INDEPENDENT BANK CORP
About INDEPENDENT BANK CORP
Independent Bank Corp is a bank holding company and the sole shareholder of its bank, the Rockland Trust Company. Rockland is a community-oriented commercial bank. The bank provides a variety of banking, investment and financial services, operating with various retail branches, as well as a network of commercial and residential lending centers and investment management offices majorly in Eastern Massachusetts, Worcester County, and Rhode Island. The bank's loan portfolio constitutes the bulk of the bank's total assets. Its borrowers consist mostly of small to medium-size businesses and consumers, majority of which are made to its market area in eastern Massachusetts and Rhode Island. The bank's loan portfolio is predominantly in commercial loans.
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Financial summary
- Net income
- $205.1M
- Total assets
- $24.9B
- Market cap
- $3.8B
- Operating margin
- 25.6%
- Net margin
- 20.1%
Source: SEC EDGAR · updated Jun 7, 2026
Revenue & profit trend
Financial statements
Income statement
- Revenue
- $1.0B
- Operating expenses
- $760.2M
- Operating income
- $262.2M
- Income tax
- $57.0M
- Net income
- $205.1M
- EPS (basic)
- $4.44
- EPS (diluted)
- $4.44
Balance sheet
- Total assets
- $24.9B
- Current assets
- $24.9B
- Total liabilities
- $21.3B
- Current liabilities
- $21.3B
- Shareholders’ equity
- $3.6B
Cash flow
- Operating cash flow
- $251.2M
- Investing cash flow
- $5.0M
- Financing cash flow
- $295.8M
- Net cash flow
- $552.0M
Statements via Polygon.io (SEC filings)
15-minute delayed · data by Polygon.io
Past year
52-week range
- Market cap
- $3.8B
- P/E ratio
- 17.9
- EPS (diluted)
- $4.44
- Dividend yield
- 3.22%
- Shares outstanding
- 48.3M
- Open
- —
- Day range
- –
- Prev close
- —
- Volume
- —
- IPO date
- Jan 1, 1986
Market data by Polygon.io · prices are 15-minute delayed
At a glance
- Profitable — net income of $205.1M.
- Revenue grew 146% from FY2021 to FY2025.
- Trading 8% below its 52-week high.
- Pays a dividend yielding about 3.22% annually.
- Valued at a price-to-earnings (P/E) ratio of 17.9.
Automatically generated from public filings and market data. Informational only — not investment advice or a recommendation to buy or sell any security.
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