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About the company
Independent Bank Corp. is a bank holding company. The Company operates through its subsidiary, Rockland Trust Company (the Bank). The Bank is a community-oriented commercial bank. Its community banking business provides a range of banking services, including lending activities, acceptance of demand, savings, and time deposits, and investment management. The Bank operates full service and limited-service retail branches, commercial banking centers, investment management offices and mortgage lending centers located in Eastern Massachusetts, Greater Boston, the South Shore, the Cape and Islands, Worcester County and Rhode Island. The Bank classifies loans as commercial loans, consumer real estate loans, or other consumer loans. Commercial loans consist of commercial and industrial loans, asset-based loans, commercial real estate loans, commercial construction loans and small business loans. The Bank offers a range of demand deposits, interest checking, savings and money market accounts.
- Revenue in USD (TTM)391.06m
- Net income in USD143.99m
- Incorporated1985
- Employees1.43k
- LocationIndependent Bank Corp (Massachusetts)288 Union StROCKLAND 02370-1803United StatesUSA
- Phone+1 (781) 878-6100
- Websitehttps://indb.rocklandtrust.com/corporate-profile/default.aspx
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Mergers & acquisitions
| Acquired company | INDB:NSQ since announced | Transaction value |
|---|---|---|
| Meridian Bancorp Inc,Peabody,Massachusetts | -7.77% | 1.16bn |
Data delayed at least 15 minutes, as of Sep 23 2021 21:00 BST.
Peer analysis
Key Information
- Key Information
- Stock Performance
- Per Share Data
- Efficiency
- Management Effectiveness
- Profitability
- Financial Strength
- Growth Rates
| Company | Revenue (TTM) | Net income (TTM) | Market cap | Employees | Price/earnings (TTM) | Price/book value (MRQ) | Price/cash flow (TTM) | Price/sales (TTM) | EPS (excl. extraordinary items, TTM) | EPS (incl. extraordinary items, TTM) | Revenue per share (TTM) | Book value per share (MRQ) | Asset turnover (TTM) | Inventory turnover (TTM) | Receivables turnover (TTM) | Revenues per employee (TTM) | Return on avg assets (TTM) | Return on avg assets (5 yr avg) | Return on investment (TTM) | Return on investment (5 yr avg) | Gross margin (TTM) | Gross margin (5 yr avg) | Net profit margin (TTM) | Net Profit margin (5 yr avg) | Quick ratio (MRQ) | Interest coverage (TTM) | Total debt to capital (MRQ) | Payout ratio (5 yr avg) | Revenue (YOY change %) | Revenue (5 yr growth rate) | Net income (YOY change %) | Net income (5 yr growth rate) | Capital expenditure (5 yr growth rate) | Dividend (5 yr growth rate) |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| WSFS Financial Corporation | 488.85m | 271.71m | 2.20bn | 1.84k | 8.30 | 1.17 | 7.45 | 3.39 | 5.58 | 5.58 | 13.27 | 39.63 | -- | -- | -- | -- | 1.89 | 1.21 | -- | -- | -- | -- | 41.76 | 22.16 | -- | -- | -- | 14.73 | -1.28 | 23.02 | -24.01 | 16.13 | -3.06 | 17.98 |
| Triumph Bancorp Inc | 355.34m | 113.64m | 2.22bn | 1.17k | 19.50 | 2.97 | 16.53 | 5.66 | 4.53 | 4.53 | 15.65 | 31.56 | -- | -- | -- | -- | 2.01 | 1.20 | -- | -- | -- | -- | 29.81 | 19.32 | -- | -- | -- | 0.00 | 3.52 | 26.67 | 6.45 | 17.06 | 48.46 | -- |
| Washington Federal Inc. | 589.14m | 159.21m | 2.23bn | 2.08k | 15.40 | 1.19 | 11.22 | 4.13 | 2.14 | 2.14 | 7.24 | 32.06 | -- | -- | -- | -- | 0.8756 | 1.16 | -- | -- | -- | -- | 30.63 | 35.82 | -- | -- | -- | 33.73 | -7.48 | 3.21 | -17.51 | 1.59 | -2.83 | 10.14 |
| First Interstate Bancsystem Inc | 511.20m | 189.10m | 2.40bn | 2.46k | 12.69 | 1.22 | 10.18 | 3.73 | 3.03 | 3.03 | 10.31 | 31.67 | -- | -- | -- | -- | 1.07 | 1.13 | -- | -- | -- | -- | 29.41 | 25.28 | -- | -- | -- | 51.23 | -5.49 | 13.14 | -10.94 | 13.18 | 38.32 | 11.84 |
