Independent Bank Corp.
Independent Bank Corp. (INDB) PE Ratio — Current & Historical Data
Trailing twelve months (TTM) P/E, forward P/E, PEG, and annual PE history — from market prices and filings.
indb · pe ratio · data through Dec 31, 2025
Core PE Ratio Metrics
Trailing 12 months · TTMThe price-to-earnings (P/E) ratio for Independent Bank Corp. (INDB) measures how much investors pay for each dollar of the company's trailing earnings. INDB's current PE ratio of 16.18x is calculated by dividing its stock price of $79.57 by its TTM earnings per share of $4.91. −1.7% discount vs 5Y avg 16.5x
Source: FMP · /ratios-ttm · /analyst-estimates · 2025-12-31
PE Ratio History
2006 – 2025 · Annual▸ FMP /ratios?period=annual&limit=20 · priceToEarningsRatio + netIncomePerShare (Annual)
Historical PE Range
Past 20 fiscal years · Front-end computedMinQ1 · 25%16.8x
MedianQ3 · 75%24.3x
Max
At 16.18x, INDB's current P/E is within its average historical range over the past 20 fiscal years.
Percentile calculated from annual fiscal year data points, not by trading day. Years where PE ≤ 0 or > 9,999 are excluded.
PE Ratio vs Peers
Banks - Regional · 6 peers · Annual PE| Company | Market Cap | PE (Annual) | vs Avg | EPS (TTM) |
|---|---|---|---|---|
Independent Bank Corp.You INDB | $3.8B | 16.18x | -4.9% | $4.91 |
 Associated Banc-Corp ASB | $4.6B | 8.96x | -47.4% | $2.88 |
 Banco BBVA Argentina S.A. BBAR | $3.6B | 16.99x | -0.1% | $1543.02 |
 Cathay General Bancorp CATY | $3.9B | 10.39x | -38.9% | $4.66 |
 Eastern Bankshares, Inc. EBC | $4.8B | 44.96x | +164.2% | $0.41 |
 First Interstate BancSystem, Inc. FIBK | $3.5B | 11.75x | -31.0% | $2.95 |
 Fulton Financial Corporation FULT | $4.2B | 9.05x | -46.8% | $2.14 |
Industry Average 6 peers with valid PE | — | 17.02x | baseline | — |
* N/A — Company is not profitable (TTM) · excluded from industry average · ▸ FMP /stock-peers + /ratios?limit=1 · priceToEarningsRatio
Annual PE Ratio History
| Fiscal Year End | PE Ratio | EPS (TTM) | YoY Change | PE vs Max |
|---|---|---|---|---|
2025-12-31Latest FY2025 | 17.62x | $4.15 | +24.1% | |
2024-12-31 FY2024 | 14.20x | $4.52 | +17.0% | |
2023-12-31 FY2023 | 12.14x | $5.42 | -18.2% | |
2022-12-31 FY2022 | 14.84x | $5.69 | -36.8% | |
2021-12-31 FY2021 | 23.50x | $3.47 | +17.2% | |
2020-12-31 FY2020 | 20.05x | $3.64 | +21.2% | |
2019-12-31 FY2019 | 16.54x | $5.03 | +3.7% | |
2018-12-31 FY2018 | 15.95x | $4.41 | -27.0% | |
2017-12-31 FY2017 | 21.86x | $3.19 | -9.9% | |
2016-12-31 FY2016 | 24.27x | $2.90 | +30.9% |
▸ FMP /ratios?period=annual&limit=20 · priceToEarningsRatio + netIncomePerShare · Zero extra API
About PE Ratio & Methodology
The price-to-earnings (P/E) ratio for Independent Bank Corp. (INDB) measures how much investors pay for each dollar of the company's trailing earnings. INDB's current PE ratio of 16.18x is calculated by dividing its stock price of $79.57 by its TTM earnings per share of $4.91.
Frequently asked questions
INDB pe ratio · 6 questionsINDB's current PE ratio is 16.18x as of 2026-06-08, based on a stock price of $79.57 and TTM EPS of $4.91. Data sourced from Financial Modeling Prep via INDB's SEC 10-K and 10-Q filings.
▸ Source: FMP · /ratios-ttm · /ratios annual · /analyst-estimates · /stock-peers · Independent Bank Corp. SEC 10-K & 10-Q filings · US GAAP · Updated: 2026-06-08