Independent Bank

Independent Bank Corp. operates as a bank holding company. The company provides commercial banking, retail banking, and wealth management services and is engaged in the sale of retail investments and insurance products in Massachusetts. It offers deposit products, including demand deposits, interest checking, money market accounts, savings accounts, and time certificates of deposit. The company provides real estate loans, which include commercial mortgages that are secured by non-residential properties, residential mortgages that are secured primarily by owner-occupied residences, and mortgages for the construction of commercial and residential properties. Independent Bank was founded in 1985 and is headquartered in Rockland, MA.

Earnings data Q1 2021

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

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Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

Independent Bank posts solid Q4 results amidst CEO transition

Independent Bank's Q4 2022 earnings call highlighted strong financial results, stable credit quality, and strategic continuity despite CEO transition. The company's focus on core deposits, loan growth, and operational streamlining positions it well for future opportunities and challenges.

Independent Bank reports stable Q1 earnings amidst deposit challenges

Independent Bank's Q1 performance showcased financial stability and strategic initiatives to navigate industry challenges. While facing deposit outflows and margin pressures, the company remains focused on disciplined growth and cost management to drive future success.

Independent Bank (INDB) reports solid Q2 performance and strategic outlook

Independent Bank's Q2 2023 earnings call highlighted a robust performance, strong franchise, and strategic focus on profitability and operational efficiency. While facing challenges in net interest margin and asset quality, the bank remains optimistic about its ability to adapt and thrive in the evolving market landscape.

Independent Bank reports solid Q3 earnings, focuses on growth strategies

Independent Bank's Q3 performance reflects a balanced approach with stable deposit flows, strong fee income, and disciplined loan growth. The company aims to maintain operational resiliency, achieve top quartile performance, and enhance customer experience while addressing margin pressure and expense levels.

Independent Bank (INDB) posts strong Q4 earnings, eyes growth opportunities

Independent Bank (INDB) delivered a strong Q4 2023 performance with a focus on customer relationships, technology investments, and growth initiatives.
While facing challenges such as potential Fed rate cuts impact and expense management, the bank is well-positioned to capitalize on opportunities in organic growth and efficiency enhancements.
With a disciplined approach to M&A, successful stock buyback, and strategic cost-saving initiatives, Independent Bank aims for continued growth and value creation in 2024.

Independent Bank reports solid Q1 results, eyes securities growth

Independent Bank's Q1 performance reflects stability and growth in deposits, loans, and asset quality metrics.
Strengths lie in customer relationships, strategic priorities, and stable asset levels, while challenges include M&A opportunities and criticized loans.
Opportunities exist in increasing securities book, talent acquisition, and optimizing the balance sheet for better performance.
Overall, the bank's resilience and focus on disciplined growth position it well in the current environment.

Independent Bank (INDB) reports strong Q2 performance and eyes growth opportunities

Independent Bank's Q2 performance reflects resilience amidst challenges, leveraging strengths in asset quality and customer base. Strategic priorities focus on growth opportunities and managing risks to drive future profitability and shareholder value.

Independent Bank reports Q3 inflection point with growth opportunities

Independent Bank (INDB) reported an inflection point in Q3 with improved margins, continued deposit growth, and a focus on managing commercial real estate exposure. The bank's wealth management business grew to $7.2 billion AUA, while tangible book value increased by 9% year-over-year.
Challenges include a stressed commercial real estate loan moving to NPA status, impacting asset quality, and a migration of a large office relationship to nonperforming status. Opportunities lie in further growing the wealth management business, exploring M&A opportunities, and evaluating stock buyback economics.
Overall, Independent Bank demonstrated strength in managing deposit growth, expanding net interest margin, and actively assessing strategic opportunities. Clear communication and proactive risk management will be key in navigating challenges and capitalizing on growth opportunities.

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ROCKLAND, Mass.--(BUSINESS WIRE)--The Board of Directors of Independent Bank Corp. (Nasdaq Global Select Market: INDB), parent of Rockland Trust Company, today announced a $0.57 per share dividend, representing a $0.02 increase from the prior quarter. The dividend will be payable on April 5, 2024, to stockholders of record as of the close of business on April 1, 2024. “The 4% increase in our dividend is a reflection of the Company's strong capital and long term value creation for our shareholde.

