Independent Bank (INDB) Financials: History & Chart

Independent Bank Corp.(INDB)

Banks - Regional · Rockland, MA

$79.40-0.31 (-0.38%)

Delayed quote: Oct 6, 2026, 1:05 PM EDT

About Independent Bank Corp.

Independent Bank Corp. functions as the parent company for Rockland Trust Company, delivering a wide array of commercial banking products and services. Its clientele primarily consists of private individuals and small to mid-sized businesses, largely within Massachusetts. The institution offers diverse deposit options, including interest-bearing checking, money market, and savings accounts, in addition to demand deposits and time certificates of deposit. Its extensive lending portfolio covers commercial and industrial loans, commercial real estate and construction financing, small business loans, consumer real estate loans, and personal loans. Beyond core banking, the company provides wealth management and fiduciary services for a broad spectrum of clients, from private individuals and institutions to small businesses and charitable organizations. It also offers digital banking solutions (online and mobile), estate planning, financial advisory, and tax assistance. Customers have access to ATM and debit card services, alongside various investment products such as mutual funds, unit investment trusts, general securities, fixed and variable annuities, and life insurance. As of December 31, 2021, Independent Bank Corp. maintained a substantial physical presence, operating 119 retail branches, two limited-service retail branches, and one mobile branch. These facilities are strategically located across Eastern Massachusetts, encompassing Barnstable, Bristol, Dukes, Essex, Middlesex, Nantucket, Norfolk, Plymouth, Suffolk, and Worcester counties. Established in 1907, the company is headquartered in Rockland, Massachusetts.

Rockland, MA

2,294 employees

www.rocklandtrust.com

Financial Services / Banks - Regional

Sector: Financial Services
Industry: Banks - Regional
CEO: Jeffrey J. Tengel

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Financials

SEC Filings

Quarterly Income Statement (USD)

Swipe horizontally to review earlier periods. The line-item column stays pinned.

Quarterly Report	TTM	Quarter ended Jun 2026	Quarter ended Mar 2026	Quarter ended Dec 2025	Quarter ended Sep 2025	Quarter ended Jun 2025	Quarter ended Mar 2025	Quarter ended Dec 2024	Quarter ended Sep 2024
Revenue	1.25B	289.29M	290.26M	338.98M	335.15M	250.52M	242.52M	246.58M	249.46M
Cost of Goods Sold	371.15M	78.36M	77.81M	85.05M	129.93M	77.90M	81.42M	79.16M	94.32M
Gross Profit	882.54M	210.93M	212.46M	253.93M	205.22M	172.62M	161.11M	167.42M	155.14M
Gross Profit Margin	70.4%	72.9%	73.2%	74.9%	61.2%	68.9%	66.4%	67.9%	62.2%
Total Operating Expenses	598.39M	140.28M	142.91M	154.37M	160.84M	106.81M	103.94M	104.49M	99.83M
Research & Development	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Selling, General & Administrative	432.28M	126.59M	139.89M	81.58M	84.21M	67.03M	64.92M	61.80M	62.74M
Operating Income (EBIT)	284.14M	70.65M	69.55M	99.56M	44.39M	65.81M	57.17M	62.93M	55.31M
Operating Margin	22.7%	24.4%	24.0%	29.4%	13.2%	26.3%	23.6%	25.5%	22.2%
Income Before Tax (EBT)	350.30M	106.80M	104.30M	94.81M	44.39M	65.81M	57.17M	62.93M	55.31M
Interest Income	1.17B	289.29M	290.26M	297.54M	294.75M	218.19M	211.92M	216.32M	216.52M
Interest Expense	332.63M	78.36M	77.81M	85.05M	91.41M	70.70M	66.42M	71.66M	74.82M
Other Income/Expense	66.15M	36.15M	34.76M	-4.75M	0.00	0.00	0.00	0.00	0.00
Net Income	271.35M	81.84M	79.92M	75.33M	34.26M	51.10M	44.42M	50.03M	42.95M
Income Tax Expense	78.94M	24.96M	24.38M	19.48M	10.13M	14.71M	12.74M	12.90M	12.36M
Net Profit Margin	21.6%	28.3%	27.5%	22.2%	10.2%	20.4%	18.3%	20.3%	17.2%
EBITDA	320.71M	84.33M	72.57M	106.61M	57.19M	74.97M	67.46M	72.32M	65.62M
EBITDA Margin	25.6%	29.2%	25.0%	31.5%	17.1%	29.9%	27.8%	29.3%	26.3%
Depreciation & Amortization	36.56M	13.68M	3.02M	7.05M	12.80M	9.16M	10.29M	9.39M	10.31M
EPS Basic	5.54	1.70	1.63	1.52	0.69	1.20	1.04	1.18	1.01
EPS Diluted	5.54	1.70	1.63	1.52	0.69	1.20	1.04	1.18	1.01
Weighted Average Basic Shares	48.05M	48.05M	48.97M	49.45M	49.93M	42.62M	42.55M	42.49M	42.50M
Weighted Average Diluted Shares	48.05M	48.05M	49.00M	49.48M	49.96M	42.64M	42.57M	42.52M	42.50M

