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 the 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.

Earnings data Q3 2023

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

ROCKLAND, Mass.--(BUSINESS WIRE)--The Board of Directors of Independent Bank Corp. (Nasdaq Global Select Market: INDB), parent of Rockland Trust Company, today announced a $0.55 per share dividend. The dividend will be payable on October 6, 2023, to stockholders of record as of the close of business on October 2, 2023. Independent Bank Corp. (NASDAQ Global Select Market: INDB) is the holding company for Rockland Trust Company, a full-service commercial bank headquartered in Massachusetts. Rockl.

Independent Bank Corp. Announces Quarterly Dividend

ROCKLAND, Mass.--(BUSINESS WIRE)--Jeffrey Tengel, Chief Executive Officer and Mark J. Ruggiero, Chief Financial Officer and Executive Vice President of Consumer Lending of Independent Bank Corp. (NASDAQ Global Select Market: INDB) will participate in the 2023 Raymond James U.S. Bank and Banking on Tech Conferences on September 6, 2023. The conference will take place at the Marriott Marquis Chicago, 2121 South Prairie Avenue, Chicago, IL 66016. Independent Bank Corp. (NASDAQ Global Select Market.

Independent Bank Corp. CEO Jeffrey Tengel and CFO Mark J. Ruggiero to Participate in the 2023 Raymond James U.S. Bank and Banking on Tech Conferences

Independent Bank Corp. (NASDAQ:INDB ) Q2 2023 Earnings Call Transcript July 21, 2023 10:00 AM ET Company Participants Jeffery Tengel - CEO Mark Ruggiero - CFO Conference Call Participants Mark Fitzgibbon - Piper Sandler Steve Moss - Raymond James Chris O'Connell - KBW Operator Good morning, and welcome to the INDB Independent Bank Corporation's Second Quarter 2023 Earnings Call. All participants will be in listen-only mode.

Independent Bank Corp. (INDB) Q2 2023 Earnings Call Transcript

Although the revenue and EPS for Independent Bank Corp. (INDB) give a sense of how its business performed in the quarter ended June 2023, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

Independent Bank Corp. (INDB) Q2 Earnings: Taking a Look at Key Metrics Versus Estimates

Independent Bank Corp. (INDB) came out with quarterly earnings of $1.42 per share, beating the Zacks Consensus Estimate of $1.34 per share. This compares to earnings of $1.32 per share a year ago.

Independent Bank Corp. (INDB) Q2 Earnings Surpass Estimates

ROCKLAND, Mass.--(BUSINESS WIRE)--Independent Bank Corp. (Nasdaq Global Select Market: INDB), parent of Rockland Trust Company, today announced 2023 second quarter net income of $62.6 million, or $1.42 per diluted share, compared to 2023 first quarter net income of $61.2 million, or $1.36 per diluted share. Second quarter results were driven by healthy loan volumes, strong fee income, and disciplined expense management. The Company generated a return on average assets and a return on average co.

Independent Bank Corp. Reports Second Quarter Net Income of $62.6 Million

Independent Bank Corp. (INDB) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Independent Bank Corp. (INDB) Earnings Expected to Grow: What to Know Ahead of Next Week's Release

Coterra Energy

Horizon

MDU Resources Group

Western Union

Marking the 12th consecutive month of declines, inflation rose only 3% in June according to the consumer price index. This was below economists' expectations of a 3.1% increase.

5 Historically High-Yield Stocks Gurus Agree On

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 second quarter results on Friday, July 21, 2023, 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/10180630/f9dcbf6ac2, which will provide a unique PIN to.

Independent Bank Corp.'s Announcement of Date of Second Quarter Conference Call

American National Bankshares

Bank of Marin Bancorp

Bankwell Financial Group

Cullen/Frost Bankers

Columbia Banking System

CVB Financial

Central Valley Community Bancorp

Eagle Bancorp

Heritage Financial

Heritage Commerce

Hilltop Holdings

Independent Bank Group

Orrstown Financial

Bank OZK

PNC Financial Services

Shore Bancshares

Southern States Bancshares

Community Financial

Wells Fargo

Investors are right to be worried about declining values for office buildings. We appear to be at the start of a long transition for many cities, after the COVID-19 pandemic made clear that for many types of work, people don't need to suffer through long daily commutes to be effective in their jobs.

These banks have high exposure to loans secured by office properties — here's how their stocks have performed

Independent Bank Corp. (INDB) Q1 2023 Earnings Call Transcript.

Independent Bank Corp. (INDB) Q1 2023 Earnings Call Transcript

Independent Bank Corp. (INDB) came out with quarterly earnings of $1.36 per share, missing the Zacks Consensus Estimate of $1.51 per share. This compares to earnings of $1.23 per share a year ago.

