Stock Fundamentals

Company Information

Company Name
Independent Bank
Sector
Financial Services
Industry
Banks - Regional
Exchange
NASDAQ
ISIN: US4538361084
CIK: 0000776901
CUSIP: 453836108
Currency: USD
Full Time Employees: 2,294
Phone: 781 878 6100
Fiscal Year End: December
IPO Date: Mar 27, 1990
Description:

Independent Bank Corp. operates as the bank holding company for Rockland Trust Company that provides commercial banking products and services to individuals and small-to-medium sized businesses in the United States. It provides interest checking, money market, and savings accounts, as well as demand deposits and time certificates of deposit. The company also offers commercial real estate and construction, commercial and industrial, small business, secured and unsecured commercial, and consumer real estate loans; term loans and revolving/nonrevolving lines of credit; overdraft protection and letters of credit; and residential mortgages and home equity loans and lines. In addition, it provides cash management services, such as ACH transaction processing, positive pay, and remote deposit services; investment management and trust services to individuals, institutions, small businesses, and charitable institutions; interchange fees; ATM fees; mobile, online, and telephone banking; estate settlement, financial planning, tax services, and other services; debit and credit cards; and mutual fund and unit investment trust shares, third party model portfolios, general securities, fixed and variable annuities, and life insurance products, as well as advisory platforms. Further, the company invests in low-income housing tax credit projects; holds, maintains, and disposes foreclosed properties; and operates as an investment advisor. The company was founded in 1907 and is headquartered in Rockland, Massachusetts.

Address:

288 Union Street, Rockland, MA, United States, 02370

Directors & Officers

Name Title Year Born
Mr. Jeffrey J. Tengel President, CEO & Director 1963
Ms. Patricia M. Natale Esq. Executive VP, General Counsel & Corporate Secretary 1966
Mr. Lee C. Powlus Executive VP, Chief Technology & Operations Officer of Rockland Trust Company 1961
Mr. David Byron Smith C.F.A. Executive VP & Chief Investment Officer NA
Ms. Maureen A. Gaffney Senior VP, Controller & Principal Accounting Officer 1979
Mr. Alastair Ironside Executive VP & Chief Marketing Officer NA
Ms. Maria S. Harris Executive VP & Chief Human Resource Officer of Rockland Trust Company 1971
Mr. Timothy C. Lane Senior VP & Chief Internal Auditor NA
Ms. Margaret McCarthy Executive VP & Chief Retail Banking Officer NA
Ms. Kathryn O'malley Executive VP & Chief Credit Officer of Rockland Trust Company 1963

Institutional Holders

Holder Name Shares Date Reported % Out Value % Change
BlackRock Inc 7.01M Sep 30, 2025 14.32% $0.01 5.93%
Vanguard Group Inc 5.87M Dec 31, 2025 11.99% $0.01 -1.18%
Dimensional Fund Advisors, Inc. 2.57M Dec 31, 2025 5.24% $0.04 -1.47%
State Street Corp 2.56M Sep 30, 2025 5.22% $0.01 8.29%
AllianceBernstein L.P. 1.71M Sep 30, 2025 3.48% $0.04 -0.25%
Rockland Trust Co 1.26M Dec 31, 2025 2.58% $3.63 84.06%
Geode Capital Management, LLC 1.21M Sep 30, 2025 2.47% $0.01 1.30%
Macquarie Group Ltd 1.17M Sep 30, 2025 2.40% $0.09 8.26%
DePrince Race & Zollo Inc 1.05M Dec 31, 2025 2.14% $1.46 1.35%
Victory Capital Management Inc. 858.68K Sep 30, 2025 1.75% $0.03 -5.23%
Verition Fund Managegment, LLC 829.03K Dec 31, 2025 1.69% $0.24 -12.36%
The Goldman Sachs Group Inc 689.79K Sep 30, 2025 1.41% $0.01 24.20%
NORGES BANK 631.05K Dec 31, 2025 1.29% $0.00 27.79%
Morgan Stanley - Brokerage Accounts 625.40K Sep 30, 2025 1.28% $0.00 -1.38%
Reinhart Mahoney Capital Management Inc 622.96K Dec 31, 2025 1.27% $1.36 15.06%
Charles Schwab Investment Management Inc 594.26K Dec 31, 2025 1.21% $0.01 0.66%
Silvercrest Asset Management Group LLC 592.51K Dec 31, 2025 1.21% $0.30 -11.78%
Bank of America Corp 555.18K Sep 30, 2025 1.13% $0.00 39.53%
Northern Trust Corp 538.42K Sep 30, 2025 1.10% $0.00 2.26%
NFJ Investment Group, LLC 495.52K Sep 30, 2025 1.01% $1.18 238.26%

Shares Statistics

Shares Outstanding: 48.99M
Shares Float: 48.29M
% Insiders: 72.40%
% Institutions: 8,766.70%
Short % Float: 4.55%

🏆 Top 10 Institutional Holders

Rank Holder Name Shares Held % of Shares Change Date Reported
1 BlackRock Inc 7.01M 14.32% ▲ 5.93% Sep 30, 2025
2 Vanguard Group Inc 5.87M 11.99% ▼ 1.18% Dec 31, 2025
3 Dimensional Fund Advisors, Inc. 2.57M 5.24% ▼ 1.47% Dec 31, 2025
4 State Street Corp 2.56M 5.22% ▲ 8.29% Sep 30, 2025
5 AllianceBernstein L.P. 1.71M 3.48% ▼ 0.25% Sep 30, 2025
6 Rockland Trust Co 1.26M 2.58% ▲ 84.06% Dec 31, 2025
7 Geode Capital Management, LLC 1.21M 2.47% ▲ 1.30% Sep 30, 2025
8 Macquarie Group Ltd 1.17M 2.40% ▲ 8.26% Sep 30, 2025
9 DePrince Race & Zollo Inc 1.05M 2.14% ▲ 1.35% Dec 31, 2025
10 Victory Capital Management Inc. 858.68K 1.75% ▼ 5.23% Sep 30, 2025

