Financial Services -
Banks - Regional - NASDAQ - US
$ 61.06
-0.326 %
$ 2.6 B
Market Cap
13.75
P/E
1. INTRINSIC VALUE
Balance Sheet
Independent Bank Corp.
| Current Assets | 367 M |
| Cash & Short-Term Investments | 367 M |
| Receivables | 0 |
| Other Current Assets | 0 |
| Non-Current Assets | 19 B |
| Long-Term Investments | 16.9 B |
| PP&E | 193 M |
| Other Non-Current Assets | 1.91 B |
| Current Liabilities | 15.3 B |
| Accounts Payable | 0 |
| Short-Term Debt | 0 |
| Other Current Liabilities | 15.3 B |
| Non-Current Liabilities | 1.07 B |
| Long-Term Debt | 701 M |
| Other Non-Current Liabilities | 373 M |
EFFICIENCY
Earnings Waterfall
Independent Bank Corp.
| Revenue | 974 M |
| Cost Of Revenue | 327 M |
| Gross Profit | 647 M |
| Operating Expenses | 400 M |
| Operating Income | 247 M |
| Other Expenses | 55 M |
| Net Income | 192 M |
RATIOS
FREE CASH FLOW ANALYSIS
Free Cash Flow Analysis
Independent Bank Corp.
| Net Income | 192 M |
| Depreciation & Amortization | 40.9 M |
| Capital Expenditures | -20.4 M |
| Stock-Based Compensation | 6.52 M |
| Change in Working Capital | -10.1 M |
| Others | 1.03 M |
| Free Cash Flow | 209 M |
Wall Street Analysts Price Targets
Independent Bank Corp.
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
6.45%
INDB Average Price Target
Wall Street Target
75.7 USD
23.92%
INDB Highest Price Target
Wall Street Target
100 USD
63.77%
4. DIVIDEND
ANALYSIS
0.91%
DIVIDEND YIELD
0.59 USD
DIVIDEND PER SHARE
5. COMPETITION
6. Ownership
Insider Ownership
Independent Bank Corp.
Sold
0-3 MONTHS
126 K USD 2
3-6 MONTHS
44.8 K USD 1
6-9 MONTHS
0 USD 0
9-12 MONTHS
0 USD 0
Bought
0 USD 0
0-3 MONTHS
0 USD 0
3-6 MONTHS
0 USD 0
6-9 MONTHS
0 USD 0
9-12 MONTHS
7. News
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 $0.59 per share dividend. The dividend will be payable on July 7, 2025, to stockholders of record as of the close of business on June 30, 2025. ABOUT INDEPENDENT BANK CORP. Independent Bank Corp. (NASDAQ Global Select Market: INDB) is the holding company for Rockland Trust Company, a full-service commercial bank headquartered.
businesswire.com
- 5 days ago
Independent Bank Corp. and Enterprise Bancorp, Inc. Announce the Receipt of All Regulatory Approvals and Anticipated Closing Date
ROCKLAND, Mass. & LOWELL, Mass.--(BUSINESS WIRE)--Independent Bank Corp. (NASDAQ: INDB) (“Independent”), parent of Rockland Trust Company (“Rockland Trust”), and Enterprise Bancorp, Inc. (NASDAQ: EBTC) (“Enterprise”), parent of Enterprise Bank and Trust Company (“Enterprise Bank”), jointly announce the following in connection with Independent's proposed acquisition of Enterprise: All required regulatory approvals relating to the proposed transaction have now been received. The proposed transact.
businesswire.com
- 2 weeks ago
Independent Bank: No Signs Of A Slowdown, Attractive Yield
Independent Bank Corp. (Rockland Trust) Q1 earnings show mixed results: revenue beat expectations, but EPS missed due to higher credit loss provisions. Loan levels held steady, while deposits rose 2.4%, improving net interest margins to 3.42%, indicating a stable local economy. Asset quality mostly improved with lower nonperforming loans, but return metrics dipped slightly; efficiency ratio showed improvement.
