Independent Bank Corp operates as the bank holding company for Rockland Trust Company that provides commercial banking products and services to individuals and small-to-medium sized businesses primarily in Massachusetts.
infoIndependent Bank is a mid cap stock with a total market cap of 2.35B.
infoThey trade on the NASDAQ and had their IPO 37 years and 3 months ago.
infoIndependent Bank currently employs 1739 people.
infoAs of Wednesday, Aug 23 2023, Independent Bank’s share price is $53.27.
News Relating to Independent Bank
Seeking Alpha
Independent Bank Corp. (INDB) Q2 2023 Earnings Call Transcript
Friday Jul 21 2023 at 14:32
Independent Bank Corp. (NASDAQ:INDB ) Q2 2023 Earnings Call Transcript July 21, 2023 10:00 AM ET Company Participants Jeffery Tengel – CEO Mark Ruggiero – CFO Conference Call Participants Mark Fitzgibbon – Piper Sandler Steve Moss – Raymond James Chris O’Connell – KBW Operator Good morning, and welcome to the INDB Independent Bank Corporation’s Second Quarter 2023 Earnings Call. All participants will be in listen-only mode.
Zacks Investment Research
Independent Bank Corp. (INDB) Q2 Earnings: Taking a Look at Key Metrics Versus Estimates
Thursday Jul 20 2023 at 19:40
Although the revenue and EPS for Independent Bank Corp. (INDB) give a sense of how its business performed in the quarter ended June 2023, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Zacks Investment Research
Independent Bank Corp. (INDB) Q2 Earnings Surpass Estimates
Thursday Jul 20 2023 at 18:55
Independent Bank Corp. (INDB) came out with quarterly earnings of $1.42 per share, beating the Zacks Consensus Estimate of $1.34 per share. This compares to earnings of $1.32 per share a year ago.
GuruFocus
5 Historically High-Yield Stocks Gurus Agree On
Wednesday Jul 12 2023 at 14:53
Marking the 12th consecutive month of declines, inflation rose only 3% in June according to the consumer price index. This was below economists’ expectations of a 3.1% increase.
Business Wire
Independent Bank Corp.’s Announcement of Date of Second Quarter Conference Call
Monday Jul 10 2023 at 16:10
ROCKLAND, Mass.–(BUSINESS WIRE)–Independent Bank Corp. (Nasdaq Global Select Market: INDB), parent of Rockland Trust Company, will host its quarterly conference call to discuss second quarter results on Friday, July 21, 2023, at 10:00 AM Eastern Time. Telephonic access will be available by dial-in at 888-336-7153 reference: INDB. Participants may also choose to pre-register for the conference by navigating to https://dpregister.com/sreg/10180630/f9dcbf6ac2, which will provide a unique PIN to.
Seeking Alpha
Independent Bank Corp. (INDB) Q1 2023 Earnings Call Transcript
Friday Apr 21 2023 at 14:35
Independent Bank Corp. (INDB) Q1 2023 Earnings Call Transcript.
Zacks Investment Research
Independent Bank Corp. (INDB) Q1 Earnings and Revenues Miss Estimates
Thursday Apr 20 2023 at 19:01
Independent Bank Corp. (INDB) came out with quarterly earnings of $1.36 per share, missing the Zacks Consensus Estimate of $1.51 per share. This compares to earnings of $1.23 per share a year ago.
Business Wire
Independent Bank Corp.’s Announcement of Date of First Quarter Conference Call
Monday Apr 10 2023 at 16:15
ROCKLAND, Mass.–(BUSINESS WIRE)–Independent Bank Corp. (Nasdaq Global Select Market: INDB), parent of Rockland Trust Company, will host its quarterly conference call to discuss first quarter results on Friday, April 21, 2023, at 10:00 AM Eastern Time. Telephonic access will be available by dial-in at 888-336-7153 reference: INDB. Participants may also choose to pre-register for the conference by navigating to https://dpregister.
Seeking Alpha
Dividend Champion, Contender, And Challenger Highlights: Week Of April 2
Sunday Apr 02 2023 at 00:11
A weekly summary of dividend activity for Dividend Champions, Contenders, and Challengers. Companies which changed their dividends.
