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INDBIndependent Bank

NASDAQ · Financial Services · Banks - Regional

$82.23

+$2.29 (+2.86%)

Independent Bank (INDB) is a banks - regional company listed on NASDAQ. It is led by Jeffrey J. Tengel, based in 288 Union Street, Rockland, MA, United States, 02370, with about 2,294 employees. 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 in the United States. It provides interest checking, money market, and savings accounts, as well as demand deposits and time certificates of deposit. The company also offers commercial real estate and construction, commercial and industrial, small business, secured and unsecured commercial, and consumer real estate loans; term loans and revolving/nonrevolving lines of credit; overdraft protection and letters of credit; and residential mortgages and home equity loans and lines. In addition, it provides cash management services, such as ACH transaction processing, positive pay, and remote deposit services; investment management and trust services to individuals, institutions, small businesses, and charitable institutions; interchange fees; ATM fees; mobile, online, and telephone banking; estate settlement, financial planning, tax services, and other services; debit and credit cards; and mutual fund and unit investment trust shares, third party model portfolios, general securities, fixed and variable annuities, and life insurance products, as well as advisory platforms. Further, the company invests in low-income housing tax credit projects; holds, maintains, and disposes foreclosed properties; and operates as an investment advisor. The company was founded in 1907 and is headquartered in Rockland, Massachusetts.

Net income was $34.3M. INDB currently screens at market cap $3.84B and trailing P/E 15.8.

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About Independent Bank

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 in the United States. It provides interest checking, money market, and savings accounts, as well as demand deposits and time certificates of deposit. The company also offers commercial real estate and construction, commercial and industrial, small business, secured and unsecured commercial, and consumer real estate loans; term loans and revolving/nonrevolving lines of credit; overdraft protection and letters of credit; and residential mortgages and home equity loans and lines. In addition, it provides cash management services, such as ACH transaction processing, positive pay, and remote deposit services; investment management and trust services to individuals, institutions, small businesses, and charitable institutions; interchange fees; ATM fees; mobile, online, and telephone banking; estate settlement, financial planning, tax services, and other services; debit and credit cards; and mutual fund and unit investment trust shares, third party model portfolios, general securities, fixed and variable annuities, and life insurance products, as well as advisory platforms. Further, the company invests in low-income housing tax credit projects; holds, maintains, and disposes foreclosed properties; and operates as an investment advisor. The company was founded in 1907 and is headquartered in Rockland, Massachusetts.

INDB Key Statistics

Market Cap

$3.84B

Volume

365,674

Previous Close

$83.73

Day Range

$83.34$84.52

P/E Ratio

15.82

0

EPS

$4.52

Revenue

$0.00

Net Income

$192.08M

Gross Profit

$0.00

Free Cash Flow

$0.00

Dividend Yield

3.06%

Employees

2,294

INDB Financials

Annual income statement in USD. Latest reported periods first.

INDB annual income statement across FY2024, FY2023, FY2022, FY2021
LineFY2024FY2023FY2022FY2021
Revenue$0.00$0.00$0.00$0.00
Cost of Revenue$0.00$0.00$0.00$0.00
Gross Profit$0.00$0.00$0.00$0.00
Operating Income$0.00$0.00$0.00$0.00
Net Income$192.08M$239.50M$263.81M$120.99M
EPS (Diluted)$4.52$5.42$5.69$3.47

Total Assets

$19.37B

Total Debt

$0.00

Shareholders' Equity

$0.00

Cash & Equivalents

$0.00

Operating Cash Flow

$229.92M

Free Cash Flow

$0.00

Independent Bank Company Information

President, CEO & Director
Jeffrey J. Tengel
Headquarters
288 Union Street, Rockland, MA, United States, 02370
Phone
781 878 6100
IPO / Founded
1990-03-27
Industry
Banks - Regional
Data Updated:

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