Independent Bank
Independent Bank Corp. operates as the bank holding company for Rockland Trust Company that provides commercial banking products and services to individuals and small-to-medium sized businesses in the United States. The company provides interest checking, money market, and savings accounts, as well as demand deposits and time certificates of deposit. It offers commercial real estate and construct… Read more
Market Cap & Net Worth: Independent Bank (INDB)
Independent Bank (NASDAQ:INDB) has a market capitalization of $3.62 Billion ($3.62 Billion) as of March 19, 2026. Listed on the NASDAQ stock exchange, this USA-based company holds position #3511 globally and #2298 in its home market, demonstrating a -2.80% decrease in market value over the past year.
Market capitalization, also known as net worth in stock markets, is calculated by multiplying Independent Bank's stock price $74.42 by its total outstanding shares 48618695 (48.62 Million).
Independent Bank Market Cap History: 2015 to 2026
Independent Bank's market capitalization history from 2015 to 2026. Data shows growth from $1.78 Billion to $3.62 Billion (7.17% CAGR).
Index Memberships
Independent Bank is a constituent of 3 market indices:
| Index | Total Market Cap | Weight (%) | Rank by Market Cap |
|---|---|---|---|
|
NASDAQ Financial 100
IXF
|
$866.02 Billion | 0.42% | #48 of 100 |
|
NASDAQ Composite
IXIC
|
$33.39 Trillion | 0.01% | #430 of 3165 |
|
S&P Small-Cap 600 Index
SML
|
$1.36 Trillion | 0.20% | #112 of 602 |
Weight: Independent Bank's market cap as a percentage of total index value. Rank: Position among all constituents by market cap.
Independent Bank Market Cap to Earnings & Revenue Ratios Timeline
This chart shows how Independent Bank's valuation ratios have evolved. The Price to Sales (P/S) ratio compares market cap to revenue, while the Price to Earnings (P/E) ratio compares market cap to net income. Lower values may indicate a more undervalued company relative to its financial performance.
Latest Price to Sales (P/S) Ratio
3.04x
Independent Bank's market cap is 3.04 times its annual revenue
0.28x
Higher than industry averageLatest Price to Earnings (P/E) Ratio
17.32x
Independent Bank's market cap is 17.32 times its annual earnings
1.51x
Higher than industry averageWhat These Ratios Tell Investors:
- Price to Sales (P/S) Ratio: Shows how much investors are paying for each dollar of the company's sales. Lower P/S ratios may indicate undervaluation.
- Price to Earnings (P/E) Ratio: Shows how much investors are paying for each dollar of the company's earnings. This is one of the most common valuation metrics.
- Trends in these ratios over time can indicate changing investor sentiment about the company's future growth prospects.
- Industry comparison provides context for whether the company is valued higher or lower than peers.
| Year | Market Cap (USD) | Revenue (USD) | Net Income (USD) | P/S Ratio | P/E Ratio |
|---|---|---|---|---|---|
| 2016 | $2.75 Billion | $326.07 Million | $76.65 Million | 8.45x | 35.93x |
| 2017 | $2.80 Billion | $356.76 Million | $87.20 Million | 7.84x | 32.06x |
| 2018 | $2.87 Billion | $412.21 Million | $121.62 Million | 6.97x | 23.61x |
| 2019 | $3.48 Billion | $556.63 Million | $165.18 Million | 6.25x | 21.05x |
| 2020 | $3.14 Billion | $507.42 Million | $121.17 Million | 6.19x | 25.94x |
| 2021 | $3.59 Billion | $515.98 Million | $120.99 Million | 6.97x | 29.71x |
| 2022 | $3.82 Billion | $749.84 Million | $263.81 Million | 5.09x | 14.48x |
| 2023 | $3.10 Billion | $795.73 Million | $239.50 Million | 3.89x | 12.94x |
| 2024 | $3.12 Billion | $974.14 Million | $192.08 Million | 3.20x | 16.25x |
| 2025 | $3.55 Billion | $1.17 Billion | $205.12 Million | 3.04x | 17.32x |
Competitor Companies of INDB by Market Capitalization
Companies near Independent Bank in the global market cap rankings as of March 19, 2026.
Key companies related to Independent Bank by market ranking:
- State Bank of India GDR (LSE:SBID): Ranked #22 globally with a market cap of $471.55 Billion USD.
- Australia and New Zealand Banking Group Ltd (AU:AN3PK): Ranked #81 globally with a market cap of $189.74 Billion USD ( AU$306.43 Billion AUD).
- China Merchants Bank Co Ltd (PINK:CIHKY): Ranked #108 globally with a market cap of $157.57 Billion USD.
- HDFC Bank Limited (F:HDFA): Ranked #121 globally with a market cap of $148.48 Billion USD ( €144.65 Billion EUR).
| Rank | Company | Symbol | Market Cap | Price |
|---|---|---|---|---|
| #22 | State Bank of India GDR | LSE:SBID | $471.55 Billion | $115.40 |
| #81 | Australia and New Zealand Banking Group Ltd | AU:AN3PK | $189.74 Billion | AU$102.90 |
| #108 | China Merchants Bank Co Ltd | PINK:CIHKY | $157.57 Billion | $27.05 |
| #121 | HDFC Bank Limited | F:HDFA | $148.48 Billion | €24.80 |
Independent Bank Historical Marketcap From 2015 to 2026
Between 2015 and today, Independent Bank's market cap moved from $1.78 Billion to $ 3.62 Billion, with a yearly change of 7.17%.
| Year | Market Cap | Change (%) |
|---|---|---|
| 2026 | $3.62 Billion | +1.83% |
| 2025 | $3.55 Billion | +13.85% |
| 2024 | $3.12 Billion | +0.71% |
| 2023 | $3.10 Billion | -18.86% |
| 2022 | $3.82 Billion | +6.25% |
| 2021 | $3.59 Billion | +14.36% |
| 2020 | $3.14 Billion | -9.62% |
| 2019 | $3.48 Billion | +21.11% |
| 2018 | $2.87 Billion | +2.71% |
| 2017 | $2.80 Billion | +1.51% |
| 2016 | $2.75 Billion | +54.83% |
| 2015 | $1.78 Billion | -- |
End of Day Market Cap According to Different Sources
On Mar 18th, 2026 the market cap of Independent Bank was reported to be:
| Source | Market Cap |
|---|---|
| Yahoo Finance | $3.62 Billion USD |
| MoneyControl | $3.62 Billion USD |
| MarketWatch | $3.62 Billion USD |
| marketcap.company | $3.62 Billion USD |
| Reuters | $3.62 Billion USD |
Market cap values may vary slightly between sources due to differences in calculation methods, timing, and data refresh rates.