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Market cap is the total market value to buy the whole company. It is equal to the share price times the number of Shares Outstanding (EOP). Independent Bank's share price for the quarter that ended in Mar. 2026 was $75.21. Independent Bank's Shares Outstanding (EOP) for the quarter that ended in Mar. 2026 was 48.5 Mil. Therefore, Independent Bank's market cap for the quarter that ended in Mar. 2026 was $3,647.3 Mil.
Independent Bank's quarterly market cap
increased
from Sep. 2025 ($3,438.4 Mil) to Dec. 2025 ($3,593.3 Mil) and
increased
from Dec. 2025 ($3,593.3 Mil) to Mar. 2026 ($3,647.3 Mil).
Independent Bank's annual market cap
declined
from Dec. 2023 ($2,821.5 Mil) to Dec. 2024 ($2,723.1 Mil) but then
increased
from Dec. 2024 ($2,723.1 Mil) to Dec. 2025 ($3,593.3 Mil).
Enterprise Value is the theoretical takeover price. It is more comprehensive than market capitalization (market cap), which only includes common equity. Enterprise Value is calculated as the market cap plus debt and minority interest and preferred shares, minus total cash and cash equivalents. Independent Bank's Enterprise Value for Today is $3,663.6 Mil.
Independent Bank (NAS:INDB) Market Cap Explanation
Market cap is not the real price you pay for a company. If you buy the company and become its owner, you become the owner of the cash the company has, and you also assume the companys debt. The real price you pay is the Enterprise Value.
Warren Buffett uses the ratio of total market cap of all public traded companies over GDP to measure if the market is expensive. As of April 2012, the US total market cap is about $14.7 trillion, while the US GDP is about $15 trillion. The market was modestly overvalued.
Independent Bank Market Cap Related Terms
Independent Bank Market Cap Historical Data
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The historical data trend for Independent Bank's Market Cap 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.
For the Banks - Regional subindustry, Independent Bank's Market Cap, along with its competitors' market caps and Market Cap 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 Market Cap vs Banks Industry
For the Banks industry and Financial Services sector, Independent Bank's Market Cap distribution charts can be found below:
* The bar in red indicates where Independent Bank's Market Cap falls into.
Market cap is the short version of market capitalization. It is the total market value to buy the whole company. It is equal to the share price times the number of shares outstanding.
Independent Bank's Market Cap 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 Market Cap of $3,963.4 Mil as of Aug. 09, 2026. Market cap equals the total value of a company's shares: price times shares outstanding. View historical data on Independent Bank and its competitors. According to the industry distribution chart, Independent Bank ranks #361 out of 1542 companies in the Banks industry, placing it in the top 23.4%.
Is Independent Bank's Market Cap too high?
Independent Bank's current Market Cap is $3,963.4 Mil. The Banks industry median Market Cap is 739.15. Independent Bank's value of $3,963.4 Mil is 436.2% above this industry median. Based on the distribution chart, Independent Bank ranks #361 out of 1542 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 64/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Independent Bank's Market Cap compare to RNST and WSFS?
According to the Banks industry distribution chart, Independent Bank ranks #361 out of 1542 companies for Market Cap. This places Independent Bank in the top 23% of its industry — outperforming the majority of peers. The industry median Market Cap is 739.15. Independent Bank's value of $3,963.4 Mil is 436.2% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Market Cap for a Banks company?
The median Market Cap among Banks companies is 739.15, based on 1,542 companies in the industry. Companies in the top quartile (top 25%) have a Market Cap significantly above this median, while those in the bottom quartile fall well below. However, Market Cap should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Independent Bank's current Market Cap of $3,963.4 Mil is 436.2% 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 Market Cap mean?
A high Market Cap can signal that a stock is expensive relative to its fundamentals. Market cap equals the total value of a company's shares: price times shares outstanding. View historical data on Independent Bank and its competitors. For the Banks industry, the median Market Cap is 739.15 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Independent Bank's current Market Cap is $3,963.4 Mil. 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 Modestly Overvalued. The stock's GF Value™ is $75.60, compared to a current price of $83.67 — trading 10.7% above its estimated fair value. The current Market Cap is $3,963.4 Mil and 436.2% above the Banks industry median of 739.15. Independent Bank's overall GF Score™ is 64/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Market Cap calculated?
Market Cap is calculated from a company's financial statements. For Independent Bank (INDB), the current Market Cap is $3,963.4 Mil as of Aug. 09, 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 $83.67 is trading 10.7% above its estimated GF Value™ of $75.60.
GuruFocus considers Independent Bank to be Modestly Overvalued.
Key valuation signals for INDB:
Market Cap: $3,963.4 Mil
GF Value™: $75.60 vs. price of $83.67 (10.7% above fair value)
Industry Position: 436.2% above the Banks median (#361 of 1542)
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.
64GF Score
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