Independent Bank Book Value Per Share Growth & History (INDB)
Independent Bank's book value per share was $72.41 for fiscal 2025.
View full Independent Bank company overviewIndependent Bank annual book value per share history
| Fiscal year | Period ended | Book value per share | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | $72.41 | $1.98 | +2.82% |
| 2024 | 2024-12-31 | $70.43 | $2.89 | +4.29% |
| 2023 | 2023-12-31 | $67.53 | $4.28 | +6.77% |
| 2022 | 2022-12-31 | $63.25 | -$0.50 | −0.78% |
| 2021 | 2021-12-31 | $63.75 | $12.10 | +23.42% |
| 2020 | 2020-12-31 | $51.65 | $1.96 | +3.95% |
| 2019 | 2019-12-31 | $49.69 | $11.52 | +30.17% |
| 2018 | 2018-12-31 | $38.17 | $3.86 | +11.25% |
| 2017 | 2017-12-31 | $34.31 | $2.34 | +7.31% |
| 2016 | 2016-12-31 | $31.98 | $2.64 | +8.99% |
| 2015 | 2015-12-31 | $29.34 | $2.65 | +9.93% |
| 2014 | 2014-12-31 | $26.69 | $1.84 | +7.41% |
| 2013 | 2013-12-31 | $24.85 | $1.61 | +6.91% |
| 2012 | 2012-12-31 | $23.24 | $1.43 | +6.53% |
| 2011 | 2011-12-31 | $21.82 | $1.25 | +6.07% |
| 2010 | 2010-12-31 | $20.57 | -$0.44 | −2.09% |
| 2009 | 2009-12-31 | $21.01 | — | — |
Independent Bank quarterly book value per share
| Fiscal quarter | Period ended | Book value per share | Change | YoY change |
|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | $73.76 | $1.63 | +2.26% |
| Q1 2026 | 2026-03-31 | $72.92 | $1.73 | +2.44% |
| Q4 2025 | 2025-12-31 | $72.41 | $1.98 | +2.82% |
| Q3 2025 | 2025-09-30 | $71.24 | $1.16 | +1.65% |
| Q2 2025 | 2025-06-30 | $72.13 | $3.40 | +4.94% |
| Q1 2025 | 2025-03-31 | $71.19 | $3.25 | +4.78% |
| Q4 2024 | 2024-12-31 | $70.43 | $2.89 | +4.29% |
| Q3 2024 | 2024-09-30 | $70.08 | $4.72 | +7.21% |
| Q2 2024 | 2024-06-30 | $68.74 | $4.04 | +6.25% |
| Q1 2024 | 2024-03-31 | $67.94 | $3.77 | +5.87% |
| Q4 2023 | 2023-12-31 | $67.53 | $4.28 | +6.77% |
| Q3 2023 | 2023-09-30 | $65.37 | $3.63 | +5.88% |
| Q2 2023 | 2023-06-30 | $64.69 | $2.37 | +3.80% |
| Q1 2023 | 2023-03-31 | $64.17 | $1.58 | +2.52% |
| Q4 2022 | 2022-12-31 | $63.25 | -$0.50 | −0.78% |
| Q3 2022 | 2022-09-30 | $61.73 | $8.59 | +16.17% |
| Q2 2022 | 2022-06-30 | $62.32 | $9.61 | +18.22% |
| Q1 2022 | 2022-03-31 | $62.59 | $10.65 | +20.50% |
| Q4 2021 | 2021-12-31 | $63.75 | $12.10 | +23.42% |
| Q3 2021 | 2021-09-30 | $53.14 | $1.87 | +3.64% |
| Q2 2021 | 2021-06-30 | $52.72 | $1.98 | +3.91% |
| Q1 2021 | 2021-03-31 | $51.94 | $0.94 | +1.85% |
| Q4 2020 | 2020-12-31 | $51.65 | $1.96 | +3.95% |
| Q3 2020 | 2020-09-30 | $51.27 | $2.33 | +4.76% |
| Q2 2020 | 2020-06-30 | $50.73 | $3.13 | +6.57% |
| Q1 2020 | 2020-03-31 | $51.00 | $18.81 | +58.42% |
| Q4 2019 | 2019-12-31 | $49.69 | $11.52 | +30.17% |