Zacks Investment Research
New Strong Sell Stocks for January 26th
Thursday Jan 26 2023 at 09:02
BWAY, INDB and CNX have been added to the Zacks Rank #5 (Strong Sell) List on January 26, 2023.
Benzinga
5 Financial Stocks That Are Diving – And May Rally
Thursday Jan 26 2023 at 07:42
The most oversold stocks in the financial sector presents an opportunity to buy into undervalued companies.
Seeking Alpha
Independent Bank Corp. (INDB) Q4 2022 Earnings Call Transcript
Friday Jan 20 2023 at 13:09
Independent Bank Corp. (NASDAQ:INDB ) Q4 2022 Earnings Conference Call January 20, 2022 10:00 AM ET Company Participants Chris Oddleifson – President & CEO Mark Ruggiero – CFO Conference Call Participants Mark Fitzgibbon – Piper Sandler Steve Moss – Raymond James Laurie Hunsicker – Compass Point Chris O’Connell – KBW Operator Good day, and welcome to the INDB Independent Bank Corp. Fourth Quarter 2022 Earnings Call. All participants will be in listen-only mode.
Zacks Investment Research
Are You Looking for a High-Growth Dividend Stock?
Friday Jan 20 2023 at 12:47
Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does Independent Bank Corp. (INDB) have what it takes?
Zacks Investment Research
Independent Bank Corp. (INDB) Q4 Earnings and Revenues Beat Estimates
Thursday Jan 19 2023 at 18:48
Independent Bank Corp. (INDB) delivered earnings and revenue surprises of 1.81% and 1.96%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?
Zacks Investment Research
Why Independent Bank Corp. (INDB) is Poised to Beat Earnings Estimates Again
Thursday Jan 12 2023 at 13:33
Independent Bank Corp. (INDB) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
Seeking Alpha
Dividend Champion, Contender, And Challenger Highlights: Week Of January 1
Sunday Jan 01 2023 at 00:17
A weekly summary of dividend activity for Dividend Champions, Contenders, and Challengers. Companies which changed their dividends.
Zacks Investment Research
All You Need to Know About Independent Bank Corp. (INDB) Rating Upgrade to Strong Buy
Monday Dec 12 2022 at 13:32
Independent Bank Corp. (INDB) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #1 (Strong Buy).
Zacks Investment Research
Independent Bank (INDB) Announces 7.8% Increase in Dividend
Friday Dec 09 2022 at 13:33
Independent Bank (INDB) announces a dividend of 55 cents per share, representing a hike of 7.8% from the prior payout.
Zacks Investment Research
New Strong Buy Stocks for December 7th
Wednesday Dec 07 2022 at 07:32
CAAS, INDB, MAIN, IMBBY and WTFC have been added to the Zacks Rank #1 (Strong Buy) List on December 7, 2022.
Zacks Investment Research
Here’s Why Independent Bank Corp. (INDB) is a Great Momentum Stock to Buy
Thursday Oct 27 2022 at 13:32
Does Independent Bank Corp. (INDB) have what it takes to be a top stock pick for momentum investors? Let’s find out.
Zacks Investment Research
New Strong Buy Stocks for October 26th
Wednesday Oct 26 2022 at 08:17
IHG, INDB, CBNK, MAR and OCFT have been added to the Zacks Rank #1 (Strong Buy) List on October 26, 2022.
Zacks Investment Research
Here is Why Growth Investors Should Buy Independent Bank Corp. (INDB) Now
Tuesday Oct 25 2022 at 14:18
Independent Bank Corp. (INDB) is well positioned to outperform the market, as it exhibits above-average growth in financials.
Seeking Alpha
Independent Bank Corp. (INDB) Q3 2022 Earnings Call Transcript
Friday Oct 21 2022 at 15:54
Independent Bank Corp. (NASDAQ:INDB ) Q3 2022 Earnings Conference Call October 21, 2022 10:00 AM ET Company Participants Chris Oddleifson – President and CEO Mark Ruggiero – Chief Financial Officer Rob Cozzone – Chief Operating Officer Conference Call Participants Mark Fitzgibbon – Piper Sandler Laurie Hunsicker – Compass Point Chris O’Connell – KBW Operator Good day. And welcome to the INDB Independent Bank Corp. Third Quarter 2022 Earnings Call.
