Independent Bank Corp. (INDB)
| Market Cap | 2.13B |
| Revenue (ttm) | 741.25M |
| Net Income (ttm) | 272.83M |
| Shares Out | 44.14M |
| EPS (ttm) | 6.04 |
| PE Ratio | 7.98 |
| Forward PE | 9.41 |
| Dividend | $2.20 (4.57%) |
| Ex-Dividend Date | Sep 29, 2023 |
| Volume | 189,487 |
| Open | 48.94 |
| Previous Close | 48.80 |
| Day's Range | 47.94 - 50.09 |
| 52-Week Range | 43.28 - 91.65 |
| Beta | 0.85 |
| Analysts | Sell |
| Price Target | 71.00 (+47.33%) |
| Earnings Date | Oct 19, 2023 |
About INDB
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. It accepts interest checking, money market, and savings accounts, as well as demand deposits and time certificates of deposit. The company also offers commercial and industrial, commercial real estate and construction, small business, and consumer real estate. In addition, it provides investment management and trust services t... [Read more]
Financial Performance
In 2022, INDB's revenue was $721.42 million, an increase of 47.47% compared to the previous year's $489.20 million. Earnings were $263.81 million, an increase of 118.04%.
Financial StatementsAnalyst Forecast
According to 4 analysts, the average rating for INDB stock is "Sell." The 12-month stock price forecast is $71.0, which is an increase of 47.33% from the latest price.
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 $0.55 per share dividend. Th...
Independent Bank Corp. CEO Jeffrey Tengel and CFO Mark J. Ruggiero to Participate in the 2023 Raymond James U.S. Bank and Banking on Tech Conferences
ROCKLAND, Mass.--(BUSINESS WIRE)--Jeffrey Tengel, Chief Executive Officer and Mark J. Ruggiero, Chief Financial Officer and Executive Vice President of Consumer Lending of Independent Bank Corp. (NASD...
Independent Bank Corp. Reports Second Quarter Net Income of $62.6 Million
ROCKLAND, Mass.--(BUSINESS WIRE)--Independent Bank Corp. (Nasdaq Global Select Market: INDB), parent of Rockland Trust Company, today announced 2023 second quarter net income of $62.6 million, or $1.4...
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Marking the 12th consecutive month of declines, inflation rose only 3% in June according to the consumer price index. This was below economists' expectations of a 3.1% increase.
Independent Bank Corp.'s Announcement of Date of Second 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 second quarter result...
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Investors are right to be worried about declining values for office buildings. We appear to be at the start of a long transition for many cities, after the COVID-19 pandemic made clear that for many t...
Independent Bank Corp. Reports First Quarter Net Income of $61.2 Million
ROCKLAND, Mass.--(BUSINESS WIRE)--Independent Bank Corp. (Nasdaq Global Select Market: INDB), parent of Rockland Trust Company, today announced 2023 first quarter net income of $61.2 million, or $1.36...
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...
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Independent Bank Corp. Reports Fourth Quarter Net Income of $77.0 Million
ROCKLAND, Mass.--(BUSINESS WIRE)--Independent Bank Corp. (Nasdaq Global Select Market: INDB), parent of Rockland Trust Company, today announced 2022 fourth quarter net income of $77.0 million, or $1...
Rockland Trust Company and Independent Bank Corp. Appoint Jeffrey J. Tengel as Chief Executive Officer
ROCKLAND, Mass.--(BUSINESS WIRE)--Rockland Trust Company and its bank holding company parent Independent Bank Corp. (NASDAQ Global Select Market: INDB) today announced the appointment of Jeffrey J. ...
Independent Bank Corp.'s Announcement of Date of Fourth 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 fourth quarter resu...
Independent Bank Corp. Announces an 8% Increase in the 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 $0.55 per share dividend. ...
Independent Bank Corp. Reports Third Quarter Net Income of $71.9 Million
ROCKLAND, Mass.
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...
Independent Bank Corp. Reports Second Quarter Net Income of $61.8 Million
ROCKLAND, Mass.--(BUSINESS WIRE)--Independent Bank Corp. (Nasdaq Global Select Market: INDB), parent of Rockland Trust Company, today announced 2022 second quarter net income of $61.8 million, or $1.3...
Independent Bank Corp. Reports First Quarter Net Income of $53.1 Million
ROCKLAND, Mass.--(BUSINESS WIRE)--Independent Bank Corp. (Nasdaq Global Select Market: INDB), parent of Rockland Trust Company, today announced 2022 first quarter net income of $53.1 million, or $1.12...
Independent Bank Corp. Announces a 6% Increase in 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 $0.51 per share dividend. Th...
Independent Bank Corp. COO Robert D. Cozzone and CFO Mark J.
ROCKLAND, Mass.--(BUSINESS WIRE)--Robert D. Cozzone, Executive Vice President and Chief Operating Officer and Mark J. Ruggiero, Chief Financial Officer and Chief Accounting Officer of Independent Bank...
Independent Bank Corp. Reports Fourth Quarter Net Income of $1.7 Million
ROCKLAND, Mass.--(BUSINESS WIRE)--Independent Bank Corp. (Nasdaq Global Select Market: INDB), parent of Rockland Trust Company, today announced 2021 fourth quarter net income of $1.7 million, or $0.04...
Independent Bank Corp. and Rockland Trust Complete Meridian Bancorp, Inc. and East Boston Savings Bank Acquisition
ROCKLAND, Mass.--(BUSINESS WIRE)--Independent Bank Corp. (Nasdaq Global Select Market: INDB), parent of Rockland Trust Company, today announced the closing of its acquisition of Meridian Bancorp, Inc....
Independent Bank Corp. and Meridian Bancorp, Inc. Report Receipt of All Regulatory Approvals and Anticipated Closing Date
ROCKLAND, Mass. & PEABODY, Mass.--(BUSINESS WIRE)--Independent Bank Corp. (NASDAQ Global Select Market: INDB) (“Independent”), parent of Rockland Trust Company, and Meridian Bancorp, Inc. (NASDAQ Glob...
Independent Bank Corp. Reports Third Quarter Net Income of $40.0 Million
ROCKLAND, Mass.--(BUSINESS WIRE)--Independent Bank Corp. (Nasdaq Global Select Market: INDB), parent of Rockland Trust Company, today announced 2021 third quarter net income of $40.0 million, or $1.21...
Independent Bank Corp. and Rockland Trust Company Appoint Susan Perry O'Day to Board of Directors
ROCKLAND, Mass.--(BUSINESS WIRE)--Independent Bank Corp. (Nasdaq Global Select Market: INDB), parent of Rockland Trust Company, today announced the appointment of Susan Perry O'Day to its Board of Dir...
Independent Bank Corp. and Meridian Bancorp, Inc. Receive Shareholder Approval for Merger
ROCKLAND, Mass. and PEABODY, Mass.--(BUSINESS WIRE)--Independent Bank Corp. (NASDAQ Global Select Market: INDB) (“Independent”), parent of Rockland Trust Company, and Meridian Bancorp, Inc. (NASDAQ Gl...