| Q3 2019 | 2019-09-30 | $48.94 | $12.71 | +35.07% |
| Q2 2019 | 2019-06-30 | $47.60 | $12.12 | +34.17% |
| Q1 2019 | 2019-03-31 | $32.19 | -$2.54 | −7.32% |
| Q4 2018 | 2018-12-31 | $38.17 | $3.86 | +11.25% |
| Q3 2018 | 2018-09-30 | $36.23 | $2.30 | +6.78% |
| Q2 2018 | 2018-06-30 | $35.48 | $2.15 | +6.44% |
| Q1 2018 | 2018-03-31 | $34.74 | $2.30 | +7.08% |
| Q4 2017 | 2017-12-31 | $34.31 | $2.34 | +7.31% |
| Q3 2017 | 2017-09-30 | $33.93 | $2.86 | +9.19% |
| Q2 2017 | 2017-06-30 | $33.33 | $2.80 | +9.17% |
| Q1 2017 | 2017-03-31 | $32.44 | $2.47 | +8.25% |
| Q4 2016 | 2016-12-31 | $31.98 | $2.64 | +8.99% |
| Q3 2016 | 2016-09-30 | $31.08 | $2.11 | +7.30% |
| Q2 2016 | 2016-06-30 | $30.53 | $2.12 | +7.45% |
| Q1 2016 | 2016-03-31 | $29.96 | $1.91 | +6.81% |
| Q4 2015 | 2015-12-31 | $29.34 | $2.65 | +9.93% |
| Q3 2015 | 2015-09-30 | $28.96 | $2.73 | +10.43% |
| Q2 2015 | 2015-06-30 | $28.42 | $2.63 | +10.18% |
| Q1 2015 | 2015-03-31 | $28.05 | $2.82 | +11.17% |
| Q4 2014 | 2014-12-31 | $26.69 | $1.84 | +7.41% |
| Q3 2014 | 2014-09-30 | $26.23 | $2.02 | +8.36% |
| Q2 2014 | 2014-06-30 | $25.79 | $2.06 | +8.66% |
| Q1 2014 | 2014-03-31 | $25.23 | $1.73 | +7.36% |
| Q4 2013 | 2013-12-31 | $24.85 | $1.61 | +6.91% |
| Q3 2013 | 2013-09-30 | $24.21 | $1.45 | +6.39% |
| Q2 2013 | 2013-06-30 | $23.73 | $1.37 | +6.14% |
| Q1 2013 | 2013-03-31 | $23.50 | $1.34 | +6.06% |
| Q4 2012 | 2012-12-31 | $23.24 | $1.43 | +6.53% |
| Q3 2012 | 2012-09-30 | $22.75 | $1.27 | +5.92% |
| Q2 2012 | 2012-06-30 | $22.36 | $1.12 | +5.27% |
| Q1 2012 | 2012-03-31 | $22.16 | — | — |
| Q4 2011 | 2011-12-31 | $21.82 | $1.25 | +6.07% |
| Q3 2011 | 2011-09-30 | $21.48 | — | — |
| Q2 2011 | 2011-06-30 | $21.24 | — | — |
| Q4 2010 | 2010-12-31 | $20.57 | — | — |
Independent Bank book value per share trends
Over the last five fiscal years, Independent Bank's book value per share increased from $51.65 to $72.41, a change of $20.76. The latest reported quarter, Q2 2026, shows $73.76.
What book value per share means
Book value per share estimates the common shareholders’ accounting equity represented by each share. It can help compare a company’s balance-sheet value over time, although market value can differ substantially from book value.
How book value per share is calculated
TickerStat calculates book value per share as SEC-reported common shareholders’ equity divided by reported period-end common shares. Preferred equity is subtracted when separately reported, and basic weighted-average shares are used only when period-end shares are unavailable. Fiscal periods can differ from calendar years, so exact period-end dates are included.
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