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INDB Independent Bank

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
CEO
Christopher Oddleifson
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Former names
INDEPENDENT BANK CORP /MA/
SEC CIK
IRS number
42870273

INDB stock data

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Calendar

5 May 21
28 Jul 21
31 Dec 21
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
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Financial data from company earnings reports.

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
15 Jun 21 Jones Kevin J Common Stock Gift Dispose G Yes No 0 683 0 5,902
15 Jun 21 Jones Kevin J Common Stock Gift Dispose G Yes No 0 682 0 5,902
15 Jun 21 Jones Kevin J Common Stock Gift Aquire G Yes No 0 683 0 6,585
15 Jun 21 Jones Kevin J Common Stock Gift Dispose G Yes No 0 683 0 6,584
25 May 21 Venables Thomas R Common Stock Grant Aquire A No No 0 640 0 18,026
25 May 21 Taw Frederick Common Stock Grant Aquire A No No 0 640 0 11,099
25 May 21 Morrissey John J Common Stock Grant Aquire A No No 0 640 0 9,238.152
25 May 21 Abelli Donna L Common Stock Grant Aquire A No No 0 640 0 11,419.42

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

Financial report summary

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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
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Readability
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