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Independent Bank Corp. - INDB STOCK NEWS

Welcome to our dedicated news page for Independent Bank (Ticker: INDB), a resource for investors and traders seeking the latest updates and insights on Independent Bank.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Independent Bank's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Independent Bank's position in the market.

News
Independent Bank Corp. Reports First Quarter Net Income of $47.8 Million
Rhea-AI Summary
Independent Bank Corp. (INDB) reported first-quarter net income of $47.8 million, with a return on average assets of 1.00% and a return on average common equity of 6.63%. Total assets remained steady at $19.3 billion, with loan and deposit growth. Net interest income decreased to $137.4 million, while noninterest income and expenses saw fluctuations. Asset quality remained stable, with minimal net charge-offs and slight increases in nonperforming loans. The company's conference call to discuss earnings will be held on April 19, 2024.
Rhea-AI Impact
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End-of-Day
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Independent Bank Corp.’s Announcement of Date of First Quarter Conference Call
Rhea-AI Summary
Independent Bank Corp. (INDB) to host quarterly conference call to discuss first quarter results. The parent company of Rockland Trust Company offers a wide range of banking, investment, and insurance services to individuals, families, and businesses. Internet access and replay options available.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.62%
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Independent Bank Corp. Announces 4% Increase in Quarterly Dividend
Rhea-AI Summary
Independent Bank Corp. (INDB) increases dividend by $0.02 per share, reflecting a 4% increase from the prior quarter. The dividend of $0.57 per share will be payable on April 5, 2024, to stockholders of record as of April 1, 2024. The company's strong capital position and long-term value creation drive the dividend increase.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.38%
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dividends
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Independent Bank Corp. CEO Jeffrey Tengel and CFO Mark J. Ruggiero to Participate in the 2024 RBC Capital Markets Global Financial Institutions Conference
Rhea-AI Summary
Independent Bank Corp. executives to participate in the 2024 RBC Capital Markets Global Financial Institutions Conference. The company, INDB, is the holding company for Rockland Trust Company, offering a wide range of banking services in Massachusetts and Rhode Island.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.34%
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conferences
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News
Independent Bank Corp. CEO Jeffrey Tengel, President Gerard Nadeau and CFO Mark J. Ruggiero to Participate in the 2024 KBW Winter Financial Services Conference
Rhea-AI Summary
Independent Bank Corp. (INDB) executives are set to participate in the 2024 KBW Winter Financial Services Conference, showcasing the company's strong presence in Massachusetts and Rhode Island. Rockland Trust, the company's subsidiary, has been recognized for its commitment to equity and inclusion, community involvement, and outstanding performance in its most recent Community Reinvestment Act evaluation.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.57%
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conferences
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News
Independent Bank Corp. Reports Fourth Quarter Net Income of $54.8 Million
Rhea-AI Summary
Independent Bank Corp. (INDB) reported a decrease in net income for the 2023 fourth quarter and full year compared to the prior year. The company generated a return on average assets and a return on average common equity of 1.13% and 7.51%, respectively, for the fourth quarter of 2023. Total assets remained consistent at $19.3 billion. The company executed a $100 million stock repurchase plan during the fourth quarter of 2023, buying back 1.3 million shares of common stock for $69.0 million. Net interest income for the fourth quarter of 2023 decreased 3.2% to $145.1 million compared to the prior quarter, and noninterest income decreased by 4.4%. Noninterest expense increased by 3.0% in the fourth quarter of 2023 compared to the prior quarter. The provision for credit losses was consistent with the prior quarter at $5.5 million, and net charge-offs declined to $3.8 million for the fourth quarter of 2023 compared to $5.6 million in the prior quarter.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.33%
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News
Independent Bank Corp.’s Announcement of Date of Fourth Quarter Conference Call
Rhea-AI Summary
Independent Bank Corp. (INDB) to Host Quarterly Conference Call to Discuss Fourth Quarter Results
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.09%
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Independent Bank Corp. Announces Quarterly Dividend
Rhea-AI Summary
Independent Bank Corp. (INDB) announces a $0.55 per share dividend payable on January 5, 2024, to stockholders of record as of December 26, 2023. Rockland Trust, the subsidiary of INDB, offers a wide range of banking, investment, and insurance services in Massachusetts and Rhode Island. The bank has a longstanding commitment to equity and inclusion, reflected in its community involvement and diversity initiatives.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.6%
Tags
dividends
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News
Independent Bank Corp. CEO Jeffrey Tengel and CFO Mark J. Ruggiero to Participate in the 2023 Piper Sandler East Coast Financial Services Conference
Rhea-AI Summary
Independent Bank Corp. (NASDAQ: INDB) will participate in the 2023 Piper Sandler East Coast Financial Services Conference on November 16, 2023. Rockland Trust, the subsidiary of Independent Bank Corp., offers a wide range of banking, investment, and insurance services. The bank has a longstanding commitment to equity and inclusion and is deeply committed to the communities it serves.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.36%
Tags
conferences
News
Independent Bank Corp. Reports Third Quarter Net Income of $60.8 Million
Rhea-AI Summary
Independent Bank Corp. reports $60.8 million net income for Q3 2023, with a slight decrease from the previous quarter. Total assets remain consistent at $19.4 billion. The company announces a new stock repurchase plan of up to $100 million. Net interest income decreases by 1.7% to $149.9 million. Noninterest income increases by 9.1% to $33.5 million. Noninterest expense increases by 2.3% to $97.8 million. Asset quality improves as nonperforming loans decrease by 14.3%.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.22%
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Stock INDB logo
Independent Bank Corp.

Nasdaq:INDB

INDB Rankings

#1784 Ranked by Market Cap
#4536 Ranked by Stock Gains
#769 Ranked by Dividends

INDB Stock Data

2.06B
41.85M
1.13%
85.43%
1.7%
Commercial Banking
Finance and Insurance
Link
US
Rockland

About INDB

about rockland trust company independent bank corp. has approximately $7.1 billion in assets and is the holding company for rockland trust company, a full-service commercial bank headquartered in massachusetts. rockland trust offers a wide range of banking, investment, and insurance services to businesses and individuals through retail branches, commercial lending offices,investment management offices, and residential lending centers in eastern massachusetts and rhode island as well as through telephone banking, mobile banking, and the internet. rockland trust is an fdic member and an equal housing lender. to learn why rockland trust is the bank “where each relationship matters®,” please visit www.rocklandtrust.com. member fdic - equal housing lender.