Independent Bank Financial Ratios
NASDAQ: INDBFinanceMajor BanksUSD
At close: Oct 9, 4:00 PM ET · Delayed 15 min
Independent Bank ratio analysis
Independent Bank earned a net margin of 23.9% in FY 2025, down from 27.8% a year earlier. Return on equity reached 5.8%, meaning Independent Bank generated 0.06 dollars of profit for every dollar of shareholders' equity. Debt-to-equity stood at 0.10 versus 0.02 the year before.
At the end of FY 2025, INDB traded at 16.5 times earnings; across the 10 fiscal years shown, its year-end P/E ranged from 12.1 to 24.3, with a median of 16.6. Valuation ratios use the closing share price on each fiscal year-end date and diluted shares from the income statement; profitability and leverage ratios use reported annual figures. Current valuation multiples are on the statistics page.
Summary generated from market data by MetaCap's automated system. Methodology
Independent Bank financial ratios (annual)
| Ratio | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|
| P/E ratio (at fiscal year end) | 16.48 | 14.14 | 12.14 | 14.84 | 23.50 | 20.07 | 16.52 | 16.76 | 21.90 | 24.29 |
| Price / sales | 3.94 | 3.94 | 3.98 | 5.38 | 5.60 | 5.07 | 5.36 | 5.26 | 5.58 | 6.00 |
| Price / book | 0.95 | 0.91 | 1.00 | 1.36 | 0.94 | 1.43 | 1.60 | 1.90 | 2.02 | 2.15 |
| Net margin | 23.9% | 27.8% | 32.8% | 36.2% | 23.8% | 25.3% | 32.5% | 31.5% | 25.5% | 24.7% |
| Free cash flow margin | 27.9% | 30.4% | 35.7% | 54.8% | 32.5% | 10.9% | 39.3% | 33.8% | 31.0% | 26.6% |
| Return on equity (ROE) | 5.8% | 6.4% | 8.3% | 9.1% | 4.0% | 7.1% | 9.7% | 11.3% | 9.2% | 8.9% |
| Return on assets (ROA) | 0.8% | 1.0% | 1.2% | 1.4% | 0.6% | 0.9% | 1.4% | 1.4% | 1.1% | 1.0% |
| Debt / equity | 0.10 | 0.02 | 0.04 | 0.04 | 0.04 | 0.09 | 0.14 | 0.10 | 0.11 | 0.12 |
| Revenue growth | 24.3% | -5.7% | 0.4% | 43.5% | 5.9% | -5.8% | 31.5% | 13.1% | 10.2% | 6.7% |
| EPS growth | -1.8% | -16.6% | -4.7% | 64.0% | -4.7% | -27.6% | 14.3% | 37.9% | 10.0% | 16.0% |