Form 4 buys and sells (codes P and S). Grants, option exercises
and conversions excluded.
Over the last 180 days, INDEPENDENT BANK CORP insiders sold a net $979.6K of stock across 47 Form 4 purchases and sales, with no insider buying. Source: SEC Form 4 filings, as of 2026-10-28.
Nobody has filed for crossing 5%. That is a fact, not missing data.
INDB planned insider sales (Form 144)
Notice of intent to sell, filed before any sale
Thomas Venables
Filed 2026-08-25
$313.1K
Gerard F Nadeau
Filed 2026-08-03
$444.9K
Executive pay vs shareholder return · INDBJeffrey Tengel Member
CEO pay, headline and as actually paid, against the company's
return and its chosen peers' (DEF 14A).
FY
CEO total
Actually paid
Other execs, avg
TSR
Peer TSR
2025
$3.6M
$3.9M
$1.3M
+18%
n/a
2024
$2.9M
$2.9M
$1.1M
+0%
n/a
2022
$2.9M
$3.5M
$1.2M
+22%
n/a
2021
$2.8M
$3.5M
$1.0M
+14%
n/a
2020
$3.3M
$2.2M
$1.0M
-10%
n/a
Tagged by the company under SEC Item 402(v). Returns are
cumulative from the start of the disclosure period. Green where the company beat its own peer group.
Live price
Daily candles from TradingView, under their licence. No filings marked.
Why this name is on the desk
Insiders have filed to sell, before selling.
The record shows a net $979.6K sold by insiders over 180 days, 1 House member(s) bought in 12 months, disclosed weeks after the trade, $757.9K in planned Form 144 sales. Each figure is a federal filing, dated the day it went public.
Ratios from the company's XBRL filings, latest filings
Revenue, TTM
n/a
fewer than four consecutive quarters of revenue filed
Revenue, TTM INDB
FY Dec 2025
n/a
FY Dec 2024
n/a
FY Dec 2023
n/a
FY Dec 2022
n/a
FY Dec 2021
n/a
Jun 2026
n/a
Mar 2026
n/a
Dec 2025
n/a
Sep 2025
n/a
Jun 2025
n/a
Mar 2025
n/a
Dec 2024
n/a
Sep 2024
n/a
At each fiscal year end
Single quarter
Net margin, TTM
n/a
needs four consecutive quarters of both revenue and net income
Net margin, TTM INDB
FY Dec 2025
n/a
FY Dec 2024
n/a
FY Dec 2023
n/a
FY Dec 2022
n/a
FY Dec 2021
n/a
Jun 2026
n/a
Mar 2026
n/a
Dec 2025
n/a
Sep 2025
n/a
Jun 2025
n/a
Mar 2025
n/a
Dec 2024
n/a
Sep 2024
n/a
At each fiscal year end
Single quarter
Free cash flow, TTM
$303.8M
operating cash flow minus capex, 2025-07-01 to 2026-06-30
Free cash flow, TTM INDB
FY Dec 2025
$239.0M
FY Dec 2024
$209.5M
FY Dec 2023
$261.1M
FY Dec 2022
$399.1M
FY Dec 2021
$165.0M
Jun 2026
$67.0M
Mar 2026
$111.6M
Dec 2025
$75.5M
Sep 2025
$49.7M
Jun 2025
$102.5M
Mar 2025
$11.3M
Dec 2024
$36.5M
Sep 2024
$64.4M
At each fiscal year end
Single quarter
Debt to equity
0.12x
long-term 2025-12-31 (6 months older than the period end) plus current 2019-12-31 (79 months older than the period end); equity 2026-06-30
Debt to equity INDB
FY Dec 2025
0.11x
FY Dec 2024
0.04x
FY Dec 2023
0.06x
FY Dec 2022
0.06x
FY Dec 2021
0.06x
Jun 2026
0.12x
Mar 2026
0.12x
Dec 2025
0.11x
Sep 2025
0.03x
Jun 2025
0.04x
Mar 2025
0.04x
Dec 2024
0.04x
Sep 2024
0.05x
At each fiscal year end
Trailing four quarters at each quarter end
Cash flow to debt
0.79x
TTM operating cash flow over long-term 2025-12-31 (6 months older than the period end) plus current 2019-12-31 (79 months older than the period end)
Cash flow to debt INDB
FY Dec 2025
0.61x
FY Dec 2024
2.04x
FY Dec 2023
1.70x
FY Dec 2022
2.59x
FY Dec 2021
1.08x
Jun 2026
0.79x
Mar 2026
0.87x
Dec 2025
0.61x
Sep 2025
1.91x
Jun 2025
2.07x
Mar 2025
1.70x
Dec 2024
2.04x
