Independent Bank Corp/MA (INDB)
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About
Business overview of Independent Bank Corp/MA (INDB)
Independent Bank Corp is a bank holding company and the sole shareholder of its bank, the Rockland Trust Company. Rockland is a community-oriented commercial bank. The bank provides a variety of banking, investment and financial services, operating with various retail branches, as well as a network of commercial and residential lending centers, and investment management offices majorly in Eastern Massachusetts, Worcester County, and Rhode Island. The bank's loan portfolio constitutes the bulk of the bank's total assets. Its borrowers consist mostly of small to medium-size businesses and consumers, majority of which are made to its market area in eastern Massachusetts and Rhode Island. The bank's loan portfolio is predominantly in commercial loans.
Key Insights
Critical company metrics and information
Share Price
$71.67Market Cap
$3.05 BillionTotal Outstanding Shares
42.49 Million SharesTotal Employees
1,787Dividend
$0.57 Per Share QuarterlyIPO Date
January 1, 1986SIC Description
State Commercial BanksHomepage
https://www.rocklandtrust.com
Historical Stock Splits
Execution Date | Split Amount |
---|---|
No Historical Stock Splits |
Cash Flow Statement
October 1, 2023 to September 30, 2024
Metric | Value |
---|---|
Net Cash Flow | $204.32 Million |
Net Cash Flow From Financing Activities, Continuing | $-150.02 Million |
Net Cash Flow From Investing Activities | $113.81 Million |
Net Cash Flow From Financing Activities | $-150.02 Million |
Net Cash Flow, Continuing | $204.32 Million |
Net Cash Flow From Operating Activities | $240.54 Million |
Net Cash Flow From Investing Activities, Continuing | $113.81 Million |
Net Cash Flow From Operating Activities, Continuing | $240.54 Million |
Income Statement
October 1, 2023 to September 30, 2024
Metric | Value |
---|---|
Noninterest Expense | $400.69 Million |
Revenues | $843.60 Million |
Net Income/Loss Attributable To Noncontrolling Interest | $0.00 |
Income/Loss From Continuing Operations Before Tax | $255.11 Million |
Interest And Dividend Income, Operating | $843.60 Million |
Net Income/Loss Attributable To Parent | $196.85 Million |
Interest Expense, Operating | $309.75 Million |
Other Operating Expenses | $548.46 Million |
Provision For Loan, Lease, And Other Losses | $34.25 Million |
Depreciation and Amortization | $40.03 Million |
Basic Earnings Per Share | $4.60 |
Interest Income/Expense Operating, Net | $562.16 Million |
Participating Securities, Distributed And Undistributed Earnings/Loss, Basic | $0.00 |
Income Tax Expense/Benefit | $80.72 Million |
Benefits Costs and Expenses | $588.49 Million |
Basic Average Shares | $127.27 Million |
Net Income/Loss | $196.85 Million |
Preferred Stock Dividends And Other Adjustments | $0.00 |
Income/Loss From Continuing Operations After Tax | $176.91 Million |
Operating Expenses | $588.49 Million |
Net Income/Loss Available To Common Stockholders, Basic | $196.85 Million |
Diluted Average Shares | $42.27 Million |
Operating Income/Loss | $255.11 Million |
Interest Income/Expense After Provision For Losses | $527.91 Million |
Costs And Expenses | $588.49 Million |
Income Tax Expense/Benefit, Deferred | $7.83 Million |
Diluted Earnings Per Share | $4.60 |
Noninterest Income | $127.89 Million |
Balance Sheet
October 1, 2023 to September 30, 2024
Metric | Value |
---|---|
Liabilities | $16.43 Billion |
Commitments and Contingencies | $0.00 |
Current Liabilities | $16.43 Billion |
Current Assets | $19.41 Billion |
