Independent Bank Corp. (INDB) Stock Price & How to Invest
Short answer
INDB is Independent Bank Corp, the Massachusetts-based holding company for Rockland Trust, so investing in it is a bet on a well-run New England regional bank that just scaled up through the Enterprise Bancorp deal. It trades like a steady, dividend-paying community bank rather than a growth story, and its returns hinge on loan demand, deposit costs, and credit quality across eastern Massachusetts and New England.
INDB stock price
As of 2026-07-08, Independent Bank Corp. (INDB) last closed at $82.27, up 23.2% over the past year. Over the past 52 weeks it has traded between $62.06 and $86.01.
Prices are daily closing prices from Yahoo Finance and may be delayed. For the live quote, check your broker or Independent Bank Corp.'s investor relations page. Walnut is informational, not investment advice.
What does Independent Bank Corp. (INDB) do?
Independent Bank Corp is the parent of Rockland Trust Company, a commercial bank founded in 1907 and headquartered in Rockland, Massachusetts. It operates more than 150 branches across eastern Massachusetts, Worcester County, southern New Hampshire, and Rhode Island, offering commercial and consumer lending, deposit accounts, residential mortgages, and wealth management and trust services. On July 1, 2025 it completed the roughly $503 million acquisition of Enterprise Bancorp, pushing total assets to around $24.8 billion (as of April 2026) and extending its footprint into the Merrimack Valley and southern New Hampshire.
The investment picture is that of a traditional, spread-driven regional bank. INDB earns most of its money from net interest income, so its results move with the level of interest rates, the cost of its deposits, and credit performance in a commercial-real-estate-heavy loan book. In the first quarter of 2026 it reported net income of about $79.9 million (roughly $1.63 per diluted share) with a net interest margin near 3.90%, and it raised its quarterly dividend by about 8.5% to $0.64 per share. The company is generally viewed as a conservatively run, dividend-focused bank whose near-term path depends on integrating Enterprise Bancorp and defending its margin as rates shift.
What's driving Independent Bank Corp. (INDB)?
1. Enterprise Bancorp integration and scale
The July 2025 acquisition of Enterprise Bancorp added deposits, loans, and branches in the Merrimack Valley and southern New Hampshire, taking total assets to roughly $24.8 billion (as of April 2026). Realizing the deal's projected cost savings and deposit synergies, with core system conversion completed in late 2025, is a key driver of forward earnings. Successful integration would lift earnings per share once merger-related charges roll off.
2. Net interest margin and deposit costs
As a spread lender, INDB's profitability tracks its net interest margin, which was reported near 3.90% in the first quarter of 2026 (adjusted around 3.72%). A stable or improving margin, helped by loan repricing and disciplined deposit pricing, supports net interest income. The direction of Federal Reserve policy and competition for deposits will shape this line.
3. Capital return and profitability
The bank generated a return on average assets around 1.31% and return on average common equity around 9.02% in the first quarter of 2026, and it lifted its quarterly dividend to $0.64 per share. Strong capital levels (stockholders' equity near $3.6 billion) give it room to sustain the dividend and pursue buybacks. This makes INDB more of an income and total-return name than a growth vehicle.
4. Credit quality in a CRE-heavy book
A large share of INDB's roughly $18.4 billion loan portfolio (as of April 2026) sits in commercial and commercial-real-estate lending across New England. Keeping charge-offs and nonperforming loans low through the credit cycle protects earnings and book value. Its long track record of conservative underwriting is a core part of the thesis.
What are the risks to Independent Bank Corp. (INDB)?
Because INDB earns most of its income from the spread between loan yields and deposit costs, a sharp move in interest rates or an inverted yield curve can compress its net interest margin. Its concentration in commercial real estate exposes it to regional property-market stress, rising vacancies, and credit losses if the New England economy weakens. Integrating Enterprise Bancorp carries execution risk, including deposit attrition and higher-than-expected merger costs. The bank is also geographically concentrated in Massachusetts and New England, so a local economic downturn would hit it harder than a nationally diversified peer. Deposit competition and any renewed flight to larger institutions could raise funding costs and pressure earnings.
How is Independent Bank Corp. (INDB) valued? (approximate, April 2026)
A simple financial snapshot. These are approximations and refresh quarterly; for current figures see Independent Bank Corp.'s investor relations page or your broker.
- Total assets: ~$24.8 billion
- Total loans: ~$18.4 billion
- Total deposits: ~$20.1 billion
- Q1 2026 net income: ~$79.9 million (~$1.63 diluted EPS)
- Net interest margin: ~3.90% reported
- Dividend yield: ~3.0% (~$0.64 quarterly)
- Price / earnings: ~15.8x
INDB trades like a mature regional bank, with a mid-teens trailing price-to-earnings multiple and a dividend yield around 3.0% (as of mid-2026). Its tangible book value per share was roughly $47.86 at March 31, 2026, and its capital and profitability metrics (ROA near 1.31%, ROE near 9.02%) are typical of a conservatively run community bank. Valuation and results should be read alongside the ongoing integration of the Enterprise Bancorp acquisition.
