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About the company
Independent Bank Corp. is a bank holding company of Rockland Trust Company (the Bank). The Bank provides a range of banking, investment and financial services, operating with over 120 retail branches, as well as a network of commercial and residential lending centers, and investment management offices primarily in Eastern Massachusetts, Worcester County, and Rhode Island. The Bank also offers a full suite of mobile, online, and telephone banking services. The Bank’s commercial, consumer real estate, and other consumer loan portfolios consist of loans made to residents of and businesses located in the Bank’s market area. Its commercial loans consist of commercial real estate loans, commercial construction loans, commercial and industrial loans, and small business loans. The Bank’s consumer portfolio consists of real estate loans comprised of residential mortgages and home equity loans and lines, all secured by one-to-four family residential properties, as well as other consumer loans.
- Revenue in USD (TTM)816.84m
- Net income in USD226.03m
- Incorporated1985
- Employees1.79k
- LocationIndependent Bank Corp (Massachusetts)288 Union StreetROCKLAND 02370United StatesUSA
- Phone+1 (781) 878-6100
- Websitehttps://indb.rocklandtrust.com/corporate-profile/default.aspx
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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) |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| TowneBank | 728.76m | 150.07m | 2.03bn | 2.78k | 13.53 | 0.9934 | 14.27 | 3.00 | 2.01 | 2.01 | 9.05 | 27.33 | -- | -- | -- | -- | 0.9031 | 1.21 | -- | -- | -- | -- | 22.42 | 26.86 | -- | -- | -- | 35.37 | 36.16 | 10.83 | -18.66 | 2.71 | 16.18 | 9.86 |
| First Merchants Corp | 923.39m | 205.77m | 2.04bn | 2.16k | 9.96 | 0.9175 | 12.23 | 3.21 | 3.46 | 3.46 | 10.69 | 37.99 | -- | -- | -- | -- | 1.14 | 1.30 | -- | -- | -- | -- | 32.67 | 35.23 | -- | -- | -- | 33.53 | 47.75 | 16.99 | 0.5565 | 6.88 | -- | 9.79 |
| Wilson Bank Holding Company | 222.58m | 48.94m | 2.06bn | 584.00 | 41.61 | 4.76 | 38.66 | 12.33 | 4.21 | 4.21 | 14.36 | 36.74 | -- | -- | -- | -- | 1.07 | 1.25 | -- | -- | -- | -- | 29.30 | 30.32 | -- | -- | -- | 34.45 | 41.29 | 16.54 | -7.74 | 8.47 | -9.74 | -- |
| First Financial Bancorp | 935.11m | 236.15m | 2.13bn | 2.17k | 9.01 | 0.9334 | 10.27 | 2.60 | 2.48 | 2.48 | 8.62 | 23.95 | -- | -- | -- | -- | 1.37 | 1.30 | -- | -- | -- | -- | 28.78 | 30.07 | -- | -- | -- | 42.77 | 54.36 | 10.81 | 17.58 | 8.19 | 5.77 | 3.36 |
| Pacific Premier Bancorp, Inc. | -100.00bn | -100.00bn | 2.14bn | 1.35k | -- | 0.7364 | -- | -- | -- | -- | -- | 30.09 | -- | -- | -- | -- | -- | 0.9766 | -- | -- | -- | -- | -- | 27.89 | -- | -- | -- | 58.75 | 15.54 | 14.64 | -89.73 | -25.07 | -8.48 | -- |
| Park National Corp | 471.67m | 126.73m | 2.17bn | 1.78k | 17.28 | 1.90 | 15.29 | 4.66 | 7.80 | 7.80 | 28.66 | 71.06 | -- | -- | -- | -- | 1.29 | 1.43 | -- | -- | -- | -- | 27.21 | 29.23 | -- | -- | -- | 54.61 | 24.70 | 8.70 | -14.57 | 2.80 | -8.03 | 1.91 |
| Inter & Co Inc | 881.72m | 58.59m | 2.22bn | 4.03k | 34.70 | 1.41 | 22.35 | 2.28 | 0.1458 | 0.1458 | 2.42 | 3.60 | -- | -- | -- | -- | 0.6603 | 0.2358 | -- | -- | -- | -- | 7.01 | 2.64 | -- | -- | -- | -- | 62.34 | 49.26 | 2,826.27 | 41.33 | 56.17 | -- |
