Independent Bank Stock (NASDAQ:INDB)


ForecastRevenueOwnershipFinancialsChartTranscripts

Previous Close

$66.64

52W Range

$52.15 - $77.23

50D Avg

$64.22

200D Avg

$64.74

Market Cap

$3.31B

Avg Vol (3M)

$377.50K

Beta

0.86

Div Yield

$2.32 (3.50%)

INDB Company Profile


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 management and trust services to individuals, institutions, small businesses, and charitable institutions; Internet and mobile banking services, as well as estate settlement, financial planning, tax services, and other services; automated teller machine and debit cards; and mutual fund and unit investment trust shares, general securities, fixed and variable annuities, and life insurance products. As of December 31, 2021, it operates one hundred nineteen retail branches, two limited-service retail branches, and one mobile branch located within Barnstable, Bristol, Dukes, Essex, Middlesex, Nantucket, Norfolk, Plymouth, Suffolk, and Worcester counties in Eastern Massachusetts. The company was founded in 1907 and is headquartered in Rockland, Massachusetts.

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Industry

Banks - Regional

Sector

Financial Services

Exchange

NASDAQ

ADR

-

Country

US

Employees

1,837

IPO Date

May 14, 1986

Website

INDB Performance


Revenue Breakdown


Revenue Breakdown by Product/Service

Product/ServiceDec 24Dec 22Dec 21
Deposit Account$26.45M$23.37M$16.75M
Investment Advisory, Management and Administrative Service$38.31M$32.77M$31.62M
Investment Advisory, Retail Investment and Insurance Service$4.43M$4.06M$3.69M
Merchant Processing$1.85M$1.53M$1.36M
ATM Charge$4.57M$3.87M$2.99M
Credit Card Income$2.34M$1.83M$1.23M
Credit Card, Merchant Discount$12.51M$10.88M$8.86M

Fiscal year ends in Dec 24 | Currency in USD

INDB Financial Summary


Dec 24Dec 23Dec 22
Revenue$852.75M$795.73M$727.92M
Operating Income-$315.13M$338.55M
Net Income$192.08M$239.50M$263.81M
EBITDA--$386.55M
Basic EPS$4.52$5.42$5.69
Diluted EPS$4.52$5.42$5.69

Fiscal year ends in Dec 24 | Currency in USD

Latest Earnings Call Transcripts


Q2 25Jul 18, 25 | 10:00 AM
Q1 25Apr 17, 25 | 5:30 PM
Q4 24Jan 17, 25 | 10:00 AM

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