Cyber Week

Independent Bank Corp. INDB | NASDAQ

$61.13 $1.33 | 2.22%

Company Overview:

Market Cap: $2.60B

PE Ratio: 13.77

52-Week Range: $45.11 - $77.23

Dividend Yield (FWD): 3.95% ($2.36)

6.3 Year Performance Metrics:

Total Return (with DRIP): -9.01% (-1.49% / yr)

Total Return (no DRIP): -9.15% (-1.51% / yr)

Share Price: -25.03%

Dividend Increase: 34.09

INDB 6.3-yr Total Return ($10K invested)

1Y 2Y 5Y 10Y All

INDB Dividend Payments, Yield & Share Price charts

Dividend Payments & Yield

INDB Dividend CAGR:1Y: 3.51%2Y: 3.57%5Y: 5.10%10Y: 8.54%

Share Price

INDB Price CAGR:1Y: 17.57%2Y: 5.39%5Y: -3.18%10Y: -2.84%

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INDB Dividend Safety: Payout & Dividend to Free Cash Flow Ratios.

Dividend Payout Ratio - INDB

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Dividend to Free Cash Flow Ratio - INDB

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INDB Earnings, Revenue, Cash & Debt, Shares Outstaning:

INDB - EPS vs PE Ratio

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INDB - FCF vs FCF / Share

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INDB - EPS vs FCF / Share

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INDB - FCF vs Stock Based Comp

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INDB - Revenue vs Net Income

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INDB - Cash & Debt

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INDB - Revenue

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INDB Revenue CAGR:1Y: 35.72%2Y: 14.23%5Y: 12.78%10Y: 14.08%

INDB - Earnings Per Share (EPS)

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INDB EPS CAGR:1Y: -26.81%2Y: -19.79%5Y: -7.73%10Y: 4.35%

INDB - Net Income

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INDB Net Income CAGR:1Y: -29.37%2Y: -22.71%5Y: -3.70%10Y: 10.56%

INDB - EBITDA

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INDB EBITDA CAGR:1Y: -18.11%2Y: -19.96%5Y: -6.70%10Y: 8.26%

INDB - Free Cash Flow

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INDB Free Cash Flow CAGR:1Y: -17.84%2Y: -30.04%5Y: -15.26%10Y: 9.23%

INDB - Free Cash Flow / Share

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INDB Free Cash Flow / Share CAGR:1Y: -14.68%2Y: -27.35%5Y: -18.78%10Y: 3.12%

INDB - Gross Profit

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INDB Gross Profit CAGR:1Y: 18.45%2Y: 6.71%5Y: 9.75%10Y: 12.54%

INDB - Expenses

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INDB Expenses CAGR:1Y: 102.25%2Y: 77.14%5Y: 4.07%10Y: 10.95%

INDB - Shares Outstanding

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INDB Shares Outstanding CAGR:1Y: -3.73%2Y: -3.73%5Y: 4.32%10Y: 5.88%

INDB - Share Buybacks

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INDB Share Buybacks CAGR:1Y: -100.00%2Y: -100.00%5Y: -100.00%10Y: -100.00%

INDB - Stock-Based Comp

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INDB Stock-Based Comp CAGR:1Y: 34.22%2Y: 22.01%5Y: 9.07%10Y: 10.09%

INDB - Dividends

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INDB Dividend CAGR:1Y: 3.51%2Y: 3.57%5Y: 5.10%10Y: 8.54%

INDB - Revenue by Segment

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INDB Revenue CAGR:1Y: 35.72%2Y: 14.23%5Y: 12.78%10Y: 14.08%

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

INDB - REVENUE: Actual + Estimates

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INDB Actual Revenue CAGR:1Y: 35.72%2Y: 14.23%5Y: 12.78%10Y: 14.08%

INDB - EPS: Actual + Estimates

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INDB Actual EPS CAGR:1Y: -26.81%2Y: -19.79%5Y: -7.73%10Y: 4.35%

INDB - NET INCOME: Actual + Estimates

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INDB Actual Net Income CAGR:1Y: -29.37%2Y: -22.71%5Y: -3.70%10Y: 10.56%

INDB - EBITDA: Actual + Estimates

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INDB Actual EBITDA CAGR:1Y: -18.11%2Y: -19.96%5Y: -6.70%10Y: 8.26%

Ratios, Profit Margins & Return on Capital:

