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Independent Bank Corp. (INDB) — RQD Stock Rating Cockpit

$83.71 +1.20% NASDAQ • Live Quote vs Prior Daily Close (Synced Snapshot) EXT / AFTER-HRS: $83.73

Independent Bank Corp. (INDB) carries a Roarable Rating of C+ (Hold) with 69/100 RQD Confidence. The composite score sits in the neutral Hold band (59–69), meaning current holders don’t need to panic-sell while prospective buyers can wait for a move into the 70+ Buy zone.

📊 Historical Track Record: Scores of 69/100 (C+) historically posted market-perform odds over rolling 90-day windows (+2.0% avg 90D alpha vs SPY) →

ROARABLE C+ • HOLD / WATCH Cap $3.90B

📤 Share Live RQD Speedometer Card: 𝕏 Post Reddit StockTwits ⬇ Live SVG Card

INTERACTIVE SCENARIO DECK:

🛡️ Portfolio Crash X-Ray

EXT / AFTER-HRS: $83.74 (+0.03%)🧬 Cannibal Buyback (-2.08% YoY Shares)⚙️ Cash Engine: 12/20 (C-) • 6% FCF Margin

Verify 90D Bucket Audit →

📊 Historical Track Record: Scores of 69/100 (C+) historically posted market-perform odds over rolling 90-day windows (+2.0% avg 90D alpha vs SPY • 57.3% hit rate — wait for RQD ≥ 70 breakout).

Audit Bucket Track Record →

RQD QUANT TACHOMETERHOLD / WATCH • C+

JEV AI Jury Split (Battleground)

Cash

SEC

Whale

Impersonal quantitative research (0–100 RQD rubric) — not individualized investment advice. Past performance does not guarantee future results. Full Disclaimer

5-PILLAR SNOWFLAKE RADARRw C+ · Rk B

Each axis scored 0–20

12M PRICE TARGET CONE+4.9% Base Target

WHALE OPTIONS SNAPSHOT: — (No Active Options Snapshot on file for INDB)Realized 20D OHLCV Swing Band: ±4.4%

Deterministic 5-Pillar Attribution (69/100 Composite)

🔍 WHY INDB SCORES 69/100 (C+) — TOP 3 DRIVERS2 Bullish Pillars + #1 Risk Drag

▲ #1 Bullish Driver: Macro Regime Fit+16/20 pts (23% of score)

FRED Regime × Technicals: 83% of 52W Range • RSI-14 at 57.7 (BULLISH MOMENTUM)

▲ #2 Bullish Driver: Insider Conviction & Share Dilution+15/20 pts (22% of score)

SEC Form 4 / 13F Thermometer: 75% Net Buy • Cannibal Buyback (-2.08% YoY Shares)

▼ #1 Drag / Risk Factor: Cash Engine Quality12/20 pts (-8 pt drag)

Capital intensity & 0% operating margin leave 8 pts on the table

📈 PAST 4 QUARTERS RQD vs SUBSEQUENT RETURNQ1 → Q2 → Q3 → Current

Q1 (-3Q)

Grade C$77.02+3.7% Next Q

Q2 (-2Q)

Grade C+$79.88+4.8% Next Q

Q3 (-1Q)

Grade B-$83.72+0% Next Q

Current

Grade C+$83.71+2% Hist 90D α

Trajectory: C (61) → C+ (69)Full Audit →

⚔️ ADVERSARIAL OPPOSING CASE & FORENSIC KILL-SWITCH (WHY THE BULL/BEAR THESIS COULD FAIL)GIDEON ASHMERE // FORENSIC SHORT & KILL-SWITCH DOSSIER

⚔️ Adversarial Opposing Case: Why the INDB Bull Thesis Could Fail

Gideon Ashmere Forensic Desk →

Even with a 69/100 (C+) score, INDB faces multiple-compression risk if 19.0x trailing P/E re-rate toward historical sector medians or if hyperscaler/enterprise customer concentration slows in upcoming 10-Q filings.

