Independent Bank/$INDB
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About Independent Bank
Independent Bank Corp is a bank holding company and the sole shareholder of its bank, the Rockland Trust Company. Rockland is a community-oriented commercial bank. The bank provides a variety of banking, investment and financial services, operating with various retail branches, as well as a network of commercial and residential lending centers and investment management offices majorly in Eastern Massachusetts, Worcester County, and Rhode Island. The bank's loan portfolio constitutes the bulk of the bank's total assets. Its borrowers consist mostly of small to medium-size businesses and consumers, majority of which are made to its market area in eastern Massachusetts and Rhode Island. The bank's loan portfolio is predominantly in commercial loans.
Ticker
$INDB
Sector
Primary listing
Employees
2,294
Headquarters
Website
Independent Bank Metrics
BasicAdvanced
$4bn
16.36
$5.04
0.80
$2.41
3.11%
Price and volume
Market cap
$4bn
Beta
0.8
52-week high
$87.00
52-week low
$57.01
Average daily volume
309k
Dividend rate
$2.41
Financial strength
Dividend payout ratio (TTM)
45.19%
Profitability
Net profit margin (TTM)
27.46%
Operating margin (TTM)
44.06%
Effective tax rate (TTM)
22.21%
Revenue per employee (TTM)
$380,000
Management effectiveness
Return on assets (TTM)
1.08%
Return on equity (TTM)
7.32%
Valuation
Price to earnings (TTM)
16.364
Price to revenue (TTM)
4.493
Price to book
1.13
Price to tangible book (TTM)
1.72
Price to free cash flow (TTM)
11.601
Free cash flow yield (TTM)
8.62%
Free cash flow per share (TTM)
7.103
Dividend yield (TTM)
2.92%
Forward dividend yield
3.11%
Growth
Revenue change (TTM)
33.95%
Earnings per share change (TTM)
13.41%
3-year revenue growth (CAGR)
6.15%
3-year earnings per share growth (CAGR)
-5.36%
10-year earnings per share growth (CAGR)
5.97%
3-year dividend per share growth (CAGR)
4.37%
10-year dividend per share growth (CAGR)
8.46%
Independent Bank News
AllArticlesVideos
Independent Bank Corp. Reports First Quarter Net Income of $79.9 Million
Business Wire·2 months ago
Independent Bank Corp. Announces Schedule of First Quarter 2026 Earnings Release and Conference Call
Business Wire·2 months ago
Independent Bank Corp. Announces 8.5% Increase in Quarterly Dividend
Business Wire·3 months ago
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