Independent Bank (NASDAQ: INDB) — Company Overview, News & Financial Data
Independent Bank offers a range of commercial and retail banking services supporting local development.
Independent Bank
Independent Bank (NASDAQ:INDB) operates in the banking sector, focusing on providing a wide range of commercial and retail banking services. These services include deposit accounts, loan products, and internet banking among others, primarily catering to individuals and small to medium-sized businesses. With a strong emphasis on community banking, Independent Bank aims to support local development and economic growth by investing in community projects and offering tailored financial solutions. The objective of Independent Bank is to enhance shareholder value through sustainable growth, operational excellence, and a commitment to superior customer service, while maintaining its core values of integrity and community support.
Snapshot
Operations
Products and/or services of Independent Bank
- Commercial lending services offering loans tailored to businesses for expansion, operations, or capital improvements.
- Residential mortgage lending for individuals looking to purchase, refinance, or construct homes.
- Personal banking solutions including checking accounts, savings accounts, and online banking services.
- Business banking products such as business checking and savings accounts, merchant services, and treasury management.
- Wealth management and advisory services providing investment strategies, financial planning, and asset management.
- Consumer lending products like personal loans, auto loans, and home equity lines of credit.
Independent Bank executive team
- Jeffrey J. TengelPresident, CEO & Director
- Mark J. RuggieroChief Financial Officer
- Patricia M. NataleExecutive VP, General Counsel & Corporate Secretary
- Lee C. PowlusExecutive VP & Chief Administrative Officer of Rockland Trust Company
- James RizzoExecutive VP & Chief Commercial Banking Officer of Rockland Trust Company
- David Byron SmithExecutive VP & Chief Investment Officer
- Maureen A. GaffneySenior VP, Controller & Principal Accounting Officer
- Gerard M. CroninSenior VP & Director of Investor Relations
- Alastair IronsideExecutive VP & Chief Marketing Officer
- Maria S. HarrisExecutive VP & Chief Human Resource Officer of Rockland Trust Company
Dividend history
Dividends per share paid by Independent Bank, by financial year.
| Financial year | Interim | Final | Special | Total |
|---|---|---|---|---|
| FY2026(to date) | — | — | — | $1.9200 |
| FY2025 | — | — | — | $2.3600 |
| FY2024 | — | — | — | $2.2800 |
| FY2023 | — | — | — | $2.2000 |
| FY2022 | — | — | — | $2.0800 |
Key financials
Reported results for Independent Bank, in USD.
- Market cap
- 3.9B
- Revenue (TTM)
- 998.9M
- P/E ratio
- 12.5
- EPS (diluted, TTM)
- 6.8
- Dividend yield
- 3.0%
- Profit margin
- 32.7%
| Fiscal year end | Revenue | Operating income | Net income |
|---|---|---|---|
| 1.2B | 266.9M | 205.1M | |
| 974.1M | 247.1M | 192.1M | |
| 795.7M | 315.1M | 239.5M | |
| 749.8M | 347.8M | 263.8M |