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

Earnings data Q3 2022

Earnings data Q4 2022

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)--Independent Bank Corp. (Nasdaq Global Select Market: INDB), parent of Rockland Trust Company, today announced 2022 first quarter net income of $53.1 million, or $1.12 per diluted share, compared to net income of $1.7 million, or $0.04 per diluted share, reported for the fourth quarter of 2021. Financial results for the first quarter 2022 and fourth quarter 2021 included pre-tax merger-related costs of $7.1 million and $37.2 million, respectively, associated wit

Independent Bank Corp. Reports First Quarter Net Income of $53.1 Million

Independent Bank (INDB) has seen solid earnings estimate revision activity over the past month, and belongs to a strong industry as well.

Is Independent Bank (INDB) Stock a Solid Choice Right Now?

Independent Bank (INDB) declares a quarterly cash dividend of 51 cents per share. This represents a 6.25% hike from the prior payout.

Independent Bank (INDB) Announces 6% Sequential Dividend Hike

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Dividend Increases: March 12-18, 2022

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 $0.51 per share dividend. The dividend will be payable on April 8, 2022, to stockholders of record as of the close of business on March 28, 2022. “We remain confident in our core fundamentals and our future prospects,” stated Christopher Oddleifson, Chief Executive Officer of Independent Bank Corp. “We are pleased to leverage

Independent Bank Corp. Announces a 6% Increase in Quarterly Dividend

Independent Bank's (INDB) organic and inorganic growth efforts, along with solid balance sheet and liquidity positions, make it worth betting on.

Here's Why Independent Bank (INDB) Stock is Worth Buying Now

ROCKLAND, Mass.--(BUSINESS WIRE)--Robert D. Cozzone, Executive Vice President and Chief Operating Officer and Mark J. Ruggiero, Chief Financial Officer and Chief Accounting Officer of Independent Bank Corp. (NASDAQ Global Select Market: INDB) will participate in the 2022 KBW Winter Financial Services Symposium on February 17, 2022. The conference will take place at The Boca Raton Resort, 501 E Camino Real, Boca Raton, FL 33432. Independent Bank Corp. (NASDAQ Global Select Market: INDB) is the h

Independent Bank Corp. COO Robert D. Cozzone and CFO Mark J.

Independent Bank Corp.'s (INDB) CEO Christopher Oddleifson on Q4 2021 Results - Earnings Call Transcript

Independent Bank Corp. (INDB) delivered earnings and revenue surprises of 58.25% and 1.61%, respectively, for the quarter ended December 2021. Do the numbers hold clues to what lies ahead for the stock?

Independent Bank Corp. (INDB) Q4 Earnings and Revenues Surpass Estimates

ROCKLAND, Mass.--(BUSINESS WIRE)--Independent Bank Corp. (Nasdaq Global Select Market: INDB), parent of Rockland Trust Company, today announced 2021 fourth quarter net income of $1.7 million, or $0.04 per diluted share, compared to net income of $40.0 million, or $1.21 per diluted share, reported for the third quarter of 2021. Financial results for the fourth quarter 2021 reflected pre-tax merger-related costs of $37.2 million associated with the acquisition of Meridian Bancorp, Inc. ("Meridian

Independent Bank Corp. Reports Fourth Quarter Net Income of $1.7 Million

ROCKLAND, Mass.--(BUSINESS WIRE)--Independent Bank Corp. (Nasdaq Global Select Market: INDB), parent of Rockland Trust Company, today announced the closing of its acquisition of Meridian Bancorp, Inc., parent of East Boston Savings Bank, and Rockland Trust's acquisition of East Boston Savings Bank. The combination reinforces Rockland Trust's position as the Boston area's premier community-focused commercial bank. “We heartily welcome the customers of East Boston Savings Bank to Rockland Trust,

Independent Bank Corp. and Rockland Trust Complete Meridian Bancorp, Inc. and East Boston Savings Bank Acquisition

ROCKLAND, Mass. & PEABODY, Mass.--(BUSINESS WIRE)--Independent Bank Corp. (NASDAQ Global Select Market: INDB) (“Independent”), parent of Rockland Trust Company, and Meridian Bancorp, Inc. (NASDAQ Global Select Market: EBSB) (“Meridian”), parent of East Boston Savings Bank, jointly reported the following in connection with Independent's proposed acquisition of Meridian: All regulatory approvals relating to the transaction have now been received. The transaction is expected to be completed on Nov

