Independent Bank Corp. logo

Independent Bank Corp. (INDB) Financials

NASDAQ NASDAQ:INDB

Market Cap

2.20B

Total Revenue

727.92M

Gross Profit

727.92M

Operating Income

338.55M

Net Income

263.81M

Metric2013201420152016201720182019202020212022
249,824,000264,863,000289,593,000310,240,000341,838,000386,670,000508,429,000477,451,000507,409,000727,916,000
----------3,429,000--------
249,824,000264,863,000289,593,000310,240,000341,838,000383,241,000508,429,000477,451,000507,409,000727,916,000
--------------------
4,280,0003,859,0004,645,0005,202,0004,989,0004,942,0005,444,0004,258,0004,085,000--
98,221,000102,579,000113,678,000116,991,000124,656,000132,227,000157,075,000161,247,000183,465,000211,662,000
98,221,000102,579,000113,678,000116,991,000124,656,000132,227,000157,075,000161,247,000183,465,000211,662,000
4,280,000-160,702,000-176,798,000-179,372,000-188,959,000-201,779,000-290,321,000-324,615,000-350,734,000-389,370,000
90,074,000104,161,000112,795,000130,868,000152,879,000181,462,000218,108,000152,836,000156,675,000338,546,000
-23,336,000-20,417,000-20,617,000-18,793,000-18,334,000-25,536,000------9,208,000
98,564,000115,172,000125,080,000145,222,000168,560,000197,456,000237,547,000180,098,000189,499,000377,345,000
8,490,00011,011,00012,285,00014,354,00015,681,00015,994,00019,439,00027,262,00032,824,00038,799,000
205,914,000216,459,000235,545,000246,637,000277,194,000323,701,000447,014,000402,069,000415,276,000642,840,000
23,336,00020,417,00020,617,00018,793,00018,334,00025,536,00053,879,00034,341,00013,717,00029,591,000
66,738,00083,744,00092,178,000112,075,000134,545,000155,926,000218,108,000152,836,000156,675,000347,754,000
16,484,00023,899,00027,218,00035,427,00047,341,00034,304,00052,933,00031,669,00035,683,00083,941,000
50,254,00059,845,00064,960,00076,648,00087,204,000121,622,000165,175,000121,167,000120,992,000263,813,000
2.182.52.512.93.194.415.033.643.478
2.182.492.52.93.194.45.033.643.478
23,011,81423,899,56225,891,38226,404,07127,294,02827,592,38032,810,43333,259,64334,872,03446,372,051
23,088,57823,993,37725,959,94826,455,91827,372,10427,653,80832,856,23433,285,28934,888,51846,389,989
4,280,000-160,702,000-176,798,000-179,372,000-188,959,000-201,779,000-290,321,000-324,615,000-350,734,000-389,370,000
---263,281,000-290,476,000-296,363,000-313,615,000-343,150,000-447,396,000-485,862,000-534,199,000-601,032,000

Key Facts

Industry

Banks—Regional

Sector

Financial Services

Headquarters

Rockland, MA, US

CEO

Mr. Jeffrey J. Tengel

Employees

1739

About the Company

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 primarily in Massachusetts. The company accepts interest checking, money market, and savings accounts, as well as demand deposits and time certificates of deposit. It also offers commercial and industrial, commercial real estate and construction, small business, consumer real estate, and personal loans. In addition, the company provides investment management and trust services to individuals, institutions, small businesses, and charitable institutions; Internet and mobile banking services, as well as estate settlement, financial planning, tax services, and other services; automated teller machine and debit cards; and mutual fund and unit investment trust shares, general securities, fixed and variable annuities, and life insurance products. As of December 31, 2021, it operates one hundred nineteen retail branches, two limited-service retail branches, and one mobile branch located within Barnstable, Bristol, Dukes, Essex, Middlesex, Nantucket, Norfolk, Plymouth, Suffolk, and Worcester counties in Eastern Massachusetts. The company was founded in 1907 and is headquartered in Rockland, Massachusetts.