Independent Bank Corp (INDB) Price to Book (2010 - 2026)
Independent Bank's (INDB) Price to Book was 1.14 for Q2 2026, up 30.2% from 0.87 a year earlier and up 10.1% from the prior quarter.
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Analysis
Independent Bank Corp (INDB) Price to Book (2010 - 2026) Analysis & Trends
For FY2025, Price to Book at Independent Bank was 1.01, up 10.7% from FY2024.
- By year, Price to Book came in at 0.91 in FY2024 (-6.5%), 0.97 in FY2023 (-27.0%), 1.33 in FY2022 (+41.7%) and 0.94 in FY2021 (-33.4%).
- The Q2 2026 figure ranks as the highest quarterly Price to Book since Q4 2022.
- Year over year, Price to Book has now increased in each of the last six quarters, with growth averaging 14.0% over the last eight quarters.
- The high point for year-over-year Price to Book in five years was Q4 2022 (growth of 41.7%); the low point was Q2 2023 (a decline of 46.0%).
- Per Business Quant data, the three quarters before Q2 2026 came in at 1.03 (Q1 2026), 1.01 (Q4 2025) and 0.97 (Q3 2025).
Peer Set
Peer Comparison
Historic Data
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Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 1.14 |
| Mar 31, 2026 | 1.03 |
| Dec 31, 2025 | 1.01 |
| Sep 30, 2025 | 0.97 |
| Jun 30, 2025 | 0.87 |
| Mar 31, 2025 | 0.88 |
| Dec 31, 2024 | 0.91 |
| Sep 30, 2024 | 0.84 |
| Jun 30, 2024 | 0.74 |
| Mar 31, 2024 | 0.77 |
| Dec 31, 2023 | 0.97 |
| Sep 30, 2023 | 0.75 |
| Jun 30, 2023 | 0.69 |
| Mar 31, 2023 | 1.02 |
| Dec 31, 2022 | 1.33 |
| Sep 30, 2022 | 1.21 |
| Jun 30, 2022 | 1.27 |
| Mar 31, 2022 | 1.31 |
| Dec 31, 2021 | 0.94 |
| Sep 30, 2021 | 1.43 |
API Access
Independent Bank Corp Price to Book 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=price-to-book&ticker=INDB&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "price-to-book", "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=price-to-book&ticker=INDB&period=max&api_key=YOUR_API_KEY");
const data = await res.json();