seekingalpha.com
- 2 months ago
Independent Bank Corp. (INDB) Q1 2025 Earnings Call Transcript
Call Start: 17:30 January 1, 0000 6:25 PM ET Independent Bank Corp. (NASDAQ:INDB ) Q1 2025 Earnings Conference Call April 17, 2025 05:30 PM ET Company Participants Jeffrey Tengel - CEO Mark Ruggiero - CFO & Head of Consumer Lending Conference Call Participants Mark Fitzgibbon - Piper Sandler Steve Moss - Raymond James Laurie Hunsicker - Seaport Research Chris O'Connell - KBW Operator Good day, and welcome to the Independent Bank Corp First Quarter 2025 Earnings Call. All participants will be in a listen-only mode.
seekingalpha.com
- 2 months ago
Independent Bank Corp. (INDB) Q1 Earnings: Taking a Look at Key Metrics Versus Estimates
Although the revenue and EPS for Independent Bank Corp. (INDB) give a sense of how its business performed in the quarter ended March 2025, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
zacks.com
- 2 months ago
Independent Bank Corp. (INDB) Lags Q1 Earnings and Revenue Estimates
Independent Bank Corp. (INDB) came out with quarterly earnings of $1.06 per share, missing the Zacks Consensus Estimate of $1.18 per share. This compares to earnings of $1.12 per share a year ago.
zacks.com
- 2 months ago
Independent Bank Corp. Reports First Quarter Net Income of $44.4 Million
ROCKLAND, Mass.--(BUSINESS WIRE)--Independent Bank Corp. (Nasdaq Global Select Market: INDB), parent of Rockland Trust Company, today announced 2025 first quarter net income of $44.4 million, or $1.04 per diluted share, as compared to 2024 fourth quarter net income of $50.0 million, or $1.18 per diluted share. The decline was primarily driven by a higher loan loss provision. These financial results include pre-tax merger-related costs of $1.2 million and $1.9 million for the first quarter of 20.
businesswire.com
- 2 months ago
Is the Options Market Predicting a Spike in Independent Bank (INDB) Stock?
Investors need to pay close attention to Independent Bank (INDB) stock based on the movements in the options market lately.
zacks.com
- 2 months ago
Unlocking Q1 Potential of Independent Bank Corp. (INDB): Exploring Wall Street Estimates for Key Metrics
Get a deeper insight into the potential performance of Independent Bank Corp. (INDB) for the quarter ended March 2025 by going beyond Wall Street's top -and-bottom-line estimates and examining the estimates for some of its key metrics.
zacks.com
- 2 months ago
Independent Bank Corp. (INDB) Earnings Expected to Grow: Should You Buy?
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
- 2 months ago
Independent Bank Corp.'s Announcement of Date of First 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 first quarter results on Thursday, April 17, 2025, at 5:30 PM 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/10196701/fe73a708c2 which will provide a unique PIN to.
businesswire.com
- 2 months ago
21 Upcoming Dividend Increases To Finish Q1
The lists were created using the U.S. Dividend Champions spreadsheet and NASDAQ data, ensuring companies have at least five years of dividend growth. My investment strategy focuses on buying, holding, and adding to companies with consistent dividend growth and outperformance relevant to certain benchmarks. Top-performing stocks include MPWR, STLD, and JPM. Top REITs include CTR, FR, and REXR for their impressive returns and dividend growth rates.
seekingalpha.com
- 2 months ago
8. Profile
Summary
Independent Bank Corp. INDB
COUNTRY
US
INDUSTRY
Banks - Regional
MARKET CAP
$ 2.6 B
Dividend Yield
0.91%
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
1837
Officers
Ms. Patricia M. Natale Esq.
Executive Vice President, General Counsel & Corporate Secretary
Ms. Maria S. Harris
Executive Vice President & Chief Human Resource Officer of Rockland Trust Company
Mr. Jeffrey J. Tengel
President, Chief Executive Officer & Director
Ms. Margaret McCarthy
Executive Vice President & Chief Retail Banking Officer
Mr. Lee C. Powlus
Executive Vice President, Chief Technology & Operations Officer of Rockland Trust Company
Mr. Alastair Ironside
Executive Vice President & Chief Marketing Officer
Mr. Mark J. Ruggiero CPA
Chief Financial Officer
Mr. David Byron Smith C.F.A.
Executive Vice President & Chief Investment Officer
Timothy C. Lane
Senior Vice President & Chief Internal Auditor
Ms. Maureen A. Gaffney
Senior Vice President, Controller & Principal Accounting Officer