about rockland trust company independent bank corp. has approximately $7.1 billion in assets and is the holding company for rockland trust company, a full-service commercial bank headquartered in massachusetts. rockland trust offers a wide range of banking, investment, and insurance services to businesses and individuals through retail branches, commercial lending offices,investment management offices, and residential lending centers in eastern massachusetts and rhode island as well as through telephone banking, mobile banking, and the internet. rockland trust is an fdic member and an equal housing lender. to learn why rockland trust is the bank “where each relationship matters®,” please visit www.rocklandtrust.com. member fdic - equal housing lender.
Company profile
Ticker
INDB, IBCP
Exchange
Website
CEO
William B. Kessel
Employees
Incorporated
Location
Fiscal year end
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
Latest filings (excl ownership)
8-K
Independent Bank Corp. Reports First Quarter Net Income of $47.8 Million
18 Apr 24
DEFA14A
Additional proxy soliciting materials
3 Apr 24
DEF 14A
Definitive proxy
28 Mar 24
8-K
Other Events
21 Mar 24
10-K
2023 FY
Annual report
28 Feb 24
8-K
Regulation FD Disclosure
14 Feb 24
8-K
Independent Bank Corp. Reports Fourth Quarter Net Income of $54.8 Million
18 Jan 24
8-K
Other Events
14 Dec 23
8-K
Regulation FD Disclosure
16 Nov 23
10-Q
2023 Q3
Quarterly report
2 Nov 23
Transcripts
INDB
Earnings call transcript
2024 Q1
19 Apr 24
INDB
Earnings call transcript
2023 Q4
19 Jan 24
INDB
Earnings call transcript
2023 Q3
20 Oct 23
INDB
Earnings call transcript
2023 Q2
21 Jul 23
INDB
Earnings call transcript
2023 Q1
21 Apr 23
INDB
Earnings call transcript
2022 Q4
20 Jan 23
INDB
Earnings call transcript
2022 Q3
21 Oct 22
INDB
Earnings call transcript
2022 Q2
22 Jul 22
INDB
Earnings call transcript
2022 Q1
22 Apr 22
INDB
Earnings call transcript
2021 Q4
21 Jan 22
Latest ownership filings
Financial summary
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Diluted EPS |
Annual (USD) | Dec 22 | Dec 21 | Dec 20 | Dec 19 | |
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Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 220.13 mm | 220.13 mm | 220.13 mm | 220.13 mm | 220.13 mm | 220.13 mm |
Cash burn (monthly) | 29.38 mm | 59.68 mm | (no burn) | (no burn) | (no burn) | (no burn) |
Cash used (since last report) | 203.03 mm | 412.44 mm | n/a | n/a | n/a | n/a |
Cash remaining | 17.10 mm | -192.31 mm | n/a | n/a | n/a | n/a |
Runway (months of cash) | 0.6 | -3.2 | n/a | n/a | n/a | n/a |
Institutional ownership, Q3 2023
83.9% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 248 |
Opened positions | 39 |
Closed positions | 31 |
Increased positions | 88 |
Reduced positions | 76 |
13F shares | Current |
---|---|
Total value | 1.74 tn |
Total shares | 35.61 mm |
Total puts | 2.60 k |
Total calls | 600.00 |
Total put/call ratio | 4.3 |
Largest owners | Shares | Value |
---|---|---|
BLK Blackrock | 6.39 mm | $313.59 bn |
Vanguard | 5.20 mm | $255.45 bn |
STT State Street | 2.05 mm | $101.66 bn |
Victory Capital Management | 1.91 mm | $93.63 bn |
Nuance Investments | 1.66 mm | $81.55 bn |
Dimensional Fund Advisors | 1.59 mm | $78.03 bn |
SAMG Silvercrest Asset Management | 1.58 mm | $77.59 bn |
Geode Capital Management | 940.16 k | $46.16 bn |
MCQEF Macquarie | 860.34 k | $42.23 bn |
Champlain Investment Partners | 682.70 k | $33.51 bn |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
14 Mar 24 | Mark J Ruggiero | Common Stock | Grant | Acquire A | No | No | 0 | 1,040 | 0.00 | 17,071.729 |
14 Mar 24 | Gerard F Nadeau | Common Stock | Payment of exercise | Dispose F | No | No | 49.44 | 561 | 27.74 k | 32,160 |
14 Mar 24 | Gerard F Nadeau | Common Stock | Grant | Acquire A | No | No | 0 | 2,080 | 0.00 | 32,721 |
14 Mar 24 | Maria S Harris | Common Stock | Payment of exercise | Dispose F | No | No | 49.44 | 237 | 11.72 k | 11,722.153 |
14 Mar 24 | Maria S Harris | Common Stock | Grant | Acquire A | No | No | 0 | 880 | 0.00 | 11,959.153 |
1 Mar 24 | Mark J Ruggiero | Common Stock | Buy | Acquire P | No | No | 51.0859 | 500 | 25.54 k | 16,031.729 |
29 Feb 24 | Abelli Donna L | Common Stock | Sell | Dispose S | No | No | 52.83 | 800 | 42.26 k | 11,639.907 |
News
Keefe, Bruyette & Woods Maintains Market Perform on Independent Bank, Lowers Price Target to $60
22 Apr 24
Independent Bank Q1 2024 Adj EPS $1.12 Misses $1.15 Estimate, Sales $167.382M Miss $170.118M Estimate
18 Apr 24
Independent Bank Q1 2024 Adj EPS $1.12 Misses $1.15 Estimate
18 Apr 24
Earnings Scheduled For April 18, 2024
18 Apr 24
Independent Bank Corp. Announces Increase In Quarterly Dividend From $0.55 To $0.57 Per Share
21 Mar 24
Press releases
Independent Bank Corp. Reports First Quarter Net Income of $47.8 Million
18 Apr 24
Independent Bank Corp.'s Announcement of Date of First Quarter Conference Call
8 Apr 24
Independent Bank Corp. Announces 4% Increase in Quarterly Dividend
21 Mar 24
Independent Bank Corp. CEO Jeffrey Tengel and CFO Mark J. Ruggiero to Participate in the 2024 RBC Capital Markets Global Financial Institutions Conference
29 Feb 24
Independent Bank Corp. CEO Jeffrey Tengel, President Gerard Nadeau and CFO Mark J. Ruggiero to Participate in the 2024 KBW Winter Financial Services Conference
5 Feb 24