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Independent Bank Corp. INDB
Financial Services - Banks - Regional - NASDAQ - US
Watchlist
$ 72.22
0.459 %
$ 3.06 B
Market Cap
15.7
P/E
1. INTRINSIC VALUE

Independent Bank Corp. operates as the bank holding company for Rockland Trust Company that provides commercial banking products and services to individuals and small-to-medium sized businesses primarily in Massachusetts. The company accepts interest checking, money market, and savings accounts, as well as demand deposits and time certificates of deposit. It also offers commercial and industrial, commercial real estate and construction, small business, consumer real estate, and personal loans. In addition, the company provides investment management and trust services to individuals, institutions, small businesses, and charitable institutions; Internet and mobile banking services, as well as estate settlement, financial planning, tax services, and other services; automated teller machine and debit cards; and mutual fund and unit investment trust shares, general securities, fixed and variable annuities, and life insurance products.[ Read More ]

The intrinsic value of one INDB stock under the base case scenario is HIDDEN Compared to the current market price of 72.2 USD, Independent Bank Corp. is HIDDEN

INDB Intrinsic Value
HIDDEN
SHOW
2. FUNDAMENTAL ANALYSIS

Price Chart INDB

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FINANCIALS
796 M REVENUE
9.32%
Growth Rates
1Year 9.32%
3Years 18.56%
5Years 15.53%
7Years 14.40%
10Years 12.28%
315 M OPERATING INCOME
-6.92%
Growth Rates
1Year -6.92%
3Years 27.28%
5Years 11.67%
7Years 13.38%
10Years 13.34%
240 M NET INCOME
-9.22%
Growth Rates
1Year -9.22%
3Years 25.50%
5Years 14.51%
7Years 17.68%
10Years 16.90%
282 M OPERATING CASH FLOW
-33.15%
Growth Rates
1Year -33.15%
3Years 63.32%
5Years 14.70%
7Years 17.09%
10Years 7.14%
-212 M INVESTING CASH FLOW
78.85%
Growth Rates
1Year 78.85%
3Years 24.32%
5Years 11.39%
7Years 1.71%
10Years -0.15%
-194 M FINANCING CASH FLOW
85.18%
Growth Rates
1Year 85.18%
3Years -3.96%
5Years -11.00%
7Years -12.07%
10Years -14.42%
249 M REVENUE
2.26%
Growth Rates
1Year 9.32%
3Years 18.56%
5Years 15.53%
7Years 14.40%
10Years 12.28%
42.6 M OPERATING INCOME
-39.59%
Growth Rates
1Year -6.92%
3Years 27.28%
5Years 11.67%
7Years 13.38%
10Years 13.34%
42.9 M NET INCOME
-16.33%
Growth Rates
1Year -9.22%
3Years 25.50%
5Years 14.51%
7Years 17.68%
10Years 16.90%
70.2 M OPERATING CASH FLOW
6.99%
Growth Rates
1Year -33.15%
3Years 63.32%
5Years 14.70%
7Years 17.09%
10Years 7.14%
62.5 M INVESTING CASH FLOW
287.68%
Growth Rates
1Year 78.85%
3Years 24.32%
5Years 11.39%
7Years 1.71%
10Years -0.15%
-22.2 M FINANCING CASH FLOW
-205.36%
Growth Rates
1Year 85.18%
3Years -3.96%
5Years -11.00%
7Years -12.07%
10Years -14.42%
Balance Sheet Decomposition Independent Bank Corp.
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Current Assets 224 M
Cash & Short-Term Investments 224 M
Receivables 0
Other Current Assets 0
Non-Current Assets 21.9 B
Long-Term Investments 2.93 B
PP&E 247 M
Other Non-Current Assets 18.7 B
Current Liabilities 10.6 B
Accounts Payable 0
Short-Term Debt 1.12 B
Other Current Liabilities 9.44 B
Non-Current Liabilities 16.5 B
Long-Term Debt 113 M
Other Non-Current Liabilities 16.3 B
EFFICIENCY
Earnings Waterfall Independent Bank Corp.
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Revenue 796 M
Cost Of Revenue 0
Gross Profit 796 M
Operating Expenses 722 M
Operating Income 315 M
Other Expenses 75.6 M
Net Income 240 M
RATIOS
100.00% GROSS MARGIN
100.00%
Averages
1Year 100.00%
3Years 100.00%
5Years 100.00%
7Years 99.87%
10Years 99.91%
39.60% OPERATING MARGIN
39.60%
Averages
1Year 39.60%
3Years 39.00%
5Years 38.38%
7Years 40.51%
10Years 40.40%
30.10% NET MARGIN
30.10%
Averages
1Year 30.10%
3Years 30.06%
5Years 29.61%
7Years 29.29%
10Years 27.47%
8.27% ROE
8.27%
Averages
1Year 8.27%
3Years 7.14%
5Years 7.64%
7Years 8.40%
10Years 8.54%
1.24% ROA
1.24%
Averages
1Year 1.24%
3Years 1.07%
5Years 1.11%
7Years 1.15%
10Years 1.09%
5.80% ROIC
5.80%
Averages
1Year 5.80%
3Years 6.05%
5Years 6.56%
7Years 7.70%
10Years 8.33%
FREE CASH FLOW ANALYSIS
Free Cash Flow Analysis Independent Bank Corp.
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Net Income 240 M
Depreciation & Amortization 25.8 M
Capital Expenditures -16 M
Stock-Based Compensation 6.38 M
Change in Working Capital 2.89 M
Others 2.6 M
Free Cash Flow 266 M
3. WALL STREET ANALYSTS ESTIMATES
Wall Street Analysts Price Targets Independent Bank Corp.
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Wall Street analysts predict an average 1-year price target for INDB of $75.7 , with forecasts ranging from a low of $65 to a high of $100 .
INDB Lowest Price Target Wall Street Target
65 USD -10.00%
INDB Average Price Target Wall Street Target
75.7 USD 4.77%
INDB Highest Price Target Wall Street Target
100 USD 38.47%
4. DIVIDEND ANALYSIS
0.96% DIVIDEND YIELD
0.57 USD DIVIDEND PER SHARE
5. COMPETITION

