Independent Bank Corp. (INDB)

Independent Bank Corp. reported Q1 2025 net income of $44.4 million and increased its quarterly dividend by 4% on March 20, 2025. The acquisition of Enterprise Bancorp, Inc. was completed on July 1, 2025. Dividends of $0.59 per share were announced on June 18, 2025. The company reported Q2 2025 net income of $51.1 million and Q3 2025 net income of $34.3 million, which was impacted by merger-related costs. A $150 million stock repurchase plan was executed, and Keefe, Bruyette & Woods upgraded Independent Bank on October 10, 2025.

The banking industry, including Independent Bank Corp., experiences seasonal trends in loan demand, with peaks in the spring and summer and lows in December, January, and February. Investment services see increased demand in December and early January due to portfolio rebalancing and tax planning.

Independent Bank Corp. operates in the financial services sector as the holding company for Rockland Trust Company, focusing on traditional community banking. It offers a range of financial products and services, including checking and savings accounts, loans, wealth management, and specialized banking services.

Independent Bank Corp. primarily serves Eastern Massachusetts, Worcester County, Southern New Hampshire, and Rhode Island, operating retail branches and commercial banking and investment management offices within these regions.

Independent Bank Corp. and Rockland Trust Company have maintained a positive brand reputation. Rockland Trust was recognized as a "Top Place to Work" by The Boston Globe for 14 consecutive years as of 2022, and Independent Bank Corp. was ranked #5 in S&P Global Market Intelligence's list of 2022 Top 50 Public Banks. Strategic acquisitions contribute to its market standing.

Independent Bank Corp. is publicly traded with ownership dispersed among institutional and individual shareholders, including BlackRock, Inc. and Vanguard Group Inc. Recent insider trading activity indicates insider selling of shares.