about rockland trust company independent bank corp. has approximately $7.1 billion in assets and is the holding company for rockland trust company, a full-service commercial bank headquartered in massachusetts. rockland trust offers a wide range of banking, investment, and insurance services to businesses and individuals through retail branches, commercial lending offices,investment management offices, and residential lending centers in eastern massachusetts and rhode island as well as through telephone banking, mobile banking, and the internet. rockland trust is an fdic member and an equal housing lender. to learn why rockland trust is the bank “where each relationship matters®,” please visit www.rocklandtrust.com. member fdic - equal housing lender.
![Independent Bank logo](/files/LOGO/776901-INDB.png)
Company profile
Ticker
INDB, IBCP
Exchange
Website
CEO
William B. Kessel
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Former names
INDEPENDENT BANK CORP /MA/
SEC CIK
Corporate docs
Subsidiaries
Rockland Trust Company • Blue Hills Funding Corporation ...
IRS number
42870273
INDB stock data
Latest filings (excl ownership)
8-K
Independent Bank Corp. Reports Second Quarter Net Income of $51.3 Million
18 Jul 24
8-K
Other Events
20 Jun 24
8-K
Regulation FD Disclosure
28 May 24
8-K
Submission of Matters to a Vote of Security Holders
16 May 24
10-Q
2024 Q1
Quarterly report
8 May 24
8-K
Independent Bank Corp. Reports First Quarter Net Income of $47.8 Million
18 Apr 24
DEFA14A
Additional proxy soliciting materials
3 Apr 24
DEF 14A
Definitive proxy
28 Mar 24
8-K
Other Events
21 Mar 24
10-K
2023 FY
Annual report
28 Feb 24
Transcripts
INDB
Earnings call transcript
2024 Q2
19 Jul 24
INDB
Earnings call transcript
2024 Q1
19 Apr 24
INDB
Earnings call transcript
2023 Q4
19 Jan 24
INDB
Earnings call transcript
2023 Q3
20 Oct 23
INDB
Earnings call transcript
2023 Q2
21 Jul 23
INDB
Earnings call transcript
2023 Q2
21 Jul 23
INDB
Earnings call transcript
2023 Q1
21 Apr 23
INDB
Earnings call transcript
2022 Q4
20 Jan 23
INDB
Earnings call transcript
2022 Q3
21 Oct 22
INDB
Earnings call transcript
2022 Q2
22 Jul 22
Latest ownership filings
11-K
Annual report of employee stock purchases
21 Jun 24
4
EILEEN C MISKELL
4 Jun 24
144
Notice of proposed sale of securities
3 Jun 24
4
EILEEN C MISKELL
22 May 24
4
Scott Smith
22 May 24
4
JOHN J MORRISSEY
22 May 24
4
Mary L Lentz
22 May 24
4
Daniel F OBrien
22 May 24
4
Thomas R Venables
22 May 24
4
Donna L Abelli
22 May 24
Financial summary
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Diluted EPS |
Annual (USD) | Dec 23 | Dec 22 | Dec 21 | Dec 20 | |
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Revenue | |||||
Cost of revenue | |||||
Operating income | |||||
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Net income | |||||
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Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 221.32 mm | 221.32 mm | 221.32 mm | 221.32 mm | 221.32 mm | 221.32 mm |
Cash burn (monthly) | 1.00 mm | 23.44 mm | (no burn) | (no burn) | (no burn) | (no burn) |
Cash used (since last report) | 3.88 mm | 90.60 mm | n/a | n/a | n/a | n/a |
Cash remaining | 217.43 mm | 130.71 mm | n/a | n/a | n/a | n/a |
Runway (months of cash) | 216.4 | 5.6 | n/a | n/a | n/a | n/a |
Institutional ownership, Q1 2024
78.7% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 260 |
Opened positions | 219 |
Closed positions | 2 |
Increased positions | 10 |
Reduced positions | 15 |
13F shares | Current |
---|---|
Total value | 1.66 tn |
Total shares | 33.43 mm |
Total puts | 1.70 k |
Total calls | 1.40 k |
Total put/call ratio | 1.2 |
Largest owners | Shares | Value |
---|---|---|
BLK Blackrock | 6.28 mm | $326.75 bn |
Vanguard | 5.22 mm | $271.57 bn |
STT State Street | 2.29 mm | $120.24 bn |
Dimensional Fund Advisors | 1.97 mm | $102.54 bn |
Victory Capital Management | 1.36 mm | $70.69 bn |
Geode Capital Management | 1.00 mm | $52.07 bn |
Silvercrest Asset Management | 988.41 k | $51.42 bn |
MCQEF Macquarie | 982.72 k | $51.12 bn |
Nuance Investments | 961.93 k | $50.04 bn |
MS Morgan Stanley | 707.49 k | $36.80 bn |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
3 Jun 24 | Miskell Eileen C | Common Stock | Sell | Dispose S | No | No | 50.2165 | 1,134 | 56.95 k | 13,205.877 |
21 May 24 | Susan Perry O'day | Common Stock | Grant | Acquire A | No | No | 0 | 1,134 | 0.00 | 4,638 |
21 May 24 | James O'shanna Morton | Common Stock | Grant | Acquire A | No | No | 0 | 1,134 | 0.00 | 3,651.281 |
21 May 24 | Hogan Michael P. | Common Stock | Grant | Acquire A | No | No | 0 | 1,134 | 0.00 | 6,028 |
21 May 24 | Abelli Donna L | Common Stock | Grant | Acquire A | No | No | 0 | 1,134 | 0.00 | 12,877.104 |