INDB - Net Profit Margin

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INDB Net Profit Margin CAGR:1Y: -47.96%2Y: -32.34%5Y: -14.62%10Y: -3.09%

INDB - Gross Profit Margin

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INDB Gross Profit Margin CAGR:1Y: -12.73%2Y: -6.58%5Y: -2.69%10Y: -1.35%

INDB - Price to Earnings

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INDB - Price To Sales Ratio

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INDB - Return on Capital Employed

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INDB - Return on Invested Capital

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INDB Dividends Info:

Annual Dividend: $2.36

Forward Yield: 3.86%

Ex-Dividend Date: 2025-03-31

Lifetime Dividens / Share: $30.61

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 TTM & forward yield

Ex-Date	Payment Date	Amount	TTM Yield	Forward Yield	Price on Ex-Date
03/31/2025	04/07/2025	$0.590	3.67%	3.77%	$62.65
12/30/2024	01/06/2025	$0.570	3.56%	3.56%	$64.11
09/30/2024	10/04/2024	$0.570	3.82%	3.86%	$59.13
07/01/2024	07/08/2024	$0.570	4.53%	4.61%	$49.49
03/28/2024	04/05/2024	$0.570	4.27%	4.38%	$52.02
12/22/2023	01/05/2024	$0.550	3.34%	3.34%	$65.96
09/29/2023	10/06/2023	$0.550	4.48%	4.48%	$49.09
06/23/2023	07/07/2023	$0.550	4.76%	4.84%	$45.41
03/24/2023	04/06/2023	$0.550	3.12%	3.24%	$67.90
12/23/2022	01/06/2023	$0.550	2.45%	2.59%	$84.80
09/23/2022	10/07/2022	$0.510	2.59%	2.63%	$77.65
06/24/2022	07/08/2022	$0.510	2.5%	2.58%	$79.08
03/25/2022	04/08/2022	$0.510	2.29%	2.39%	$85.23
12/23/2021	01/07/2022	$0.480	2.41%	2.41%	$79.83
09/24/2021	10/08/2021	$0.480	2.57%	2.6%	$73.92
06/25/2021	07/09/2021	$0.480	2.4%	2.45%	$78.47
03/26/2021	04/09/2021	$0.480	2.14%	2.21%	$87.04
12/24/2020	01/08/2021	$0.460	2.49%	2.49%	$73.97
09/25/2020	10/09/2020	$0.460	3.63%	3.67%	$50.12
06/26/2020	07/10/2020	$0.460	2.93%	2.99%	$61.52
03/27/2020	04/09/2020	$0.460	2.83%	2.93%	$62.80
12/27/2019	01/10/2020	$0.440	2.1%	2.1%	$83.78
09/27/2019	10/11/2019	$0.440	2.27%	2.35%	$75.05
06/28/2019	07/12/2019	$0.440	2.15%	2.31%	$76.15
03/22/2019	04/05/2019	$0.440	2.12%	2.37%	$74.40
12/28/2018	01/11/2019	$0.380	0%	0%	$0.00
09/28/2018	10/05/2018	$0.380	0%	0%	$0.00
06/29/2018	07/10/2018	$0.380	0%	0%	$0.00
03/23/2018	04/06/2018	$0.380	0%	0%	$0.00
12/22/2017	01/05/2018	$0.320	0%	0%	$0.00
09/29/2017	10/06/2017	$0.320	0%	0%	$0.00
09/22/2017	10/06/2017	$0.320	0%	0%	$0.00
06/22/2017	07/07/2017	$0.320	0%	0%	$0.00
03/23/2017	04/07/2017	$0.320	0%	0%	$0.00
12/21/2016	01/06/2017	$0.290	0%	0%	$0.00
09/22/2016	10/07/2016	$0.290	0%	0%	$0.00
06/23/2016	07/08/2016	$0.290	0%	0%	$0.00
03/23/2016	04/08/2016	$0.290	0%	0%	$0.00
12/23/2015	01/08/2016	$0.260	0%	0%	$0.00
09/24/2015	10/09/2015	$0.260	0%	0%	$0.00
06/25/2015	07/10/2015	$0.260	0%	0%	$0.00
03/26/2015	04/10/2015	$0.260	0%	0%	$0.00
12/24/2014	01/09/2015	$0.240	0%	0%	$0.00
09/25/2014	10/10/2014	$0.240	0%	0%	$0.00
06/26/2014	07/11/2014	$0.240	0%	0%	$0.00
03/27/2014	04/11/2014	$0.240	0%	0%	$0.00
12/26/2013	01/10/2014	$0.220	0%	0%	$0.00
09/26/2013	10/11/2013	$0.220	0%	0%	$0.00
06/27/2013	07/12/2013	$0.220	0%	0%	$0.00
03/27/2013	04/12/2013	$0.220	0%	0%	$0.00
12/20/2012	12/31/2012	$0.210	0%	0%	$0.00
09/27/2012	10/12/2012	$0.210	0%	0%	$0.00
06/28/2012	07/13/2012	$0.210	0%	0%	$0.00
03/22/2012	04/05/2012	$0.210	0%	0%	$0.00
12/21/2011	01/06/2012	$0.190	0%	0%	$0.00
09/22/2011	10/07/2011	$0.190	0%	0%	$0.00