Sep 2024
1.48x
At each fiscal year end
Trailing four quarters at each quarter end
Return on equity
+8.2%
TTM net income over average of 2025-06-30 and 2026-06-30
Return on equity INDB
FY Dec 2025
+6.3%
FY Dec 2024
+6.5%
FY Dec 2023
+8.3%
FY Dec 2022
+8.9%
FY Dec 2021
+5.1%
Jun 2026
+8.2%
Mar 2026
+7.3%
Dec 2025
+6.3%
Sep 2025
+5.5%
Jun 2025
+6.3%
Mar 2025
+6.4%
Dec 2024
+6.5%
Sep 2024
+6.7%
At each fiscal year end
Trailing four quarters at each quarter end
Return on assets
+1.2%
TTM net income over average of 2025-06-30 and 2026-06-30
Return on assets INDB
FY Dec 2025
+0.9%
FY Dec 2024
+1.0%
FY Dec 2023
+1.2%
FY Dec 2022
+1.3%
FY Dec 2021
+0.7%
Jun 2026
+1.2%
Mar 2026
+1.1%
Dec 2025
+0.9%
Sep 2025
+0.8%
Jun 2025
+1.0%
Mar 2025
+1.0%
Dec 2024
+1.0%
Sep 2024
+1.0%
At each fiscal year end
Trailing four quarters at each quarter end
Return on invested capital
n/a
fewer than four consecutive quarters of operating income
Return on invested capital INDB
FY Dec 2025
n/a
FY Dec 2024
n/a
FY Dec 2023
n/a
FY Dec 2022
n/a
FY Dec 2021
n/a
Jun 2026
n/a
Mar 2026
n/a
Dec 2025
n/a
Sep 2025
n/a
Jun 2025
n/a
Mar 2025
n/a
Dec 2024
n/a
Sep 2024
n/a
At each fiscal year end
Trailing four quarters at each quarter end
Return on capital employed
n/a
fewer than four consecutive quarters of operating income
Return on capital employed INDB
FY Dec 2025
n/a
FY Dec 2024
n/a
FY Dec 2023
n/a
FY Dec 2022
n/a
FY Dec 2021
n/a
Jun 2026
n/a
Mar 2026
n/a
Dec 2025
n/a
Sep 2025
n/a
Jun 2025
n/a
Mar 2025
n/a
Dec 2024
n/a
Sep 2024
n/a
At each fiscal year end
Trailing four quarters at each quarter end
P/E, trailing
15.00x
close 2026-10-26 over four quarters of diluted EPS, 2025-07-01 to 2026-06-30
P/E, trailing INDB
FY Dec 2025
16.28x
FY Dec 2024
14.20x
FY Dec 2023
12.14x
FY Dec 2022
14.81x
FY Dec 2021
23.50x
Jun 2026
15.00x
Mar 2026
14.81x
Dec 2025
16.28x
Sep 2025
16.83x
Jun 2025
14.20x
Mar 2025
14.11x
Dec 2024
14.20x
Sep 2024
12.85x
At each fiscal year end
Trailing four quarters at each quarter end
Enterprise value
n/a
no cash line filed
Enterprise value INDB
FY Dec 2025
n/a
FY Dec 2024
n/a
FY Dec 2023
n/a
FY Dec 2022
n/a
FY Dec 2021
n/a
Jun 2026
n/a
Mar 2026
n/a
Dec 2025
n/a
Sep 2025
n/a
Jun 2025
n/a
Mar 2025
n/a
Dec 2024
n/a
Sep 2024
n/a
At each fiscal year end
Trailing four quarters at each quarter end
FCF yield
+7.7%
TTM free cash flow over market value at close 2026-10-26
FCF yield INDB
FY Dec 2025
+6.6%
FY Dec 2024
+7.7%
FY Dec 2023
+9.0%
FY Dec 2022
+10.4%
FY Dec 2021
+6.1%
Jun 2026
+7.5%
Mar 2026
+9.2%
Dec 2025
+6.6%
Sep 2025
+5.8%
Jun 2025
+8.0%
Mar 2025
+6.5%
Dec 2024
+7.7%
Sep 2024
+8.8%
At each fiscal year end
Trailing four quarters at each quarter end
PEG, trailing
0.58x
P/E over trailing EPS growth of 26%: four quarters to 2026-06-30 against the four to 2025-06-30
PEG, trailing INDB
FY Dec 2025
n/a
FY Dec 2024
n/a
FY Dec 2023
n/a
FY Dec 2022
0.23x
FY Dec 2021
n/a
Jun 2026
0.58x
Mar 2026
1.03x
Dec 2025
n/a
Sep 2025
n/a
Jun 2025
n/a
Mar 2025
n/a
Dec 2024
n/a
Sep 2024
n/a
At each fiscal year end
Trailing four quarters at each quarter end
Price as of 2026-10-26. Hover or tap a tile for its yearly and quarterly history.Method
TTM is four consecutive fiscal quarters; Q4 is the year minus nine months when not filed. Returns use the average of opening and closing balances. EBIT is approximated by operating income. PEG uses trailing EPS growth.