Valuation Metrics

Enterprise Value: $3.82B
Trailing P/E: 16.83
Forward P/E: 10.14

Financial Highlights

Market Cap: $3.71B
P/E Ratio: $16.83
PEG Ratio: $11.00
Book Value: $72.41
Dividend/Share: $2.36
Dividend Yield: 3.14%
Earnings/Share: $4.44
Profit Margin: 25.90%
Operating Margin: 47.46%
ROA (TTM): 0.93%
ROE (TTM): 6.26%
Revenue (TTM): $792.05M
Revenue/Share (TTM): $17.16
Earnings Growth (YOY): 29.20%
Revenue Growth (YOY): 47.10%

Stock Price History

1 Year Price History

2 Years Price History

5 Years Price History

10 Years Price History

Download Financials (Excel)

Financial Charts

Revenue & Net Income (Yearly)

Revenue & Net Income (Quarterly)

Operating Expenses (Yearly)

Operating Expenses (Quarterly)

Balance Sheet (Yearly)

Balance Sheet (Quarterly)

Assets Breakdown (Yearly)

Assets Breakdown (Quarterly)

Liabilities Breakdown (Yearly)

Liabilities Breakdown (Quarterly)

Earnings Per Share (EPS) History

Financial Ratios

Earnings History

Balance Sheet (Yearly)

Financial Ratios

Date Current Ratio Debt/Equity Debt/Assets Interest Coverage Debt/EBITDA
2025-12-31 0.55x 0.33x 0.86x 0.85x 3.89x
2024-12-31 0.02x 0.45x 0.85x 0.85x 4.70x
2023-12-31 0.10x 0.81x 0.85x 1.67x 7.42x
2022-12-31 0.11x 0.04x 0.85x 11.75x 0.33x
2021-12-31 0.23x 0.06x 0.85x 11.42x 1.02x
2020-12-31 0.16x 0.14x 0.87x 4.45x 1.29x
2019-12-31 0.10x 0.25x 0.03x 4.05x 1.77x
2018-12-31 0.09x 0.24x 0.88x 6.11x 1.51x
2017-12-31 1.86x 0.34x 0.88x 7.34x 2.15x
2016-12-31 37.01x 0.39x 0.89x 5.96x 2.65x
2015-12-31 45.36x 0.31x 0.89x 4.47x 2.31x
2014-12-31 0.10x 0.65x 0.90x 4.10x 4.37x
2013-12-31 0.11x 0.67x 0.90x 2.86x 5.23x
2012-12-31 0.11x 0.90x 0.91x 2.45x 7.08x
2011-12-31 0.13x 0.85x 0.91x 2.18x 5.51x
2010-12-31 0.04x 1.24x 0.91x 1.35x 8.69x
2009-12-31 0.03x 1.42x 0.91x 0.57x 16.49x
2008-12-31 0.02x 2.15x 0.92x 0.52x 18.67x
2007-12-31 0.03x 1.29x 0.92x 0.58x 6.66x
2006-12-31 0.03x 1.44x 0.92x 0.73x 6.18x
2005-12-31 0.03x 2.55x 0.92x 0.97x 10.66x
2004-12-31 0.03x 3.11x 0.93x 1.21x 12.96x
2003-12-31 0.04x 1.61x 0.91x 1.29x 5.83x
2002-12-31 0.04x 2.06x 0.91x 0.92x 7.98x
2001-12-31 0.04x 2.99x 0.91x 0.60x 9.92x
2000-12-31 0.04x 2.85x 0.91x 0.39x 12.00x
1999-12-31 0.04x 2.94x 0.92x 0.49x 9.90x
1998-12-31 0.06x 4.14x 0.92x 0.48x 14.11x
1997-12-31 0.06x 1.93x 0.91x 0.52x 7.24x
1996-12-31 0.05x 0.97x 0.93x 0.55x 3.77x
1995-12-31 0.09x 0.33x 0.93x 0.52x 1.32x
1994-12-31 0.07x 0.80x 0.93x 0.35x 3.44x
1993-12-31 0.08x 0.21x 0.93x 0.19x 1.42x
1992-12-31 0.12x 0.15x 0.93x 0.01x 2.76x
1991-12-31 0.09x 0.01x 0.96x -0.32x -0.01x
1990-12-31 N/A N/A N/A N/A 0.00x
1989-12-31 N/A N/A N/A N/A 0.00x
1988-12-31 N/A N/A N/A N/A 0.00x
1987-12-31 N/A N/A N/A N/A 0.00x
1986-12-31 N/A N/A N/A N/A 0.00x
1985-12-31 N/A N/A N/A N/A 0.00x

Insider Trading

Date Insider Name Title Transaction Type Shares Price Value
Feb 06, 2026 John J Morrissey N/A Sale 1.99K $85.70 $170.37K
Feb 04, 2026 Donna L Abelli N/A Sale 524.00 $85.00 $44.54K
Dec 05, 2025 Thomas R Venables N/A Sale 405.00 $73.93 $29.94K
Nov 21, 2025 Gerard F Nadeau N/A Sale 3.00K $70.00 $210.00K
Nov 14, 2025 Ken S Ansin N/A Sale 53.00K $69.06 $3.66M
Nov 10, 2025 Ken S Ansin N/A Sale 144.00K $69.94 $10.07M

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