06/23/2011	07/08/2011	$0.190	0%	0%	$0.00
03/24/2011	04/08/2011	$0.190	0%	0%	$0.00
12/22/2010	01/07/2011	$0.180	0%	0%	$0.00
09/23/2010	10/08/2010	$0.180	0%	0%	$0.00
06/24/2010	07/09/2010	$0.180	0%	0%	$0.00
03/25/2010	04/09/2010	$0.180	0%	0%	$0.00
12/23/2009	01/08/2010	$0.180	0%	0%	$0.00
09/24/2009	10/09/2009	$0.180	0%	0%	$0.00
06/25/2009	07/10/2009	$0.180	0%	0%	$0.00
03/26/2009	04/09/2009	$0.180	0%	0%	$0.00
12/24/2008	01/09/2009	$0.180	0%	0%	$0.00
09/25/2008	10/10/2008	$0.180	0%	0%	$0.00
06/26/2008	07/11/2008	$0.180	0%	0%	$0.00
03/27/2008	04/11/2008	$0.180	0%	0%	$0.00
12/20/2007	01/04/2008	$0.170	0%	0%	$0.00
09/21/2007	10/05/2007	$0.170	0%	0%	$0.00
06/22/2007	07/06/2007	$0.170	0%	0%	$0.00
03/22/2007	04/06/2007	$0.170	0%	0%	$0.00
12/21/2006	01/05/2007	$0.160	0%	0%	$0.00
09/26/2006	10/06/2006	$0.160	0%	0%	$0.00
06/22/2006	07/07/2006	$0.160	0%	0%	$0.00
03/23/2006	04/07/2006	$0.160	0%	0%	$0.00
12/21/2005	01/06/2006	$0.150	0%	0%	$0.00
09/22/2005	10/07/2005	$0.150	0%	0%	$0.00
06/23/2005	07/08/2005	$0.150	0%	0%	$0.00
03/22/2005	04/08/2005	$0.150	0%	0%	$0.00
12/29/2004	01/14/2005	$0.140	0%	0%	$0.00
09/22/2004	10/08/2004	$0.140	0%	0%	$0.00
06/23/2004	07/09/2004	$0.140	0%	0%	$0.00
03/24/2004	04/09/2004	$0.140	0%	0%	$0.00
12/23/2003	01/09/2004	$0.130	0%	0%	$0.00
09/24/2003	10/10/2003	$0.130	0%	0%	$0.00
06/25/2003	07/11/2003	$0.130	0%	0%	$0.00
03/26/2003	04/11/2003	$0.130	0%	0%	$0.00
12/24/2002	01/10/2003	$0.120	0%	0%	$0.00
09/25/2002	10/11/2002	$0.120	0%	0%	$0.00
06/26/2002	07/12/2002	$0.120	0%	0%	$0.00
03/26/2002	04/12/2002	$0.120	0%	0%	$0.00
12/26/2001	01/11/2002	$0.110	0%	0%	$0.00
09/26/2001	10/12/2001	$0.110	0%	0%	$0.00
06/27/2001	07/13/2001	$0.110	0%	0%	$0.00
03/28/2001	04/13/2001	$0.110	0%	0%	$0.00
12/27/2000	01/12/2001	$0.100	0%	0%	$0.00
09/27/2000	10/13/2000	$0.100	0%	0%	$0.00
06/28/2000	07/14/2000	$0.100	0%	0%	$0.00
03/29/2000	04/14/2000	$0.100	0%	0%	$0.00
12/29/1999	01/14/2000	$0.100	0%	0%	$0.00
09/22/1999	10/08/1999	$0.100	0%	0%	$0.00
06/23/1999	07/09/1999	$0.100	0%	0%	$0.00
03/24/1999	04/09/1999	$0.100	0%	0%	$0.00
12/22/1998	01/08/1999	$0.100	0%	0%	$0.00
09/23/1998	10/09/1998	$0.100	0%	0%	$0.00
06/24/1998	07/10/1998	$0.100	0%	0%	$0.00
03/25/1998	04/10/1998	$0.100	0%	0%	$0.00
12/23/1997	01/09/1998	$0.090	0%	0%	$0.00
09/24/1997	10/10/1997	$0.090	0%	0%	$0.00
06/25/1997	07/11/1997	$0.080	0%	0%	$0.00
03/25/1997	04/11/1997	$0.080	0%	0%	$0.00
12/24/1996	01/10/1997	$0.070	0%	0%	$0.00
09/25/1996	10/11/1996	$0.060	0%	0%	$0.00
06/26/1996	07/12/1996	$0.060	0%	0%	$0.00
03/27/1996	04/12/1996	$0.060	0%	0%	$0.00
12/27/1995	01/12/1996	$0.050	0%	0%	$0.00
09/27/1995	10/13/1995	$0.050	0%	0%	$0.00
06/21/1995	07/07/1995	$0.040	0%	0%	$0.00
03/20/1995	04/07/1995	$0.040	0%	0%	$0.00
12/19/1994	01/06/1995	$0.040	0%	0%	$0.00
10/07/1994	10/28/1994	$0.030	0%	0%	$0.00
03/15/1990	04/02/1990	$0.090	0%	0%	$0.00
12/18/1989	01/01/1990	$0.090	0%	0%	$0.00
09/14/1989	10/02/1989	$0.090	0%	0%	$0.00
06/14/1989	07/03/1989	$0.080	0%	0%	$0.00
03/14/1989	04/03/1989	$0.080	0%	0%	$0.00
12/16/1988	01/02/1989	$0.080	0%	0%	$0.00
08/16/1988	09/01/1988	$0.080	0%	0%	$0.00
05/17/1988	06/01/1988	$0.070	0%	0%	$0.00
02/16/1988	03/01/1988	$0.070	0%	0%	$0.00
12/16/1987	01/07/1988	$0.067	0%	0%	$0.00
11/23/1987	12/01/1987	$0.053	0%	0%	$0.00
08/18/1987	09/01/1987	$0.053	0%	0%	$0.00
05/19/1987	06/01/1987	$0.047	0%	0%	$0.00
02/18/1987	03/02/1987	$0.047	0%	0%	$0.00
12/18/1986	01/07/1987	$0.060	0%	0%	$0.00