| Fulton Financial Corp | 724.41m | 243.17m | 2.42bn | 3.30k | 9.96 | 0.9669 | 8.89 | 2.65 | 1.49 | 1.49 | 5.59 | 16.52 | -- | -- | -- | -- | 0.9881 | 0.9296 | -- | -- | -- | -- | 27.42 | 23.72 | -- | -- | -- | 44.61 | -9.99 | 4.94 | -22.28 | 3.31 | -5.68 | 8.24 |
| Independent Bank Corp (Massachusetts) | 391.06m | 143.99m | 2.44bn | 1.43k | 16.94 | 1.40 | 14.07 | 5.10 | 4.36 | 4.51 | 14.49 | 52.72 | -- | -- | -- | -- | 1.06 | 1.23 | -- | -- | -- | -- | 30.10 | 28.07 | -- | -- | -- | 39.79 | -10.05 | 11.29 | -29.55 | 12.36 | 3.71 | 12.28 |
| Live Oak Bancshares Inc | 334.34m | 166.38m | 2.53bn | 701.00 | 15.45 | 3.85 | 13.52 | 6.12 | 3.79 | 3.79 | 9.48 | 15.19 | -- | -- | -- | -- | 2.02 | 1.27 | -- | -- | -- | -- | 40.18 | 20.53 | -- | -- | -- | 9.38 | 26.51 | 52.95 | 209.48 | 22.03 | -7.17 | 64.38 |
| International Bancshares Corp | 392.60m | 233.77m | 2.57bn | 2.25k | 11.02 | 1.13 | 9.86 | 4.44 | 3.68 | 3.68 | 9.14 | 36.07 | -- | -- | -- | -- | 1.63 | 1.44 | -- | -- | -- | -- | 40.34 | 31.95 | -- | -- | -- | 31.01 | -13.28 | 1.48 | -18.42 | 4.12 | -19.45 | 13.66 |
| Columbia Banking System Inc | 514.17m | 209.31m | 2.58bn | 2.09k | 12.18 | 1.10 | 11.41 | 4.32 | 2.95 | 2.95 | 8.42 | 32.52 | -- | -- | -- | -- | 1.24 | 1.21 | -- | -- | -- | -- | 35.15 | 28.23 | -- | -- | -- | 56.69 | -2.29 | 9.50 | -20.42 | 9.49 | 2.84 | 9.86 |
| United Community Banks, Inc. | 585.20m | 242.35m | 2.59bn | 2.44k | 10.78 | 1.30 | 21.93 | 3.62 | 2.77 | 2.77 | 8.18 | 24.07 | -- | -- | -- | -- | 1.48 | 1.17 | -- | -- | -- | -- | 35.12 | 27.67 | -- | -- | -- | 29.59 | 0.9571 | 14.91 | -13.60 | 17.37 | 11.88 | 26.76 |
| First Bancorp | 765.20m | 207.78m | 2.61bn | 3.32k | 13.09 | 1.22 | 10.78 | 3.23 | 0.9579 | 0.9579 | 3.72 | 10.47 | -- | -- | -- | -- | 1.19 | 0.9756 | -- | -- | -- | -- | 26.03 | 20.35 | -- | -- | -- | 13.02 | 2.53 | 2.73 | -39.53 | 36.14 | 5.23 | -- |
| Flagstar Bancorp Inc | 823.00m | 672.00m | 2.64bn | 5.50k | 4.08 | 1.06 | -- | 1.25 | 12.24 | 12.24 | 38.55 | 47.25 | -- | -- | -- | -- | 2.46 | 1.32 | -- | -- | -- | -- | 31.91 | 21.72 | -- | -- | -- | -- | 3.15 | 18.20 | 146.79 | 33.26 | 3.26 | -- |
| CVB Financial Corp. | 427.82m | 211.73m | 2.65bn | 585.00 | 12.45 | 1.29 | 57.57 | 5.65 | 1.56 | 1.56 | 3.46 | 15.12 | -- | -- | -- | -- | 1.45 | 1.51 | -- | -- | -- | -- | 45.37 | 38.44 | -- | -- | -- | 50.43 | -6.01 | 10.47 | -14.83 | 12.35 | 20.11 | 9.37 |
| Hilltop Holdings Inc. | 548.43m | 484.66m | 2.67bn | 4.90k | 5.82 | 1.08 | 5.07 | 1.25 | 5.66 | 5.71 | 24.97 | 30.44 | -- | -- | -- | -- | 2.90 | 1.48 | -- | -- | -- | -- | 23.56 | 12.42 | -- | -- | -- | 11.93 | -10.51 | 3.07 | 93.77 | 14.38 | 3.84 | -- |
Data as of Sep 23 2021. Currency figures normalised to Independent Bank Corp (Massachusetts)'s reporting currency: US Dollar USD
54.00%Per cent of shares held by top holders
| Holder | Shares | % Held |
|---|---|---|
| BlackRock Fund Advisorsas of 30 Jun 2021 | 4.56m | 13.81% |
| The Vanguard Group, Inc.as of 30 Jun 2021 | 3.55m | 10.75% |
| SSgA Funds Management, Inc.as of 30 Jun 2021 | 1.80m | 5.45% |
| Victory Capital Management, Inc. (Investment Management)as of 30 Jun 2021 | 1.79m | 5.41% |
| Silvercrest Asset Management Group LLCas of 30 Jun 2021 | 1.52m | 4.61% |
| Champlain Investment Partners LLCas of 30 Jun 2021 | 1.52m | 4.59% |
| Dimensional Fund Advisors LPas of 30 Jun 2021 | 1.02m | 3.07% |
| Macquarie Investment Management Business Trustas of 30 Jun 2021 | 740.54k | 2.24% |
| T. Rowe Price Associates, Inc. (Investment Management)as of 30 Jun 2021 | 706.24k | 2.14% |
| Rockland Trust Co.as of 30 Jun 2021 | 640.65k | 1.94% |
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Data from 30 Jun 2021 - 30 Jun 2021Source: FactSet Research Systems Inc.