Zacks Investment Research
Independent Bank Corp. (INDB) Surpasses Q3 Earnings and Revenue Estimates
Thursday Oct 20 2022 at 18:48
Independent Bank Corp. (INDB) delivered earnings and revenue surprises of 12.14% and 6.83%, respectively, for the quarter ended September 2022. Do the numbers hold clues to what lies ahead for the stock?
Business Wire
Independent Bank Corp.’s Announcement of Date of Third Quarter Conference Call
Friday Oct 07 2022 at 16:10
ROCKLAND, Mass.–(BUSINESS WIRE)–Independent Bank Corp. (Nasdaq Global Select Market: INDB), parent of Rockland Trust Company, will host its quarterly conference call to discuss third quarter results on Friday, October 21, 2022, at 10:00 AM Eastern Time. Telephonic access will be available by dial-in at 888-336-7153 reference: INDB. Participants may also choose to pre-register for the conference by navigating to https://dpregister.com/sreg/10171833/f4aeb2143b&rls, which will provide a uniq
Seeking Alpha
Independent Bank Corp. (INDB) CEO Christopher Oddleifson on Q2 2022 Results Earnings Call Transcript
Friday Jul 22 2022 at 13:18
Independent Bank Corp. (NASDAQ:INDB ) Q2 2022 Earnings Conference Call July 22, 2022 10:00 AM ET Company Participants Christopher Oddleifson – President and CEO Mark Ruggiero – CFO Conference Call Participants Mark Fitzgibbon – Sandler O’Neill Laurie Hunsicker – Compass Point Research Christopher O’Connell – KBW Operator Good morning and welcome to the Independent Bank Corp. Second Quarter 2022 Earnings Conference Call. All participants will be in a listen-only mode.
Zacks Investment Research
Independent Bank Corp. (INDB) Q2 Earnings and Revenues Surpass Estimates
Thursday Jul 21 2022 at 19:25
Independent Bank Corp. (INDB) delivered earnings and revenue surprises of 3.94% and 2.47%, respectively, for the quarter ended June 2022. Do the numbers hold clues to what lies ahead for the stock?
Business Wire
Independent Bank Corp.’s Announcement of Date of Second Quarter Conference Call
Monday Jul 11 2022 at 16:15
ROCKLAND, Mass.–(BUSINESS WIRE)–Independent Bank Corp. (Nasdaq Global Select Market: INDB), parent of Rockland Trust Company, will host its quarterly conference call to discuss second quarter results on Friday, July 22, 2022, at 10:00 AM Eastern Time. Telephonic access will be available by dial-in at 888-336-7153 reference: INDB. Participants may also choose to pre-register for the conference by navigating to https://dpregister.com/sreg/10166605/f284c1563e, which will provide a unique pin to
Seeking Alpha
Independent Bank Corp. (INDB) CEO Christopher Oddleifson on Q1 2022 Results – Earnings Call Transcript
Friday Apr 22 2022 at 13:56
Independent Bank Corp. (NASDAQ:INDB ) Q1 2022 Earnings Conference Call April 22, 2022 10:00 AM ET Company Participants Christopher Oddleifson – President and CEO Mark Ruggiero – CFO Robert Cozzone – COO Conference Call Participants Mark Fitzgibbon – Sandler O’Neill Laurie Hunsicker – Compass Point Research Christopher O’Connell – KBW Operator Good morning, and welcome to the Independent Bank Corp. First Quarter 2022 Earnings Conference Call. Before proceeding, let me mention that this call may contain forward-looking statements with respect to the financial condition, results of operation and business of Independent Bank Corp. Actual results may be different.
Zacks Investment Research
Independent Bank Corp. (INDB) Q1 Earnings Meet Estimates
Thursday Apr 21 2022 at 18:48
Independent Bank Corp. (INDB) delivered earnings and revenue surprises of 0% and 0.36%, respectively, for the quarter ended March 2022. Do the numbers hold clues to what lies ahead for the stock?
Independent Bank Bankruptcy Risk
The Altman Z-score is a formula that measures a company’s financial health and bankruptcy risk. It assigns a numerical score based on various financial ratios. The Z-score is divided into different zones. If the Z-score is above 2.99, it indicates a lower bankruptcy risk, classifying the company as ‘safe’ or ‘non-distressed’. If the score falls below 1.81, it suggests a higher risk, indicating potential financial distress or bankruptcy. The range between 1.81 and 2.99 is called the ‘gray zone’ or zone of ambiguity.
