Independent Bk Corp Mass - INDB STOCK NEWS

Independent Bank Corp. (Nasdaq: INDB), the parent company of Rockland Trust Company, has declared a quarterly dividend of $0.57 per share. The dividend will be paid on October 4, 2024, to stockholders of record as of the close of business on September 30, 2024.

Rockland Trust Company is a full-service commercial bank headquartered in Massachusetts, offering a wide range of banking, investment, and insurance services. The bank operates retail branches in Eastern Massachusetts and Worcester County, as well as commercial banking and investment management offices in Massachusetts and Rhode Island. Rockland Trust provides mobile, online, and telephone banking services, and is an FDIC member and Equal Housing Lender.

Independent Bank Corp. (INDB) reported Q2 2024 net income of $51.3 million, or $1.21 per diluted share, up from $47.8 million in Q1. The company saw positive momentum across core financial components, with total assets increasing 0.4% to $19.4 billion. Loans grew by 0.5% to $14.4 billion, driven by commercial and industrial portfolios. Deposits rose 2.4% to $15.4 billion, with growth across all segments. The net interest margin improved slightly to 3.25%, while noninterest income increased by 8.0%. Asset quality remained stable, with the allowance for credit losses at 1.05% of total loans. The company's book value per share increased to $68.74, and tangible book value per share rose to $45.19.

Independent Bank Corp. (Nasdaq: INDB), the parent company of Rockland Trust, has announced its second-quarter earnings conference call will be held on July 19, 2024, at 10:00 AM Eastern Time. The call can be accessed by dialing 888-336-7153 with the reference code INDB. Pre-registration for the conference is available online, offering a unique PIN for immediate access. A replay of the call will be accessible until July 26, 2024, via 877-344-7529 with replay conference number 3664959. The webcast will be available on the company's website until July 19, 2025. Independent Bank Corp. provides a variety of banking, investment, and insurance services through their retail branches and offices across Massachusetts and Rhode Island, and they offer extensive mobile and online banking services.

Independent Bank Corp. (NASDAQ: INDB), the parent company of Rockland Trust, announced a quarterly cash dividend of $0.57 per share. The dividend is scheduled to be paid on July 8, 2024, to shareholders who are recorded by the close of business on July 1, 2024. Rockland Trust offers a wide range of banking, investment, and insurance services across Massachusetts and Rhode Island. The bank also provides mobile, online, and telephone banking services, ensuring convenient access for customers. Rockland Trust is an FDIC member and an Equal Housing Lender.