
Independent Bank
INDB · NASDAQ · Financial Services / Banks - Regional
Price History
Full chartMarket Stats
About
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.
Company Details
- SectorFinancial Services
- IndustryBanks - Regional
- CEOMr. Jeffrey J. Tengel
- Employees2.29K
- Headquarters288 Union Street, Rockland, MA, United States, 02370, USA
- Websitehttps://www.rocklandtrust.com
Leadership
- Mr. Jeffrey J. TengelPresident, CEO & Director · b. 1963
- Mr. Mark J. Ruggiero CPAChief Financial Officer · b. 1977
- Ms. Patricia M. Natale Esq.Executive VP, General Counsel & Corporate Secretary · b. 1966
- Mr. Lee C. PowlusExecutive VP & Chief Administrative Officer of Rockland Trust Company · b. 1961
- Mr. James RizzoExecutive VP & Chief Commercial Banking Officer of Rockland Trust Company · b. 1963
- Mr. David Byron Smith C.F.A.Executive VP & Chief Investment Officer
- Ms. Maureen A. GaffneySenior VP, Controller & Principal Accounting Officer · b. 1979
- Mr. Alastair IronsideExecutive VP & Chief Marketing Officer
- Ms. Maria S. HarrisExecutive VP & Chief Human Resource Officer of Rockland Trust Company · b. 1971
- Mr. Timothy C. LaneExecutive VP & Chief Internal Auditor
Financials
Income Statement
Balance Sheet
Cash Flow
Earnings
Key Statistics & Ratios
Analyst Ratings
- Strong Buy2
- Hold2
Ownership Breakdown
- Institutions
- 88.21%
- Insiders
- 1.65%
- Retail / Other
- 10.14%
Top Institutional Holders
- BlackRock Inc7.14M15.02%
- Vanguard Portfolio Management, LLC3.31M6.95%
- Dimensional Fund Advisors, Inc.2.63M5.54%
- State Street Corp2.50M5.26%
- Vanguard Capital Management, LLC2.20M4.63%
- AllianceBernstein L.P.1.46M3.06%
- Rockland Trust Co1.43M3.00%
- Geode Capital Management, LLC1.26M2.66%
- DePrince Race & Zollo Inc1.04M2.18%
- Channing Capital Management, LLC953.43K2.01%
- Delaware Management Holdings Inc921.74K1.94%
- Citadel Advisors Llc733.72K1.54%
- Verition Fund Managegment, LLC700.77K1.47%
- Reinhart Mahoney Capital Management Inc657.87K1.38%
Top Fund Holders
- iShares Core S&P Small-Cap ETF2.94M6.19%
- Vanguard MStar Total Stk Mkt Idx Invest1.54M3.24%
- iShares Russell 2000 ETF1.25M2.62%
- Vanguard Small Cap Index1.11M2.34%
- Nomura Small Cap Core I731.07K1.54%
- Vanguard MStar Small Cap Value Index706.17K1.49%
Dividends
Stock Splits
- Oct 1, 19873:2