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

(
)

Calendar

5 Nov 20
22 Jan 21
31 Dec 21

News

Quarter (USD) Sep 20 Jun 20 Mar 20 Sep 19
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD) Dec 19 Dec 18 Dec 17 Dec 16
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 10b5-1 $Price #Shares $Value #Remaining
9 Dec 20 Miskell Eileen C Common Stock Sell Dispose S No 73.49 800 58.79K 16,760.673
8 Dec 20 Miskell Eileen C Common Stock Option exercise Aquire M No 28.875 500 14.44K 17,560.673
8 Dec 20 Miskell Eileen C NQ Stock Option Common Stock Option exercise Dispose M No 28.875 500 14.44K 0
2 Dec 20 Edward H Seksay Common Stock Sell Dispose S No 68.5018 1,000 68.5K 13,048
13 Nov 20 Christopher Oddleifson Common Stock Gift Dispose G No 0 1,500 0 95,065
29 Oct 20 OBrien Daniel F Common Stock Option exercise Aquire M No 28.875 500 14.44K 23,440
29 Oct 20 OBrien Daniel F NQ Stock Option Common Stock Option exercise Dispose M No 28.875 500 14.44K 0
80.5% owned by funds/institutions
13F holders
Current Prev Q Change
Total holders 190 196 -3.1%
Opened positions 22 24 -8.3%
Closed positions 28 14 +100.0%
Increased positions 54 57 -5.3%
Reduced positions 71 75 -5.3%
13F shares
Current Prev Q Change
Total value 3.89B 4.71B -17.4%
Total shares 26.55M 27.09M -2.0%
Total puts 10.58K 7.2K +46.9%
Total calls 0 4K EXIT
Total put/call ratio Infinity 1.8 +Infinity%
Largest owners
Shares Value Change
BLK Blackrock 4.75M $248.86M -0.2%
Vanguard 3.26M $170.85M -5.1%
SAMG Silvercrest Asset Management 1.61M $84.27M +0.2%
Champlain Investment Partners 1.24M $64.83M +1.2%
Victory Capital Management 1.2M $62.8M -23.0%
STT State Street 1.17M $61.97M -11.4%
Dimensional Fund Advisors 1.08M $56.67M +0.4%
GS Goldman Sachs 972.43K $50.94M -5.0%
NTRS Northern Trust 787.14K $41.23M -3.2%
MCQEF Macquarie 773.11K $40.5M +1.4%
Largest transactions
Shares Bought/sold Change
Victory Capital Management 1.2M -359.13K -23.0%
Vanguard 3.26M -174.87K -5.1%
STT State Street 1.17M -150.27K -11.4%
Eaton Vance Management 260.78K +117.98K +82.6%
TROW T. Rowe Price 584.53K -76.73K -11.6%
Palisade Capital Management 256.38K +56.3K +28.1%
GS Goldman Sachs 972.43K -51.66K -5.0%
MS Morgan Stanley 149.33K +43.98K +41.7%
BRITISH COLUMBIA INVESTMENT MANAGEMENT 218.47K +41.5K +23.5%
Balyasny Asset Management 55.21K +33.01K +148.6%

Financial report summary

?
Competition
Veritex
Management Discussion
  •     Net income for the third quarter of 2020 was $34.9 million, or $1.06 on a diluted earnings per share basis, and decreased 32.7% and 29.8%, respectively, as compared to $51.8 million, or $1.51 on a diluted earnings per share basis, for the prior year third quarter. Results for the third quarter of 2020 reflected elevated levels of provision for credit losses due to assumptions and expectations surrounding the potential future impact of the COVID-19 pandemic, as well as a lower net interest margin as a result of the lower interest rate environment. The third quarter of 2020 included a loss on the termination of a derivative contract and the third quarter of 2019 included merger and acquisition costs which the Company deems to be noncore. Excluding these noncore items, third quarter 2020 and 2019 operating net income was $35.4 million and $51.7 million, respectively. See "Non-GAAP Measures" below for a reconciliation of non-GAAP measures.
Content analysis ?
Positive
Negative
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Constraining
Legalese
Litigous
Readability
H.S. sophomore Bad
New words: Advertising, alleviate, amusement, beauty, beverage, bowling, broadly, buildup, car, characterized, circumvent, civic, constitute, crossing, diversified, exacerbated, fast, flagged, fuel, funeral, gambling, gasoline, heading, laundry, leisure, light, mobile, pet, repair, spectator, threshold, vaccine, vehicle, withheld, workout
Removed: Allocate, hereof, percent, surrendering, terminated