What is Independent Bank Corp.'s (INDB) StockRank?

MoatMap's StockRank for Independent Bank Corp. (INDB) is 61/100, with a Hold signal. This is a composite score combining Quality (48), Value (43), and Momentum (64) factor ranks across MoatMap's 20,000+ stock universe.

Does Independent Bank Corp. have an economic moat?

Independent Bank Corp. (INDB) has a Quality factor score of 48/100. The Quality factor combines ROIC, Piotroski F-Score, and leverage — the financial fingerprints of a durable competitive advantage. A Quality score above 70 typically indicates a company with the financial characteristics of a moated business.

Is Independent Bank Corp. a buy, hold, or sell?

MoatMap's current signal for Independent Bank Corp. (INDB) is Hold, based on a StockRank of 61/100. Signals are derived mechanically from the StockRank composite and should be one input among many — combine with your own thesis on management, competitive position, and valuation.

What sector is Independent Bank Corp. in?

Independent Bank Corp. (INDB) operates in the Financial Services sector, specifically the Banks - Regional industry (United States).

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INDB

HOLD

Independent Bank Corp. · Financial Services · United States · $4.1B · Avg Vol: $38M/d

StockRank

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P/E (TTM)

15.3x

ROE

8.2%

D/E

0.2x

Dividend %

2.9%

COMPANY DESCRIPTION

Independent Bank Corp. is a bank holding company that operates through its subsidiary, Rockland Trust Company, providing commercial banking, retail banking, and wealth management services to individuals and businesses primarily in Massachusetts. Its competitive moat is built on strong local market presence, customer-centric approach, and reputation for community involvement, fostering deep client relationships.

FINANCIAL SUMMARY (USD)

Year	2021	2022	2023	2024	2025	CAGR	TTM	2026E	2027E	Fwd CAGR
Revenue	—	720.2M	722.1M	683.1M	849.0M	5.6%	948.7M	1.0B	1.1B	12.5%
EPS	3.47	5.69	5.42	4.52	4.44	6.4%	5.56	5.65	6.53	21.3%
Shares	—	45.6M	42.9M	42.4M	49.2M	+7.7%	47.6M	—	—	—
Debt	—	113.4M	1.2B	701.4M	825.8M	93.8%	701.5M	—	—	—
Equity	—	2.9B	2.9B	3.0B	3.6B	7.3%	—	—	—	—
Op CF	—	421.2M	277.0M	229.9M	251.2M	-15.8%	251.2M	—	—	—
Inv CF	—	-1.0B	-211.7M	-33.0M	5.0M	—	—	—	—	—
Fin CF	—	-1.3B	-193.9M	-201.4M	295.8M	—	—	—	—	—

Loading 1Y...

PRICE (1Y)+4.1%

SMA 50SMA 200

$85.12

RSI (14)

51.6

52W High

$87.50

From 52W High

1.0%

SCORE BREAKDOWN

Quality

ROIC (ROA)

1.2%*43.0

ROE

8.2%41.8

GP/Assets

3.8%N/A

Op. Margin

47.3%68.5

FCF/Assets

1.4%N/A

Piotroski

444.0

Int. Cover

—50.0

D/E Ratio

0.23xN/A

Current Ratio

bankN/A

Value

P/E (TTM)

15.3x39.6

EV/EBITDA

bankN/A

P/FCF

11.9xN/A

P/B

1.1x49.9

P/S

4.3x44.3

Div Yield

2.9%37.3

Momentum

52W High %

97%75.5

RS 6M

-0%58.0

SMA 50/200

1.07x66.1

EPS Rev 4W

-0.9%39.3

EPS Rev 12W

-0.7%45.0

EPS Improve

+49%71.4

Q Growth

60%77.7

FUNDAMENTALS

Market Cap

$4.1B

P/E (Forward)

10.2x

Gross Margin

—

SECTOR PEERS

Closest peers in Financial Services, ranked by industry match, size, and score similarity. Cross-listings of INDB are excluded.

Ticker	Company	Mkt Cap	StockRank	Signal
INDB	Independent Bank Corp.(you)	$4.1B	61	HOLD
PRK	Park National Corporation	$3.4B	61	HOLD
UCB	United Community Banks, Inc.	$4.2B	57	HOLD
BANC	Banc of California, Inc.	$3.3B	60	HOLD
SFBS	ServisFirst Bancshares, Inc.	$4.8B	62	HOLD
BOH	Bank of Hawaii Corporation	$3.3B	62	HOLD
CBU	Community Financial System, Inc.	$3.5B	57	HOLD
RNST	Renasant Corporation	$4.0B	67	BUY
AX	Axos Financial, Inc.	$5.5B	61	HOLD
WAFD	WaFd, Inc.	$2.7B	60	HOLD

Peer medians: ROE 9.4% · P/E 13.9x · Gross margin 100.0%

Price	$85.12
Market Cap	$4.1B
P/E (TTM)	15.25
P/E (Forward)	10.24
Price/Book	1.15
Return on Equity	8.2%
Debt/Equity	0.23x
Operating Margin	47.3%
Revenue Growth	41.5%
Dividend Yield	2.9%
Free Cash Flow	$339M