| Independent Bank Corp (Massachusetts) | 816.84m | 226.03m | 2.22bn | 1.79k | 10.11 | 0.7705 | 10.86 | 3.12 | 5.18 | 5.18 | 16.32 | 67.94 | -- | -- | -- | -- | 1.17 | 1.16 | -- | -- | -- | -- | 31.78 | 30.66 | -- | -- | -- | 42.11 | 23.78 | 19.71 | -9.22 | 14.51 | 7.36 | 8.55 |
| Banc of California Inc | 2.35bn | -1.93bn | 2.22bn | 2.30k | -- | 0.8209 | -- | 4.53 | -11.71 | -11.71 | 4.34 | 20.13 | -- | -- | -- | -- | -8.16 | -2.85 | -- | -- | -- | -- | -383.23 | -119.40 | -- | -- | -- | -- | 428.74 | 36.05 | -1,774.78 | -- | 11.08 | -5.11 |
| Simmons First National Corp | 1.25bn | 168.34m | 2.24bn | 3.01k | 13.41 | 0.651 | 13.53 | 2.88 | 1.33 | 1.33 | 6.15 | 27.42 | -- | -- | -- | -- | 0.6126 | 1.02 | -- | -- | -- | -- | 21.66 | 28.77 | -- | -- | -- | 34.50 | 40.43 | 12.32 | -31.73 | -4.09 | 2.16 | 6.56 |
| WaFd Inc | 1.10bn | 221.75m | 2.28bn | 2.12k | 8.18 | 0.8336 | 12.13 | 3.21 | 3.41 | 3.41 | 10.96 | 38.16 | -- | -- | -- | -- | 1.07 | 1.12 | -- | -- | -- | -- | 33.20 | 34.57 | -- | -- | -- | 31.42 | 56.52 | 11.43 | 9.52 | 4.12 | -11.10 | 8.12 |
| Eastern Bankshares Inc | 796.46m | -62.69m | 2.29bn | 1.56k | -- | 0.7674 | -- | 7.31 | -0.3871 | 1.43 | 1.93 | 16.86 | -- | -- | -- | -- | -0.2864 | 0.4746 | -- | -- | -- | -- | -20.05 | 16.07 | -- | -- | -- | 43.35 | 31.61 | 13.92 | -133.61 | -- | -2.06 | -- |
| CVB Financial Corp. | -100.00bn | -100.00bn | 2.31bn | 1.11k | -- | 1.10 | -- | -- | -- | -- | -- | 14.94 | -- | -- | -- | -- | -- | 1.47 | -- | -- | -- | -- | -- | 41.75 | -- | -- | -- | 49.20 | 17.81 | 10.88 | -6.00 | 7.72 | 1.51 | 7.39 |
| Bank of Hawaii Corp | 832.40m | 152.88m | 2.35bn | 1.90k | 15.26 | 1.87 | 13.55 | 3.60 | 3.87 | 3.87 | 16.55 | 36.15 | -- | -- | -- | -- | 0.679 | 0.9761 | -- | -- | -- | -- | 24.61 | 30.28 | -- | -- | -- | 54.17 | 35.66 | 8.05 | -25.06 | -5.72 | -23.25 | 3.65 |
| Community Bank System, Inc. | -100.00bn | -100.00bn | 2.36bn | 2.69k | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | 1.21 | -- | -- | -- | -- | -- | 26.87 | -- | -- | -- | 53.65 | 22.01 | 8.34 | -29.90 | -4.77 | 8.00 | 4.80 |
Data as of Apr 26 2024. Currency figures normalised to Independent Bank Corp (Massachusetts)'s reporting currency: US Dollar USD
52.12%Per cent of shares held by top holders
| Holder | Shares | % Held |
|---|---|---|
| BlackRock Fund Advisorsas of 31 Dec 2023 | 5.89m | 13.89% |
| The Vanguard Group, Inc.as of 31 Dec 2023 | 5.19m | 12.22% |
| SSgA Funds Management, Inc.as of 31 Dec 2023 | 2.23m | 5.25% |
| Victory Capital Management, Inc. (Investment Management)as of 31 Dec 2023 | 1.77m | 4.16% |
| Dimensional Fund Advisors LPas of 31 Dec 2023 | 1.75m | 4.13% |
| Silvercrest Asset Management Group LLCas of 31 Dec 2023 | 1.52m | 3.58% |
| Nuance Investments LLCas of 31 Dec 2023 | 1.28m | 3.01% |
| Geode Capital Management LLCas of 31 Dec 2023 | 981.38k | 2.31% |
| Macquarie Investment Management Business Trustas of 31 Dec 2023 | 855.70k | 2.02% |
| Northern Trust Investments, Inc.(Investment Management)as of 31 Dec 2023 | 654.62k | 1.54% |
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Data from 31 Dec 2023 - 31 Dec 2023Source: FactSet Research Systems Inc.
