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About the company
Independent Bank Corp. is a bank holding company of Rockland Trust Company (the Bank). The Bank provides a range of banking, investment and financial services, operating with over 120 retail branches, as well as a network of commercial and residential lending centers, and investment management offices primarily in Eastern Massachusetts, Worcester County, and Rhode Island. The Bank also offers a full suite of mobile, online, and telephone banking services. The Bank’s commercial, consumer real estate, and other consumer loan portfolios consist of loans made to residents of and businesses located in the Bank’s market area. Its commercial loans consist of commercial real estate loans, commercial construction loans, commercial and industrial loans, and small business loans. The Bank’s consumer portfolio consists of real estate loans comprised of residential mortgages and home equity loans and lines, all secured by one-to-four family residential properties, as well as other consumer loans.
- Revenue in USD (TTM)830.01m
- Net income in USD214.71m
- Incorporated1985
- Employees1.79k
- LocationIndependent Bank Corp (Massachusetts)288 Union StreetROCKLAND 02370United StatesUSA
- Phone+1 (781) 878-6100
- Websitehttps://indb.rocklandtrust.com/corporate-profile/default.aspx
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Peer analysis
Key Information
- Key Information
- Stock Performance
- Per Share Data
- Efficiency
- Management Effectiveness
- Profitability
- Financial Strength
- Growth Rates
| Company | Revenue (TTM) | Net income (TTM) | Market cap | Employees | Price/earnings (TTM) | Price/book value (MRQ) | Price/cash flow (TTM) | Price/sales (TTM) | EPS (excl. extraordinary items, TTM) | EPS (incl. extraordinary items, TTM) | Revenue per share (TTM) | Book value per share (MRQ) | Asset turnover (TTM) | Inventory turnover (TTM) | Receivables turnover (TTM) | Revenues per employee (TTM) | Return on avg assets (TTM) | Return on avg assets (5 yr avg) | Return on investment (TTM) | Return on investment (5 yr avg) | Gross margin (TTM) | Gross margin (5 yr avg) | Net profit margin (TTM) | Net Profit margin (5 yr avg) | Quick ratio (MRQ) | Interest coverage (TTM) | Total debt to capital (MRQ) | Payout ratio (5 yr avg) | Revenue (YOY change %) | Revenue (5 yr growth rate) | Net income (YOY change %) | Net income (5 yr growth rate) | Capital expenditure (5 yr growth rate) | Dividend (5 yr growth rate) |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Enterprise Financial Services Corp | 827.36m | 171.29m | 1.84bn | 1.17k | 10.77 | 1.09 | 10.16 | 2.93 | 4.56 | 4.56 | 16.67 | 47.00 | -- | -- | -- | -- | 1.23 | 1.30 | -- | -- | -- | -- | 27.97 | 31.63 | -- | -- | -- | 19.36 | 48.50 | 26.32 | -4.37 | 16.36 | 16.65 | 16.30 |