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BankFinancial Corporation operates as the bank holding company for BankFinancial, National Association that provides various commercial, family, and personal banking products and services.

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BFIN
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Business First Bancshares, Inc. operates as the bank holding company for b1BANK that provides various banking products and services. It offers various deposit products and services, including checking, demand, money market, time, and savings accounts; and certificates of deposits, remote deposit capture, and direct deposit services.

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49.7 USD
BFST
Undervalued 76.26%

First Bancorp operates as the bank holding company for First Bank that provides banking products and services for individuals and small to medium-sized businesses primarily in North Carolina and northeastern South Carolina.

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78.7 USD
FBNC
Undervalued 71.94%

Community West Bancshares operates as the bank holding company for Community West Bank, N.A. that provides various financial products and services in California.

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26.3 USD
CWBC
Undervalued 28.52%

Heritage Financial Corporation operates as the bank holding company for Heritage Bank that provides various financial services to small and medium sized businesses and individuals in the United States.

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28 USD
HFWA
Undervalued 7.00%

First Financial Northwest, Inc. operates as the bank holding company for First Financial Northwest Bank that provides commercial banking services in Washington.

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0.673 USD
FFNW
Overvalued 96.96%

Sierra Bancorp operates as the bank holding company for Bank of the Sierra that provides retail and commercial banking services to individuals and businesses in California.

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28.7 USD
BSRR
Overvalued 8.47%

Finward Bancorp operates as the holding company for Peoples Bank that provides various banking products and services. The company's deposit products include non-interest and interest bearing demand accounts, savings accounts, money market deposit accounts, certificate accounts, and retirement savings plans.

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28.1 USD
FNWD
Overvalued 10.63%

First Community Corporation operates as the bank holding company for First Community Bank which offers various commercial and retail banking products and services to small-to-medium sized businesses, professional concerns, and individuals.