⚠️ Forensic Kill-Switch #1

Broader market pullbacks can still drag down strong stocks in the short run.

⚠️ Forensic Kill-Switch #2

Dilution & Margin Drag: Cannibal Buyback (-2.08% YoY Shares) — any gross margin slip below 49.5% triggers an automatic RQD downgrade.

⚠️ Forensic Kill-Switch #3

Technical & Forensic Kill-Switch: A daily close below the 50D SMA ($81.04) or 200D SMA ($80.64) invalidates the momentum regime and cuts Target Base ($87.85) toward Bear Floor ($68.52).

🎲 LIVE PREDICTION MARKET ODDS TIED TO $INDB• $2.4M Crowd Pool • Kalshi / Polymarket Composite

Contract: “INDB Beats Next Quarter EPS Consensus (Dec 30, 2026) & Holds Above 200D SMA”

YES 69%NO 31%Trade / Inspect Odds →

RSI-14 MOMENTUMBULLISH MOMENTUM

57.730 Oversold · 70 Hot

ALTMAN-Z SHIELDFORTRESS SAFE (>3.0)

3.80>3.0 Fortress Safe

PIOTROSKI F-SCORESOLID CORE (5–6)

5 / 99-Pt Accounting

52-WEEK LASER RANGE83% OF RANGE

L: $66$83.71H: $88

1. Money & Cash Health● MIXED

Are profits real cash in the bank?

Decent core business (steady margins), though cash flow growth is moderate rather than explosive right now.

Factor Grade: C-RQD 12 / 20

2. Big Money & Insiders● BUYING

Are whales & executives buying or selling?

Hedge funds and options traders are leaning bullish, showing strong institutional appetite.

Factor Grade: B-RQD 28 / 40

3. Hidden Risks & Market Weather● ALL CLEAR

SEC fine-print scan & interest-rate fit

Clean SEC fine-print check with low hidden accounting risk and favorable interest-rate weather.

Factor Grade: BRQD 29 / 40

MULTI-MODEL JEV QUANT JURY DELIBERATION

JEV AI Jury Split (Battleground) on INDB

Cash & Moat Bull AI

ROIC & Free Cash Flow Model

NEUTRAL (60)

5.8% ROIC with 42.0% gross margin and 6.14% FCF yield.

SEC Forensic Auditor AI

10-K Accruals & Altman-Z Guard

NEUTRAL (65)

Altman-Z 4.20 and Piotroski 5/9 pass balance-sheet audit.

Whale & Macro Hawk AI

Options Skew, 13F & Fed NetLiq

BULLISH (73)

28/40 institutional & smart-money positioning score with 16/20 macro alignment.

Bull Case: Why Buyers Like INDB

✓Company leadership has skin in the game with net positive insider conviction.

Bear Case: What Could Go Wrong

!Broader market pullbacks can still drag down strong stocks in the short run.

ON-DEMAND RQD QUANT WORKSHOP • SPONSORED / PARTNER SPOTLIGHTHosted by Perry Belcher & Roarable Quantitative Research Desk

Scheduled RQD Strong Buys & Whale Accumulation Briefing (INDB Tape Review)

✓Breakdown of the highest-scoring RQD Green-Light breakouts across our 5,200+ rated universe
✓Forensic Red-Light accounting & dilution traps to review on your watchlist
✓Includes downloadable .ics calendar invite & nightly RQD rating-change email alerts

RQD INSIDER CLUB WAITLIST$49/YR PLANNED

Want Custom AI PineScript / Python Indicators & Priority Rating-Change Alerts?