| Donnelley Financial Solutions Inc | 802.60m | 106.10m | 1.89bn | 1.90k | 18.64 | 4.30 | 11.53 | 2.36 | 3.50 | 3.50 | 26.31 | 15.17 | 0.8992 | -- | 3.49 | 422,421.10 | 11.89 | 7.96 | 15.34 | 10.70 | 61.20 | 50.95 | 13.22 | 7.79 | -- | 11.07 | 0.2966 | -- | -4.37 | -3.71 | -19.80 | 2.23 | 10.74 | -- |
| Federal Agricultural Mortgage Corp | 1.53bn | 179.44m | 1.93bn | 185.00 | 11.18 | 1.96 | -- | 1.26 | 16.37 | 16.37 | 139.79 | 137.94 | 0.053 | -- | 5.00 | 8,281,406.00 | 0.7142 | 0.602 | 1.03 | 0.9443 | 23.46 | 34.22 | 13.49 | 19.97 | -- | -- | 0.9495 | 30.59 | 94.22 | 20.66 | 14.48 | 12.74 | -- | 13.66 |
| Trustmark Corp | 930.40m | 7.72m | 1.95bn | 2.76k | 254.20 | 1.04 | 42.56 | 3.62 | 0.1251 | 3.03 | 8.79 | 30.70 | -- | -- | -- | -- | 0.0419 | 0.8513 | -- | -- | -- | -- | 1.43 | 20.43 | -- | -- | -- | 41.71 | 62.20 | 12.60 | 130.21 | 2.04 | 11.81 | 0.00 |
| Live Oak Bancshares Inc | 758.02m | 110.51m | 2.10bn | 984.00 | 19.14 | 2.18 | 15.92 | 4.29 | 2.43 | 2.43 | 10.76 | 21.35 | -- | -- | -- | -- | 0.9741 | 1.28 | -- | -- | -- | -- | 22.61 | 25.00 | -- | -- | -- | 5.20 | 54.85 | 33.45 | -58.06 | 7.41 | -15.90 | 0.00 |
| Provident Financial Services, Inc. | 734.04m | 76.46m | 2.33bn | 1.11k | 18.42 | 0.9091 | 24.59 | 4.57 | 0.9675 | 0.9675 | 5.83 | 19.60 | -- | -- | -- | -- | 0.4013 | 1.09 | -- | -- | -- | -- | 15.03 | 31.20 | -- | -- | -- | 52.03 | 32.10 | 11.35 | -26.90 | 1.64 | 18.82 | 3.20 |
| Independent Bank Group Inc | 929.56m | -420.09m | 2.34bn | 1.52k | -- | 1.23 | -- | 4.95 | -10.20 | -10.20 | 11.49 | 45.85 | -- | -- | -- | -- | -2.27 | 1.02 | -- | -- | -- | -- | -88.94 | 29.71 | -- | -- | -- | 31.94 | 33.09 | 16.44 | -77.87 | -19.45 | -11.25 | 23.00 |
| Pacific Premier Bancorp, Inc. | 862.74m | -2.20m | 2.36bn | 1.35k | -- | 0.8087 | 98.14 | 5.82 | -0.028 | -0.028 | 4.30 | 30.32 | -- | -- | -- | -- | -0.0021 | 0.9766 | -- | -- | -- | -- | -0.1024 | 27.89 | -- | -- | -- | 58.75 | 15.54 | 14.64 | -89.73 | -25.07 | -8.48 | -- |
| Heartland Financial USA Inc | 1.01bn | 61.13m | 2.40bn | 1.84k | 39.51 | 1.25 | 30.00 | 4.16 | 1.42 | 1.42 | 13.46 | 47.32 | -- | -- | -- | -- | 0.3544 | 0.9287 | -- | -- | -- | -- | 11.98 | 25.30 | -- | -- | -- | 24.93 | 41.38 | 15.41 | -64.79 | -9.28 | -11.14 | 17.32 |
| Independent Bank Corp (Massachusetts) | 830.01m | 214.71m | 2.42bn | 1.79k | 11.45 | 0.8275 | 9.53 | 3.46 | 4.97 | 4.97 | 16.18 | 68.74 | -- | -- | -- | -- | 1.11 | 1.16 | -- | -- | -- | -- | 30.75 | 30.66 | -- | -- | -- | 42.11 | 23.78 | 19.71 | -9.22 | 14.51 | 7.36 | 8.55 |
