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INDB - Independent Bank Corp.

Financials

Price History

About

Industry

Banks - Regional

Employees

2,294

Headquarters

United States


Company Overview

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 in the United States. It provides interest checking, money market, and savings accounts, as well as demand deposits and time certificates of deposit. The company also offers commercial real estate and construction, commercial and industrial, small business, secured and unsecured commercial, and consumer real estate loans; term loans and revolving/nonrevolving lines of credit; overdraft protection and letters of credit; and residential mortgages and home equity loans and lines. In addition, it provides cash management services, such as ACH transaction processing, positive pay, and remote deposit services; investment management and trust services to individuals, institutions, small businesses, and charitable institutions; interchange fees; ATM fees; mobile, online, and telephone banking; estate settlement, financial planning, tax services, and other services; debit and credit cards; and mutual fund and unit investment trust shares, third party model portfolios, general securities, fixed and variable annuities, and life insurance products, as well as advisory platforms. Further, the company invests in low-income housing tax credit projects; holds, maintains, and disposes foreclosed properties; and operates as an investment advisor. The company was founded in 1907 and is headquartered in Rockland, Massachusetts.

Price

$75.21

52-Week Range

$52 $87

Dividend Yield

3.48%

Dividend Score

B

Dividend

Yield 3.48%
Annual $2.56
Payout 53%
5Y Avg 3.22%

Valuation

P/E (TTM) 16.9
Fwd P/E 9.1
P/B 1.04
PEG N/A

Profitability

Profit Margin 25.9%
Op Margin 47.5%
ROE 6.3%
ROA 0.9%

Financial Health

Current Ratio N/A
Quick Ratio N/A
Debt/Equity N/A

Cash Flow

Free CF N/A
Op CF $251M
Total Cash $806M

Analyst Consensus

None

5 analysts

Target: $90 $80 - $96
+19.1% implied

Dividend Growth

Most Recent Annual Growth

3.51%

3-Year Avg Growth

4.31%

5-Year Avg Growth

5.12%

Annual Dividends

Year-over-Year Growth

Recent Dividend History

Ex-Dividend Date Amount
Mar 30, 2026 $0.6400
Dec 29, 2025 $0.5900
Sep 29, 2025 $0.5900
Jun 30, 2025 $0.5900
Mar 31, 2025 $0.5900
Dec 30, 2024 $0.5700
Sep 30, 2024 $0.5700
Jul 01, 2024 $0.5700
Mar 28, 2024 $0.5700
Dec 22, 2023 $0.5500
Sep 29, 2023 $0.5500
Jun 23, 2023 $0.5500
Mar 24, 2023 $0.5500
Dec 23, 2022 $0.5500
Sep 23, 2022 $0.5100
Jun 24, 2022 $0.5100
Mar 25, 2022 $0.5100
Dec 23, 2021 $0.4800
Sep 24, 2021 $0.4800
Jun 25, 2021 $0.4800

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