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Independent Bank Corp/MA - INDB STOCK NEWS

Welcome to our dedicated page for Independent Bank Corp/MA news (Ticker: INDB), a resource for investors and traders seeking the latest updates and insights on Independent Bank Corp/MA stock.

Independent Bank Corp/MA (symbol: INDB) is a leading bank holding company, owning Rockland Trust Company, a full-service commercial bank headquartered in Massachusetts. With approximately $7.1 billion in assets, Independent Bank Corp. serves as a cornerstone in the financial sector of Eastern Massachusetts and Rhode Island.

Rockland Trust Company offers a comprehensive range of banking, investment, and insurance services. These services are tailored to meet the needs of both businesses and individuals, accessible through a network of retail branches, commercial lending offices, investment management offices, and residential lending centers. The institution also provides convenient banking options via telephone, mobile, and online platforms.

As a community-oriented bank, Rockland Trust places significant emphasis on building enduring relationships with its clients, encapsulated in its motto, “where each relationship matters®.” The majority of the bank's loan portfolio is concentrated in commercial loans, primarily serving small to medium-sized businesses and consumers within its market area.

Recent achievements of Independent Bank Corp. include strategic expansions and enhancements in digital banking, reflecting its commitment to providing innovative and accessible financial solutions. The bank continues to strengthen its financial condition through prudent loan management and robust customer service.

Rockland Trust is a member of the Federal Deposit Insurance Corporation (FDIC) and an equal housing lender, ensuring that all customers receive fair and equitable treatment. The bank's dedication to community service and customer satisfaction makes it a pivotal institution in the regional banking landscape.

For further information and updates, please visit their official website at www.rocklandtrust.com.

News

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

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Independent Bank Corp. (INDB) to host quarterly conference call to discuss first quarter results. The parent company of Rockland Trust Company offers a wide range of banking, investment, and insurance services to individuals, families, and businesses. Internet access and replay options available.
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Independent Bank Corp. Announces 4% Increase in Quarterly Dividend

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Independent Bank Corp. (INDB) increases dividend by $0.02 per share, reflecting a 4% increase from the prior quarter. The dividend of $0.57 per share will be payable on April 5, 2024, to stockholders of record as of April 1, 2024. The company's strong capital position and long-term value creation drive the dividend increase.
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Independent Bank Corp. CEO Jeffrey Tengel and CFO Mark J. Ruggiero to Participate in the 2024 RBC Capital Markets Global Financial Institutions Conference

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Independent Bank Corp. executives to participate in the 2024 RBC Capital Markets Global Financial Institutions Conference. The company, INDB, is the holding company for Rockland Trust Company, offering a wide range of banking services in Massachusetts and Rhode Island.
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Independent Bank Corp. CEO Jeffrey Tengel, President Gerard Nadeau and CFO Mark J. Ruggiero to Participate in the 2024 KBW Winter Financial Services Conference

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Independent Bank Corp. (INDB) executives are set to participate in the 2024 KBW Winter Financial Services Conference, showcasing the company's strong presence in Massachusetts and Rhode Island. Rockland Trust, the company's subsidiary, has been recognized for its commitment to equity and inclusion, community involvement, and outstanding performance in its most recent Community Reinvestment Act evaluation.
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Independent Bank Corp. Reports Fourth Quarter Net Income of $54.8 Million

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Independent Bank Corp. (INDB) reported a decrease in net income for the 2023 fourth quarter and full year compared to the prior year. The company generated a return on average assets and a return on average common equity of 1.13% and 7.51%, respectively, for the fourth quarter of 2023. Total assets remained consistent at $19.3 billion. The company executed a $100 million stock repurchase plan during the fourth quarter of 2023, buying back 1.3 million shares of common stock for $69.0 million. Net interest income for the fourth quarter of 2023 decreased 3.2% to $145.1 million compared to the prior quarter, and noninterest income decreased by 4.4%. Noninterest expense increased by 3.0% in the fourth quarter of 2023 compared to the prior quarter. The provision for credit losses was consistent with the prior quarter at $5.5 million, and net charge-offs declined to $3.8 million for the fourth quarter of 2023 compared to $5.6 million in the prior quarter.
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Independent Bank Corp.’s Announcement of Date of Fourth Quarter Conference Call

