Independent Bank Corp. is the holding company for Rockland Trust Company, a full-service commercial bank headquartered in Massachusetts. Rockland Trust was named to The Boston Globe's 'Top Places to Work' 2020 list, an honor earned for the 12th consecutive year. In 2020, Rockland Trust was ranked the #1 Bank in Massachusetts according to Forbes World's Best Banks list. Rockland Trust has a longstanding commitment to equity and inclusion. This commitment is underscored by initiatives such as Diversity and Inclusion leadership training, a colleague Allyship mentoring program, numerous Employee Resource Groups focused on providing colleague support and education, reinforcing a culture of mutual respect and advancing professional development, and Rockland Trust's sponsorship of diverse community organizations through charitable giving and employee-based volunteerism. Rockland Trust is deeply committed to the communities it serves, as reflected in the overall 'Outstanding' rating received in its most recent Community Reinvestment Act performance evaluation. Rockland Trust offers a wide range of banking, investment, and insurance services. The Bank serves businesses and individuals through approximately 100 retail branches, commercial and residential lending centers, and investment management offices in eastern Massachusetts, including Greater Boston, the South Shore, Cape Cod and Islands, Worcester County, and Rhode Island. Rockland Trust also offers a full suite of mobile, online, and telephone banking services. Rockland Trust is an FDIC member and an Equal Housing Lender.

Company profile
Ticker
INDB, IBCP
Exchange
Website
CEO
Christopher Oddleifson
Employees
Incorporated
Location
Fiscal year end
Sector
Industry (SIC)
Former names
INDEPENDENT BANK CORP /MA/
SEC CIK
Corporate docs
Subsidiaries
Rockland Trust Company • Blue Hills Funding Corporation ...
IRS number
42870273
INDB stock data
Calendar
4 Aug 22
18 Aug 22
31 Dec 22
Financial summary
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Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
16 Aug 22 | Miskell Eileen C | Common Stock | Sell | Dispose S | No | No | 87.8634 | 858 | 75.39K | 12,646.536 |
16 Aug 22 | Edward H Seksay | Common Stock | Sell | Dispose S | No | No | 88.2629 | 700 | 61.78K | 7,336 |
15 Aug 22 | Robert D Cozzone | Common Stock | Sell | Dispose S | No | Yes | 86.14 | 1,750 | 150.75K | 24,783.156 |
1 Aug 22 | Jones Kevin J | Common Stock | Gift | Acquire G | Yes | No | 0 | 623 | 0 | 6,525 |
1 Aug 22 | Jones Kevin J | Common Stock | Gift | Dispose G | Yes | No | 0 | 623 | 0 | 6,402 |
27 Jul 22 | Abelli Donna L | Common Stock | Sell | Dispose S | No | No | 83.1 | 750 | 62.33K | 10,734.108 |
Institutional ownership, Q2 2022
80.5% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 240 |
Opened positions | 24 |
Closed positions | 27 |
Increased positions | 70 |
Reduced positions | 89 |
13F shares | Current |
---|---|
Total value | 3.04B |
Total shares | 37.66M |
Total puts | 0 |
Total calls | 0 |
Total put/call ratio | – |
Largest owners | Shares | Value |
---|---|---|
BLK Blackrock | 6.97M | $553.92M |
Vanguard | 5.44M | $432.13M |
STT State Street | 2.14M | $171.45M |
Victory Capital Management | 1.82M | $144.37M |
Dimensional Fund Advisors | 1.65M | $130.98M |
TROW T. Rowe Price | 1.61M | $128.25M |
SAMG Silvercrest Asset Management | 1.59M | $126.11M |
Champlain Investment Partners | 1.24M | $98.47M |
Channing Capital Management | 929.24K | $73.81M |
Geode Capital Management | 856.04K | $68M |
Financial report summary
?Competition
VeritexManagement Discussion
- Net income for the three months ended June 30, 2022 was $61.8 million, or $1.32 on a diluted earnings per share basis, as compared to $37.6 million, or $1.14 on a diluted earnings per share basis, for the three months ended June 30, 2021, representing an increase of 64.4% and 15.8%, respectively. Full year-to-date net income for the six months ended June 30, 2022 was $114.9 million, or $2.44 on a diluted earnings per share basis, as compared to $79.3 million, or $2.40 on a diluted earnings per share basis, for the six months ended June 30, 2021, representing an increase of 44.9% and 1.7%, respectively. First half 2022 results reflect merger-related costs of $7.1 million, pre-tax, associated with the Meridian acquisition, as compared to $1.7 million during the same prior year period. Excluding these merger and acquisition costs, operating net income was $120.0 million, or $2.55 on a diluted per share basis, for the six months ended June 30, 2022, as compared to $80.5 million, or $2.44 on a diluted per share basis for the six months ended June 30, 2021. See "Non-GAAP Measures" below for a reconciliation of non-GAAP measures.
