INDB

Independent Bank

INDB.US rocklandtrust.com + Research + Basket
CIK 0000776901
Employees 2,294
Phone 781 878 6100
Fiscal year end December
IPO Mar 27, 1990
Address 288 Union Street, Rockland, MA, United States, 02370
83.71
+0.99 (+1.20%)
USD · NASDAQ
52-week range
63.61
86.81
Trading at 87% of the 52-week range
Market Cap
3.97B
P/E Ratio
12.33
Forward P/E
9.48
Book Value
73.54
Div. Yield
3.03%
% Institutions
87.97%
% Insiders
1.66%

1 Year

+28.9%

3 Year

+91.1%

10 Year

+101.9%
Description

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.

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Directors & Officers

Name Title Year Born
Mr. Jeffrey J. Tengel President, CEO & Director 1963
Mr. Mark J. Ruggiero CPA Chief Financial Officer 1977
Ms. Patricia M. Natale Esq. Executive VP, General Counsel & Corporate Secretary 1966
Mr. Lee C. Powlus Executive VP & Chief Administrative Officer of Rockland Trust Company 1961
Mr. James Rizzo Executive VP & Chief Commercial Banking Officer of Rockland Trust Company 1963
Mr. David Byron Smith C.F.A. Executive VP & Chief Investment Officer NA
Ms. Maureen A. Gaffney Senior VP, Controller & Principal Accounting Officer 1979
Mr. Gerard M. Cronin Senior VP & Director of Investor Relations NA
Mr. Alastair Ironside Executive VP & Chief Marketing Officer NA
Ms. Maria S. Harris Executive VP & Chief Human Resource Officer of Rockland Trust Company 1971

Insider Trading

Open insider trading
Date Insider Name Title Transaction Type Shares Price Value SEC
Feb 06, 2026 John J Morrissey N/A Sale 1.99K $85.70 $170.37K SEC
Feb 04, 2026 Donna L Abelli N/A Sale 524.00 $85.00 $44.54K SEC
Dec 05, 2025 Thomas R Venables N/A Sale 405.00 $73.93 $29.94K SEC
Nov 21, 2025 Gerard F Nadeau N/A Sale 3.00K $70.00 $210.00K SEC
Nov 14, 2025 Ken S Ansin N/A Sale 53.00K $69.06 $3.66M SEC
Nov 10, 2025 Ken S Ansin N/A Sale 144.00K $69.94 $10.07M SEC

Shareholders

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Institutional Holders

Holder Name Shares Date Reported % Out Value % Change
BlackRock Inc 6.98M Jun 30, 2026 14.73% $0.01 -2.28%
Vanguard Portfolio Management, LLC 3.27M Jun 30, 2026 6.91% $0.01 -0.96%
State Street Corp 2.65M Jun 30, 2026 5.59% $0.01 5.78%
Dimensional Fund Advisors, Inc. 2.63M Jun 30, 2026 5.56% $0.04 2.48%
Vanguard Capital Management, LLC 2.17M Jun 30, 2026 4.58% $0.00 -1.34%
Geode Capital Management, LLC 1.44M Jun 30, 2026 3.04% $0.01 13.99%
Rockland Trust Co 1.43M Jun 30, 2026 3.01% $4.69 -2.89%
AllianceBernstein L.P. 1.18M Jun 30, 2026 2.49% $0.03 -19.00%
Channing Capital Management, LLC 953.44K Jun 30, 2026 2.01% $1.84 1.47%
Delaware Management Holdings Inc 917.17K Jun 30, 2026 1.94% $0.12 -0.50%
Citadel Advisors Llc 733.72K Jun 30, 2026 1.55% $0.01 -25.54%
Morgan Stanley - Brokerage Accounts 714.01K Jun 30, 2026 1.51% $0.00 10.26%
Reinhart Mahoney Capital Management Inc 638.98K Sep 30, 2026 1.35% $1.21 -2.87%
Verition Fund Managegment, LLC 627.38K Jun 30, 2026 1.32% $0.27 -10.47%
NORGES BANK 616.23K Jun 30, 2026 1.30% $0.01 -2.35%
Charles Schwab Investment Management Inc 592.45K Jun 30, 2026 1.25% $0.01 -1.29%
Northern Trust Corp 557.00K Jun 30, 2026 1.18% $0.01 4.40%
Bank of America Corp 533.21K Jun 30, 2026 1.13% $0.00 -10.03%
BNP Paribas Investment Partners SA 531.51K Jun 30, 2026 1.12% $0.04 -0.64%
The Goldman Sachs Group Inc 500.48K Jun 30, 2026 1.06% $0.00 -8.48%

