INDB Independent Bank Dashboard

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

NASDAQ

Website

www.rocklandtrust.com

CEO

Christopher Oddleifson

Incorporated

Massachusetts

Location

Massachusetts

Fiscal year end

Dec 31

Sector

Finance and Insurance > Commercial Banking

Industry (SIC)

State Commercial Banks

Bank Of New York Mellon • State Street • Citizens Financial • Fifth Third Bancorp • Northern Trust • M & T Bank • Popular • Ally Financial • Associated Banc-Corp. • First Citizens Bancshares, Inc ...

Former names

INDEPENDENT BANK CORP /MA/

SEC CIK

0000776901

Corporate docs

Articles of Incorporation & Bylaws

IRS number

42870273

INDB stock data

S&P 500

1M 1Y 2Y 5Y

News

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Recap: Independent Bank Q2 Earnings

22 Jul 21

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.

Independent Bank Q2 EPS $1.17 Beats $1.08 Estimate

22 Jul 21

Independent Bank (NASDAQ:INDB) reported quarterly earnings of $1.17 per share which beat the analyst consensus estimate of $1.08 by 8.33 percent. This is a 53.95 percent increase over earnings of $0.76 per share from the

Earnings Scheduled For July 22, 2021

22 Jul 21

Companies Reporting Before The Bell • Champions Oncology, Inc. - Common Stock (NASDAQ:CSBR) is estimated to report earnings for its fourth quarter.

Understanding Independent Bank's Ex-Dividend Date

24 Jun 21

Press releases

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Independent Bank Corp. Reports Second Quarter Net Income of $37.6 Million

22 Jul 21

Business fundamentals remain strong 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

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

6 Jul 21

Independent Bank Corp. (Nasdaq Global Select Market: INDB), parent of Rockland Trust Company, will host its quarterly conference call to discuss second quarter results on Friday, July 23, 2021, at 10:00 AM Eastern Time.

Independent Bank Corp. Announces Quarterly Dividend

17 Jun 21

The Board of Directors of Independent Bank Corp. (Nasdaq Global Select Market: INDB), parent of Rockland Trust Company, today announced a $0.48 per share dividend. The dividend will be payable on July 9, 2021, to

INVESTIGATION ALERT: Halper Sadeh LLP Investigates INDB, CORE, MDP, MNR; Shareholders are Encouraged to Contact the Firm

15 Jun 21

Lifshitz Law Firm, P.C. Announces Investigation of INDB, NTWN, TGRF and USCR

15 Jun 21

Calendar

5 May 21

28 Jul 21

31 Dec 21

Financial summary

Financial statements Chart INDB financial data

Quarter (USD)	Mar 21	Dec 20	Sep 20	Jun 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Annual (USD)	Dec 20	Dec 19	Dec 18	Dec 17
Revenue
Cost of revenue
Operating income
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Net income
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Diluted EPS

Financial data from company earnings reports.

Recent insider trades

INDB insider ownership history Insider history

Date	Owner	Security	Transaction	Code	Indirect	10b5-1	#Shares	#Remaining
15 Jun 21	Jones Kevin J	Common Stock	Gift	Dispose G	Yes	No	683	5,902
15 Jun 21	Jones Kevin J	Common Stock	Gift	Dispose G	Yes	No	682	5,902
15 Jun 21	Jones Kevin J	Common Stock	Gift	Aquire G	Yes	No	683	6,585
15 Jun 21	Jones Kevin J	Common Stock	Gift	Dispose G	Yes	No	683	6,584
25 May 21	Venables Thomas R	Common Stock	Grant	Aquire A	No	No	640	18,026
25 May 21	Taw Frederick	Common Stock	Grant	Aquire A	No	No	640	11,099
25 May 21	Morrissey John J	Common Stock	Grant	Aquire A	No	No	640	9,238.152
25 May 21	Abelli Donna L	Common Stock	Grant	Aquire A	No	No	640	11,419.42

Data from 3, 4 and 5 filings. Stock values as filed, not updated for current price.

Institutional ownership Q1 2021

INDB institutional ownership history Ownership history

Data for the last complete 13F reporting period. To see the most recent changes to ownership, click the ownership history button above.