Independent Bank Corp. Announces 4% Increase in Quarterly Dividend

ROCKLAND, Mass.--(BUSINESS WIRE)--Jeffrey Tengel, Chief Executive Officer and Mark J. Ruggiero, Chief Financial Officer and Executive Vice President of Consumer Lending of Independent Bank Corp. (NASDAQ Global Select Market: INDB) will participate in the 2024 RBC Capital Markets Global Financial Institutions Conference on March 5, 2024. The conference will take place at The InterContinental New York Barclay, 111 E 48th Street, New York, NY 10017. Independent Bank Corp. (NASDAQ Global Select Mar.

Independent Bank Corp. CEO Jeffrey Tengel and CFO Mark J. Ruggiero to Participate in the 2024 RBC Capital Markets Global Financial Institutions Conference

ROCKLAND, Mass.--(BUSINESS WIRE)--Jeffrey Tengel, Chief Executive Officer, Gerard Nadeau, President, and Mark J. Ruggiero, Chief Financial Officer and Executive Vice President of Consumer Lending of Independent Bank Corp. (NASDAQ Global Select Market: INDB) will participate in the 2024 KBW Winter Financial Services Conference on February 15, 2024. The conference will take place at The Boca Raton Resort, 501 E. Camino Real, Boca Raton, FL 33432. Independent Bank Corp. (NASDAQ Global Select Marke.

Independent Bank Corp. CEO Jeffrey Tengel, President Gerard Nadeau and CFO Mark J. Ruggiero to Participate in the 2024 KBW Winter Financial Services Conference

Independent Bank Corp. (INDB) Q4 2023 Earnings Call Transcript

The headline numbers for Independent Bank Corp. (INDB) give insight into how the company performed in the quarter ended December 2023, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

Independent Bank Corp. (INDB) Q4 Earnings: How Key Metrics Compare to Wall Street Estimates

Independent Bank Corp. (INDB) came out with quarterly earnings of $1.26 per share, beating the Zacks Consensus Estimate of $1.25 per share. This compares to earnings of $1.69 per share a year ago.

Independent Bank Corp. (INDB) Surpasses Q4 Earnings and Revenue Estimates

ROCKLAND, Mass.--(BUSINESS WIRE)--Independent Bank Corp. (Nasdaq Global Select Market: INDB), parent of Rockland Trust Company, today announced 2023 fourth quarter net income of $54.8 million, or $1.26 per diluted share, a decrease of $6.0 million, or 9.9%, compared to the prior quarter. Full year net income was $239.5 million, or $5.42 on a diluted earnings per share basis, a decrease of $24.3 million, or 9.2%, as compared to the prior year. In 2023, full year operating net income was also $23.

Independent Bank Corp. Reports Fourth Quarter Net Income of $54.8 Million

Looking beyond Wall Street's top -and-bottom-line estimate forecasts for Independent Bank Corp. (INDB), delve into some of its key metrics to gain a deeper insight into the company's potential performance for the quarter ended December 2023.

Exploring Analyst Estimates for Independent Bank Corp. (INDB) Q4 Earnings, Beyond Revenue and EPS

ROCKLAND, Mass.--(BUSINESS WIRE)--Independent Bank Corp. (Nasdaq Global Select Market: INDB), parent of Rockland Trust Company, will host its quarterly conference call to discuss fourth quarter results on Friday, January 19, 2024, at 10:00 AM Eastern Time. Telephonic access will be available by dial-in at 888-336-7153 reference: INDB. Participants may also choose to pre-register for the conference by navigating to https://dpregister.com/sreg/10184797/fb2a1a15a9, which will provide a unique PIN.

Independent Bank Corp.'s Announcement of Date of Fourth Quarter Conference Call

ROCKLAND, Mass.--(BUSINESS WIRE)--Jeffrey Tengel, Chief Executive Officer and Mark J. Ruggiero, Chief Financial Officer and Executive Vice President of Consumer Lending of Independent Bank Corp. (NASDAQ Global Select Market: INDB) will participate in the 2023 Piper Sandler East Coast Financial Services Conference on November 16, 2023. The conference will take place at the JW Marriott Miami Turnberry Resort, 19999 W. Country Club Dr., Aventura, FL 33180. Independent Bank Corp. (NASDAQ Global Sel.

