What one share of Independent Bank holds
Independent Bank Corp. (the “Company”) is a state chartered, federally registered bank holding company headquartered in Rockland, Massachusetts that was incorporated under Massachusetts law in 1985. The Company is the sole stockholder of Rockland Trust Company (“Rockland Trust” or the “Bank”), a Massachusetts trust company chartered in 1907.
Independent Bank’s numbers from its SEC filings, divided by its shares. Results cover the last 12 months to 2026-06-30; the balance sheet is as of 2026-06-30.
| Sales | $20.43 |
|---|---|
| Profit | $5.52 |
| Capex (buildings and equipment) | $0.36 |
| Free cash flow | $6.18 |
| Dividends | $2.46 |
| Cash and investments | $21.03 |
| Debt | $7.55 |
| Book value | $73.76 |
Per share by fiscal year
| Year | Sales | Profit | Capex | Free cash | Dividends | Book value |
|---|---|---|---|---|---|---|
| 2009 | $9.60 | $0.88 | $0.34 | $1.26 | $0.72 | $21.01 |
| 2010 | $9.94 | $1.90 | $0.33 | $1.87 | $0.72 | $20.57 |
| 2011 | $10.25 | $2.12 | $0.39 | $2.24 | $0.76 | $21.82 |
| 2012 | $10.77 | $1.95 | $0.29 | $1.73 | $0.84 | $23.24 |
| 2013 | $10.85 | $2.18 | $0.40 | $5.72 | $0.88 | $24.85 |
| 2014 | $11.09 | $2.49 | $0.32 | $3.44 | $0.96 | $26.69 |
| 2015 | $11.20 | $2.50 | $0.40 | $3.05 | $1.04 | $29.40 |
| 2016 | $11.73 | $2.90 | $0.39 | $3.12 | — | $32.02 |
| 2017 | $12.49 | $3.19 | $0.92 | $3.87 | — | $34.38 |
| 2018 | $13.98 | $4.40 | $0.40 | $4.73 | — | $38.23 |
| 2019 | $15.47 | $5.03 | $0.50 | $6.09 | — | $49.69 |
| 2020 | $14.40 | $3.64 | $0.38 | $1.56 | — | $51.65 |
| 2021 | $14.54 | $3.47 | $0.72 | $4.73 | — | $63.75 |
| 2022 | $15.69 | $5.69 | $0.48 | $8.60 | $2.08 | $63.25 |
| 2023 | $16.54 | $5.42 | $0.36 | $5.91 | $2.20 | $67.53 |
| 2024 | $16.22 | $4.52 | $0.48 | $4.93 | $2.28 | $70.43 |
| 2025 | $18.56 | $4.44 | $0.26 | $5.17 | $2.36 | $72.41 |
Common questions about Independent Bank
How much does one share of Independent Bank earn?
Over the last 12 months, each share of Independent Bank earned $5.52 of profit on $20.43 of sales, keeping about 27¢ of every $1 (profit margin).
Does Independent Bank pay a dividend?
Yes. Independent Bank paid $2.46 per share in dividends over the last 12 months. That’s about 45¢ of each $1 of profit (payout ratio).
What is Independent Bank’s book value per share?
Independent Bank’s book value is $73.76 per share: what would be left for each share if it sold everything at the values on its books and paid every debt, as of June 30, 2026.
How much cash and debt does each share of Independent Bank have?
Each share of Independent Bank has $21.03 of cash and investments and $7.55 of debt, as of June 30, 2026.
What is Independent Bank’s free cash flow per share?
$6.18 per share over the last 12 months. Free cash flow is the cash left over after spending on buildings and equipment.
How has Independent Bank’s profit per share changed over time?
Profit per share went from $0.88 in 2009 to $4.44 in 2025, growing about 10.7% a year (adjusted for stock splits).
Has Independent Bank bought back shares?
Independent Bank’s share count rose about 135% from 2009 to 2025. That dilution means each share owns a smaller slice of the company.
From its SEC filings. For education only, not investment advice. New to these words? See the StockSlicer glossary.