Independent Bank Corp. (INDB) Q1 Earnings and Revenues Miss Estimates

ROCKLAND, Mass.--(BUSINESS WIRE)--Independent Bank Corp. (Nasdaq Global Select Market: INDB), parent of Rockland Trust Company, today announced 2023 first quarter net income of $61.2 million, or $1.36 per diluted share, compared to 2022 fourth quarter net income of $77.0 million, or $1.69 per diluted share.

Independent Bank Corp. Reports First Quarter Net Income of $61.2 Million

Independent Bank Corp. (INDB) Reports Next Week: Wall Street Expects Earnings Growth

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 first quarter results on Friday, April 21, 2023, 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.

Independent Bank Corp.'s Announcement of Date of First Quarter Conference Call

ABM Industries

Albany International

Avient Corp

Bristol-Myers

Broadridge Financial

Brady Corporation

Chubb

Comcast

Chesapeake Utilities

Cisco Systems

Dollar General

Quest Diagnostics

Eastman Chemical

Erie Indemnity

Evans Bancorp

First Bancorp

Glacier Bancorp

Getty Realty

Hartford Financial Services Group

Hamilton Lane

H&R Block

International Flavors & Fragrances

A weekly summary of dividend activity for Dividend Champions, Contenders, and Challengers. Companies which changed their dividends.

Dividend Champion, Contender, And Challenger Highlights: Week Of April 2

Brainsway

CNX Resources

BWAY, INDB and CNX have been added to the Zacks Rank #5 (Strong Sell) List on January 26, 2023.

New Strong Sell Stocks for January 26th

Bank First Corp

Guaranty Bancshares

Southern First Bancshares

The most oversold stocks in the financial sector presents an opportunity to buy into undervalued companies.

5 Financial Stocks That Are Diving - And May Rally

Independent Bank Corp. (NASDAQ:INDB ) Q4 2022 Earnings Conference Call January 20, 2022 10:00 AM ET Company Participants Chris Oddleifson - President & CEO Mark Ruggiero - CFO Conference Call Participants Mark Fitzgibbon - Piper Sandler Steve Moss - Raymond James Laurie Hunsicker - Compass Point Chris O'Connell - KBW Operator Good day, and welcome to the INDB Independent Bank Corp. Fourth Quarter 2022 Earnings Call. All participants will be in listen-only mode.

Independent Bank Corp. (INDB) Q4 2022 Earnings Call Transcript

Independent Bank Corp. (INDB) delivered earnings and revenue surprises of 1.81% and 1.96%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?

Independent Bank Corp. (INDB) Q4 Earnings and Revenues Beat Estimates

ROCKLAND, Mass.--( BUSINESS WIRE )--Independent Bank Corp. (Nasdaq Global Select Market: INDB), parent of Rockland Trust Company, today announced 2022 fourth quarter net income of $77.0 million, or $1.69 per diluted share, compared to 2022 third quarter net income of $71.9 million, or $1.57 per diluted share, driven primarily by continued net interest margin expansion combined with solid loan growth and higher fee income. Full year net income was $263.8 million, or $5.69 on a diluted earnings per share basis, an increase of $142.8 million, or 118.0%, as compared to the prior year. In addition, full year operating net income, which excluded non-core adjustments for both periods associated with the Company's fourth quarter 2021 acquisition of Meridian Bancorp, Inc. ("Meridian") and its subsidiary, East Boston Savings Bank, was $268.9 million, or $5.80 on a diluted earnings per share basis, compared to operating net income of $187.6 million, or $5.38 per share for 2021. Please refer to "Reconciliation of Net Income (GAAP) to Operating Net Income (Non-GAAP)" below for a reconciliation of net income to operating net income.

Independent Bank Corp. Reports Fourth Quarter Net Income of $77.0 Million

Independent Bank Corp. (INDB) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.

Why Independent Bank Corp. (INDB) is Poised to Beat Earnings Estimates Again

ROCKLAND, Mass.--( BUSINESS WIRE )--Rockland Trust Company and its bank holding company parent Independent Bank Corp. (NASDAQ Global Select Market: INDB) today announced the appointment of Jeffrey J. Tengel as the successor to current Chief Executive Officer, Christopher Oddleifson, effective on or about February 6, 2023.

Rockland Trust Company and Independent Bank Corp. Appoint Jeffrey J. Tengel as Chief Executive Officer

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 20, 2023, 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/10173965/f564687a95, which will provide a unique PIN to the participant which allows immediate access to the call. A replay of the call will be available by calling 877-344-7529, Replay Conference Number: 6538963 which will be available through January 27, 2023.

News for Independent Bank Stock (INDB)