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Independent Bank (INDB) Company Overview

Profile

Full Name:

Independent Bank Corp.

Country:

United States

IPO:

May 14, 1986

Indexes:

Not included

Description:

Independent Bank Corp. is an American banking holding company. It was founded in 1907. The headquarters is located in Rockland, Massachusetts (USA). Independent Bank Corp. offers a wide range of banking services: various types of loans and deposits, investment management, etc. The company provides commercial loans (for real estate, construction, secured and unsecured for commercial purposes, etc. for small and medium businesses); mortgage loans and other consumer loans (loans, installment loans, credit cards, etc. for individuals).

Key Details

Price

$69.80

Annual Revenue

$689.74 M(-4.48% YoY)

Annual EPS

$4.52(-16.61% YoY)

Beta

0.99

Events Calendar

Earnings

Next earnings date:

Apr 18, 2025

Recent quarterly earnings:

Jan 17, 2025

Recent annual earnings:

Jan 17, 2025
Dividend

Next ex-dividend date:

N/A

Recent ex-dividend date:

Dec 30, 2024
Splits

Next split:

N/A

Recent split:

Oct 1, 1987

Analyst ratings

Recent major analysts updates

Jan 21, 25 Raymond James
Strong Buy
Jan 21, 25 Keefe, Bruyette & Woods
Market Perform
Dec 12, 24 Keefe, Bruyette & Woods
Market Perform
Dec 4, 24 Keefe, Bruyette & Woods
Market Perform
Oct 21, 24 Raymond James
Strong Buy
Oct 21, 24 Keefe, Bruyette & Woods
Market Perform
Jul 22, 24 Seaport Global
Buy
Apr 22, 24 Keefe, Bruyette & Woods
Market Perform
Jan 22, 24 Keefe, Bruyette & Woods
Market Perform
Oct 23, 23 Seaport Global
Neutral

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Independent Bank Corp. (INDB) Q4 2024 Earnings Call Transcript
Independent Bank Corp. (INDB) Q4 2024 Earnings Call Transcript
Independent Bank Corp. (INDB) Q4 2024 Earnings Call Transcript
INDB
seekingalpha.comJanuary 17, 2025

Independent Bank Corp. (NASDAQ:INDB ) Q4 2024 Results Conference Call January 17, 2025 10:00 AM ET Company Participants Jeff Tengel - CEO Mark Ruggiero - CFO & Head of Consumer Lending Conference Call Participants Steve Moss - Raymond James Mark Fitzgibbon - Piper Sandler Laurie Hunsicker - Seaport Research Christopher O'Connell - KBW Operator Good day, and welcome to the Independent Bank Corp Fourth Quarter 2024 Earnings Call. [Operator Instructions].

Independent Bank Corp. (INDB) Q4 Earnings: Taking a Look at Key Metrics Versus Estimates
Independent Bank Corp. (INDB) Q4 Earnings: Taking a Look at Key Metrics Versus Estimates
Independent Bank Corp. (INDB) Q4 Earnings: Taking a Look at Key Metrics Versus Estimates
INDB
zacks.comJanuary 16, 2025

The headline numbers for Independent Bank Corp. (INDB) give insight into how the company performed in the quarter ended December 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

Independent Bank: Another Regional Bank Delivering
Independent Bank: Another Regional Bank Delivering
Independent Bank: Another Regional Bank Delivering
INDB
seekingalpha.comJanuary 16, 2025

Independent Bank Corp.'s Q4 earnings were strong, with revenues flat and EPS surpassing expectations, boosted by lower credit loss provisions and better margins. Loan and deposit growth were positive, with loans up 1% and deposits up 0.7%, indicating strong performance and future potential. Asset quality mostly improved, with nonperforming assets slightly down and better return metrics, though allowance for credit losses ticked up slightly.

Independent Bank Corp. (INDB) Surpasses Q4 Earnings and Revenue Estimates
Independent Bank Corp. (INDB) Surpasses Q4 Earnings and Revenue Estimates
Independent Bank Corp. (INDB) Surpasses Q4 Earnings and Revenue Estimates
INDB
zacks.comJanuary 16, 2025

Independent Bank Corp. (INDB) came out with quarterly earnings of $1.21 per share, beating the Zacks Consensus Estimate of $1.16 per share. This compares to earnings of $1.26 per share a year ago.

Independent Bank Corp. (INDB) Loses -12.92% in 4 Weeks, Here's Why a Trend Reversal May be Around the Corner
Independent Bank Corp. (INDB) Loses -12.92% in 4 Weeks, Here's Why a Trend Reversal May be Around the Corner
Independent Bank Corp. (INDB) Loses -12.92% in 4 Weeks, Here's Why a Trend Reversal May be Around the Corner
INDB
zacks.comJanuary 10, 2025

Independent Bank Corp. (INDB) is technically in oversold territory now, so the heavy selling pressure might have exhausted. This along with strong agreement among Wall Street analysts in raising earnings estimates could lead to a trend reversal for the stock.

