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INDB Independent Bank

Independent Bank Corp. operates as a bank holding company. The company provides commercial banking, retail banking, and wealth management services and is engaged in sale of retail investments and insurance products in Massachusetts. It offers deposit products, including demand deposits, interest checking, money market accounts, savings accounts and time certificates of deposit. The company provides real estate loans, which include commercial mortgages that are secured by non-residential properties; residential mortgages that are secured primarily by owner-occupied residences; and mortgages for the construction of commercial and residential properties. Independent Bank was founded in 1985 and is headquartered in Rockland, MA.

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

25 Feb 21
18 Apr 21
31 Dec 21
Quarter (USD)
Dec 20 Sep 20 Jun 20 Mar 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
12 Mar 21 Christopher Oddleifson Common Stock Payment of exercise Dispose F No No 98.55 1,903 187.54K 100,840
12 Mar 21 Christopher Oddleifson Common Stock Grant Aquire A No No 0 5,270 0 102,743
12 Mar 21 Barry H Jensen Common Stock Payment of exercise Dispose F No No 98.55 275 27.1K 19,599.893
12 Mar 21 Barry H Jensen Common Stock Grant Aquire A No No 0 1,020 0 19,874.893
12 Mar 21 Maria S Harris Common Stock Payment of exercise Dispose F No No 98.55 206 20.3K 6,465
12 Mar 21 Maria S Harris Common Stock Grant Aquire A No No 0 765 0 6,671
12 Mar 21 Edward H Seksay Common Stock Payment of exercise Dispose F No No 98.55 298 29.37K 14,729
12 Mar 21 Edward H Seksay Common Stock Grant Aquire A No No 0 1,105 0 15,027
12 Mar 21 Gerard F Nadeau Common Stock Payment of exercise Dispose F No No 98.55 573 56.47K 25,311
12 Mar 21 Gerard F Nadeau Common Stock Grant Aquire A No No 0 2,125 0 25,884

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

82.7% owned by funds/institutions
13F holders
Current Prev Q Change
Total holders 191 188 +1.6%
Opened positions 29 22 +31.8%
Closed positions 26 29 -10.3%
Increased positions 64 54 +18.5%
Reduced positions 63 70 -10.0%
13F shares
Current Prev Q Change
Total value 2B 1.39B +43.4%
Total shares 27.31M 26.55M +2.8%
Total puts 20.4K 5K +308.0%
Total calls 8.3K 0 NEW
Total put/call ratio 2.5 Infinity NaN%
Largest owners
Shares Value Change
BLK Blackrock 4.86M $355.28M +2.4%
Vanguard 3.34M $243.63M +2.3%
SAMG Silvercrest Asset Management 1.68M $123.01M +4.7%
Victory Capital Management 1.36M $99.39M +13.5%
STT State Street 1.28M $93.99M +9.0%
Champlain Investment Partners 1.27M $92.74M +2.6%
Dimensional Fund Advisors 1.07M $77.99M -1.3%
GS Goldman Sachs 881.6K $64.39M -9.3%
MCQEF Macquarie 775.74K $56.66M +0.3%
NTRS Northern Trust 771.25K $56.33M -2.0%
Largest transactions
Shares Bought/sold Change
FMR 176.49K -453.7K -72.0%
Norges Bank 367.1K +367.1K NEW
Victory Capital Management 1.36M +161.71K +13.5%
Eaton Vance Management 411.92K +151.14K +58.0%
BLK Blackrock 4.86M +113.07K +2.4%
TROW T. Rowe Price 694.17K +109.64K +18.8%
STT State Street 1.28M +105.97K +9.0%
Boston Trust Walden 253.59K +102.04K +67.3%
JHG Janus Henderson 332.88K -98.5K -22.8%
GS Goldman Sachs 881.6K -90.83K -9.3%

Financial report summary

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Competition
Veritex
Management Discussion
  • Net income for 2020 computed in accordance with GAAP was $121.2 million, or $3.64 on a diluted earnings per share basis, as compared to $165.2 million, or $5.03 per diluted share, for the prior year. Net income for 2020 and 2019 included items that are considered noncore, which are excluded for purposes of assessing operating earnings. Net operating earnings for 2020 were $121.7 million, or $3.66 on a diluted earnings per share basis, a decrease of 34.1% and 34.9%, respectively, when compared to net operating earnings of $184.6 million, or $5.62 per diluted share, for the year ended December 31, 2019. See "Non-GAAP Measures" below for a reconciliation of net operating earnings and diluted earnings per share to GAAP net income and earnings per share, respectively.
Content analysis
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Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
H.S. sophomore Bad
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