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Independent Bank Corp.INDB
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Overview >
Market Cap
2.26B
Revenue (ttm)
653.49M
Net Income (ttm)
192.08M
Shares Out
42.61M
EPS (ttm)
4.52
PE Ratio
11.72
Forward PE
9.81
Dividend
$2.36 (4.46%)
Ex-Dividend Date
Mar 31, 2025
Volume
115,502
Open
53.60
Previous Close
54.34
Day's Range
52.35 - 53.86
52-Week Range
45.11 - 77.23
Beta
0.86
Analysts
Strong Buy
Price Target
74.33 (+40.06%)
Earnings Date
Apr 17, 2025
Description >

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.

It accepts interest checking, money market, and savings accounts, as well as demand deposits and time certificates of deposit.

The company also offers commercial and industrial, commercial real estate and construction, small business, and consumer real estate.

In addition, it 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 well as advisory platforms.

The company was founded in 1907 and is headquartered in Rockland, Massachusetts.

Latest News >
SoftBank books surprise loss of $2.4 billion in third quarter
SoftBank books surprise loss of $2.4 billion in third quarter
Feb 11, 2025
TOKYO, Feb 12 (Reuters) - Japanese technology investor SoftBank Group booked a surprising net loss of 369.2 billion yen ($2.4 billion) in the October-December quarter as valuations at its Vision Fund investment arm fell. In particular, SoftBank was hit by unrealised valuation losses for South Korean e-commerce platform Coupang ( CPNG ), Chinese ride-hailing firm Didi Global and AutoStore Holdings...
Supermarket group Ahold Delhaize's fourth-quarter sales marginally beat view
Supermarket group Ahold Delhaize's fourth-quarter sales marginally beat view
Feb 11, 2025
Feb 12 (Reuters) - Supermarket group Ahold Delhaize reported slightly higher-than-expected sales for the fourth quarter on Wednesday, as it saw volume recovery in the U.S. and strong performance in Europe. The Dutch group's revenue for the three months through December 31 was 23.28 billion euros ($24.12 billion), while analysts in a company-compiled poll had estimated it to be 23.21...
China's purchases of chipmaking equipment to decline in 2025, consultancy says
China's purchases of chipmaking equipment to decline in 2025, consultancy says
Feb 11, 2025
BEIJING/SHANGHAI (Reuters) - China's purchases of chipmaking equipment are set to decline this year after three years of growth, as the industry grapples with overcapacity and faces greater constraints from U.S. sanctions, a consultancy said on Wednesday. China has been the biggest buyer of wafer fabrication equipment for at least the past two years, purchasing $41 billion worth of tools...
China's purchases of chipmaking equipment to decline in 2025, consultancy says
China's purchases of chipmaking equipment to decline in 2025, consultancy says
Feb 11, 2025
BEIJING/SHANGHAI, Feb 12 (Reuters) - China's purchases of chipmaking equipment are set to decline this year after three years of growth, as the industry grapples with overcapacity and faces greater constraints from U.S. sanctions, a consultancy said on Wednesday. China has been the biggest buyer of wafer fabrication equipment for at least the past two years, purchasing $41 billion worth...
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