13F holders	Current	Prev Q	Change
Total holders	0	191	EXIT
Opened positions	0	29	EXIT
Closed positions	191	26	+634.6%
Increased positions	0	64	EXIT
Reduced positions	0	63	EXIT

13F shares	Current	Prev Q	Change
Total value	0	2B	EXIT
Total shares	0	27.3M	EXIT
Total puts	0	20.4K	EXIT
Total calls	0	8.3K	EXIT
Total put/call ratio	–	2.5	–

Largest owners	Shares	Value	Change

Largest transactions	Shares	Bought/sold	Change
BLK Blackrock	0	-4.86M	EXIT
Vanguard	0	-3.34M	EXIT
SAMG Silvercrest Asset Management	0	-1.68M	EXIT
Victory Capital Management	0	-1.36M	EXIT
STT State Street	0	-1.28M	EXIT
Champlain Investment Partners	0	-1.27M	EXIT
Dimensional Fund Advisors	0	-1.07M	EXIT
GS Goldman Sachs	0	-881.6K	EXIT
MCQEF Macquarie	0	-775.74K	EXIT
NTRS Northern Trust	0	-771.25K	EXIT

Data from 13F filings. Stock values as filed, not updated for current price. Long positions only.

Financial report summary

Competition

Veritex

Management Discussion

Net income for the first quarter of 2021 was $41.7 million, or $1.26 on a diluted earnings per share basis, and increased 55.9% and 61.5%, respectively, as compared to $26.8 million, or $0.78 on a diluted earnings per share basis, for the prior year first quarter. First quarter 2021 results were positively impacted by a release of provision for credit loss of $2.5 million as well as increased interest income from fee amortization related to forgiven PPP loans, whereas the prior year ago period included provision for credit loss of $25 million as a result of the COVID-19 pandemic.

Content analysis

Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability	H.S. sophomore Bad

New words: absence, absolute, Advisory, attrition, belief, bringing, build, burdensome, closure, Commissioner, compelling, conduct, consummate, consummated, consummating, coupled, customary, decree, diversion, East, efficacy, entry, Exclusive, focused, forgiven, horizon, hotel, iii, illegal, impose, imposition, ineffective, injunction, IntraFi, iv, labor, loosening, Mach, merge, Meridian, occurrence, official, onset, organic, outpaced, pendency, people, pursued, receipt, refinancing, registration, reluctant, reorganization, repricing, restraint, retention, rose, round, runoff, scenario, serve, slowdown, speed, stable, successfully, travel, twist, unanimously, violate, wealth

Removed: accommodative, accretable, accreted, advance, ambiguity, approached, arrive, Arriving, baseline, began, beginning, BHB, brand, broader, calculate, carryover, cease, clear, Codification, collect, collecting, Commonwealth, concept, confirm, consisted, consistency, constant, constantly, continuing, contractually, coordinated, created, curbing, curtailing, decisive, demonstrably, deny, deploying, detail, diminished, directed, doubt, downturn, driver, EAD, eligibility, eliminate, enacted, enhance, enroll, enrollment, evolving, exhausted, existence, expectation, factor, fluctuation, foreseeable, FRB, global, guaranty, half, household, human, identification, immaterial, impair, impossible, indeterminate, influencing, inform, inhibit, inject, insignificant, intensity, Interfinancial, isolation, June, led, legacy, limit, loyalty, marginal, meaningful, meaningfully, minimal, National, necessitated, newly, nonaccretable, noncancelable, noncompliance, nongovernmental, nonqualified, notable, notified, Occupancy, October, opening, OTTI, owed, pace, participated, passing, persist, pertaining, precipitate, prescribed, presently, prevent, professional, Promontory, prospective, prospectively, rapidly, reconcile, recording, regulated, reinsurance, relied, remove, rent, replace, replaced, repurchased, restrain, retrospective, reversal, revised, ROU, satisfying, SBA, seasonal, segmentation, sharp, sharply, shut, significantly, sooner, stated, stemming, straight, successful, sudden, suffer, summarize, supervisory, sustain, sustainably, sustained, sweeping, Treasury, treated, trillion, unclear, uncollectibility, underwritten, unemployment, unevenly, unfold, viability, volatile, withdrawn, worsen

From filing 10-Q 2021 Q1