Is Independent Bank Corp. overvalued?

Independent Bank Corp. (INDB) looks fairly valued — trading about 7% below its fair value.

Fairly valued

Price

$84.47

Fair value

$90.35

Current P/E

13.7

Normal P/E

14.6

Market cap

$3.91B

Dividend yield

3.0%

Return on equity

9.3%

Sector

Financial Services

Fair value compares INDB's current P/E to its own historical "normal" P/E (FAST Graphs-style). Updated 12 Nov 2026.

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