Independent Bank Corp. and Meridian Bancorp, Inc. Report Receipt of All Regulatory Approvals and Anticipated Closing Date

Independent Bank Corp. (INDB) CEO Chris Oddleifson on Q3 2021 Results - Earnings Call Transcript

Independent Bank Corp. (INDB) delivered earnings and revenue surprises of 19.05% and -1.21%, respectively, for the quarter ended September 2021. Do the numbers hold clues to what lies ahead for the stock?

Independent Bank Corp. (INDB) Q3 Earnings Top Estimates

ROCKLAND, Mass.--(BUSINESS WIRE)--Independent Bank Corp. (Nasdaq Global Select Market: INDB), parent of Rockland Trust Company, today announced 2021 third quarter net income of $40.0 million, or $1.21 per diluted share, compared to net income of $37.6 million, or $1.14 per diluted share, reported for the second quarter of 2021. Third quarter results included merger-related costs of $1.9 million associated with the acquisition of Meridian Bancorp Inc. ("Meridian") and its subsidiary, East Boston

Independent Bank Corp. Reports Third Quarter Net Income of $40.0 Million

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This weekly article series covers dividend changes.

Dividend Increases: September 11-17, 2021

ROCKLAND, Mass.--(BUSINESS WIRE)--Independent Bank Corp. (Nasdaq Global Select Market: INDB), parent of Rockland Trust Company, today announced the appointment of Susan Perry O'Day to its Board of Directors effective September 1, 2021. “We are extremely pleased to welcome Susan to our board,” said Donna L. Abelli, Chair of both the Independent and Rockland Trust Board of Directors. “Susan's managerial expertise and her deep knowledge of information systems and technology will bring invaluable p

Independent Bank Corp. and Rockland Trust Company Appoint Susan Perry O'Day to Board of Directors

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Independent Bank (INDB) and Meridian (EBSB) receive shareholder approval for the previously announced merger deal.

Independent Bank (INDB), Meridian (EBSB) Get Merger Approval

ROCKLAND, Mass. and PEABODY, Mass.--(BUSINESS WIRE)--Independent Bank Corp. (NASDAQ Global Select Market: INDB) (“Independent”), parent of Rockland Trust Company, and Meridian Bancorp, Inc. (NASDAQ Global Select Market: EBSB) (“Meridian”), parent of East Boston Savings Bank, jointly announced that, at their respective special meetings of shareholders today, they each received the necessary shareholder approvals for the consummation of the merger pursuant to which Independent will acquire Meridi

Independent Bank Corp. and Meridian Bancorp, Inc. Receive Shareholder Approval for Merger

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In this article series, we provide a weekly summary of dividend changes. A summary table presents relevant data and key statistics of dividend increases.

Dividend Increases: July 17-23, 2021

Independent Bank Corp. (INDB) CEO Chris Oddleifson on Q2 2021 Results - Earnings Call Transcript

Independent Bank Corp. (INDB) delivered earnings and revenue surprises of 6.36% and -0.09%, respectively, for the quarter ended June 2021. Do the numbers hold clues to what lies ahead for the stock?

Independent Bank Corp. (INDB) Beats Q2 Earnings Estimates

Shares of Independent Bank (NASDAQ:INDB) were flat in after-market trading after the company reported Q2 results. Quarterly Results Earnings per share rose 53.95% over the past year to $1.17, which beat the estimate of $1.08.

Recap: Independent Bank Q2 Earnings

ROCKLAND, Mass.--(BUSINESS WIRE)--Independent Bank Corp. (Nasdaq Global Select Market: INDB), parent of Rockland Trust Company, today announced 2021 second quarter net income of $37.6 million, or $1.14 per diluted share, compared to net income of $41.7 million, or $1.26 per diluted share, reported for the first quarter of 2021. Second quarter results included merger related costs of $1.7 million associated with the acquisition of Meridian Bancorp Inc. ("Meridian") and its subsidiary East Boston

News for Independent Bank Stock (INDB)