INDB
Independent Bank Corp.
INDB's fundamentals are strong: revenue grew 31% and its operating margin rose 12 points to 41%. At 12x earnings, it's trading below its usual 15x. Analysts expect earnings growth.
SOFI
SoFi Technologies, Inc.
SOFI's fundamentals are strong and it looks cheap: trading at 28x earnings, below its usual 43x. Analysts expect strong earnings growth.
INDB Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Strong | |
| N/A | |
| N/A |
INDB's revenue and profitability are currently healthy. Free cash flow and net leverage aren't meaningful measures for financial services companies like INDB.
SOFI Fundamentals
| Metric | Status |
|---|---|
| Strong | |
| Healthy | |
| N/A | |
| N/A |
SOFI's revenue and profitability are currently healthy. Free cash flow and net leverage aren't meaningful measures for financial services companies like SOFI.
INDB PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 10x | $67.21 | -20% |
| Forward | 10x | $84.12 | — |
| Current | 12x | $84.12 | — |
| Fair | 15x | $100 | +19% |
| Expensive | 18x | $122 | +44% |
Historical ranges are pointers, not guarantees.
INDB's PE is in its cheap range at 12x. If earnings grow as analysts expect, today's price would be 10x next year's earnings.
SOFI PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Forward | 19x | $15.63 | — |
| Current | 28x | $15.63 | — |
| Cheap | 33x | $18.24 | +17% |
| Fair | 43x | $23.82 | +52% |
| Expensive | 53x | $29.74 | +90% |
Historical ranges are pointers, not guarantees.
SOFI has the edge over INDB in the historical PE scenario, which offers more potential upside but is not a forecast.
INDB Forward outlook
| Metric | Outlook |
|---|---|
| Improving | |
| Growth | |
| Stable | |
| Strongly improving | |
| Limited | |
| High |
Analysts expect INDB's earnings to grow and its profitability to improve, with its revenue holding steady.
SOFI Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Strong growth | |
| Strong growth | |
| Strongly improving | |
| Limited | |
| Moderate |
SOFI has the edge over INDB on the outlook, with more favorable revenue expectations.
INDB Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $8.09 | +20% |
| Q3 2026 | $6.74 | +64% |
| Q2 2026 | $5.53 | +25% |
| Q1 2026 | $5.03 | +13% |
| Q4 2025 | $4.44 | -1.8% |
| Q3 2025 | $4.11 | -11% |
| Q2 2025 | $4.43 | -11% |
| Q1 2025 | $4.44 | -14% |
| Q4 2024 | $4.52 | -17% |
INDB earned $6.74 per share over the past year, up 64% from the year before.
SOFI Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $0.82 | +47% |
| Q3 2026 | $0.56 | 0% |
| Q2 2026 | $0.49 | -2% |
| Q1 2026 | $0.45 | +4.7% |
| Q4 2025 | $0.39 | 0% |
| Q3 2025 | $0.56 | +367% |
| Q2 2025 | $0.50 | +$0.72 |
| Q1 2025 | $0.43 | +$0.72 |
| Q4 2024 | $0.39 | +$0.75 |
SOFI has the edge over INDB on earnings, with more consistent year-over-year improvement.
INDB Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $261.9M | +7.5% |
| Q2 2026 | $253.3M | +39% |
| Q1 2026 | $252.7M | +42% |
| Q4 2025 | $253.9M | +44% |
| Q3 2025 | $243.7M | +39% |
| Q2 2025 | $181.8M | +6.8% |
| Q1 2025 | $178M | +6.4% |
| Q4 2024 | $176.9M | -0.2% |
INDB's revenue has grown year over year for seven quarters in a row: $262M last quarter, up 7.5% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 45% | +27 points |
| Q2 2026 | 42% | +6 points |
| Q1 2026 | 41% | +9.2 points |
| Q4 2025 | 37% | +1.8 points |
| Q3 2025 | 18% | -13 points |
| Q2 2025 | 36% | -2.8 points |
| Q1 2025 | 32% | -5.2 points |
| Q4 2024 | 36% | -4.5 points |
INDB has the edge over SOFI on profitability, with a higher operating margin.
SOFI Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $1.4B | +44% |
| Q2 2026 | $1.2B | +43% |
| Q1 2026 | $1.1B | +43% |
| Q4 2025 | $1B | +40% |
| Q3 2025 | $961.6M | +38% |
| Q2 2025 | $854.9M | +43% |
| Q1 2025 | $771.8M | +20% |
| Q4 2024 | $734.1M | +19% |
SOFI has the edge over INDB on sales, with more consistent year-over-year improvement.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 23% | +7.5 points |
| Q2 2026 | 17% | +3.6 points |
| Q1 2026 | 18% | +7.8 points |
| Q4 2025 | 18% | +9.9 points |
| Q3 2025 | 15% | +6.3 points |
| Q2 2025 | 13% | +11 points |
| Q1 2025 | 10% | -4.3 points |
| Q4 2024 | 8.2% | -0.2 points |
SOFI's operating margin was 23% last quarter, up 7.5 points from the same quarter a year ago, near the top of its range since 2021.
INDB Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $99.6M | +100% |
| Q2 2026 | $67M | -35% |
| Q1 2026 | $111.6M | +887% |
| Q4 2025 | $75.5M | +107% |
| Q3 2025 | $49.7M | -23% |
| Q2 2025 | $102.5M | +66% |
| Q1 2025 | $11.3M | -76% |
| Q4 2024 | $36.5M | -23% |
INDB has the edge over SOFI on cash generation, producing positive trailing cash flow while its opponent burns cash.
