INDB
INDEPENDENT BANK CORPCompany Information
- Company Name
- INDEPENDENT BANK CORP
- CIK
- CIK0000776901
- Category
- Large accelerated filer
- Ticker: Exchange
- INDB: Nasdaq
- Fiscal Year End
- December 31
- Owner Organization
- 02 Finance
- SIC
- 6022
- SIC Description
- State Commercial Banks
- Ticker
- INDB
SEC filing data through
Insider Sentiment
- Last purchase
- 2024-03-01
- Last sale
- 2026-08-25
- Shares purchased (TTM)
- 0
- Shares sold (TTM)
- 241,805.73
Institutional Sentiment
- As of
- 2026-06-30
- Institutional shares owned
- 57,010,394
- Shares outstanding
- 48,054,411
- Ownership
- 118.64%
Earnings Market Reaction
- Filing date
- 2026-08-06
- Price on filing date
- —
- 1-month reaction
- -2.29%
- 3-month reaction
- …
Balance Sheet
Values in millions ($)| Line item | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | Subscriber-only column | Subscriber-only column | Subscriber-only column | Subscriber-only column | Subscriber-only column | Trend |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Assets | ||||||||||||||||||
| Cash And Due From Banks | 252 | 223 | 230 | 203 | 219 | 215 | 188 | 199 | 193 | 165 | 179 | 177 | ||||||
| Interest Bearing Deposits In Banks | 749 | 506 | 542 | 707 | 682 | 502 | 32 | 225 | 121 | 56 | 45 | 43 | ||||||
Marketable Securities | ||||||||||||||||||
| Trading Securities Debt | 5 | 6 | 5 | 5 | 5 | 5 | 4 | 4 | 4 | 5 | 5 | 4 | ||||||
| Equity Securities Fv Ni | 22 | 22 | 22 | 22 | 21 | 21 | 21 | 22 | 21 | 23 | 23 | 21 | ||||||
| Debt Securities Available For Sale Excluding Accrued Interest | 2,076 | 2,088 | 2,004 | 1,941 | 1,286 | 1,284 | 1,251 | 1,247 | 1,221 | 1,273 | 1,334 | 1,354 | ||||||
| Debt Securities Held To Maturity Excluding Accrued Interest Before Allowance For Credit Loss | 1,210 | 1,257 | 1,279 | 1,358 | 1,383 | 1,410 | 1,435 | 1,492 | 1,520 | 1,545 | 1,569 | 1,594 | ||||||
| Marketable Securities | 3,313 | 3,372 | 3,310 | 3,325 | 2,695 | 2,720 | 2,711 | 2,766 | 2,766 | 2,846 | 2,931 | 2,974 | ||||||
| Loans Receivable Held For Sale Net Not Part Of Disposal Group | 22 | 17 | 36 | 17 | 17 | 9 | 7 | 16 | 18 | 11 | 6 | 4 | ||||||
Loans And Leases Receivable Net Reported Amount | ||||||||||||||||||
| Notes Receivable Gross | 18,394 | 18,425 | 18,504 | 18,452 | 14,534 | 14,492 | 14,508 | 14,361 | 14,401 | 14,331 | 14,278 | 14,224 | ||||||
| Financing Receivable Allowance For Credit Loss Excluding Accrued Interest | - | - | -190 | - | - | - | -170 | - | - | - | -142 | - | ||||||
| Loans And Leases Receivable Allowance | - | - | - | - | - | - | - | - | - | - | -142 | - | ||||||
| Financing Receivable Allowance For Credit Losses | -196 | -191 | - | -190 | -145 | -144 | - | -164 | -151 | -147 | - | -141 | ||||||
| Notes Receivable Net | 18,198 | 18,235 | 18,314 | 18,262 | 14,389 | 14,348 | 14,338 | 14,197 | 14,250 | 14,184 | 14,136 | 14,084 | ||||||
| Federal Home Loan Bank Stock | 14 | 18 | 22 | 22 | 21 | 26 | 32 | 30 | 33 | 46 | 44 | 44 | ||||||
| Property Plant And Equipment Net | 218 | 218 | 218 | 221 | 189 | 190 | 193 | 192 | 191 | 193 | 193 | 192 | ||||||
| Goodwill | 1,091 | 1,091 | 1,091 | 1,083 | 985 | 985 | 985 | 985 | 985 | 985 | 985 | 985 | ||||||
| Finite Lived Intangible Assets Net | 120 | 127 | 134 | 142 | 10 | 11 | 12 | 14 | 15 | 17 | 18 | 20 | ||||||
| Bank Owned Life Insurance | 381 | 380 | 379 | 376 | 305 | 306 | 304 | 302 | 300 | 298 | 297 | 296 | ||||||
| Other Assets | 616 | 598 | 639 | 634 | 537 | 577 | 570 | 482 | 539 | 524 | 513 | 550 | ||||||