Fundamentals
Annual figures from XBRL filings. Pick a past date to see them as known then.
INDB ranks highest on institutional and government (72nd percentile) and financial health (67th), and lowest on insider conviction (14th), among Banks peers.
Profitability
47
Inputs
Return on equity+8.2% · 32 pct, sector of 327
Return on assets+1.2% · 62 pct, sector of 334
Return on invested capitalfewer than four consecutive quarters of operating income
Return on capital employedfewer than four consecutive quarters of operating income
Financial health
67
Inputs
Debt to equity0.12x · 66 pct, sector of 229
Cash flow to debt0.79x · 68 pct, sector of 198
Insider conviction
14
Inputs
Net Form 4 buying (codes P and S), 180d-$980K · 28 pct, sector of 274
Insider buyers, 180d0 · 0 pct, sector of 274
Institutional and government
72
Inputs
Funds adding, latest quarterfewer than five funds report holding it
Congress net buyers, 365d1 · 72 pct, sector of 33
Federal contracts, 180dno federal contracts in 180 days
Lobbying spend, 4 quartersno lobbying filings in the last four quarters
Risk and compliance
33
Inputs
Short interest, % of float+4.6% · 33 pct, sector of 378
Recalls per $1B revenue, 3yrevenue under $50M or not filed, so a count cannot be scaled to size
EPA cases per $1B revenue, 5yrevenue under $50M or not filed, so a count cannot be scaled to size
New text in Risk Factors, latest 10-Kneeds two 10-Ks with a Risk Factors section (not 20-F filers or stubs)
2 not measured: Growth, US patents
Growth needs 1 of 2 inputs, 0 present: no backlog line filed, or no year-earlier backlog; no revenue for this year and the year before
US patents needs 1 of 2 inputs, 0 present: patent data not loaded yet
5 of 7 axes scored. Each is a percentile against sector peers (all companies when the sector is thin); higher is better. An unscored axis is unmeasured, not low. How it is scored
INDB filings, in plain words
Are Independent Bank insiders buying or selling INDB?
In the 180 days to 2026-10-28, Independent Bank insiders were net sellers, a net $979.6K across purchases and sales reported on Form 4, by 3 sellers.
Have members of Congress traded INDB?
Yes. In the year to 2026-10-28, 1 House member disclosed buying INDB and 0 House members disclosed selling it; the latest on record is a purchase by Gilbert Cisneros dated 2026-05-29.
Are there planned insider sales of INDB?
Yes. 2 Form 144 notices of planned insider sales were filed in the 90 days to 2026-10-28, covering $757.9K of stock; the latest, by Thomas Venables, was filed 2026-08-25.
Read the full summary
In the 180 days to 2026-10-28, Independent Bank insiders were net sellers of INDB, a net $979.6K across purchases and sales reported on Form 4 by 3 sellers. None of the 3 insider sales was flagged as made under a Rule 10b5-1 plan. In the year to 2026-10-28, 1 member of Congress disclosed buying INDB and 0 members disclosed selling it; the latest on record is a purchase by Gilbert Cisneros dated 2026-05-29. Insiders filed 2 Form 144 notices of intent to sell in the 90 days to 2026-10-28, covering $757.9K of stock. Each figure is counted from SEC and House filings as of 2026-10-28, dated the day the filing was made public.
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