Annual Income Statement (USD)

Swipe horizontally to review earlier years. The line-item column stays pinned.

Annual Report	12/31/2025	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018
Revenue	1.17B	974.14M	911.33M	749.84M	515.98M	507.42M	556.63M	412.21M
Cost of Goods Sold	374.29M	327.27M	212.46M	36.09M	31.92M	86.84M	59.88M	30.31M
Gross Profit	792.88M	646.86M	698.88M	713.75M	484.06M	420.58M	496.75M	381.89M
Gross Profit Margin	67.9%	66.4%	76.7%	95.2%	93.8%	82.9%	89.2%	92.6%
Total Operating Expenses	525.96M	399.74M	383.74M	365.99M	327.38M	267.74M	278.64M	225.97M
Research & Development	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Selling, General & Administrative	297.74M	244.54M	234.09M	211.66M	176.57M	154.98M	162.52M	137.17M
Operating Income (EBIT)	266.92M	247.13M	315.13M	347.75M	156.68M	152.84M	218.11M	155.93M
Operating Margin	22.9%	25.4%	34.6%	46.4%	30.4%	30.1%	39.2%	37.8%
Income Before Tax (EBT)	262.17M	247.13M	315.13M	347.75M	156.68M	152.84M	218.11M	155.93M
Interest Income	1.02B	852.75M	795.73M	642.84M	415.28M	402.07M	447.01M	323.70M
Interest Expense	313.57M	291.02M	189.21M	29.59M	13.72M	34.34M	53.88M	25.54M
Other Income/Expense	-4.75M	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Income	205.12M	192.08M	239.50M	263.81M	120.99M	121.17M	165.18M	121.62M
Income Tax Expense	57.05M	55.05M	75.63M	83.94M	35.68M	31.67M	52.93M	34.30M
Net Profit Margin	17.6%	19.7%	26.3%	35.2%	23.4%	23.9%	29.7%	29.5%
EBITDA	306.23M	288.02M	351.24M	386.55M	189.50M	180.10M	237.55M	171.56M
EBITDA Margin	26.2%	29.6%	38.5%	51.6%	36.7%	35.5%	42.7%	41.6%
Depreciation & Amortization	39.31M	40.89M	36.10M	38.80M	32.82M	27.26M	19.44M	15.63M
EPS Basic	4.45	4.52	5.42	5.69	3.47	3.64	5.03	4.41
EPS Diluted	4.45	4.52	5.42	5.69	3.47	3.64	5.03	4.40
Weighted Average Basic Shares	49.45M	42.50M	44.18M	46.37M	34.87M	33.26M	32.81M	27.59M
Weighted Average Diluted Shares	49.48M	42.51M	44.19M	46.39M	34.89M	33.28M	32.86M	27.65M

Values are displayed in USD. Negative numbers shown in red.

Values are displayed in USD. Negative numbers are shown in red.