| Assets | 24,974 | 24,784 | 24,913 | 24,993 | 20,049 | 19,888 | 19,374 | 19,408 | 19,411 | 19,325 | 19,347 | 19,368 | ||||||
Deposits | ||||||||||||||||||
| Demand Deposit Accounts | 5,710 | 5,633 | 5,601 | 5,636 | 4,526 | 4,410 | 4,391 | 4,519 | 4,419 | 4,470 | 4,567 | 4,796 | ||||||
| Deposits Savings Deposits | 6,504 | 6,311 | 6,483 | 7,112 | 5,279 | 5,280 | 5,208 | 5,188 | 5,241 | 5,196 | 5,299 | 5,398 | ||||||
| Deposits Money Market Deposits | 4,929 | 4,898 | 4,775 | 4,128 | 3,368 | 3,277 | 2,960 | 2,970 | 3,058 | 2,944 | 2,818 | 2,852 | ||||||
| Time Deposits | - | - | 3,268 | - | - | - | 2,747 | - | - | - | 2,181 | - | ||||||
| Interest Bearing Domestic Deposit Time Deposits | 3,249 | 3,255 | - | 3,420 | 2,720 | 2,710 | - | 2,763 | 2,691 | 2,433 | - | 2,013 | ||||||
| Deposits | 20,392 | 20,098 | 20,127 | 20,296 | 15,894 | 15,676 | 15,306 | 15,441 | 15,410 | 15,043 | 14,866 | 15,060 | ||||||
Debt And Capital Lease Obligations | ||||||||||||||||||
| Advances From Federal Home Loan Banks | 217 | 317 | 405 | 416 | 401 | 501 | 639 | 601 | 631 | 963 | 1,106 | 888 | ||||||
| Line Of Credit | -0 | 0 | 50 | - | - | - | 0 | - | - | - | - | - | ||||||
| Junior Subordinated Notes | 63 | 63 | 63 | 63 | 63 | 63 | 63 | 63 | 63 | 63 | 63 | 63 | ||||||
| Subordinated Debt | 297 | 297 | 296 | 296 | 296 | 297 | 0 | 0 | 0 | - | 50 | 50 | ||||||
| Debt And Capital Lease Obligations | 701 | 776 | 826 | 775 | 759 | 860 | 701 | 663 | 693 | 1,025 | 1,218 | 1,000 | ||||||
| Other Liabilities | 368 | 368 | 395 | 375 | 321 | 319 | 373 | 327 | 389 | 372 | 368 | 423 | ||||||
| Liabilities | 21,462 | 21,242 | 21,347 | 21,446 | 16,974 | 16,855 | 16,380 | 16,431 | 16,492 | 16,440 | 16,452 | 16,483 | ||||||
| Commitments And Contingencies | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||||||
Stockholders Equity | ||||||||||||||||||
| Preferred Stock Value | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||||||
| Common Stock Value | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||||||
| Common Stock Issued Employee Stock Trust | -4 | -4 | -3 | -4 | -3 | -4 | -3 | -3 | -3 | -3 | -3 | -3 | ||||||
| Compensation And Benefits Trust | 4 | 4 | 3 | 4 | 3 | 4 | 3 | 3 | 3 | 3 | 3 | 3 | ||||||
| Additional Paid In Capital | 2,201 | 2,273 | 2,336 | 2,371 | 1,915 | 1,911 | 1,910 | 1,907 | 1,905 | 1,902 | 1,932 | 1,999 | ||||||
| Retained Earnings Accumulated Deficit | 1,369 | 1,318 | 1,269 | 1,223 | 1,218 | 1,192 | 1,173 | 1,147 | 1,128 | 1,101 | 1,077 | 1,046 | ||||||
| Accumulated Other Comprehensive Income Loss Net Of Tax | -59 | -49 | -40 | -48 | -58 | -70 | -90 | -77 | -114 | -119 | -115 | -161 | ||||||
| Stockholders Equity | 3,512 | 3,542 | 3,566 | 3,547 | 3,075 | 3,033 | 2,993 | 2,977 | 2,919 | 2,884 | 2,895 | 2,885 | ||||||
| Liabilities And Stockholders Equity | 24,974 | 24,784 | 24,913 | 24,993 | 20,049 | 19,888 | 19,374 | 19,408 | 19,411 | 19,325 | 19,347 | 19,368 | ||||||
| Common Stock Dividends Per Share Declared | 0.64 | - | - | - | 0.59 | - | - | - | - | - | - | - | ||||||
| Debt Securities Available For Sale Amortized Cost Excluding Accrued Interest Before Allowance For Credit Loss | 2,147 | 2,148 | 2,052 | 1,998 | 1,355 | 1,366 | 1,354 | 1,335 | 1,345 | 1,402 | 1,460 | 1,525 | ||||||
| Held To Maturity Securities Fair Value | 1,118 | 1,166 | 1,191 | 1,261 | 1,274 | 1,289 | 1,292 | 1,377 | 1,358 | 1,384 | 1,418 | 1,384 | ||||||
| Preferred Stock Par Or Stated Value Per Share | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | ||||||
| Preferred Stock Shares Authorized | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | ||||||