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21.2 USD
FCCO
Overvalued 12.55%

First Capital, Inc. operates as the bank holding company for First Harrison Bank that provides various banking services to individuals and business customers.

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54.8 USD
FCAP
Undervalued 60.62%

National Bank Holdings Corporation operates as the bank holding company for NBH Bank that provides various banking products and financial services to commercial, business, and consumer clients in the United States.

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45 USD
NBHC
Overvalued 7.45%

HarborOne Bancorp, Inc. operates as the holding company for HarborOne Bank that provides financial services to individuals, families, small and mid-size businesses, and municipalities.

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1.92 USD
HONE
Overvalued 85.32%

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-8.09 USD
RMBI
Overvalued 159.44%

Berkshire Hills Bancorp, Inc. operates as the bank holding company for Berkshire Bank that provides various banking products and services. It offers various deposit accounts, including demand deposit, NOW, regular savings, money market savings, time certificates of deposit, and retirement deposit accounts; and loans, such as commercial real estate, commercial and industrial, consumer, and residential mortgage loans.

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57.3 USD
BHLB
Undervalued 87.37%

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EBC
Overvalued 56.37%

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6.47 USD
WNEB
Overvalued 27.28%

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50.5 USD
NECB
Undervalued 73.62%

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72.1 USD
FBMS
Undervalued 98.21%
6. Ownership
Insider Ownership Independent Bank Corp.
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Sold
0-3 MONTHS
0 USD 0
3-6 MONTHS
56.9 K USD 1
6-9 MONTHS
42.3 K USD 1
9-12 MONTHS
24.5 K USD 1
Bought
0 USD 0
0-3 MONTHS
0 USD 0
3-6 MONTHS
25.5 K USD 1
6-9 MONTHS
0 USD 0
9-12 MONTHS
Date Value Insider Amount Avg Price
5 months ago
Jun 03, 2024
Sell 56.9 K USD
MISKELL EILEEN C
Director
- 1134
 50.2165 USD
8 months ago
Mar 01, 2024
Bought 25.5 K USD
Ruggiero Mark J
CFO & EVP Consumer Lending
+ 500
 51.0859 USD
8 months ago
Feb 29, 2024
Sell 42.3 K USD
Abelli Donna L
Director
- 800
 52.83 USD
9 months ago
Jan 24, 2024
Sell 24.5 K USD
MISKELL EILEEN C
Director
- 400
 61.3 USD
1 year ago
Nov 03, 2023
Sell 109 K USD
MORRISSEY JOHN J
Director
- 2000
 54.59 USD
1 year ago
Oct 30, 2023
Bought 102 K USD
Tengel Jeffrey J
Chief Executive Officer
+ 2100
 48.5848 USD
1 year ago
Oct 27, 2023
Bought 24.3 K USD
Powlus Lee C
Chief Tech & Operations Off.
+ 512
 47.45 USD
1 year ago
May 04, 2023
Bought 100 K USD
Tengel Jeffrey J
Chief Executive Officer
+ 2069
 48.4154 USD
1 year ago
May 02, 2023
Bought 50.7 K USD
Jensen Barry H
Chief Technology & Ops Officer
+ 1000
 50.66 USD
1 year ago
Apr 28, 2023
Bought 56.3 K USD
Ruggiero Mark J
CFO & EVP Consumer Lending
+ 1000
 56.29 USD
1 year ago
Apr 27, 2023
Sell 72.6 K USD
Smith Scott
Director
- 1300
 55.8263 USD
1 year ago
Jan 30, 2023
Sell 31.1 K USD
ODDLEIFSON CHRISTOPHER
CEO
- 400
 77.8 USD
2 years ago
Aug 16, 2022
Sell 61.8 K USD
SEKSAY EDWARD H
General Counsel
- 700
 88.2629 USD
2 years ago
Aug 16, 2022
Sell 75.4 K USD