Equity Attributable To Parent | $2.98 Billion |
Fixed Assets | $192.20 Million |
Assets | $19.41 Billion |
Liabilities And Equity | $19.41 Billion |
Noncurrent Assets | $0.00 |
Equity | $2.98 Billion |
Equity Attributable To Noncontrolling Interest | $0.00 |
Noncurrent Liabilities | $0.00 |
Historical Dividends
Current dividend: $0.57 Per Share Quarterly
Announcement Date | Payment Date | Record Date | Amount | Frequency |
---|---|---|---|---|
Sep 19, 2024 | Oct 4, 2024 | Sep 30, 2024 | $0.57 | Quarterly |
Jun 20, 2024 | Jul 8, 2024 | Jul 1, 2024 | $0.57 | Quarterly |
Mar 21, 2024 | Apr 5, 2024 | Apr 1, 2024 | $0.57 | Quarterly |
Dec 14, 2023 | Jan 5, 2024 | Dec 26, 2023 | $0.55 | Quarterly |
Sep 21, 2023 | Oct 6, 2023 | Oct 2, 2023 | $0.55 | Quarterly |
Jun 15, 2023 | Jul 7, 2023 | Jun 26, 2023 | $0.55 | Quarterly |
Mar 16, 2023 | Apr 6, 2023 | Mar 27, 2023 | $0.55 | Quarterly |
Dec 8, 2022 | Jan 6, 2023 | Dec 27, 2022 | $0.55 | Quarterly |
Sep 15, 2022 | Oct 7, 2022 | Sep 26, 2022 | $0.51 | Quarterly |
Jun 16, 2022 | Jul 8, 2022 | Jun 27, 2022 | $0.51 | Quarterly |
Mar 17, 2022 | Apr 8, 2022 | Mar 28, 2022 | $0.51 | Quarterly |
Dec 9, 2021 | Jan 7, 2022 | Dec 27, 2021 | $0.48 | Quarterly |
Sep 16, 2021 | Oct 8, 2021 | Sep 27, 2021 | $0.48 | Quarterly |
Jun 17, 2021 | Jul 9, 2021 | Jun 28, 2021 | $0.48 | Quarterly |
Mar 18, 2021 | Apr 9, 2021 | Mar 29, 2021 | $0.48 | Quarterly |
Dec 10, 2020 | Jan 8, 2021 | Dec 28, 2020 | $0.46 | Quarterly |
Sep 17, 2020 | Oct 9, 2020 | Sep 28, 2020 | $0.46 | Quarterly |
Jun 18, 2020 | Jul 10, 2020 | Jun 29, 2020 | $0.46 | Quarterly |
Mar 19, 2020 | Apr 9, 2020 | Mar 30, 2020 | $0.46 | Quarterly |
Dec 12, 2019 | Jan 10, 2020 | Dec 30, 2019 | $0.44 | Quarterly |
Sep 19, 2019 | Oct 11, 2019 | Sep 30, 2019 | $0.44 | Quarterly |
Jun 20, 2019 | Jul 12, 2019 | Jul 1, 2019 | $0.44 | Quarterly |
Mar 13, 2019 | Apr 5, 2019 | Mar 25, 2019 | $0.44 | Quarterly |
Dec 13, 2018 | Jan 11, 2019 | Dec 31, 2018 | $0.38 | Quarterly |
Sep 20, 2018 | Oct 5, 2018 | Oct 1, 2018 | $0.38 | Quarterly |
Jun 21, 2018 | Jul 10, 2018 | Jul 2, 2018 | $0.38 | Quarterly |
Mar 15, 2018 | Apr 6, 2018 | Mar 26, 2018 | $0.38 | Quarterly |
Dec 14, 2017 | Jan 5, 2018 | Dec 26, 2017 | $0.32 | Quarterly |
Sep 22, 2017 | Oct 6, 2017 | Oct 2, 2017 | $0.32 | Quarterly |
Jun 15, 2017 | Jul 7, 2017 | Jun 26, 2017 | $0.32 | Quarterly |
Mar 16, 2017 | Apr 7, 2017 | Mar 27, 2017 | $0.32 | Quarterly |
Dec 8, 2016 | Jan 6, 2017 | Dec 26, 2016 | $0.29 | Quarterly |
Sep 15, 2016 | Oct 7, 2016 | Sep 26, 2016 | $0.29 | Quarterly |
Jun 16, 2016 | Jul 8, 2016 | Jun 27, 2016 | $0.29 | Quarterly |
Mar 17, 2016 | Apr 8, 2016 | Mar 28, 2016 | $0.29 | Quarterly |
Dec 10, 2015 | Jan 8, 2016 | Dec 28, 2015 | $0.26 | Quarterly |
Sep 17, 2015 | Oct 9, 2015 | Sep 28, 2015 | $0.26 | Quarterly |
Jun 18, 2015 | Jul 10, 2015 | Jun 29, 2015 | $0.26 | Quarterly |
Mar 19, 2015 | Apr 10, 2015 | Mar 30, 2015 | $0.26 | Quarterly |
Dec 11, 2014 | Jan 9, 2015 | Dec 29, 2014 | $0.24 | Quarterly |
Sep 18, 2014 | Oct 10, 2014 | Sep 29, 2014 | $0.24 | Quarterly |
Jun 19, 2014 | Jul 11, 2014 | Jun 30, 2014 | $0.24 | Quarterly |
Mar 20, 2014 | Apr 11, 2014 | Mar 31, 2014 | $0.24 | Quarterly |
Dec 12, 2013 | Jan 10, 2014 | Dec 30, 2013 | $0.22 | Quarterly |
Sep 19, 2013 | Oct 11, 2013 | Sep 30, 2013 | $0.22 | Quarterly |
Jun 20, 2013 | Jul 12, 2013 | Jul 1, 2013 | $0.22 | Quarterly |
Mar 21, 2013 | Apr 12, 2013 | Apr 1, 2013 | $0.22 | Quarterly |
Dec 12, 2012 | Dec 31, 2012 | Dec 24, 2012 | $0.21 | Quarterly |
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