SOFI Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | -$3.1B | -$1.7B |
| Q2 2026 | -$4B | -$2.5B |
| Q1 2026 | -$2.4B | -$2.4B |
| Q4 2025 | -$1.1B | -$815.2M |
| Q3 2025 | -$1.4B | -$149M |
| Q2 2025 | -$1.5B | -$1B |
| Q1 2025 | -$31.1M | -104% |
| Q4 2024 | -$242.4M | +$39.9M |
SOFI's free cash flow was −$10.5B over the past year, against −$3.2B the year before. Free cash flow isn't a meaningful measure for financial services companies like SOFI.
INDB Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -1.7% | -820K shares |
| 1 year | -5.4% | -2.7M shares |
| 3 years | +7% | +3.1M shares |
| 5 years | +43% | +14.2M shares |
| Available history | +37% | +12.8M shares |
INDB has the edge over SOFI on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q3 2026 | $57.4M |
| Q2 2026 | $75M |
| Q1 2026 | $63.3M |
| Q4 2025 | $37.5M |
| Q3 2025 | $23.4M |
| Q2 2025 | — |
| Q1 2025 | — |
| Q4 2024 | — |
INDB spent $233M buying back its own shares over the past year, about 10 times what it spent the year before.
SOFI Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +0.4% | +5.8M shares |
| 1 year | +5.2% | +66.8M shares |
| 3 years | +43% | +407M shares |
| 5 years | +272% | +993M shares |
SOFI has 1.4B diluted shares, up 5.2% from a year ago.
| Quarter | Spent |
|---|---|
| Q4 2022 | — |
| Q3 2022 | — |
| Q2 2022 | — |
| Q1 2022 | — |
| Q4 2021 | — |
| Q3 2021 | — |
INDB Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 0.7x | Very low |
| Q2 2026 | 1.0x | Very low |
| Q1 2026 | 1.4x | Healthy |
| Q4 2025 | 0.4x | Very low |
| Q3 2025 | 1.9x | Healthy |
| Q2 2025 | 1.7x | Healthy |
| Q1 2025 | 2.1x | Moderate |
| Q4 2024 | -0.4x | Net Cash |
INDB's net debt is less than a year of its operating earnings (EBITDA), down from 1.9 years a year ago. Net leverage isn't a meaningful measure for financial services companies like INDB.
SOFI Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | -2.4x | Net Cash |
| Q2 2026 | -3.1x | Net Cash |
| Q1 2026 | -3.8x | Net Cash |
| Q4 2025 | -6.5x | Net Cash |
| Q3 2025 | -5.2x | Net Cash |
| Q2 2025 | -4.0x | Net Cash |
| Q1 2025 | -4.9x | Net Cash |
| Q4 2024 | -5.8x | Net Cash |
SOFI has the edge over INDB on leverage, with a lower net debt burden relative to earnings.
INDB Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 56.1 | Neutral |
| Stochastic | 66.4 | Neutral |
INDB's weekly RSI is 56 (neutral) and its Stochastic is 66 (neutral).
SOFI Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 43.1 | Neutral |
| Stochastic | 41.5 | Neutral |
SOFI's weekly RSI is 43 (neutral) and its Stochastic is 41 (neutral).
INDB PE vs Financial Services Sector
| Metric | INDB | Sector median | Relative |
|---|---|---|---|
| PE | 12x | 13x | 4.1% below |
| PE % | 31 | 63 | 32 pts below |
INDB has the edge over SOFI on valuation relative to its sector.
SOFI PE vs Financial Services Sector
| Metric | SOFI | Sector median | Relative |
|---|---|---|---|
| PE | 28x | 13x | 114% above |
| PE % | 2 | 61 | 59 pts below |
SOFI is trading at 28x earnings, a 114% premium to the Financial Services sector's median of 13x.
INDB Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $81.6 | 3.1% above |
| 20 week MA | $82.9 | 1.4% above |
| 50 week MA | $80.2 | 4.9% above |
| 100 week MA | $72.9 | 15% above |
| 200 week MA | $65.4 | 29% above |
INDB has the edge over SOFI on trend strength, trading above more of its moving averages.
SOFI Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $15.7 | 0.7% below |
| 20 week MA | $17.0 | 7.8% below |
| 50 week MA | $18.9 | 17% below |
| 100 week MA | $18.9 | 17% below |
| 200 week MA | $13.5 | 16% above |
SOFI has fallen below most of its moving averages, though it's still 16% above its 200-week average.
INDB Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $83.8 | $74.0 | -12% |
| 2021 | $74.0 | $79.8 | +7.9% |
| 2022 | $79.8 | $84.8 | +6.2% |
| 2023 | $84.8 | $65.8 | -22% |
| 2024 | $65.8 | $65.0 | -1.2% |
| 2025 | $65.0 | $75.7 | +16% |
| 2026 YTD | $75.7 | $84.1 | +11% |
INDB has the edge over SOFI on returns for 2026, with the stronger performance.
SOFI Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $10.4 | $12.4 | +19% |
| 2021 | $12.4 | $15.1 | +22% |
| 2022 | $15.1 | $4.61 | -69% |
| 2023 | $4.61 | $9.95 | +116% |
| 2024 | $9.95 | $16.0 | +61% |
| 2025 | $16.0 | $27.1 | +69% |
| 2026 YTD | $27.1 | $15.6 | -42% |
SOFI's yearly returns have swung widely, from +116% in 2023 to −69% in 2022. It's down 42% so far in 2026.