2000	04/14/2000	$0.100	0%	0.5%	$79.78
12/29/1999	01/14/2000	$0.100	0%	0.5%	$79.78
09/22/1999	10/08/1999	$0.100	0%	0.5%	$79.78
06/23/1999	07/09/1999	$0.100	0%	0.5%	$79.78
03/24/1999	04/09/1999	$0.100	0%	0.5%	$79.78
12/22/1998	01/08/1999	$0.100	0%	0.5%	$79.78
09/23/1998	10/09/1998	$0.100	0%	0.5%	$79.78
06/24/1998	07/10/1998	$0.100	0%	0.5%	$79.78
03/25/1998	04/10/1998	$0.100	0%	0.5%	$79.78
12/23/1997	01/09/1998	$0.090	0%	0.45%	$79.78
09/24/1997	10/10/1997	$0.090	0%	0.45%	$79.78
06/25/1997	07/11/1997	$0.080	0%	0.4%	$79.78
03/25/1997	04/11/1997	$0.080	0%	0.4%	$79.78
12/24/1996	01/10/1997	$0.070	0%	0.35%	$79.78
09/25/1996	10/11/1996	$0.060	0%	0.3%	$79.78
06/26/1996	07/12/1996	$0.060	0%	0.3%	$79.78
03/27/1996	04/12/1996	$0.060	0%	0.3%	$79.78
12/27/1995	01/12/1996	$0.050	0%	0.25%	$79.78
09/27/1995	10/13/1995	$0.050	0%	0.25%	$79.78
06/21/1995	07/07/1995	$0.040	0%	0.2%	$79.78
03/20/1995	04/07/1995	$0.040	0%	0.2%	$79.78
12/19/1994	01/06/1995	$0.040	0%	0.2%	$79.78
10/07/1994	10/28/1994	$0.030	0%	0.15%	$79.78
03/15/1990	04/02/1990	$0.090	0%	0.45%	$79.78
12/18/1989	01/01/1990	$0.090	0%	0.45%	$79.78
09/14/1989	10/02/1989	$0.090	0%	0.45%	$79.78
06/14/1989	07/03/1989	$0.080	0%	0.4%	$79.78
03/14/1989	04/03/1989	$0.080	0%	0.4%	$79.78
12/16/1988	01/02/1989	$0.080	0%	0.4%	$79.78
08/16/1988	09/01/1988	$0.080	0%	0.4%	$79.78
05/17/1988	06/01/1988	$0.070	0%	0.35%	$79.78
02/16/1988	03/01/1988	$0.070	0%	0.35%	$79.78
12/16/1987	01/07/1988	$0.067	0%	0.33%	$79.78
11/23/1987	12/01/1987	$0.053	0%	0.27%	$79.78
08/18/1987	09/01/1987	$0.053	0%	0.27%	$79.78
05/19/1987	06/01/1987	$0.047	0%	0.23%	$79.78
02/18/1987	03/02/1987	$0.047	0%	0.23%	$79.78
12/18/1986	01/07/1987	$0.060	0%	0.3%	$79.78

STEP Dividends Info:

Estimated Annual Dividend: $1.32

Forward Yield: 2.81%

Ex-Dividend Date: 2026-08-31

Lifetime Dividends / Share: $6.11

STEP Dividend History: Dates, Payments & Yield list

Below is a schedule of all STEP dividend payments, ex-dates, share price on the day of the payment as well as the annualized yield & forward yield

Ex-Date	Payment Date	Amount	Yield	Forward Yield	Price on Ex-Date
08/31/2026	09/02/2026	$0.330	2.53%	2.61%	$50.50
06/15/2026	06/17/2026	$0.830	7.06%	7.24%	$45.87
02/27/2026	03/02/2026	$0.280	2.6%	2.53%	$44.35
11/28/2025	12/01/2025	$0.280	1.77%	1.81%	$61.74
08/29/2025	09/01/2025	$0.280	1.8%	1.84%	$60.80
06/13/2025	06/16/2025	$0.640	4.75%	4.76%	$53.73
02/28/2025	03/03/2025	$0.240	1.6%	1.63%	$58.76
11/29/2024	12/02/2024	$0.240	1.46%	1.48%	$64.80
08/30/2024	09/02/2024	$0.240	1.76%	1.85%	$51.82
06/14/2024	06/17/2024	$0.360	3.38%	3.34%	$43.07
02/28/2024	03/01/2024	$0.210	2.38%	2.42%	$34.75
11/29/2023	12/01/2023	$0.210	3.28%	3.26%	$25.78
08/30/2023	09/01/2023	$0.210	2.72%	2.72%	$30.83
06/14/2023	06/16/2023	$0.450	7.44%	7.25%	$24.82
02/27/2023	03/01/2023	$0.200	2.83%	2.76%	$29.02
11/29/2022	12/15/2022	$0.200	2.72%	2.91%	$27.46
08/30/2022	09/15/2022	$0.200	2.94%	2.8%	$28.59
06/14/2022	06/30/2022	$0.200	3.08%	3.07%	$26.03
02/25/2022	03/15/2022	$0.150	1.72%	1.91%	$31.41
11/29/2021	12/15/2021	$0.150	1.41%	1.41%	$42.49
08/30/2021	09/15/2021	$0.070	0.58%	0.6%	$46.45
06/29/2021	07/15/2021	$0.070	0.83%	0.73%	$38.52
03/18/2021	03/22/2021	$0.070	0.92%	0.81%	$34.43

Projected Future Values & Dividends for INDB & STEP

Based on past 6.2 years performance, INDB had share price CAGR of +0.72%, and dividend CAGR of +7.35%.

During same period STEP had share price CAGR of +10.83%, and dividend CAGR of +32.89%.

Using these CAGR metrics, we can estimate that your initial $10,000 investment from 6.2 years ago, with dividends being reinvested (DRIP), is modelled to grow and collect dividends as follows:

Projection uses STEP applied at 10.00% price / 10.00% dividend.

	INDB	STEP
Start Value	$10,000	$10,000
Start Share Price	$84.37	$47.00
Start Shares	118.53	212.77

After 10 years:	INDB	STEP
Final Share Count	160.36	281.48
Dividends Payment	$0.69	$0.86
Annual Dividends	$441	$964
Share Price	$90.67	$121.91
Total Dividends	$3,653	$5,259
Final Value	$14,540	$34,314

Estimated Future Returns - INDB

Estimated Future Returns - STEP

Estimate Dividend Snowball and total future returns for INDB and STEP with our dividend (DRIP) calculator.

Above numbers are merely projections based on Dividend and Price CAGR for each stock, and should only be considered as 'potential future returns'! These numbers assume DRIP (reinvesting dividends).

We cannot guarantee that your actual returns will meet these metrics.

Compare Stocks: INDB vs STEP