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INDB
Independent Bank Corp.NASDAQFinancialsBanks - RegionalSnapshot 2026-06-12
Intact
$83.27+1.81%
Close 2026-06-12 · 1-day change
Recent financial performance is holding in the top half of its industry — the reason to own it looks intact.
The bottom line
Recent financial performance is strong, and management's recent track record has been steady, with capital-friendly moves. Earnings quality is neutral, and risk is moderate, while the sector backdrop presents a headwind. Peer multiples imply a price roughly in line with where it trades (about fair); the read is fair, priced roughly in line with peer multiples. This assessment hinges on sector trends, particularly the performance of key financial bellwethers. The read is provisional.
as of 2026-06-12
Quick facts
- Exchange
- NASDAQ
- Sector
- Financials
- Industry
- Banks - Regional
- Market cap
- $3.95B
- Employees
- 2,294
- IPO date
- 1995-05-15
- Next earnings
- 2026-07-16
Price
Daily closes. Earnings/event dots are placed inline.
Adjusted daily closes (split & dividend). Scroll over the chart to zoom; click a range to reset.
EarningsMaterial event
What's priced in
(what the market already expects)What it's worth (estimated)
A consensus fair price across 7 valuation methods, at three horizons. Current price $83.27. Estimates are diagnostics, not price targets. Short-horizon estimates are close to coin-flips, so confidence is a method-agreement read, not a prediction.
12-month· primaryfair
$81.79consensus
Range $77.19 – $86.93
vs price: +2% above
Method agreement — · 7 methods
No-growth: today's peer multiple on trailing earnings. The headline read.
3-yearinexpensive
$121.64consensus
Range $80.86 – $146.11
vs price: -32% below
Method agreement — · 6 methods
Embeds projected growth. Leans optimistic by design. Upside context.
5-yearinexpensive
How much to trust our fair value
We take the 12-month fair value above and grade our own number — how the market prices this name versus what we'd justify, and where the two diverge.
Aligned with peersmedium confidence
At $83 INDB trades at 13× p/e, in line with its 12× p/e peer median. Our $83 fair value reflects that, medium confidence. Analysts: $88–$97. Not investment advice.
Multiple (P/E)
13.5x
peer 12.4x · own history 13.5x
Premium
1.1x peer
1.0x its own history
Growth the price needs
-0%
our forecast 28%
Our fair value
$83.32
range $77.19 – $91.50
Analyst range(a guide on our number, not a target)Our number is below the analyst range
How this stock is priced
One valuation read at a 12-month horizon, plus how price compares to peers and the company's own history.
Long-term · 1–3 yr
fairfair12-month view
What's priced inJustified
The market is pricing in roughly 0% near-term growth, below our forecast of about 28%. This describes what's priced in, not a forecast of the move.
Low fragilityrisk posture, not a price call
Only a turbulent sector regime (Heating) — not the full expensive x weak x turbulent stack.
Historical context
For similar setups historically (n=20,154): about 33% saw a 20%+ drawdown, and roughly 76% of those did not recover within the year. These are historical base rates for the cohort, not a forecast of this stock.
How strong is the business
(quality & execution)Factor signals
Each factor is a parallel diagnostic with a clear read of what it shows and how names like it have historically fared. Never aggregated into a single score.
Recent financial performance
strongOperating income rose in 2 of the last 3 quarter-over-quarter moves. Historically, Financials names rated strong grew net income 67% of the time over the next year (vs 54% for the rest of the cohort, n=3733).
93rd pctl · Financials
Earnings quality
neutralOver the trailing year it converted 1.48x of net income into operating cash flow. Historically, Financials names rated neutral grew net income 58% of the time over the next year (vs 55% for the rest of the cohort, n=4725).
65th pctl · Financials
Macro sensitivity
Most sensitive to the broad stock market.
- the broad stock market: This stock moves with the broad market (high beta).
Not enough signal to read sensitivity to the US dollar, real (inflation-adjusted) rates, Fed net liquidity, long-term interest rates.
Management & capital allocation
stableEarnings setup & market context
The next print and the backdrop around it (sector regime and the AI cycle). Context for the path, not a forecast of returns.
