Skip to content
Screener

Independent Bank Corp INDB Bank Owned Life Insurance

Bank Owned Life Insurance at other companies

Citizens Financial Group logo
Citizens Financial GroupCFG
$3.47B+1.8%
Eastern Bankshares, Inc. logo
Eastern Bankshares, Inc.EBC
$311.39M+50.3%
Customers Bancorp logo
Customers BancorpCUBI
$310.31M+3.2%
Stock Yards Bancorp logo
Stock Yards BancorpSYBT
$92.52M+2.8%
CTB
Community Trust BancorpCTBI
$124.31M+7.1%
Independent Bank Corporation logo
Independent Bank CorporationIBCP
$53.57M0.0%

Other financials

Income statement

See full
Revenue$253.3M+39.3%
Net income$81.8M+60.1%
EPS (diluted)$1.70+41.7%

Balance sheet

See full
Cash & equivalents$1.0B+11.1%
Total debt$701.5M-7.6%
Total equity$3.5B+14.2%
Total assets$25.0B+24.6%

Cash flow

See full
Operating cash flow$73.4M-31.2%
CapEx$6.4M+52.5%
Free cash flow$67.0M-34.7%

Valuation

See full
Market cap$3.97B+23.5%
Enterprise value$3.67B+19.4%
P/E14.6×-2.4×
P/S4×-0.6×

Profitability

See full
Net margin27%+0.6pp
FCF margin30.3%+0.1pp

Returns & leverage

See full
Return on equity8.2%+1.9pp
Debt / equity0.2×0.0×

Where this comes from

Reported directly by Independent Bank Corp in its filing.

Tagged under the XBRL concept us-gaap:BankOwnedLifeInsurance.

The source filing: Independent Bank Corp’s 10-Q, filed August 6, 2026.

Filed
Aug 6, 2026, 4:15 PM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0000776901-26-000129
Line itemJune 302026December 312025
Bank premises and equipment, net217,877218,190
Goodwill1,090,6101,090,610
Other intangible assets119,896133,576
Cash surrender value of life insurance policies381,230378,576
Other assets616,295638,823
Total assets$24,973,894$24,912,896
Liabilities and Stockholders’ Equity
Deposits

Item 1. Financial Statements (unaudited)

FAQ

What is Independent Bank Corp's bank owned life insurance?
Independent Bank Corp (INDB) reported bank owned life insurance of $381.23M in Q2 2026.
How has Independent Bank Corp's bank owned life insurance changed year-over-year?
Independent Bank Corp's bank owned life insurance increased by 25.0% year-over-year, from $305.08M to $381.23M.
What is the long-term trend for Independent Bank Corp's bank owned life insurance?
Over 5 years (2020 to 2025), Independent Bank Corp's bank owned life insurance has grown at a 13.6% compound annual growth rate (CAGR), from $200.53M to $378.58M.
What does bank owned life insurance mean?
Bank Owned Life Insurance (BOLI) consists of life insurance policies purchased by the bank on the lives of key employees, where the bank is the beneficiary. It is used as a tax-advantaged vehicle to offset the costs of employee benefit plans. The cash surrender value of these policies represents a stable, long-term asset for the institution.

Ask your AI about Independent Bank Corp's bank owned life insurance.

Connect your AI assistant and compare it to peers, right in your chat.

Connect your AI
Harbor at dusk
Claude