Independent Bank Corp. CEO Jeffrey Tengel and CFO Mark J. Ruggiero to Participate in the 2023 Piper Sandler East Coast Financial Services Conference

Independent Bank Corp. (INDB) Q3 2023 Earnings Conference Call Transcript

Although the revenue and EPS for Independent Bank Corp. (INDB) give a sense of how its business performed in the quarter ended September 2023, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

Independent Bank Corp. (INDB) Q3 Earnings: Taking a Look at Key Metrics Versus Estimates

Independent Bank Corp. (INDB) came out with quarterly earnings of $1.38 per share, beating the Zacks Consensus Estimate of $1.33 per share. This compares to earnings of $1.57 per share a year ago.

Independent Bank Corp. (INDB) Q3 Earnings and Revenues Surpass Estimates

ROCKLAND, Mass.--(BUSINESS WIRE)--Independent Bank Corp. (Nasdaq Global Select Market: INDB), parent of Rockland Trust Company, today announced 2023 third quarter net income of $60.8 million, or $1.38 per diluted share, compared to 2023 second quarter net income of $62.6 million, or $1.42 per diluted share. The Company generated a return on average assets and a return on average common equity of 1.25% and 8.35%, respectively, for the third quarter of 2023, as compared to 1.29% and 8.78%, respec.

Independent Bank Corp. Reports Third Quarter Net Income of $60.8 Million

Independent Bank Corp. (INDB) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Earnings Preview: Independent Bank Corp. (INDB) Q3 Earnings Expected to Decline

ROCKLAND, Mass.--(BUSINESS WIRE)--Jeffrey Tengel, Chief Executive Officer and Mark J. Ruggiero, Chief Financial Officer and Executive Vice President of Consumer Lending of Independent Bank Corp. (NASDAQ Global Select Market: INDB) will participate in the 2023 Raymond James U.S. Bank and Banking on Tech Conferences on September 6, 2023. The conference will take place at the Marriott Marquis Chicago, 2121 South Prairie Avenue, Chicago, IL 66016. Independent Bank Corp. (NASDAQ Global Select Market.

Independent Bank Corp. CEO Jeffrey Tengel and CFO Mark J. Ruggiero to Participate in the 2023 Raymond James U.S. Bank and Banking on Tech Conferences

Independent Bank Corp. (NASDAQ:INDB ) Q2 2023 Earnings Call Transcript July 21, 2023 10:00 AM ET Company Participants Jeffery Tengel - CEO Mark Ruggiero - CFO Conference Call Participants Mark Fitzgibbon - Piper Sandler Steve Moss - Raymond James Chris O'Connell - KBW Operator Good morning, and welcome to the INDB Independent Bank Corporation's Second Quarter 2023 Earnings Call. All participants will be in listen-only mode.

Independent Bank Corp. (INDB) Q2 2023 Earnings Call Transcript

Although the revenue and EPS for Independent Bank Corp. (INDB) give a sense of how its business performed in the quarter ended June 2023, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

Independent Bank Corp. (INDB) Q2 Earnings: Taking a Look at Key Metrics Versus Estimates

Independent Bank Corp. (INDB) came out with quarterly earnings of $1.42 per share, beating the Zacks Consensus Estimate of $1.34 per share. This compares to earnings of $1.32 per share a year ago.

Independent Bank Corp. (INDB) Q2 Earnings Surpass Estimates

ROCKLAND, Mass.--(BUSINESS WIRE)--Independent Bank Corp. (Nasdaq Global Select Market: INDB), parent of Rockland Trust Company, today announced 2023 second quarter net income of $62.6 million, or $1.42 per diluted share, compared to 2023 first quarter net income of $61.2 million, or $1.36 per diluted share. Second quarter results were driven by healthy loan volumes, strong fee income, and disciplined expense management. The Company generated a return on average assets and a return on average co.

Independent Bank Corp. Reports Second Quarter Net Income of $62.6 Million

Independent Bank Corp. (INDB) Earnings Expected to Grow: What to Know Ahead of Next Week's Release

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Independent Bank Corp. (INDB) Q1 2023 Earnings Call Transcript.

Independent Bank Corp. (INDB) Q1 2023 Earnings Call Transcript

Independent Bank Corp. (INDB) came out with quarterly earnings of $1.36 per share, missing the Zacks Consensus Estimate of $1.51 per share. This compares to earnings of $1.23 per share a year ago.

News for Independent Bank Stock (INDB)