Earnings setup · pre-print positioning
forward-looking
Strongly bullish7 analysts, 71% Buyfor period ending 2026-06-30
Why this setup
Consensus revisions
EPS estimate $1.78 → $1.78 (-0.3% / 30d). 4 raised, 0 cut, 7 covering analysts.
Rating actions
0 upgrades, 0 downgrades / 30d. 71% of analysts rate Buy.
Price target activity
1 PT revisions / 30d. Avg target 23.5% above current price.
Market and fundamentals agree. Analysts are positioned bullishly on a fundamentally strong name.
Sector context
Intermediate · WeeklySector phase: is in (~3.2 years in phase).
Management scorecard
How management runs the business: capital, margins, balance sheet, and how reliably they guide and deliver.
Long-term · 1–3 yr
Overall: neutral
- Capital allocation
- weak
- Earnings discipline
- strong
- Margin discipline
- neutral
- Balance sheet
- weak
- Post-call reaction
- strong
A guidance track record builds as the company issues and delivers on guidance.
How bumpy is the path
(risk while you hold it)Risk: how this stock moves
What a normal day, a bad day, and the worst of the last year would mean for a $10,000 position.
Intermediate · WeeklyLong-term · 1–3 yr
On a typical day, $10k can swing ±$88.
How much price usually moves either way.
On a bad day, this stock has moved -$245.
A rough but not unusual down day (about the 95th percentile).
In the worst 12 months, $10k could have lost $1,430.
Deepest peak-to-trough drop in the last year.
moderateas of 2026-06-12
Past results, not a forecast. Not investment advice.
What would change the read
(catalysts & re-read triggers)What changed
The most important moves since the prior daily snapshot.
Short-term · Daily
- No material changes since the prior snapshot.
No material changes since the prior snapshot.
as of 2026-06-12
What to watch next
Specific, dated things to watch for, each with what would confirm it and what would prove it wrong.
Intermediate · Weekly
- UpsideHigh confidenceQuartersactive 14d
Watch for operating income growth in Q2 results
Why it matters: Growth in operating income shows the company is making more money. This can help investors feel good.
What confirms / what disproves
Confirms:Operating income in Q2 is more than $104.3 million.
Disproves:Operating income in Q2 is below $104.3 million.
Management priorities
News catalysts
Recent news graded against this company's own objectives — whether it reinforces or challenges the thesis, and how confirmed it is.
No graded news catalysts for INDB yet.
This sector is also watching
- Watch for revenue growth dropping below 10% across major banks
- Watch for changes in FOMC interest rate policy on June 17
What could change this view
Conditional scenarios: if X happens, the view would shift in this direction. These are not predictions.
Intermediate · Weekly
Upside triggers
- If sector bellwethers like HDB, IBN, and PNC keep beating earnings and guiding higher, the Financials sector momentum should keep lifting INDB and other Financials names. Worth watching these names for early signals.
- If inflation reaccelerates, say headline CPI back above 3.5% (currently 2.8%), that would benefit INDB and other Financials names (the sector typically holds up well in inflationary environments).
Downside triggers
- If the Fed starts cutting rates from the current 3.62%, that would weigh on INDB and other Financials names, since the sector usually outperforms when rates stay high.
- If sector bellwethers like HDB, IBN, and PNC start missing or guiding lower, the Financials tailwind helping INDB and other Financials names could fade. Watch these names for early warning.
- If GDP growth slows materially from the current 2.6% (say, below 2%), it hits INDB and other Financials names harder than the average stock, since the sector is growth-sensitive.
Recent events
(material 8-K / filing activity)Material updates
Recent SEC 8-K filings ranked by likely impact, confidence, and recency.
- 2026-05-011mo agoItem 8.01
OTHER EVENTS The Company announced that its Board of Directors has authorized a stock buyback plan, effective April 30, 2026, under which the Company may repurchase up to $200 million of its common stock. Repurchases under the plan are expected to commence after the Company completes its stock buyback plan adopted in July 2025, under which approximately $10.5 million remains outstanding. Repurchases may be made from time to time on the open market and in privately negotiated transactions, and…
Capital allocationpositive
Score history
Whether the overall read has been drifting up or down lately, and how it's changed since last week.
+8.4 vs last weeklatest as of 2026-06-13
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.