Projected Future Returns & Dividends for INDB

Based on past 6.3-year performance, here are INDB growth metrics:

Share price CAGR of -4.47%
Dividend CAGR of +8.55%

Using INDB CAGR metrics, we can estimate that your initial $10000 investment, over the next 10 years, should grow as follows:

	INDB (DRIP)	INDB - No DRIP
Current Price	$59.81	$59.81
Start Shares	167.20	167.20
Start Value	$10,000	$10,000

After 10 years:
Final Share Count	350.92	167.20
Dividends Payment	$1.34	$1.34
Annual Dividends	$1,880	$896
Yield on cost	18.80%	8.96%
Share Price	$39.63	$39.63
Total Dividends	$8,383	$5,866
Final Value	$13,907	$12,492

Estimated Future Value + Dividends - INDB

NOTE: Above numbers are our estimate based on INDB's Dividend and Price CAGR over past 6.3 years. These numbers should only be considered as "potential future returns"! DRIP assumes reinvesting dividends; No-DRIP assumes collecting dividends as cash.

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

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Company Info

Independent Bank Corp. (INDB) had its IPO on 1986-05-14, and is trader on NASDAQ stock exchange.

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 estate settlement, financial planning, tax services, and other services; automated teller machine and debit cards; and mutual fund and unit investment trust shares, general securities, fixed and variable annuities, and life insurance products. As of December 31, 2021, it operates one hundred nineteen retail branches, two limited-service retail branches, and one mobile branch located within Barnstable, Bristol, Dukes, Essex, Middlesex, Nantucket, Norfolk, Plymouth, Suffolk, and Worcester counties in Eastern Massachusetts. The company was founded in 1907 and is headquartered in Rockland, Massachusetts.

INDB website: https://www.rocklandtrust.com

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