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Independent Bank’s Altman Z-score is 1.98 which is in the gray zone. This indicates a level of ambiguity where further analyses are needed to evaluate the company’s financial stability accurately.
Derived from SEC.GOV filing dataopen_in_new
Independent Bank Insider Trading
Insider trading is when individuals employed by a company buy or sell its securities following legal procedures and regulations. Company executives, directors, and employees may be permitted to buy or sell shares if they follow specific rules, such as filing a Form 4 with the SEC within two business days.
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Over the last 3 months, 1 insider has bought $100.17K of common stock in Independent Bank on the stock market with no insider selling.
Derived from SEC.GOV filing dataopen_in_new
Debt & Income Analysis
Income quality measures a company’s operating cash flow to net income ratio. It helps investors and analysts assess the sustainability of a company’s earnings. A high QIR indicates strong cash flows, while a low QIR may indicate non-operating activities driving net income.
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Independent Bank’s Income Quality of 1.1 is lower than its Industry Group of 1.3 (-15.4% lower)
Independent Bank’s Income Quality of 1.1 is lower than its Major Industry Group of 1.32 (-16.7% lower)
Independent Bank’s Income Quality of 1.1 is greater than its Sector of 0.58 (89.7% greater)
Derived from SEC.GOV filing dataopen_in_new
Data is unavailable for Current Ratio
Value Analysis
PE ratio (price-to-earnings), measures a company’s stock price relative to its earnings per share. It helps investors evaluate whether its stock is overvalued or undervalued. A higher PE ratio indicates that investors are willing to pay more for a company’s earnings, while a lower PE ratio (above zero) suggests the company could be undervalued.
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Independent Bank’s PE Ratio of 8.62 is greater than its Industry Group of 7.82 (10.2% greater)
Independent Bank’s PE Ratio of 8.62 is in line with its Major Industry Group of 8.01 (7.6% greater)
Independent Bank’s PE Ratio of 8.62 is in line with its Sector of 7.86 (9.7% greater)
Derived from SEC.GOV filing dataopen_in_new
The PB ratio (price-to-book), measures a company’s stock price relative to its book value (net value of a company’s assets reported on its balance sheet, after subtracting debt) per share. It is used to evaluate a company’s valuation, with a lower PB ratio (above zero) indicating a lower valuation and a higher PB ratio suggesting overvaluation.
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Independent Bank’s PB Ratio of 0.13 is lower than its Industry Group of 0.58 (-77.6% lower)
Independent Bank’s PB Ratio of 0.13 is lower than its Major Industry Group of 0.36 (-63.9% lower)
Independent Bank’s PB Ratio of 0.13 is lower than its Sector of 0.72 (-81.9% lower)
Derived from SEC.GOV filing dataopen_in_new
Efficiency Analysis
ROE (Return on Equity), is a financial ratio that measures a company’s profitability relative to its shareholders’ equity (the amount of value in a company that belongs to the people who own shares). It indicates how efficiently a company generates profits per unit of equity invested. A high ROE suggests effective use of equity, while a low ROE indicates inefficiency.
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Independent Bank’s ROE of 0.01 is lower than its Industry Group of 0.08 (-87.5% lower)
Independent Bank’s ROE of 0.01 is lower than its Major Industry Group of 0.02 (-50.0% lower)
Independent Bank’s ROE of 0.01 is lower than its Sector of 0.04 (-75.0% lower)
Derived from SEC.GOV filing dataopen_in_new
ROCE (Return on Capital Employed), is a financial ratio that measures a company’s profitability relative to the amount of capital invested in its operations. It indicates how well a company is generating profits from its capital investments. A high ROCE suggests effective use of capital, while a low ROCE indicates inefficiency.
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Independent Bank’s ROCE of 0.02 is in line with its Industry Group of 0.02
Independent Bank’s ROCE of 0.02 is in line with its Major Industry Group of 0.02
Independent Bank’s ROCE of 0.02 is in line with its Sector of 0.02
Derived from SEC.GOV filing dataopen_in_new