MISKELL EILEEN C
director:
- 858
 87.8634 USD
2 years ago
Aug 15, 2022
Sell 151 K USD
Cozzone Robert D
Chief Operating Officer
- 1750
 86.14 USD
2 years ago
Jul 27, 2022
Sell 62.3 K USD
Abelli Donna L
director:
- 750
 83.1 USD
2 years ago
Jun 09, 2022
Sell 91 K USD
MISKELL EILEEN C
director:
- 1123
 81.0433 USD
2 years ago
Jun 09, 2022
Sell 243 K USD
ODDLEIFSON CHRISTOPHER
CEO
- 3000
 80.8573 USD
2 years ago
Mar 15, 2022
Sell 127 K USD
Nadeau Gerard F
President
- 1500
 84.9397 USD
2 years ago
Feb 24, 2022
Sell 28.2 K USD
ODDLEIFSON CHRISTOPHER
CEO
- 350
 80.5 USD
2 years ago
Feb 08, 2022
Sell 77.5 K USD
Smith Scott
Director
- 900
 86.1 USD
3 years ago
Nov 18, 2021
Sell 86 K USD
Cozzone Robert D
Chief Operating Officer
- 1000
 85.95 USD
3 years ago
Nov 08, 2021
Sell 410 K USD
SEKSAY EDWARD H
General Counsel/Chief Risk Off
- 4467
 91.7581 USD
3 years ago
Nov 08, 2021
Sell 318 K USD
SEKSAY EDWARD H
General Counsel/Chief Risk Off
- 3433
 92.671 USD
3 years ago
Nov 08, 2021
Sell 9.34 K USD
SEKSAY EDWARD H
General Counsel/Chief Risk Off
- 100
 93.43 USD
3 years ago
Sep 09, 2021
Sell 59.2 K USD
Abelli Donna L
Director
- 800
 74 USD
3 years ago
Aug 23, 2021
Sell 107 K USD
OBrien Daniel F
Director
- 1365
 78.1349 USD
3 years ago
Aug 06, 2021
Sell 193 K USD
MISKELL EILEEN C
Director
- 2645
 72.7852 USD
3 years ago
Jun 11, 2021
Sell 25.1 K USD
Harris Maria S
Senior Vice President
- 316
 79.375 USD
3 years ago
May 17, 2021
Sell 47.9 K USD
Smith Scott
Director
- 600
 79.895 USD
3 years ago
May 13, 2021
Sell 116 K USD
Nadeau Gerard F
President
- 1500
 77.1507 USD
3 years ago
Apr 29, 2021
Sell 83.2 K USD
Cozzone Robert D
Chief Operating Officer
- 1000
 83.24 USD
3 years ago
Apr 30, 2021
Sell 78.1 K USD
Cozzone Robert D
Chief Operating Officer
- 950
 82.19 USD
3 years ago
Feb 01, 2021
Bought 1 K USD
MORTON JAMES O'SHANNA
Director
+ 13.281
 75.2913 USD
3 years ago
Feb 02, 2021
Sell 27.3 K USD
ODDLEIFSON CHRISTOPHER
CEO
- 355
 77 USD
3 years ago
Dec 09, 2020
Sell 58.8 K USD
MISKELL EILEEN C
Director
- 800
 73.49 USD
3 years ago
Dec 02, 2020
Sell 68.5 K USD
SEKSAY EDWARD H
General Counsel/Chief Risk Off
- 1000
 68.5018 USD
4 years ago
Aug 17, 2020
Sell 135 K USD
OBrien Daniel F
Director
- 2000
 67.544 USD
4 years ago
May 27, 2020
Sell 56.2 K USD
Abelli Donna L
Director
- 780
 72 USD
4 years ago
Apr 28, 2020
Sell 252 K USD
Cozzone Robert D
Chief Operating Officer
- 3500
 72.02 USD
4 years ago
Feb 13, 2020
Sell 30.5 K USD
ODDLEIFSON CHRISTOPHER
CEO
- 400
 76.2925 USD
4 years ago
Feb 05, 2020
Sell 114 K USD
ODDLEIFSON CHRISTOPHER
CEO
- 1500
 76.1286 USD
4 years ago
Dec 13, 2019
Sell 123 K USD
Nadeau Gerard F
President
- 1449
 84.5525 USD
4 years ago
Dec 05, 2019
Sell 652 K USD
Venables Thomas R
Director
- 7795
 83.6652 USD
4 years ago
Dec 02, 2019
Sell 456 K USD
Parent William M
Director
- 5499
 82.8925 USD
4 years ago
Dec 02, 2019
Sell 365 K USD
Parent William M
Director
- 4332
 84.361 USD
5 years ago
Nov 15, 2019
Sell 102 K USD
Venables Thomas R
Director
- 1200
 85.08 USD
5 years ago
Nov 05, 2019
Sell 171 K USD
OBrien Daniel F
Director
- 2000
 85.406 USD
5 years ago
Nov 05, 2019
Sell 21.2 K USD
SEKSAY EDWARD H
General Counsel/Chief Risk Off
- 250
 84.7393 USD
5 years ago
Nov 01, 2019
Sell 26.2 K USD
Ruggiero Mark J
CFO & Principal Acct Officer
- 318
 82.42 USD
5 years ago
Oct 29, 2019
Sell 126 K USD
Cozzone Robert D
Chief Operating Officer
- 1500
 83.97 USD
5 years ago
