Independent Bank (NASDAQ:INDB) — Market Cap & Net Worth

$3.91 Billion USD · Rank #4186

Market Cap & Net Worth: Independent Bank (INDB)

Independent Bank (NASDAQ:INDB) has a market capitalization of $3.91 Billion ($3.91 Billion) as of September 18, 2026. Listed on the NASDAQ stock exchange, this USA-based company holds position #4186 globally and #1451 in its home market, demonstrating a -0.08% 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 $82.48 by its total outstanding shares 47369099 (47.37 Million). Also see Independent Bank total assets for a full breakdown of the balance sheet.

Independent Bank Market Cap History: 2015 to 2026

Independent Bank's market capitalization history from 2015 to 2026. Data shows growth from $1.73 Billion to $3.91 Billion (7.84% CAGR). Also see Independent Bank (INDB) cash conversion ratio for how efficiently the company converts equity into cash flow.

Index Memberships

Independent Bank is a constituent of 3 market indices:

Index	Total Market Cap	Weight (%)	Rank by Market Cap
NASDAQ Financial 100 IXF	$1.03 Trillion	0.38%	#59 of 100
NASDAQ Composite IXIC	$41.69 Trillion	0.01%	#484 of 3165
S&P Small-Cap 600 Index SML	$1.61 Trillion	0.20%	#127 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. Check INDB stock price for real-time trading data and today's change.

Latest Price to Sales (P/S) Ratio

2.97x

Independent Bank's market cap is 2.97 times its annual revenue

Industry average: 1.84x Higher than industry average

Latest Price to Earnings (P/E) Ratio

16.88x

Independent Bank's market cap is 16.88 times its annual earnings

Industry average: 91.94x Lower than industry average

What 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	$2.68 Billion	$326.07 Million	$76.65 Million	8.23x	35.01x
2017	$2.72 Billion	$356.76 Million	$87.20 Million	7.64x	31.24x
2018	$2.80 Billion	$412.21 Million	$121.62 Million	6.79x	23.00x
2019	$3.39 Billion	$556.63 Million	$165.18 Million	6.09x	20.51x
2020	$3.06 Billion	$507.42 Million	$121.17 Million	6.03x	25.27x
2021	$3.50 Billion	$515.98 Million	$120.99 Million	6.79x	28.94x
2022	$3.72 Billion	$749.84 Million	$263.81 Million	4.96x	14.10x
2023	$3.02 Billion	$795.73 Million	$239.50 Million	3.79x	12.61x
2024	$3.04 Billion	$974.14 Million	$192.08 Million	3.12x	15.83x
2025	$3.46 Billion	$1.17 Billion	$205.12 Million	2.97x	16.88x

Competitor Companies of INDB by Market Capitalization

Companies near Independent Bank in the global market cap rankings as of September 18, 2026. Review Independent Bank tangible book value ratio to assess the quality of the company's equity after excluding intangible assets.

Key companies related to Independent Bank by market ranking:

Mizuho Financial Group Inc. (NYSE:MFG): Ranked #186 globally with a market cap of $130.47 Billion USD.
China Merchants Bank Co Ltd (SHG:600036): Ranked #200 globally with a market cap of $123.52 Billion USD ( CN¥844.14 Billion CNY).
BNP Paribas SA (PA:BNP): Ranked #203 globally with a market cap of $122.45 Billion USD ( €104.73 Billion EUR).
UNICREDIT S.P.A. ADR (F:CRIP): Ranked #221 globally with a market cap of $112.81 Billion USD ( €96.49 Billion EUR).

Market capitalization comparison (in billions USD)

Rank	Company	Symbol	Market Cap	Price
#186	Mizuho Financial Group Inc.	NYSE:MFG	$130.47 Billion	$10.93
#200	China Merchants Bank Co Ltd	SHG:600036	$123.52 Billion	CN¥40.92
#203	BNP Paribas SA	PA:BNP	$122.45 Billion	€102.32
#221	UNICREDIT S.P.A. ADR	F:CRIP	$112.81 Billion	€32.20

Independent Bank Historical Marketcap From 2015 to 2026

Between 2015 and today, Independent Bank's market cap moved from $1.73 Billion to $ 3.91 Billion, with a yearly change of 7.84%.

Year	Market Cap	Change (%)
2026	$3.91 Billion	+12.86%
2025	$3.46 Billion	+13.85%
2024	$3.04 Billion	+0.71%
2023	$3.02 Billion	-18.86%
2022	$3.72 Billion	+6.25%
2021	$3.50 Billion	+14.36%
2020	$3.06 Billion	-9.62%
2019	$3.39 Billion	+21.11%
2018	$2.80 Billion	+2.71%
2017	$2.72 Billion	+1.51%
2016	$2.68 Billion	+54.83%
2015	$1.73 Billion	--

End of Day Market Cap According to Different Sources

On Sep 17th, 2026 the market cap of Independent Bank was reported to be:

Source	Market Cap
Yahoo Finance	$3.91 Billion USD
MoneyControl	$3.91 Billion USD
MarketWatch	$3.91 Billion USD
marketcap.company	$3.91 Billion USD
Reuters	$3.91 Billion USD

Market cap values may vary slightly between sources due to differences in calculation methods, timing, and data refresh rates.

About Independent Bank

NASDAQ:INDB USA Banks - Regional

Market Cap

$3.91 Billion

Market Cap Rank

#4186 Global

#1451 in USA

Share Price

$82.48

Change (1 day)

-1.39%

52-Week Range

$64.39 - $87.17

All Time High

$87.29