Seasonality
INDB seasonality — Independent Bank Corp.
Over the last 11 years, INDB's strongest month on average has been July (+8.0%) and its weakest March (-4.3%).
Average return by month
Month-by-month statistics
| Month | Avg | Median | Up % | Best | Worst | Yrs |
|---|---|---|---|---|---|---|
| Jan | -0.81% | +2.47% | 60% | +13.5% | -14.8% | 10 |
| Feb | +0.93% | +0.98% | 50% | +13.9% | -7.0% | 10 |
| Mar | -4.32% | -4.17% | 10% | +3.1% | -17.6% | 10 |
| Apr | -1.76% | -2.67% | 30% | +13.2% | -14.7% | 10 |
| May | -2.14% | +0.37% | 50% | +8.4% | -21.2% | 10 |
| Jun | +1.34% | +0.45% | 60% | +10.3% | -7.5% | 10 |
| Jul | +8.02% | +3.81% | 80% | +35.4% | -6.4% | 10 |
| Aug | -1.59% | -2.73% | 30% | +12.5% | -13.1% | 10 |
| Sep | -3.67% | -4.54% | 20% | +10.4% | -16.7% | 10 |
| Oct | +4.82% | +6.47% | 60% | +16.7% | -5.0% | 10 |
| Nov | +6.73% | +4.03% | 89% | +18.1% | -6.4% | 9 |
| Dec | +0.06% | +0.15% | 50% | +15.4% | -12.5% | 10 |
Monthly returns heat map — INDB
price return, %| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Year |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 10.5 | -3.4 | -3.7 | 3.7 | 1.4 | 5.9 | 0.1 | -3.2 | -4.3 | 6.6 | 1.6 | +15.1% | |
| 2025 | 4.6 | 2.1 | -8.6 | -5.7 | 4.1 | 2.3 | 1.1 | 12.5 | -3.3 | -2.7 | 7.1 | 1.4 | +13.8% |
| 2024 | -14.8 | -7.0 | -0.3 | -3.4 | 1.1 | -0.1 | 26.5 | -1.3 | -6.6 | 6.4 | 15.1 | -11.3 | -2.5% |
| 2023 | -5.6 | -0.0 | -17.6 | -14.7 | -21.2 | 0.8 | 35.4 | -10.3 | -9.1 | -0.6 | 16.8 | 15.4 | -22.1% |
| 2022 | 3.5 | 2.0 | -5.0 | -5.5 | 8.0 | -4.7 | 5.5 | -6.7 | -4.7 | 16.7 | 4.0 | -6.7 | +3.6% |
| 2021 | 2.8 | 13.9 | -1.5 | -2.7 | -0.3 | -7.5 | -6.4 | 8.5 | -0.7 | 11.0 | -6.4 | 3.1 | +11.6% |
| 2020 | -13.3 | -6.5 | -4.7 | 13.2 | -4.7 | -3.4 | -3.8 | -2.6 | -16.7 | 9.4 | 18.1 | 8.0 | -12.3% |
| 2019 | 13.5 | 6.7 | -4.8 | -1.0 | -13.6 | 9.8 | 2.1 | -13.1 | 10.4 | 9.9 | 2.6 | -1.1 | +18.4% |
| 2018 | 2.1 | -2.7 | 3.1 | 1.1 | 8.4 | 0.1 | 12.8 | 3.0 | -9.3 | -5.0 | 2.5 | -12.5 | +0.7% |
| 2017 | -11.5 | 4.2 | 0.0 | -2.6 | -4.5 | 10.3 | 7.0 | -2.9 | 7.7 | -3.4 | 0.8 | -3.9 | -0.8% |
| 2016 | 8.2 |