Oct 23, 2019
Sell 106 K USD
Venables Thomas R
Director
- 1280
 82.5 USD
5 years ago
Oct 18, 2019
Sell 1.8 M USD
Parent William M
Director
- 22500
 80 USD
5 years ago
Sep 11, 2019
Sell 562 K USD
Parent William M
Director
- 7500
 75 USD
5 years ago
May 29, 2019
Sell 99.6 K USD
OBrien Daniel F
Director
- 1370
 72.72 USD
5 years ago
May 29, 2019
Sell 24.9 K USD
OBrien Daniel F
Director
- 342
 72.87 USD
5 years ago
May 30, 2019
Sell 4.96 K USD
OBrien Daniel F
Director
- 68
 72.94 USD
5 years ago
May 07, 2019
Sell 157 K USD
JONES KEVIN J
Director
- 2000
 78.37 USD
5 years ago
May 07, 2019
Sell 161 K USD
JONES KEVIN J
Director
- 2000
 80.546 USD
5 years ago
Apr 30, 2019
Sell 97.5 K USD
Nadeau Gerard F
President
- 1215
 80.2744 USD
5 years ago
Apr 26, 2019
Sell 64 K USD
Abelli Donna L
Director
- 800
 80 USD
5 years ago
Mar 12, 2019
Sell 260 K USD
Cozzone Robert D
CFO
- 3205.5102
 81.0065 USD
5 years ago
Mar 11, 2019
Sell 204 K USD
Cozzone Robert D
CFO
- 2500
 81.6395 USD
5 years ago
Mar 11, 2019
Sell 204 K USD
Nadeau Gerard F
President
- 2500
 81.6943 USD
5 years ago
Feb 04, 2019
Sell 161 K USD
JONES KEVIN J
Director
- 2000
 80.37 USD
5 years ago
Jan 29, 2019
Sell 27.7 K USD
ODDLEIFSON CHRISTOPHER
CEO
- 350
 79.2082 USD
5 years ago
Jan 25, 2019
Sell 117 K USD
ODDLEIFSON CHRISTOPHER
CEO
- 1500
 77.9852 USD
6 years ago
Nov 13, 2018
Sell 7.92 K USD
Ruggiero Mark J
Principal Accounting Officer
- 100
 79.2 USD
6 years ago
Jul 24, 2018
Sell 90.1 K USD
RIBEIRO CARL
Director
- 1000
 90.1048 USD
6 years ago
Jun 15, 2018
Sell 242 K USD
Cozzone Robert D
CFO and Treasurer
- 3000
 80.7967 USD
6 years ago
Jun 13, 2018
Sell 84.4 K USD
OBrien Daniel F
Director
- 1050
 80.4 USD
6 years ago
Jun 08, 2018
Sell 269 K USD
Nadeau Gerard F
Director
- 3250
 82.7506 USD
6 years ago
Jun 08, 2018
Sell 160 K USD
SEKSAY EDWARD H
General Counsel
- 2000
 80 USD
6 years ago
May 30, 2018
Sell 121 K USD
MISKELL EILEEN C
Director
- 1550
 78.3032 USD
6 years ago
May 25, 2018
Sell 35.7 K USD
Venables Thomas R
Director
- 466
 76.65 USD
6 years ago
May 18, 2018
Sell 20.3 K USD
Ruggiero Mark J
Principal Accounting Officer
- 268
 75.8 USD
6 years ago
Apr 26, 2018
Sell 290 K USD
Nadeau Gerard F
Director
- 3982
 72.9042 USD
6 years ago
Feb 23, 2018
Bought 56.1 K USD
Cozzone Robert D
CFO and Treasurer
+ 788
 71.2452 USD
7. News
Independent Bank Corp. (INDB) Q3 2024 Earnings Call Transcript Independent Bank Corp. (NASDAQ:INDB ) Q3 2024 Results Conference Call October 18, 2024 10:00 AM ET Company Participants Jeff Tengel - CEO Mark Ruggiero - CFO & Head of Consumer Lending Conference Call Participants Steve Moss - Raymond James Mark Fitzgibbon - Piper Sandler Laurie Hunsicker - Seaport Research Christopher O'Connell - KBW Operator Good day, and welcome to the Independent Bank Corp Third Quarter 2024 Earnings Call Conference Call. All participants will be in listen only mode. seekingalpha.com - 4 weeks ago
Compared to Estimates, Independent Bank Corp. (INDB) Q3 Earnings: A Look at Key Metrics The headline numbers for Independent Bank Corp. (INDB) give insight into how the company performed in the quarter ended September 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals. zacks.com - 4 weeks ago
Independent Bank Corp. (INDB) Surpasses Q3 Earnings and Revenue Estimates Independent Bank Corp. (INDB) came out with quarterly earnings of $1.01 per share, beating the Zacks Consensus Estimate of $0.99 per share. This compares to earnings of $1.38 per share a year ago. zacks.com - 4 weeks ago