Content analysis
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H.S. sophomore Bad
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New words:
buyback, deal, function, mild, recession, repricing, stable
Removed:
Blue, carryback, condensed, dated, disrupt, generated, NOL, relation
Financial reports
Current reports
8-K
Independent Bank Corp. Reports Second Quarter Net Income of $61.8 Million
21 Jul 22
8-K
Other Events
16 Jun 22
8-K
Departure of Directors or Certain Officers
8 Jun 22
8-K
Submission of Matters to a Vote of Security Holders
19 May 22
8-K
Independent Bank Corp. Reports First Quarter Net Income of $53.1 Million
21 Apr 22
8-K
Other Events
17 Mar 22
8-K
Regulation FD Disclosure
17 Feb 22
8-K/A
Financial Statements and Exhibits
26 Jan 22
8-K
Independent Bank Corp. Reports Fourth Quarter Net Income of $1.7 Million
20 Jan 22
8-K
Other Events
9 Dec 21
Registration and prospectus
S-3ASR
Automatic shelf registration
12 Aug 21
425
Business combination disclosure
27 Jul 21
424B3
Prospectus supplement
22 Jun 21
S-4/A
Registration of securities issued in business combination transactions (amended)
21 Jun 21
S-4
Registration of securities issued in business combination transactions
4 Jun 21
425
Business combination disclosure
26 Apr 21
425
Business combination disclosure
26 Apr 21
425
Business combination disclosure
26 Apr 21
425
Business combination disclosure
22 Apr 21
425
Business combination disclosure
22 Apr 21
Other
EFFECT
Notice of effectiveness
23 Jun 21
CORRESP
Correspondence with SEC
16 Jun 21
UPLOAD
Letter from SEC
9 Jun 21
EFFECT
Notice of effectiveness
12 Dec 18
CORRESP
Correspondence with SEC
6 Dec 18
UPLOAD
Letter from SEC
7 Nov 18
EFFECT
Notice of effectiveness
27 Jul 18
CORRESP
Correspondence with SEC
25 Jul 18
UPLOAD
Letter from SEC
15 Jul 18
EFFECT
Notice of effectiveness
5 Jan 17
Ownership
4
INDEPENDENT BANK / EDWARD H SEKSAY ownership change
17 Aug 22
4
INDEPENDENT BANK / EILEEN C MISKELL ownership change
16 Aug 22
4
INDEPENDENT BANK / Robert D Cozzone ownership change
16 Aug 22
4
INDEPENDENT BANK / KEVIN J JONES ownership change
3 Aug 22
4
INDEPENDENT BANK / Donna L Abelli ownership change
28 Jul 22
11-K
Annual report of employee stock purchases
23 Jun 22
4
INDEPENDENT BANK / EILEEN C MISKELL ownership change
14 Jun 22
4
INDEPENDENT BANK / CHRISTOPHER ODDLEIFSON ownership change
13 Jun 22
4
INDEPENDENT BANK / FREDERICK TAW ownership change
9 Jun 22
4
INDEPENDENT BANK / Daniel F OBrien ownership change
26 May 22
Transcripts
2022 Q2
Earnings call transcript
22 Jul 22
2022 Q1
Earnings call transcript
22 Apr 22
2021 Q4
Earnings call transcript
21 Jan 22
2021 Q3
Earnings call transcript
22 Oct 21
2021 Q2
Earnings call transcript
23 Jul 21
2021 Q1
Earnings call transcript
23 Apr 21
2020 Q4
Earnings call transcript
22 Jan 21
2020 Q3
Earnings call transcript
23 Oct 20
2020 Q2
Earnings call transcript
24 Jul 20
2020 Q1
Earnings call transcript
24 Apr 20
Reddit threads
Daily Discussion Thread - July 21st, 2022
21 Jul 22
Daily Discussion Thread - July 20th, 2022
20 Jul 22
Daily Discussion Thread - July 19th, 2022
19 Jul 22
Daily Discussion Thread - June 24th, 2022
24 Jun 22
Daily Discussion Thread - June 23rd, 2022
23 Jun 22
Daily Discussion Thread - June 22nd, 2022
22 Jun 22
Daily Discussion Thread - June 21st, 2022
21 Jun 22
Daily Discussion Thread - April 21st, 2022
21 Apr 22
Daily Discussion Thread - April 20th, 2022
20 Apr 22
Daily Discussion Thread - April 19th, 2022
19 Apr 22