Independent Bank
INDB
Market cap $2.76B

63.45 USD

-1.80

2.76%

At close Jun 13, 4:00 PM EDT

1 day

-2.76%

5 days

-1.17%

1 month

-2.70%

3 months

3.39%

6 months

-10.38%

Year to date

0.41%

1 year

32.96%

5 years

-4.90%

10 years

34.97%

About: 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.

Employees: 1,837

Financials Banks - Regional

0

Funds holding %

of 7,296 funds

–

Analysts bullish %

Fund manager confidence

Based on 2025 Q1 regulatory disclosures by fund managers ($100M+ AUM)

100% more funds holding in top 10

Funds holding in top 10: 1 [Q4 2024] → 2 (+1) [Q1 2025]

2.41% more ownership

Funds ownership: 83.57% [Q4 2024] → 85.98% (+2.41%) [Q1 2025]

10% more first-time investments, than exits

New positions opened: 34 | Existing positions closed: 31

1% more capital invested

Capital invested by funds: $2.28B [Q4 2024] → $2.3B (+$15.6M) [Q1 2025]

0% more funds holding

Funds holding: 283 [Q4 2024] → 283 (+0) [Q1 2025]

0% more repeat investments, than reductions

Existing positions increased: 97 | Existing positions reduced: 97

50% less call options, than puts

Call options by funds: $25K | Put options by funds: $50K

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Research analyst outlook

2 Wall Street Analysts provided 1 year price targets over the past 3 months

Low target

$63

1%

downside

Avg. target

$68

6%

upside

High target

$72

13%

upside

2 analyst ratings

0 positive

0%

2 neutral

100%

0 negative

0%

Keefe, Bruyette & Woods Christopher O'Connell	13%upside $72	Market Perform Maintained	21 Apr 2025
Piper Sandler Mark Fitzgibbon	1%downside $63	Neutral Maintained	21 Apr 2025

See Analyst Rankings

Financial journalist opinion

Independent Bank Corp. and Enterprise Bancorp, Inc. Announce the Receipt of All Regulatory Approvals and Anticipated Closing Date

ROCKLAND, Mass. & LOWELL, Mass.--(BUSINESS WIRE)--Independent Bank Corp. (NASDAQ: INDB) (“Independent”), parent of Rockland Trust Company (“Rockland Trust”), and Enterprise Bancorp, Inc. (NASDAQ: EBTC) (“Enterprise”), parent of Enterprise Bank and Trust Company (“Enterprise Bank”), jointly announce the following in connection with Independent's proposed acquisition of Enterprise: All required regulatory approvals relating to the proposed transaction have now been received. The proposed transact.

Independent Bank Corp. and Enterprise Bancorp, Inc. Announce the Receipt of All Regulatory Approvals and Anticipated Closing Date

The Motley Fool

Independent Bank (INDB) Q1 2025 Earnings Call

Image source: The Motley Fool.

Independent Bank (INDB) Q1 2025 Earnings Call

Independent Bank: No Signs Of A Slowdown, Attractive Yield

Independent Bank Corp. (Rockland Trust) Q1 earnings show mixed results: revenue beat expectations, but EPS missed due to higher credit loss provisions. Loan levels held steady, while deposits rose 2.4%, improving net interest margins to 3.42%, indicating a stable local economy. Asset quality mostly improved with lower nonperforming loans, but return metrics dipped slightly; efficiency ratio showed improvement.

Independent Bank: No Signs Of A Slowdown, Attractive Yield

Independent Bank Corp. (INDB) Q1 2025 Earnings Call Transcript

Call Start: 17:30 January 1, 0000 6:25 PM ET Independent Bank Corp. (NASDAQ:INDB ) Q1 2025 Earnings Conference Call April 17, 2025 05:30 PM ET Company Participants Jeffrey Tengel - CEO Mark Ruggiero - CFO & Head of Consumer Lending Conference Call Participants Mark Fitzgibbon - Piper Sandler Steve Moss - Raymond James Laurie Hunsicker - Seaport Research Chris O'Connell - KBW Operator Good day, and welcome to the Independent Bank Corp First Quarter 2025 Earnings Call. All participants will be in a listen-only mode.

Independent Bank Corp. (INDB) Q1 2025 Earnings Call Transcript

Zacks Investment Research

Independent Bank Corp. (INDB) Q1 Earnings: Taking a Look at Key Metrics Versus Estimates

Although the revenue and EPS for Independent Bank Corp. (INDB) give a sense of how its business performed in the quarter ended March 2025, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

Independent Bank Corp. (INDB) Q1 Earnings: Taking a Look at Key Metrics Versus Estimates

Zacks Investment Research

Independent Bank Corp. (INDB) Lags Q1 Earnings and Revenue Estimates

Independent Bank Corp. (INDB) came out with quarterly earnings of $1.06 per share, missing the Zacks Consensus Estimate of $1.18 per share. This compares to earnings of $1.12 per share a year ago.

Independent Bank Corp. (INDB) Lags Q1 Earnings and Revenue Estimates

Independent Bank Corp. Reports First Quarter Net Income of $44.4 Million

ROCKLAND, Mass.--(BUSINESS WIRE)--Independent Bank Corp. (Nasdaq Global Select Market: INDB), parent of Rockland Trust Company, today announced 2025 first quarter net income of $44.4 million, or $1.04 per diluted share, as compared to 2024 fourth quarter net income of $50.0 million, or $1.18 per diluted share. The decline was primarily driven by a higher loan loss provision. These financial results include pre-tax merger-related costs of $1.2 million and $1.9 million for the first quarter of 20.

Independent Bank Corp. Reports First Quarter Net Income of $44.4 Million

Zacks Investment Research

Is the Options Market Predicting a Spike in Independent Bank (INDB) Stock?

Investors need to pay close attention to Independent Bank (INDB) stock based on the movements in the options market lately.

Is the Options Market Predicting a Spike in Independent Bank (INDB) Stock?

Zacks Investment Research

Unlocking Q1 Potential of Independent Bank Corp. (INDB): Exploring Wall Street Estimates for Key Metrics

Get a deeper insight into the potential performance of Independent Bank Corp. (INDB) for the quarter ended March 2025 by going beyond Wall Street's top -and-bottom-line estimates and examining the estimates for some of its key metrics.

Unlocking Q1 Potential of Independent Bank Corp. (INDB): Exploring Wall Street Estimates for Key Metrics

Zacks Investment Research

Independent Bank Corp. (INDB) Earnings Expected to Grow: Should You Buy?

Independent Bank Corp. (INDB) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Independent Bank Corp. (INDB) Earnings Expected to Grow: Should You Buy?

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