Who competes with Independent Bank Corp. (INDB)?
New England regional and community banks
Peers such as Eastern Bankshares, Berkshire Hills Bancorp, Brookline Bancorp, and Webster Financial compete for the same commercial and retail customers across Massachusetts and New England. They vie for deposits, commercial-real-estate and business loans, and branch presence in overlapping markets.
Large national and money-center banks
National franchises like Bank of America, JPMorgan Chase, and Citizens Financial operate branches and commercial-lending teams throughout New England. Their scale, technology budgets, and pricing power pressure smaller banks like INDB on both deposits and loan pricing.
Nonbank lenders and fintechs
Online banks, credit unions, and fintech lenders compete for deposits and consumer and small-business loans, often with higher deposit rates or streamlined digital lending. They chip away at fee income and low-cost funding that community banks have historically relied on.
How to invest in Independent Bank Corp. (INDB)
There are three common ways to get INDB exposure. Buy shares (or fractional shares) directly at any major broker. Hold an ETF that includes it, which spreads the position across many companies. Or build it into a focused thematic basket, so INDB sits alongside other stocks that express the same thesis.
Walnut takes the basket route. Describe a thesis where INDB fits (for example “AI infrastructure” or “dividend-growth large-caps”) and the AI proposes 5 to 6 constituents with target weights. You review the plan and fund it through your own broker when you're ready.
The bottom line on Independent Bank Corp. (INDB)
INDB is a conservatively managed New England regional bank whose story is about margin, credit, and integrating its Enterprise Bancorp acquisition, not rapid growth.
More on Independent Bank Corp. (INDB)
Whether INDB is worth buying today depends more on your time horizon and what you already hold than on any single call. We walk through valuation, what would have to go right, and the risks in is INDB a buy?, and where the stock could go from here in the INDB stock forecast.
For income investors, whether INDB pays a dividend and how the payout looks is covered in does INDB pay a dividend?
Build a basket around INDB with Walnut
Use Independent Bank Corp. as one constituent in a thematic basket Walnut's AI helps you assemble. Describe a thesis you believe in, the AI proposes the holdings and weights, and you approve before any broker order.
FAQ
What does Independent Bank Corp (INDB) do?
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It is the holding company for Rockland Trust Company, a Massachusetts-based commercial bank founded in 1907. Rockland Trust provides commercial and consumer loans, deposit accounts, residential mortgages, and wealth management and trust services across eastern Massachusetts, Worcester County, southern New Hampshire, and Rhode Island.
Is INDB the same as Rockland Trust?
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Effectively yes. Independent Bank Corp is the publicly traded holding company, and Rockland Trust is its operating bank subsidiary and primary brand. When people invest in INDB stock, they are investing in the parent of Rockland Trust.
How does INDB make money?
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Like most banks, it earns the bulk of its income from net interest income, the spread between what it earns on loans and securities and what it pays on deposits and borrowings. It also collects fee income from wealth management, service charges, and other banking services.
What was the Enterprise Bancorp acquisition?
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On July 1, 2025, INDB completed its roughly $503 million acquisition of Enterprise Bancorp, a bank concentrated in the Merrimack Valley and southern New Hampshire. The deal expanded INDB's footprint and lifted total assets to around $24.8 billion (as of April 2026), with core systems converted in late 2025.
Does INDB pay a dividend?
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Yes. Independent Bank Corp pays a quarterly cash dividend, which it raised by about 8.5% to $0.64 per share in early 2026, for a yield around 3.0% (as of mid-2026). It has a long history of paying and periodically increasing its dividend.
What are the main risks of owning INDB?
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Key risks include interest-rate swings that compress its net interest margin, concentration in commercial real estate and the New England economy, deposit competition that raises funding costs, and execution risk from integrating the Enterprise Bancorp acquisition. A regional downturn would affect it more than a nationally diversified bank.
How large is INDB?
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As of the first quarter of 2026, Independent Bank Corp reported total assets of roughly $24.8 billion, loans near $18.4 billion, deposits around $20.1 billion, and stockholders' equity near $3.6 billion, making it one of the larger community-focused banks in New England.
Where is INDB stock listed?
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Independent Bank Corp trades on the Nasdaq under the ticker INDB. It is a US-based bank holding company headquartered in Rockland, Massachusetts.
Walnut is informational, not investment advice. Financial figures on this page are approximations; always verify current numbers with Independent Bank Corp.'s investor relations page or your broker before making investment decisions.