Independent Bank Corp. (INDB)

NASDAQ: INDB · IEX Real-Time Price · USD
87.50
+0.76 (0.88%)
Aug 15, 2022 4:00 PM EDT - Market closed
0.88%
Market Cap 4.02B
Revenue (ttm) 581.02M
Net Income (ttm) 156.58M
Shares Out 45.90M
EPS (ttm) 3.51
PE Ratio 24.93
Forward PE 16.05
Dividend $1.98 (2.26%)
Ex-Dividend Date Jun 24, 2022
Volume 173,307
Open 86.14
Previous Close 86.74
Day's Range 86.00 - 87.77
52-Week Range 68.93 - 93.52
Beta 0.83
Analysts Buy
Price Target 99.28 (+13.5%)
Earnings Date Jul 21, 2022

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. 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 manage... [Read more...]

Industry Banks
Founded 1907
Employees 1,691
Stock Exchange NASDAQ
Ticker Symbol INDB
Full Company Profile

Financial Performance

In 2021, INDB's revenue was $489.20 million, an increase of 14.66% compared to the previous year's $426.67 million. Earnings were $120.99 million, a decrease of -0.14%.

Financial Statements

Analyst Forecast

According to 9 analysts, the average rating for INDB stock is "Buy." The 12-month stock price forecast is 99.28, which is an increase of 13.46% from the latest price.

Price Target
$99.28
(13.46% upside)
Analyst Consensus: Buy
Stock Forecasts

News

Independent Bank Corp. (INDB) Q2 Earnings and Revenues Surpass Estimates

Independent Bank Corp. (INDB) delivered earnings and revenue surprises of 3.94% and 2.47%, respectively, for the quarter ended June 2022. Do the numbers hold clues to what lies ahead for the stock?

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 $1.32 ...

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 results ...

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 $0.51 per share dividend. The ...

Independent Bank Corp. (INDB) Q1 Earnings Meet Estimates

Independent Bank Corp. (INDB) delivered earnings and revenue surprises of 0% and 0.36%, respectively, for the quarter ended March 2022. Do the numbers hold clues to what lies ahead for the stock?

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 p...

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 o...

Is Independent Bank (INDB) Stock a Solid Choice Right Now?

Independent Bank (INDB) has seen solid earnings estimate revision activity over the past month, and belongs to a strong industry as well.

Independent Bank (INDB) Announces 6% Sequential Dividend Hike

Independent Bank (INDB) declares a quarterly cash dividend of 51 cents per share. This represents a 6.25% hike from the prior payout.

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. The ...

Here's Why Independent Bank (INDB) Stock is Worth Buying Now

Independent Bank's (INDB) organic and inorganic growth efforts, along with solid balance sheet and liquidity positions, make it worth betting on.

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 C...

Independent Bank Corp. (INDB) Q4 Earnings and Revenues Surpass Estimates

Independent Bank Corp. (INDB) delivered earnings and revenue surprises of 58.25% and 1.61%, respectively, for the quarter ended December 2021. Do the numbers hold clues to what lies ahead for the stock?

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 p...

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.

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 results ...

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 ...

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 Global...

Independent Bank Corp. (INDB) Q3 Earnings Top Estimates

Independent Bank Corp. (INDB) delivered earnings and revenue surprises of 19.05% and -1.21%, respectively, for the quarter ended September 2021. Do the numbers hold clues to what lies ahead for the stock?

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 p...

Earnings Preview: Independent Bank Corp. (INDB) Q3 Earnings Expected to Decline

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.

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 o...

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 Direc...

Independent Bank (INDB), Meridian (EBSB) Get Merger Approval

Independent Bank (INDB) and Meridian (EBSB) receive shareholder approval for the previously announced merger deal.

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 Glob...