Fund Holdings

Rank Holder Name Shares Held % of Shares Change Date Reported
1 iShares Core S&P Small-Cap ETF 2.84M 5.99% ▲ 0.00% Sep 30, 2026
2 Vanguard MStar Total Stk Mkt Idx Invest 1.49M 3.14% ▼ 3.50% Sep 30, 2026
3 iShares Russell 2000 ETF 1.19M 2.52% ▲ 0.00% Sep 30, 2026
4 Vanguard Small Cap Index 1.06M 2.25% ▼ 4.18% Sep 30, 2026
5 Nomura Small Cap Core I 731.07K 1.54% ▲ 0.00% Aug 31, 2026
6 Vanguard MStar Small Cap Value Index 693.88K 1.46% ▼ 1.74% Sep 30, 2026
7 DFA US Small Cap Value I 621.30K 1.31% ▲ 0.36% Aug 31, 2026
8 Fidelity Small Cap Index 536.78K 1.13% ▲ 0.83% Jul 31, 2026
9 BNP Paribas US Small Cap ClassicC 478.61K 1.01% ▼ 0.19% Aug 31, 2026
10 State Street® SPDR® S&PRgnllBkgETF 461.49K 0.97% ▲ 3.07% Sep 30, 2026

Financial Highlights

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Market Cap: $3.97B
P/E Ratio: $12.33
PEG Ratio: $11.00
Book Value: $73.54
Dividend/Share: $2.51
Dividend Yield: 3.03%
Earnings/Share: $6.79
Profit Margin: 32.72%
Operating Margin: 50.10%
ROA (TTM): 1.31%
ROE (TTM): 9.34%
Revenue (TTM): $998.92M
Revenue/Share (TTM): $20.63
Earnings Growth (YOY): 176.90%
Revenue Growth (YOY): 24.50%

Valuation Metrics

Enterprise Value: $3.90B
Trailing P/E: 12.33
Forward P/E: 9.48

Shares Statistics

Shares Outstanding: 47.37M
Shares Float: 46.34M
% Insiders: 1.66%
% Institutions: 87.97%
Shares Short: 2.29M
Shares Short (Prior Month): 2.12M
Short Ratio: 4.82
Short % Float: 6.53%

Stock Price History

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1 Year Price History

3 Years Price History

10 Years Price History

Max Price History

Financial Charts

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Open balance sheet Open capital intensity Download Financials (Excel)

Revenue, Net Income & Operating Cash Flow (Yearly)

Change % vs Prior Year

Revenue, Net Income & Operating Cash Flow (Quarterly)

Change % vs Prior Quarter

Operating Expenses (Yearly)

Operating Expenses (Quarterly)

Balance Sheet (Yearly)

Balance Sheet (Quarterly)

Assets Breakdown (Yearly)

Assets Breakdown (Quarterly)

Liabilities Breakdown (Yearly)

Liabilities Breakdown (Quarterly)

Income Statement Waterfall

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Open full waterfall Open balance sheet
Line Item
Step Type
Value
Revenue
adjust
$1.17B
Cost of Goods Sold
adjust
$-374.29M
Gross Profit
subtotal
$792.88M
SG&A
adjust
$-295.94M
Other Operating Expense
adjust
$-230.02M
Operating Income
subtotal
$266.92M
Other / Non-Operating Items
adjust
$-61.80M
Net Income
subtotal
$205.12M

Earnings Per Share (EPS) History

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Financial Ratios

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📦 Raw API Data (JSON Explorer)

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