Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
Independent BankINDB -0.47%68 Equity-to-Asset is 0.14 as of Jun. 2026, which is at its 10-year median of 0.14. GuruFocus rates INDB with a GF Score™ of 68/100 and a GF Value™ of $81.05 (Fairly Valued). The stock has 7 warning signs investors should review. Among 1,525 Banks companies, Independent Bank ranks better than 83.21% on this metric.
Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Independent Bank's Total Stockholders Equity for the quarter that ended in Jun. 2026 was $3,512.4 Mil. Independent Bank's Total Assets for the quarter that ended in Jun. 2026 was $24,973.9 Mil.
Therefore, Independent Bank's Equity to Asset Ratio for the quarter that ended in Jun. 2026 was 0.14.
The historical rank and industry rank for Independent Bank's Equity-to-Asset or its related term are showing as below:
INDB'
s Equity-to-Asset Range Over the Past 10 Years
Min: 0.11 Med: 0.14 Max: 0.15
Current: 0.14
During the past 13 years, the highest Equity to Asset Ratio of Independent Bank was 0.15. The lowest was 0.11. And the median was 0.14.
INDB's Equity-to-Asset is ranked better than 83.21% of 1525
companies
in the Banks industry
Industry Median: 0.1
vs INDB: 0.14
Independent Bank (NAS:INDB) Equity-to-Asset Explanation
Equity to Asset ratio can vary greatly across different industries, as they have different capital structure. A company with smaller Equity to Asset ratio (more leveraged) may have higher ROE % because of the leverage.
For banks, the required minimum Equity to Asset ratio by regulation is 5%. Some stronger banks may have Equity to Asset Ratio of more than 10%.
Independent Bank Equity-to-Asset Related Terms
Independent Bank Equity-to-Asset Historical Data
* Premium members only.
The historical data trend for Independent Bank's Equity-to-Asset can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
INDB vs RNST, WSFS, CVBF: Equity-to-Asset Comparison
For the Banks - Regional subindustry, Independent Bank's Equity-to-Asset, along with its competitors' market caps and Equity-to-Asset data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Independent Bank Equity-to-Asset vs Banks Industry
For the Banks industry and Financial Services sector, Independent Bank's Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where Independent Bank's Equity-to-Asset falls into.
Equity to Asset ratio measures the ratios of the portion of the asset owned by shareholders out of the total asset. It indicates the leverage of the company, and the amount of debt the company uses in its operation.
Equity to Asset ratio is calculated by dividing total stockholders equity by total asset.
Independent Bank's Equity to Asset Ratio for the fiscal year that ended in Dec. 2025 is calculated as
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Independent Bank (INDB) has a Equity-to-Asset of 0.14 as of Jun. 2026. Equity-to-asset ratio equals total company equity divided by total assets. It measures financial leverage. View historical data on Independent Bank and its competitors. This is near median its historical median of 0.14. Over the past decade, Independent Bank's Equity-to-Asset has ranged from 0.11 to 0.15. According to the industry distribution chart, Independent Bank ranks #256 out of 1525 companies in the Banks industry, placing it in the top 16.8%.
Is Independent Bank's Equity-to-Asset too high?
Independent Bank's current Equity-to-Asset of 0.14 is near median its 10-year median of 0.14. Over the past 10 years, this metric has ranged from a low of 0.11 to a high of 0.15. The Banks industry median Equity-to-Asset is 0.10. Independent Bank's value of 0.14 is 40% above this industry median. Based on the distribution chart, Independent Bank ranks #256 out of 1525 companies in the Banks industry, which is in the top quartile — a strong position relative to peers. Overall, Independent Bank has a GF Score™ of 68/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Independent Bank's Equity-to-Asset compare to RNST and WSFS?
According to the Banks industry distribution chart, Independent Bank ranks #256 out of 1525 companies for Equity-to-Asset. This places Independent Bank in the top 17% of its industry — outperforming the majority of peers. The industry median Equity-to-Asset is 0.10. Independent Bank's value of 0.14 is 40% above this benchmark. Historically, Independent Bank's own Equity-to-Asset has ranged from 0.11 to 0.15 over the past decade. While the company's 10-year median is 0.14 vs. the industry median of 0.10, Independent Bank has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Equity-to-Asset for a Banks company?
The median Equity-to-Asset among Banks companies is 0.10, based on 1,525 companies in the industry. Companies in the top quartile (top 25%) have a Equity-to-Asset significantly above this median, while those in the bottom quartile fall well below. However, Equity-to-Asset should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Independent Bank's current Equity-to-Asset of 0.14 is 40% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Equity-to-Asset mean?
A high Equity-to-Asset can signal that a stock is expensive relative to its fundamentals. Equity-to-asset ratio equals total company equity divided by total assets. It measures financial leverage. View historical data on Independent Bank and its competitors. For the Banks industry, the median Equity-to-Asset is 0.10 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Independent Bank's current Equity-to-Asset is 0.14, which is near median its own 10-year median of 0.14. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Independent Bank stock overvalued right now?
Based on GuruFocus' analysis, Independent Bank (INDB) is currently considered Fairly Valued. The stock's GF Value™ is $81.05, compared to a current price of $85.64 — trading 5.7% above its estimated fair value. The current Equity-to-Asset is 0.14, which is near median its 10-year median of 0.14 and 40% above the Banks industry median of 0.10. Independent Bank's overall GF Score™ is 68/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Equity-to-Asset calculated?
Equity-to-Asset is calculated from a company's financial statements. For Independent Bank (INDB), the current Equity-to-Asset is 0.14 as of Jun. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Independent Bank (INDB) Overvalued in 2026?
Based on GuruFocus' analysis, Independent Bank stock appears to be overvalued.
The current stock price of $85.64 is trading 5.7% above its estimated GF Value™ of $81.05.
GuruFocus considers Independent Bank to be Fairly Valued.
Key valuation signals for INDB:
Equity-to-Asset: 0.14 (near median its 10-year median of 0.14)
GF Value™: $81.05 vs. price of $85.64 (5.7% above fair value)
Industry Position: 40% above the Banks median (#256 of 1525)
No single metric tells the full story. See the INDB stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Independent Bank Corp is a bank holding company and the sole shareholder of its bank, the Rockland Trust Company. Rockland is a community-oriented commercial bank. The bank provides a variety of banking, investment and financial services, operating with various retail branches, as well as a network of commercial and residential lending centers and investment management offices majorly in Eastern Massachusetts, Worcester County, and Rhode Island. The bank's loan portfolio constitutes the bulk of the bank's total assets. Its borrowers consist mostly of small to medium-size businesses and consumers, majority of which are made to its market area in eastern Massachusetts and Rhode Island. The bank's loan portfolio is predominantly in commercial loans.
68GF Score
Get the complete analysis for INDB
Equity-to-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
INDB has been successfully added to your 