Independent Bank Corp.'s Announcement of Date of Fourth Quarter Conference Call
Independent Bank Corp.'s Announcement of Date of Fourth Quarter Conference Call
Independent Bank Corp.'s Announcement of Date of Fourth Quarter Conference Call
INDB
businesswire.comJanuary 6, 2025

ROCKLAND, Mass.--(BUSINESS WIRE)--Independent Bank Corp. (Nasdaq Global Select Market: INDB), parent of Rockland Trust Company, will host its quarterly conference call to discuss fourth quarter results on Friday, January 17, 2025, at 10:00 AM Eastern Time. Telephonic access will be available by dial-in at 888-336-7153 reference: INDB. Participants may also choose to pre-register for the conference by navigating to https://dpregister.com/sreg/10194177/fde0484bd2 which will provide a unique PIN t.

Independent Bank Corp. (INDB) Q3 2024 Earnings Call Transcript
Independent Bank Corp. (INDB) Q3 2024 Earnings Call Transcript
Independent Bank Corp. (INDB) Q3 2024 Earnings Call Transcript
INDB
seekingalpha.comOctober 18, 2024

Independent Bank Corp. (NASDAQ:INDB ) Q3 2024 Results Conference Call October 18, 2024 10:00 AM ET Company Participants Jeff Tengel - CEO Mark Ruggiero - CFO & Head of Consumer Lending Conference Call Participants Steve Moss - Raymond James Mark Fitzgibbon - Piper Sandler Laurie Hunsicker - Seaport Research Christopher O'Connell - KBW Operator Good day, and welcome to the Independent Bank Corp Third Quarter 2024 Earnings Call Conference Call. All participants will be in listen only mode.

Compared to Estimates, Independent Bank Corp. (INDB) Q3 Earnings: A Look at Key Metrics
Compared to Estimates, Independent Bank Corp. (INDB) Q3 Earnings: A Look at Key Metrics
Compared to Estimates, Independent Bank Corp. (INDB) Q3 Earnings: A Look at Key Metrics
INDB
zacks.comOctober 17, 2024

The headline numbers for Independent Bank Corp. (INDB) give insight into how the company performed in the quarter ended September 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

Independent Bank Corp. (INDB) Surpasses Q3 Earnings and Revenue Estimates
Independent Bank Corp. (INDB) Surpasses Q3 Earnings and Revenue Estimates
Independent Bank Corp. (INDB) Surpasses Q3 Earnings and Revenue Estimates
INDB
zacks.comOctober 17, 2024

Independent Bank Corp. (INDB) came out with quarterly earnings of $1.01 per share, beating the Zacks Consensus Estimate of $0.99 per share. This compares to earnings of $1.38 per share a year ago.

Independent Bank Corp. Reports Third Quarter Net Income of $42.9 Million
Independent Bank Corp. Reports Third Quarter Net Income of $42.9 Million
Independent Bank Corp. Reports Third Quarter Net Income of $42.9 Million
INDB
businesswire.comOctober 17, 2024

ROCKLAND, Mass.--(BUSINESS WIRE)--Independent Bank Corp. (Nasdaq Global Select Market: INDB), parent of Rockland Trust Company, today announced 2024 third quarter net income of $42.9 million, or $1.01 per diluted share, compared to 2024 second quarter net income of $51.3 million, or $1.21 per diluted share. The decline in net income was largely attributable to an increase in the Company's loan loss provision compared to the prior quarter, partially mitigated by higher revenue levels. The increa.

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FAQ

  • What is the ticker symbol for Independent Bank?
  • Does Independent Bank pay dividends?
  • What sector is Independent Bank in?
  • What industry is Independent Bank in?
  • What country is Independent Bank based in?
  • When did Independent Bank go public?
  • Is Independent Bank in the S&P 500?
  • Is Independent Bank in the NASDAQ 100?
  • Is Independent Bank in the Dow Jones?
  • When was Independent Bank's last earnings report?
  • When does Independent Bank report earnings?
  • Should I buy Independent Bank stock now?

What is the ticker symbol for Independent Bank?

The ticker symbol for Independent Bank is NASDAQ:INDB

Does Independent Bank pay dividends?

Yes, Independent Bank pays dividends. The last payment was $0.57, with an ex-dividend date on December 30, 2024

What sector is Independent Bank in?

Independent Bank is in the Financial Services sector

What industry is Independent Bank in?

Independent Bank is in the Banks - Regional industry

What country is Independent Bank based in?

Independent Bank is headquartered in United States

When did Independent Bank go public?

Independent Bank's initial public offering (IPO) was on May 14, 1986

Is Independent Bank in the S&P 500?

No, Independent Bank is not included in the S&P 500 index

Is Independent Bank in the NASDAQ 100?

No, Independent Bank is not included in the NASDAQ 100 index

Is Independent Bank in the Dow Jones?

No, Independent Bank is not included in the Dow Jones index

When was Independent Bank's last earnings report?

Independent Bank's most recent earnings report was on Jan 17, 2025

When does Independent Bank report earnings?

The next expected earnings date for Independent Bank is Apr 18, 2025

Should I buy Independent Bank stock now?

As of today, analysts generally recommend a 'Buy' rating. However, it's important to do your own research and consider your financial situation before making any investment decisions