
INDB — Independent Bank
NASDAQ · Financial Services · Banks - Regional
$79.94
-$1.24 (-1.53%)
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
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.
| Line | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|
| 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
- Website
- www.rocklandtrust.com
- Phone
- 781 878 6100
- IPO / Founded
- 1990-03-27
- Sector
- Financial Services
- Industry
- Banks - Regional