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Independent Bank Corp. (INDB) to Host Quarterly Conference Call to Discuss Fourth Quarter Results
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Independent Bank Corp. Announces Quarterly Dividend

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Independent Bank Corp. (INDB) announces a $0.55 per share dividend payable on January 5, 2024, to stockholders of record as of December 26, 2023. Rockland Trust, the subsidiary of INDB, offers a wide range of banking, investment, and insurance services in Massachusetts and Rhode Island. The bank has a longstanding commitment to equity and inclusion, reflected in its community involvement and diversity initiatives.
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Independent Bank Corp. CEO Jeffrey Tengel and CFO Mark J. Ruggiero to Participate in the 2023 Piper Sandler East Coast Financial Services Conference

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Independent Bank Corp. (NASDAQ: INDB) will participate in the 2023 Piper Sandler East Coast Financial Services Conference on November 16, 2023. Rockland Trust, the subsidiary of Independent Bank Corp., offers a wide range of banking, investment, and insurance services. The bank has a longstanding commitment to equity and inclusion and is deeply committed to the communities it serves.
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Independent Bank Corp. Reports Third Quarter Net Income of $60.8 Million

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Independent Bank Corp. reports $60.8 million net income for Q3 2023, with a slight decrease from the previous quarter. Total assets remain consistent at $19.4 billion. The company announces a new stock repurchase plan of up to $100 million. Net interest income decreases by 1.7% to $149.9 million. Noninterest income increases by 9.1% to $33.5 million. Noninterest expense increases by 2.3% to $97.8 million. Asset quality improves as nonperforming loans decrease by 14.3%.
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Independent Bank Corp.’s Announcement of Date of Third Quarter Conference Call

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Independent Bank Corp. to host quarterly conference call for third quarter results
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FAQ

What is the current stock price of Independent Bank Corp/MA (INDB)?

The current stock price of Independent Bank Corp/MA (INDB) is $66.02 as of December 20, 2024.

What is the market cap of Independent Bank Corp/MA (INDB)?

The market cap of Independent Bank Corp/MA (INDB) is approximately 2.8B.

What does Independent Bank Corp/MA do?

Independent Bank Corp/MA is the holding company for Rockland Trust Company, providing a wide range of banking, investment, and insurance services.

Where is Rockland Trust Company headquartered?

Rockland Trust Company is headquartered in Massachusetts.

What services does Rockland Trust offer?

Rockland Trust offers banking, investment, and insurance services to businesses and individuals through various channels including retail branches and online banking.

What areas does Rockland Trust serve?

Rockland Trust serves Eastern Massachusetts, Worcester County, and Rhode Island.

What type of loans does Rockland Trust specialize in?

Rockland Trust's loan portfolio predominantly consists of commercial loans primarily made to small to medium-sized businesses.

Is Rockland Trust a member of FDIC?

Yes, Rockland Trust is a member of the Federal Deposit Insurance Corporation (FDIC).

Does Rockland Trust offer online banking?

Yes, Rockland Trust provides online banking services through its website and mobile applications.

How does Rockland Trust ensure fair treatment of customers?

Rockland Trust is an equal housing lender, ensuring fair and equitable treatment of all customers.

What is the significance of the motto 'where each relationship matters®'?

The motto signifies Rockland Trust's commitment to building lasting and meaningful relationships with its clients.

How can I learn more about Rockland Trust?

For more information, you can visit their official website at www.rocklandtrust.com.

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Independent Bank Corp/MA

Nasdaq:INDB

INDB Rankings

#1707 Ranked by Market Cap
#922 Ranked by Dividends

INDB Stock Data

2.81B
42.00M
1.15%
82.86%
1.9%
Banks - Regional
State Commercial Banks
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United States of America
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