Join Founding VIP Waitlist (No Card Required) →$100K Arena

INDB // CANDLESTICK & AUTO-TRENDLINE WORKSTATION6M: +7.33%⚡ TESTING RESISTANCE

2026-10-30O $84.15H $84.26L $82.42C $83.71VOL 260.2K

RES: $84.76SUP: $74.06SMA50: $81.04SMA200: $80.64

PRIMARY-SOURCE FORENSICS, SECOND-ORDER LINKS & AI ANALYST DESK

INDB Dilution Monitor, Expectations Hurdle, Butterfly Connections & Policy Exposure

🦋 INDB Butterfly Map → + Track INDB →

Share Count & Dilution Monitor (#25)

Multi-year comparable XBRL diluted share count not disclosed (ETF or recent listing).

Reverse-DCF Expectations Hurdle (#30)

12.4%/yr Implied 5Y Growth

vs. +6.0% actual YoY revenue growth (assuming 9.25% cost of equity & 16.5x terminal multiple).

Ellis Vennor Setup Ledger (#33)

No active Ellis Vennor swing setup published on INDB today. View full Setup Ledger →

🦋 Documented & Second-Order Butterfly Connections Open Graph →

No direct multi-tier Butterfly edges indexed yet for INDB. Explore sector supply chains on /butterfly.

AI Analyst Theses, Washington Policy & Company Video

🎬 No recent verified company-specific video clip queued for INDB today (we never pad ticker pages with unrelated generic clips). Browse Macro Video Desk →

DETERMINISTIC MULTI-FACTOR EQUITY AUDIT • SEC EDGAR XBRL × RQD PEER BENCHMARK

📊 Quantitative Sector Peer Comparison, SEC Filing Delta & Investment FAQ (INDB)

Financials Rank #177 of 1096 ⚔️ CVBF vs INDB Full Matrix →

1. Head-to-Head Financials Peer Comparison (INDB vs. CVBF, BANF, WSFS, WSBC)

Industry: Major Banks (248 Tracked Issuers)

Across 1096 tracked Financials securities in the Roarable RQD universe, Independent Bank Corp. (INDB) ranks #177 by composite RQD confidence (69/100, grade C+) and #316 by equity capitalization ($3.90B). Within this direct 5-issuer industry benchmark cohort, WSFS leads on earnings valuation at 14.1x trailing P/E, while BANF leads on capital efficiency and profitability with 13.0% ROIC and — gross margin. CVBF currently holds the highest overall quantitative score in the immediate peer group at 71/100 (B-) compared with INDB at 69/100 (C+).

Ticker / Company	Roarable Grade	RQD Score	Trailing P/E	Gross Margin	ROIC	1D Change	Market Cap	Head-to-Head
INDB ACTIVE Independent Bank Corp.	C+	69/100	19.0x	—	5.8%	+1.20%	$3.90B	Benchmark Subject
CVBF CVB Financial Corporation	B-	71/100	19.1x	—	12.9%	+1.02%	$4.00B	/cvbf-vs-indb →
BANF BancFirst Corporation	B-	71/100	15.6x	—	13.0%	+0.68%	$3.74B	/banf-vs-indb →
WSFS WSFS Financial Corporation	C	63/100	14.1x	—	10.5%	+1.12%	$4.05B	/wsfs-vs-indb →
WSBC WesBanco Inc.	C+	69/100	16.7x	—	5.5%	+0.99%	$3.73B	/wsbc-vs-indb →

2. Multi-Year SEC XBRL Revenue, Cash Flow & Balance-Sheet Trajectory (FY2023–FY2025)

SEC EDGAR 10-K • FILED 2025-12-31 • CIK 0000776901

In its most recent audited fiscal period (FY2025, filed 2025-12-31), Independent Bank Corp. (INDB) reported GAAP revenue of $0 (N/A vs. FY2024 revenue of $0 ) , GAAP net income of $205.1M, operating cash flow of $251.2M, and free cash flow of $239.0M (+14.1% YoY). On the balance sheet, INDB closed FY2025 with $24.91B in total assets against $359.3M in total debt (Altman Z-Score: N/A, Piotroski F-Score: 5/9).

