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Independent Bank Corp

INDB

Independent Bank Corp. is a bank holding company that operates primarily through its sole subsidiary, Rockland Trust Company.

Market cap
$3.99B+25.8%
Revenue$932.2M+33.1%
Net income$240.6M+27.5%
Free cash flow$339.3M+94.9%
EPS (diluted)$5.08+14.4%
Trailing twelve months · change vs. prior year

Earnings

Next report

Oct 15, 2026 (in 2 months)
Revenue estimate$263.4M
EPS estimate$1.81

Financials

Q1 2026

Income statement

See full
Revenue$252.7M+41.9%
Net income$79.9M+79.9%
EPS (diluted)$1.63+56.7%

Balance sheet

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Cash & equivalents$729.0M+1.7%
Total debt$776.3M-9.7%
Total equity$3.5B+16.8%
Total assets$24.8B+24.6%

Cash flow

See full
Operating cash flow$117.2M+779%
CapEx$5.6M+176%
Free cash flow$111.6M+887%

Valuation & ratios

Valuation

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Market cap$3.99B+25.8%
Enterprise value$4.04B+31.9%
P/E16.6×-0.4×
P/S4.3×-0.2×

Profitability

See full
Net margin25.8%-1.1pp
FCF margin36.4%+11.5pp

Returns & leverage

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Return on equity7.3%+0.9pp
Debt / equity0.2×-0.1×

Segments

By product

See full
Investment Advisory, Management and Administrative Service$12.8M+28.2%
Deposit Account$9.2M+31.1%
Credit Card, Merchant Discount$3.4M+9.1%
Investment Advisory, Retail Investment and Insurance Service$1.3M+9.8%
ATM Charge$1.1M+5.1%

Competitors

Profile

Independent Bank Corp. is a bank holding company that operates primarily through its sole subsidiary, Rockland Trust Company. The company provides a comprehensive suite of commercial and retail banking, investment management, and financial services to small-to-upper middle market businesses and consumers. Its core value proposition centers on a relationship-based banking model delivered through an extensive branch network and digital platforms across Massachusetts, Rhode Island, and New Hampshire.

Competitive position

A leading regional bank in Eastern Massachusetts with a significant market presence bolstered by strategic acquisitions and an 'Outstanding' CRA rating.

GeographiesMassachusetts, Rhode Island, New Hampshire, United States
Customer segmentsSMEs, Retail, Commercial, Public Sector
Business modelInterest Income, Fee-based services, Asset Management
SuppliersFederal Reserve System, FDIC, Technology and core banking software providers, Credit rating agencies
CustomersSmall business owners, Homebuyers, Commercial real estate developers, Institutional investors, Retail depositors
Listed1986
Employees1.8K
CEOJeffrey J. Tengel
FilingsSEC EDGAR

FAQ

What is Independent Bank Corp's market cap?
Independent Bank Corp (INDB) has a market capitalization of $4.0B and trades on NASDAQ.
What is Independent Bank Corp's revenue and profitability?
Independent Bank Corp generated $932.2M in trailing twelve-month revenue with net income of $240.6M, representing a net margin of 25.8%, with free cash flow of $339.3M. These figures are based on the Q1 2026 filing.
Who are Independent Bank Corp's competitors?
Independent Bank Corp's key competitors include Eastern Bankshares, Bank of America, Citizens Financial Group, and others. These companies compete in similar markets and product categories.
Who does Independent Bank Corp partner with?
Independent Bank Corp's notable partners include Bay Path University, Gestalt International Study Center.
What subsidiaries does Independent Bank Corp have?
Independent Bank Corp's subsidiaries include Rockland Trust Company, Enterprise Bancorp, Inc., Bright Rock Capital Management LLC, and others.
Where is Independent Bank Corp headquartered?
Independent Bank Corp is headquartered in United States of America and employs approximately 1,787 people. It has been publicly traded since 1986.