Independent Bank Stock (NASDAQ:INDB)
Previous Close
$70.79
52W Range
$45.11 - $75.63
50D Avg
$63.09
200D Avg
$55.70
Market Cap
$3.00B
Avg Vol (3M)
$274.60K
Beta
0.74
Div Yield
$2.26 (3.19%)
INDB Company Profile
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 primarily in Massachusetts. The company accepts interest checking, money market, and savings accounts, as well as demand deposits and time certificates of deposit. It also offers commercial and industrial, commercial real estate and construction, small business, consumer real estate, and personal loans. In addition, the company provides investment management and trust services to individuals, institutions, small businesses, and charitable institutions; Internet and mobile banking services, as well as estate settlement, financial planning, tax services, and other services; automated teller machine and debit cards; and mutual fund and unit investment trust shares, general securities, fixed and variable annuities, and life insurance products. As of December 31, 2021, it operates one hundred nineteen retail branches, two limited-service retail branches, and one mobile branch located within Barnstable, Bristol, Dukes, Essex, Middlesex, Nantucket, Norfolk, Plymouth, Suffolk, and Worcester counties in Eastern Massachusetts. The company was founded in 1907 and is headquartered in Rockland, Massachusetts.
INDB Performance
Revenue Breakdown
Revenue Breakdown by Product/Service
| Product/Service | Dec 22 | Dec 21 | Dec 20 |
|---|---|---|---|
| ATM Charge | $3.87M | $2.99M | $2.48M |
| Investment Advisory, Retail Investment and Insurance Service | $4.06M | $3.69M | $2.27M |
| Deposit Account | $23.37M | $16.75M | $15.12M |
| Investment Advisory, Management and Administrative Service | $32.77M | $31.62M | $27.16M |
| Merchant Processing | $1.53M | $1.36M | $1.30M |
| Credit Card, Merchant Discount | $10.88M | $8.86M | $12.56M |
| Credit Card Income | $1.83M | $1.23M | $778.00K |
Fiscal year ends in Dec 23 | Currency in USD
Peer Comparison
| Ticker | Company |
|---|---|
| BSRR | Sierra Bancorp |
| NECB | Northeast Community Bancorp, Inc. |
| RMBI | Richmond Mutual Bancorporation, Inc. |
| FCAP | First Capital, Inc. |
| BFST | Business First Bancshares, Inc. |
| HONE | HarborOne Bancorp, Inc. |
| FNWD | Finward Bancorp |
| FCCO | First Community Corporation |
| HFWA | Heritage Financial Corporation |
| CWBC | Community West Bancshares |
| FBNC | First Bancorp |
| FFNW | First Financial Northwest, Inc. |
| HMNF | HMN Financial, Inc. |
| CATC | Cambridge Bancorp |
| CFFN | Capitol Federal Financial, Inc. |
| FBMS | The First Bancshares, Inc. |
| EBC | Eastern Bankshares, Inc. |
| BFIN | BankFinancial Corporation |
| BHLB | Berkshire Hills Bancorp, Inc. |
| NBHC | National Bank Holdings Corporation |
| WNEB | Western New England Bancorp, Inc. |