Basis: FMP quote price / unrounded FMP forward EPS in the trading currency, available after its recorded retrieval time. Source: stored company filings and market data; unavailable inputs remain N/A.
The forward PE ratio is 11.10 as of 2026-10-06T19:17:11.415Z.
Consensus retrieved: 2026-10-06T12:46:23.106Z. This records retrieval, including cache reads, rather than vendor publication. The calculation uses the separately dated price and estimate available at its as-of time.
Calculation as of: 2026-10-06T19:17:11.415Z.
Quote observation: 2026-10-06T19:15:26.000Z. Amounts in USD. The price header may show a later quote.
FMP input reference: d6949ebc85a4ab8d25b1e25ac413938eef7c13e6e51fa6a5ed9901310d4377bb
Forward PE Ratio (11.10) = Dated Quote Price ($79.59) / Consensus Forward EPS ($7.17)
FORWARD PE RATIO
11.10
SECTOR MEDIAN · FINANCIAL SERVICES
11.14
median of 402 covered companies
CURRENT VS SECTOR MEDIAN
-0.36%
vs the sector median at left
Independent Bank Corp.
Market Cap
$3.84B
Forward PE Ratio
11.10
| NAME | MARKET CAP | FORWARD PE RATIO |
|---|---|---|
| Independent Bank Corp. (INDB) | $3.84B | 11.10 |
| CorVel Corporation (CRVL)vs › | $3.87B | N/A |
| WesBanco, Inc. (WSBCO)vs › | $3.87B | 6.93 |
| Sezzle Inc. (SEZL)vs › | $3.78B | 21.46 |
| WSFS Financial Corporation (WSFS)vs › | $3.96B | 11.51 |
| BFC Capital Trust II PFD TR 7.20% (BANFP)vs › | $3.69B | N/A |
| Genworth Financial, Inc. (GNW)vs › | $3.69B | 8.74 |
| Texas Capital Bancshares, Inc. (TCBIO)vs › | $4.00B | 2.51 |
| Cathay General Bancorp (CATY)vs › | $4.03B | 10.79 |
| Texas Capital Bancshares, Inc. (TCBI)vs › | $4.05B | 12.63 |
Trailing P/E
14.4
reported TTM EPS
Forward P/E
11.1
consensus EPS · fiscal year ending 2026-12-31
The gap between the two multiples is the consensus growth expectation: analysts' forward EPS of $7.17 implies +29.4% EPS growth vs the reported trailing $5.54.
At the dated quote price of $79.59, each upcoming fiscal year's consensus EPS implies a different multiple — how quickly the price is "paid down" by expected earnings if the estimates hold.
| Fiscal year end | Consensus EPS | Estimate range | Analysts | Implied P/E |
|---|---|---|---|---|
| 2026-12-31 | $7.17 | $7.08 – $7.26 | 5 | 11.1x |
| 2027-12-31 | $8.28 | $7.93 – $8.48 | 5 | 9.6x |
| 2028-12-31 | $9.20 | $9.15 – $9.25 | 1 | 8.7x |
Source: FMP analyst consensus estimates, refreshed with the daily precompute. "n/m" = the consensus EPS is not positive, so a multiple is undefined. There is no forward P/E history chart here because charting one would require the estimates as they stood in the past, which we do not store — see the trailing P/E history for how the realized multiple has moved.
PE Ratio = Share Price / Diluted EPS (TTM)
The price-to-earnings ratio measures how much investors pay for each dollar of trailing earnings. A lower PE can indicate a cheaper valuation; a higher PE implies higher growth expectations.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