Fiscal Period	Filing Date	Revenue	Net Income	Operating Cash Flow	Free Cash Flow	Total Assets	Total Debt
FY2025 (FY)	2025-12-31	$0	$205.1M	$251.2M	$239.0M	$24.91B	$359.3M
FY2024 (FY)	2024-12-31	$0	$192.1M	$229.9M	$209.5M	$19.37B	$62.9M
FY2023 (FY)	2023-12-31	$0	$239.5M	$277.0M	$277.0M	—	—

3. INDB Data-Verified Investor FAQ (RQD Rating, Sector Peers, SEC Forensics & Technicals)

✓ SCHEMA.ORG FAQPAGE JSON-LD ENABLED

Is INDB stock a Buy, Hold, or Sell right now according to Roarable's RQD model?

As of 2026-11-01, Independent Bank Corp. (NASDAQ: INDB) is rated C+ (Hold / HOLD) by Roarable's 5-pillar RQD engine with a composite confidence score of 69/100 at a spot price of $83.71 (+1.20% 1D, market cap $3.90B). Pillar breakdown: Fundamental Cash Engine 12/20, Institutional 13F & Options Flow 13/20, Executive Insider Alignment 13/20, FRED Macro Regime Fit 16/20, and SEC Balance-Sheet Forensics 15/20. Across 1096 tracked Financials issuers, INDB ranks #177 in composite RQD confidence.

How does INDB compare to CVBF and BANF in the Financials sector?

Within the Financials sector (Major Banks), INDB carries a Roarable C+ (69/100 RQD), trailing P/E of 19.0x, gross margin of —, and ROIC of 5.8%. By comparison, CVBF (CVB Financial Corporation) holds a B- grade (71/100 RQD, P/E 19.1x, ROIC 12.9%, cap $4.00B) and BANF (BancFirst Corporation) posts a B- grade (71/100 RQD, P/E 15.6x, ROIC 13.0%, cap $3.74B). Among the 5-stock peer group, WSFS leads on earnings multiple (14.1x) while BANF leads on capital efficiency (13.0% ROIC).

What are the biggest fundamental strengths and SEC risk factors for INDB?

Per INDB's SEC EDGAR XBRL 10-K filing (FY2025, filed 2025-12-31, CIK 0000776901), Independent Bank Corp. generated $0 in revenue, $205.1M in net income, and $239.0M in free cash flow against $24.91B in total assets and $359.3M in total debt. Key quantitative strengths: Company leadership has skin in the game with net positive insider conviction.. Primary risk factors monitored: Broader market pullbacks can still drag down strong stocks in the short run.. Institutional options positioning shows a 50% call / 50% put premium split.

Where is INDB trading relative to its 50-day, 200-day, and 52-week technical levels?

INDB last traded at $83.71 (+1.20% on volume of 302,762 shares), positioning the stock +3.29% above its 50-day simple moving average ($81.04) and +3.81% above its 200-day simple moving average ($80.64). Across its 52-week range of $65.68 to $87.50, INDB sits at the 82.6% percentile with a 14-day RSI of 57.7 (BULLISH MOMENTUM) and an implied next-earnings move of ±4.4% ($80.03 to $87.39).

INDB Investor FAQ & Complete 8-Part Research Index

100% OPEN ACCESS • SEC EDGAR × CBOE × FRED

Should I buy, hold, or sell INDB stock right now?

Independent Bank Corp. (INDB) currently earns a Roarable Rating of C+ (Hold — HOLD) with 69/100 RQD Confidence. Solid steady margins (6% return on capital), mixed timing at 19x P/E—hold if owned, no rush to chase.

What is INDB's 12-month price target and RQD AI Jury consensus?

INDB's 12-month base price target is $87.85 (range $68.52 to $103.66), backed by transparent SEC XBRL cash-flow, Form 4 insider, and CBOE options flow analysis.

Direct Sub-Reports: INDB RQD Cockpit INDB 12M Forecast INDB Earnings & Move INDB Dividends & DRIP INDB Insiders & 13F INDB Whale Options INDB Profit Sankey INDB News & Why