Independent Bank Corp (INDB) EV to CFO (2011 - 2026)
Independent Bank's EV to CFO was 12.32 in Q2 2026, up 8.1% from 11.41 a year earlier and up 20.5% from the prior quarter.
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Analysis
Independent Bank Corp (INDB) EV to CFO (2011 - 2026) Analysis & Trends
On a trailing twelve-month basis, Independent Bank's EV to CFO was 12.12 through Jun 30, 2026, up 8.9% year-over-year; for FY2025, it was 14.24, up 21.0% from FY2024.
- EV to CFO has now increased for three consecutive years.
- In earlier years, EV to CFO was 11.77 in FY2024 (+16.5%), 10.10 in FY2023 (+11.1%), 9.10 in FY2022 (-38.6%) and 14.82 in FY2021 (-59.8%).
- Quarterly EV to CFO has moved between 4.97 (Q2 2023) and 19.40 (Q1 2022) over five years.
- Compared with a year earlier, EV to CFO was higher in seven of the last eight quarters, with growth averaging 30.7%.
- The best year-over-year quarter for EV to CFO over five years was Q1 2025 (growth of 74.5%); the worst was Q2 2023 (a decline of 66.6%).
- Per Business Quant data, INDB's EV to CFO in the three quarters before Q2 2026 was 10.23 (Q1 2026), 14.24 (Q4 2025) and 15.91 (Q3 2025).
Peer Set
Peer Comparison
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 12.32 |
| Mar 31, 2026 | 10.23 |
| Dec 31, 2025 | 14.24 |
| Sep 30, 2025 | 15.91 |
| Jun 30, 2025 | 11.41 |
| Mar 31, 2025 | 13.78 |
| Dec 31, 2024 | 11.77 |
| Sep 30, 2024 | 10.35 |
| Jun 30, 2024 | 8.48 |
| Mar 31, 2024 | 7.90 |
| Dec 31, 2023 | 10.10 |
| Sep 30, 2023 | 6.33 |
| Jun 30, 2023 | 4.97 |
| Mar 31, 2023 | 7.24 |
| Dec 31, 2022 | 9.10 |
| Sep 30, 2022 | 9.96 |
| Jun 30, 2022 | 14.86 |
| Mar 31, 2022 | 19.40 |
| Dec 31, 2021 | 14.82 |
| Sep 30, 2021 | 11.84 |
API Access
Independent Bank Corp EV to CFO API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=ev-to-cfo&ticker=INDB&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "ev-to-cfo", "ticker": "INDB", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=ev-to-cfo&ticker=INDB&period=max&api_key=YOUR_API_KEY");
const data = await res.json();