| Preferred Stock Shares Outstanding | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||||||
| Common Stock Par Or Stated Value Per Share | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | ||||||
| Common Stock Shares Authorized | 75 | 75 | 75 | 75 | 75 | 75 | 75 | 75 | 75 | 75 | 75 | 75 | ||||||
| Shares Outstanding | 48 | 49 | 49 | 50 | 43 | 43 | 43 | 42 | 42 | 42 | 43 | 44 | ||||||
| Common Stock Shares Issued | 48 | 49 | 49 | 50 | 43 | 43 | 43 | 42 | 42 | 42 | 43 | 44 | ||||||
| Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||||||
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Recent filings
- 10-QFiled
- 10-QFiled
- 10-KFiled
- 10-QFiled
- 10-QFiled
- 10-QFiled
- 10-KFiled
- 10-QFiled
- 10-QFiled
- 10-QFiled
- 10-KFiled
- 10-QFiled
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Start 7-day free trialINDEPENDENT BANK CORP (INDB) — SEC Financial Statements & Analysis
INDEPENDENT BANK CORP (INDB) is a state commercial banks company, incorporated in MA. INDEPENDENT BANK CORP trades on Nasdaq as: INDB. INDEPENDENT BANK CORP (INDB)'s most recent SEC filing is a Form 10-Q for the period ended 2026-06-30, filed with the SEC on 2026-08-06. Based on that filing, INDEPENDENT BANK CORP carries a market cap of $3.99B, a P/E ratio of 14.71x, a P/B ratio of 1.14x, a P/S ratio of 3.41x, an enterprise value of $3.05B, and an EV/EBITDA multiple of -5.82x. On profitability, it posts a gross margin of 71.61%, an operating margin of 21.80%, a net margin of 23.16%, a Return on Equity (ROE) of 8.24%, and a Return on Invested Capital (ROIC) of -23.41%. Per share, it reports EPS of $5.65, diluted EPS of $5.64, free cash flow per share of $6.32, and a dividend per share of $2.39. Over the trailing year, it posted revenue growth of 35.79% year-over-year, net income growth of 43.95% year-over-year, and EPS growth of 27.68% year-over-year. On the balance sheet, it maintains an interest coverage ratio of -0.68x, free cash flow of $303.80M (TTM), and net debt of $-938.36M. Figures sourced from SEC EDGAR.
- Market Cap
- $3.99B
- P/E TTM
- 14.71x
- EPS TTM
- $5.65
- P/B TTM
- 1.14x
- ROE TTM
- 8.24%
- Free Cash Flow TTM
- $303.80M
- Net Revenue TTM Growth 1Y
- 35.79%
Data as of 2026-06-30 · Source: SEC EDGAR
Frequently Asked Questions
What industry is INDEPENDENT BANK CORP in?
INDEPENDENT BANK CORP (INDB) operates in the State Commercial Banks industry.
What exchange does INDB trade on?
INDEPENDENT BANK CORP (INDB) trades on the Nasdaq.
Where is INDEPENDENT BANK CORP incorporated?
INDEPENDENT BANK CORP is incorporated in MA.
When was INDEPENDENT BANK CORP (INDB)'s most recent SEC filing?
INDEPENDENT BANK CORP (INDB)'s most recent SEC filing is a Form 10-Q for the period ended 2026-06-30, filed with the SEC on 2026-08-06.
What is INDB's market cap?
INDEPENDENT BANK CORP (INDB) has a market capitalization of $3.99B as of 2026-06-30.
What is INDB's P/E ratio?
INDEPENDENT BANK CORP (INDB)'s trailing twelve month P/E ratio is 14.71x as of 2026-06-30.
What is INDB's EPS (earnings per share)?
INDEPENDENT BANK CORP (INDB)'s trailing twelve month EPS is $5.65 as of 2026-06-30.
What is INDB's ROE (return on equity)?
INDEPENDENT BANK CORP (INDB)'s trailing twelve month Return on Equity (ROE) is 8.24% as of 2026-06-30.
What is INDB's ROIC (return on invested capital)?
INDEPENDENT BANK CORP (INDB)'s trailing twelve month Return on Invested Capital (ROIC) is -23.41% as of 2026-06-30.
What is INDB's EV/EBITDA?
INDEPENDENT BANK CORP (INDB)'s trailing twelve month EV/EBITDA is -5.82x as of 2026-06-30.