INDB
Independent Bank
NASDAQ: INDB · FINANCIAL SERVICES · BANKS - REGIONAL
$77.05
-2.18% today
Updated 2026-04-29
Market cap
$3.74B
P/E ratio
15.32
P/S ratio
4.27x
EPS (TTM)
$5.03
Dividend yield
3.06%
52W range
$55 – $86
Volume
0.3M
Independent Bank (INDB) Financial statements
SEC filings — annual and quarterly data.
Profit margin
27.50%
Operating margin
47.50%
ROE
7.32%
ROA
1.08%
Debt/equity
—
Margin trends — annual
Gross margin Operating margin Profit margin
| Year | Revenue | Net income | Gross margin | Op. margin | Profit margin |
|---|---|---|---|---|---|
| 2006 | $94.02M | $32.85M | 28.34% | 50.64% | 34.94% |
| 2007 | $191.79M | $28.38M | 65.23% | 19.38% | 14.80% |
| 2008 | $205.08M | $23.96M | 65.96% | 14.88% | 11.69% |
| 2009 | $239.53M | $22.99M | 71.06% | 12.41% | 9.60% |
| 2010 | $249.63M | $40.24M | 77.00% | 21.02% | 16.12% |
| 2011 | $245.57M | $45.44M | 83.65% | 25.49% | 18.50% |
| 2012 | $255.69M | $42.63M | 83.79% | 22.41% | 16.67% |
| 2013 | $270.17M | $50.25M | 87.59% | 24.70% | 18.60% |
| 2014 | $286.38M | $59.84M | 89.24% | 29.24% | 20.90% |
| 2015 | $307.75M | $64.96M | 92.81% | 29.95% | 21.11% |
| 2016 | $326.07M | $76.65M | 92.37% | 34.37% | 23.51% |
| 2017 | $356.76M | $87.20M | 94.03% | 37.71% | 24.44% |
| 2018 | $412.21M | $121.62M | 92.65% | 37.83% | 29.51% |
| 2019 | $556.63M | $165.18M | 89.24% | 39.18% | 29.67% |
| 2020 | $507.42M | $121.17M | 82.89% | 30.12% | 23.88% |
| 2021 | $515.98M | $120.99M | 93.81% | 30.36% | 23.45% |
| 2022 | $749.84M | $263.81M | 95.19% | 46.38% | 35.18% |
| 2023 | $795.73M | $239.50M | 100.00% | 39.60% | 30.10% |
| 2024 | $974.14M | $192.08M | 66.40% | 25.37% | 19.72% |
| 2025 | $1.17B | $205.12M | 67.93% | 22.87% | 17.57% |