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.
Independent Bank Corp. (Nasdaq: INDB) reported a strong second quarter for 2022, with net income rising to $61.8 million ($1.32 per diluted share), up from $53.1 million in the first quarter. Total loans increased by $95.7 million, or 2.8%, driven by strong consumer lending; however, total assets decreased by 0.9% from the previous quarter. Net interest income also rose by 5.4% to $144.9 million, reflecting asset repricing in a rising interest rate environment. The bank's commitment to disciplined growth and strong core fundamentals was highlighted by the decrease in noninterest expenses and stable credit quality metrics.
Independent Bank Corp. (NASDAQ: INDB) will host its quarterly conference call on July 22, 2022, at 10:00 AM ET to discuss second quarter results. Dial-in access is available at 888-336-7153, or participants can pre-register online for immediate access. The call can also be accessed via the company’s website. Rockland Trust, the bank's subsidiary, has received accolades including being named one of the 'Top Places to Work' by The Boston Globe and ranked #1 in Customer Satisfaction for Retail Banking in New England in 2022. A replay of the call will be available until July 29, 2022.
The Board of Directors of Independent Bank Corp. announced a $0.51 per share dividend, payable on July 8, 2022, to shareholders of record as of June 27, 2022. This dividend reflects the company's ongoing commitment to providing value to its investors. Independent Bank Corp. operates Rockland Trust Company, recognized for 13 consecutive years on The Boston Globe's "Top Places to Work" list and ranked #1 in Customer Satisfaction with Retail Banking in New England. The bank maintains a strong presence with over 120 branches in eastern Massachusetts and Rhode Island.
Independent Bank Corp. (INDB) reported a net income of $53.1 million, or $1.12 per diluted share for Q1 2022, a significant increase from $1.7 million in Q4 2021. Adjusted for merger-related costs, operating net income was $58.2 million. The bank's total assets reached $20.2 billion, while total loans remained stable at $13.6 billion. Despite a 1.8% decline in stockholders' equity, net interest income improved by 12.2%. However, noninterest income fell by 10.0%. Asset quality indicators showed a rise in nonperforming loans, reflecting concerns.
Independent Bank Corp. (NASDAQ: INDB), parent of Rockland Trust Company, will host its quarterly conference call on April 22, 2022, at 10:00 AM ET to discuss first-quarter results. Telephonic access is available by dialing 888-336-7153 with reference to INDB. The call can also be accessed via the company's website. Rockland Trust has been recognized in The Boston Globe's "Top Places to Work" for the 13th consecutive year and was named the #1 Bank in Massachusetts by Forbes for the second consecutive year.
The Board of Directors of Independent Bank Corp. (NASDAQ: INDB) has declared a $0.51 per share dividend, payable on April 8, 2022, to shareholders on record as of March 28, 2022. CEO Christopher Oddleifson expressed confidence in the bank's fundamentals and announced a 6% increase in the dividend, demonstrating financial stability. Additionally, Rockland Trust Company, the bank's subsidiary, has been recognized as a top workplace and ranked #1 bank in Massachusetts by Forbes in 2021.
Independent Bank Corp. (NASDAQ: INDB) executives Robert D. Cozzone and Mark J. Ruggiero will attend the 2022 KBW Winter Financial Services Symposium on February 17, 2022, at The Boca Raton Resort, Florida. Independent Bank Corp., the parent company of Rockland Trust Company, has achieved significant accolades, such as being listed in The Boston Globe's "Top Places to Work" for 13 consecutive years and ranked #1 in Massachusetts by Forbes for two years running. The bank is deeply committed to equity, inclusion, and community engagement.
Independent Bank Corp. (INDB) reported a fourth-quarter net income of $1.7 million, down significantly from $40 million in Q3 2021, impacted by $37.2 million in merger-related costs from acquiring Meridian Bancorp. Adjusted operating net income rose to $65.7 million, reflecting strong asset growth to $20.4 billion and a 54.3% increase in total loans driven by the acquisition. Deposit balances also soared by 38% to $16.9 billion. The company maintains a robust capital position, initiating a $140 million stock buyback plan.
Independent Bank Corp. (INDB), the parent of Rockland Trust Company, will host its quarterly conference call on January 21, 2022, at 10:00 AM ET to discuss fourth quarter results. Investors can join by dialing 888-336-7153 or register online for immediate access. A replay will be available until January 28, 2022. Rockland Trust was recognized as a top workplace and ranked #1 Bank in Massachusetts by Forbes for the second consecutive year. The bank is committed to equity, inclusion, and community service, reflecting its values in its operations.
The Board of Directors of Independent Bank Corp. (NASDAQ: INDB) declared a
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