| Bank of Hawaii Corp | 846.18m | 140.90m | 2.50bn | 1.90k | 17.64 | 1.97 | 15.50 | 3.89 | 3.56 | 3.56 | 16.24 | 40.60 | -- | -- | -- | -- | 0.6167 | 0.9761 | -- | -- | -- | -- | 23.16 | 30.28 | -- | -- | -- | 54.17 | 35.66 | 8.05 | -25.06 | -5.72 | -23.25 | 3.65 |
| John Wiley & Sons Inc | 1.83bn | -109.49m | 2.69bn | 6.40k | -- | 3.75 | 66.52 | 1.47 | -2.00 | -2.00 | 33.37 | 13.15 | 0.6546 | 18.95 | 10.57 | 285,278.60 | -3.93 | 0.2461 | -5.23 | 0.3479 | 70.87 | 70.06 | -6.00 | 0.402 | 0.5328 | 4.54 | 0.5628 | 983.70 | -7.27 | 0.7974 | -1,262.42 | -- | 0.1767 | 1.18 |
| First Hawaiian Inc | 970.72m | 221.86m | 2.89bn | 2.03k | 13.06 | 1.13 | 11.07 | 3.51 | 1.73 | 1.73 | 6.43 | 19.94 | -- | -- | -- | -- | 0.9148 | 1.07 | -- | -- | -- | -- | 26.93 | 32.16 | -- | -- | -- | 54.40 | 39.26 | 7.41 | -11.56 | -2.33 | -17.69 | 1.61 |
| WSFS Financial Corporation | 1.04bn | 273.11m | 2.90bn | 2.23k | 10.84 | 1.16 | 9.51 | 2.79 | 4.51 | 4.51 | 17.13 | 42.01 | -- | -- | -- | -- | 1.33 | 1.34 | -- | -- | -- | -- | 26.28 | 26.52 | -- | -- | -- | 14.01 | 38.75 | 27.22 | 21.04 | 14.93 | 3.10 | 7.39 |
| Lufax Holding Ltd - ADR | 3.95bn | -341.81m | 2.95bn | 36.22k | -- | 0.1698 | -- | 0.7469 | -0.5969 | -0.5969 | 6.85 | 20.02 | 0.1119 | -- | -- | 108,940.80 | -0.9086 | 4.05 | -1.66 | 10.64 | -- | -- | -8.12 | 20.51 | -- | -2.69 | 0.3786 | 2.76 | -41.05 | -3.27 | -89.81 | -42.09 | -29.10 | -- |
| Cathay General Bancorp | 1.32bn | 303.16m | 3.04bn | 1.25k | 10.12 | 1.09 | 9.77 | 4.04 | 4.16 | 4.16 | 10.32 | 38.70 | -- | -- | -- | -- | 1.31 | 1.52 | -- | -- | -- | -- | 40.29 | 43.86 | -- | -- | -- | 32.66 | 45.92 | 12.55 | -1.81 | 5.43 | -12.60 | 5.72 |
Data as of Oct 09 2024. Currency figures normalised to Independent Bank Corp (Massachusetts)'s reporting currency: US Dollar USD
50.52%Per cent of shares held by top holders
| Holder | Shares | % Held |
|---|---|---|
| BlackRock Fund Advisorsas of 31 Mar 2024 | 5.92m | 13.94% |
| The Vanguard Group, Inc.as of 31 Mar 2024 | 5.14m | 12.09% |
| SSgA Funds Management, Inc.as of 31 Mar 2024 | 2.29m | 5.38% |
| Dimensional Fund Advisors LPas of 30 Jun 2024 | 2.06m | 4.84% |
| Victory Capital Management, Inc. (Investment Management)as of 30 Jun 2024 | 1.70m | 4.01% |
| Geode Capital Management LLCas of 30 Jun 2024 | 1.01m | 2.38% |
| Silvercrest Asset Management Group LLCas of 31 Mar 2024 | 988.41k | 2.33% |
| Macquarie Investment Management Business Trustas of 30 Jun 2024 | 986.47k | 2.32% |
| Rockland Trust Co.as of 30 Jun 2024 | 737.48k | 1.74% |
| Boston Trust Walden, Inc.as of 30 Jun 2024 | 634.96k | 1.50% |
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Data from 31 Mar 2024 - 30 Jun 2024Source: FactSet Research Systems Inc.