Independent Bank Corp. Reports Third Quarter Net Income of $42.9 Million ROCKLAND, Mass.--(BUSINESS WIRE)--Independent Bank Corp. (Nasdaq Global Select Market: INDB), parent of Rockland Trust Company, today announced 2024 third quarter net income of $42.9 million, or $1.01 per diluted share, compared to 2024 second quarter net income of $51.3 million, or $1.21 per diluted share. The decline in net income was largely attributable to an increase in the Company's loan loss provision compared to the prior quarter, partially mitigated by higher revenue levels. The increa. businesswire.com - 4 weeks ago
Analysts Estimate Independent Bank Corp. (INDB) to Report a Decline in Earnings: What to Look Out for Independent Bank Corp. (INDB) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations. zacks.com - 1 month ago
Independent Bank Corp.'s Announcement of Date of Third Quarter Conference Call ROCKLAND, Mass.--(BUSINESS WIRE)--Independent Bank Corp. (Nasdaq Global Select Market: INDB), parent of Rockland Trust Company, will host its quarterly conference call to discuss third quarter results on Friday, October 18, 2024, at 10:00 AM Eastern Time. Telephonic access will be available by dial-in at 888-336-7153 reference: INDB. Participants may also choose to pre-register for the conference by navigating to https://dpregister.com/sreg/10191403/fd2e3a95ee, which will provide a unique PIN t. businesswire.com - 1 month ago
Independent Bank Corp. Announces Quarterly Dividend ROCKLAND, Mass.--(BUSINESS WIRE)--The Board of Directors of Independent Bank Corp. (Nasdaq Global Select Market: INDB), parent of Rockland Trust Company, today announced a $0.57 per share dividend. The dividend will be payable on October 4, 2024, to stockholders of record as of the close of business on September 30, 2024. Independent Bank Corp. (NASDAQ Global Select Market: INDB) is the holding company for Rockland Trust Company, a full-service commercial bank headquartered in Massachusetts. Wi. businesswire.com - 1 month ago
Independent Bank Corp. (INDB) Upgraded to Strong Buy: Here's What You Should Know Independent Bank Corp. (INDB) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #1 (Strong Buy). zacks.com - 2 months ago
Best Income Stocks to Buy for September 6th DNBBY, INDB and TOELY made it to the Zacks Rank #1 (Strong Buy) income stocks list on September 6, 2024. zacks.com - 2 months ago
Can Independent Bank Corp. (INDB) Run Higher on Rising Earnings Estimates? Independent Bank Corp. (INDB) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions. zacks.com - 3 months ago
Best Income Stocks to Buy for July 25th TKOMY, SOI and INDB made it to the Zacks Rank #1 (Strong Buy) income stocks list on July 25, 2024. zacks.com - 3 months ago
Independent Bank Corp. (INDB) Q2 2024 Earnings Call Transcript Independent Bank Corp. (NASDAQ:INDB ) Q2 2024 Earnings Conference Call July 19, 2024 10:00 AM ET Company Participants Jeffrey Tengel - CEO Mark Ruggiero - CFO & Head of Consumer Lending Conference Call Participants Mark Fitzgibbon - Piper Sandler Laurie Hunsicker - Seaport Research Steve Moss - Raymond James Christopher O'Connell - KBW Operator Good day, and welcome to the Independent Bancorp Second Quarter 2024 Earnings Call. All participants will be in a listen-only mode. seekingalpha.com - 3 months ago
8. Profile Summary

Independent Bank Corp. INDB

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COUNTRY US
INDUSTRY Banks - Regional
MARKET CAP $ 3.06 B
Dividend Yield 0.96%
Description Independent Bank Corp. operates as the bank holding company for Rockland Trust Company that provides commercial banking products and services to individuals and small-to-medium sized businesses primarily in Massachusetts. The company accepts interest checking, money market, and savings accounts, as well as demand deposits and time certificates of deposit. It also offers commercial and industrial, commercial real estate and construction, small business, consumer real estate, and personal loans. In addition, the company provides investment management and trust services to individuals, institutions, small businesses, and charitable institutions; Internet and mobile banking services, as well as estate settlement, financial planning, tax services, and other services; automated teller machine and debit cards; and mutual fund and unit investment trust shares, general securities, fixed and variable annuities, and life insurance products. As of December 31, 2021, it operates one hundred nineteen retail branches, two limited-service retail branches, and one mobile branch located within Barnstable, Bristol, Dukes, Essex, Middlesex, Nantucket, Norfolk, Plymouth, Suffolk, and Worcester counties in Eastern Massachusetts. The company was founded in 1907 and is headquartered in Rockland, Massachusetts.
Contact 288 Union Street, Rockland, MA, 02370 https://www.rocklandtrust.com
IPO Date May 14, 1986
Employees 1787
Officers Ms. Maria S. Harris Executive Vice President & Chief Human Resource Officer of Rockland Trust Company Ms. Patricia M. Natale Esq. Executive Vice President & General Counsel Ms. Margaret McCarthy Executive Vice President & Chief Retail Banking Officer Mr. David Byron Smith C.F.A. Executive Vice President & Chief Investment Officer Ms. Maureen A. Gaffney Senior Vice President, Controller & Principal Accounting Officer Mr. Alastair Ironside Executive Vice President & Chief Marketing Officer Timothy C. Lane Senior Vice President & Chief Internal Auditor Mr. Lee C. Powlus Executive Vice President, Chief Technology & Operations Officer of Rockland Trust Company Mr. Jeffrey J. Tengel President, Chief Executive Officer & Director Mr. James Rizzo Executive Vice President & Chief Commercial Banking Officer of Rockland Trust Company