INDB Stock - Independent Bank Corp.
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Financial Statements
| Metric | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|
| Revenue | $974.14M | $911.33M | $749.84M | $515.98M | $507.42M |
| Gross Profit | $646.86M | $698.88M | $713.75M | $484.06M | $420.58M |
| Gross Margin | 66.4% | 76.7% | 95.2% | 93.8% | 82.9% |
| Operating Income | $247.13M | $315.13M | $347.75M | $156.68M | $152.84M |
| Net Income | $192.08M | $239.50M | $263.81M | $120.99M | $121.17M |
| Net Margin | 19.7% | 26.3% | 35.2% | 23.4% | 23.9% |
| EPS | $4.52 | $5.42 | $5.69 | $3.47 | $3.64 |
Independent Bank Corp. operates as the bank holding company for Rockland Trust Company that provides commercial banking products and services to individuals and small-to-medium sized businesses primarily in Massachusetts. The company accepts interest checking, money market, and savings accounts, as well as demand deposits and time certificates of deposit. It also offers commercial and industrial, commercial real estate and construction, small business, consumer real estate, and personal loans. In addition, the company provides investment management and trust services to individuals, institutions, small businesses, and charitable institutions; Internet and mobile banking services, as well as estate settlement, financial planning, tax services, and other services; automated teller machine and debit cards; and mutual fund and unit investment trust shares, general securities, fixed and variable annuities, and life insurance products. As of December 31, 2021, it operates one hundred nineteen retail branches, two limited-service retail branches, and one mobile branch located within Barnstable, Bristol, Dukes, Essex, Middlesex, Nantucket, Norfolk, Plymouth, Suffolk, and Worcester counties in Eastern Massachusetts. The company was founded in 1907 and is headquartered in Rockland, Massachusetts.
Visit WebsiteRating Distribution
Price Targets
Recent Analyst Actions
| Date | Firm | Action | Rating | Price Target |
|---|---|---|---|---|
| December 17th 2025 | Barclays | Initiation | Equal Weight | $80 |
| October 21st 2025 | Keefe Bruyette | Upgrade | Outperform | $83 |
| October 21st 2024 | Raymond James | Upgrade | Strong Buy | $74 |
| July 22nd 2024 | Seaport Research Partners | Upgrade | Buy | $65 |
| October 23rd 2023 | Seaport Research Partners | Upgrade | Neutral | - |
| September 12th 2023 | Seaport Research Partners | Initiation | Sell | $45 |
| December 21st 2022 | Raymond James | Initiation | Market Perform | - |
| December 13th 2022 | Keefe Bruyette | Downgrade | Market Perform | $100 |
Earnings History & Surprises
INDBEPS Surprise History
Quarterly EPS Details
| Period | Report Date | Estimated EPS | Actual EPS | Surprise | Result |
|---|---|---|---|---|---|
Q2 2026 | Apr 15, 2026 | — | — | — | — |
Q1 2026 | Jan 15, 2026 | $1.65 | — | — | — |
Q4 2025 | Oct 16, 2025 | $1.54 | $1.55 | +0.6% | ✓ BEAT |
Q3 2025 | Jul 17, 2025 | $1.20 | $1.25 | +4.2% | ✓ BEAT |
Q2 2025 | Apr 17, 2025 | $1.17 | $1.06 | -9.4% | ✗ MISS |
Q1 2025 | Jan 16, 2025 | $1.16 | $1.21 | +4.3% | ✓ BEAT |
Q4 2024 | Oct 17, 2024 | $1.06 | $1.01 | -4.7% | ✗ MISS |
Q3 2024 | Jul 18, 2024 | $1.12 | $1.21 | +8.0% | ✓ BEAT |
Q2 2024 | Apr 18, 2024 | $1.15 | $1.12 | -2.6% | ✗ MISS |
Q1 2024 | Jan 18, 2024 | $1.24 | $1.26 | +1.6% | ✓ BEAT |
Q4 2023 | Oct 19, 2023 | $1.33 | $1.38 | +3.8% | ✓ BEAT |
Q3 2023 | Jul 20, 2023 | $1.36 | $1.42 | +4.4% | ✓ BEAT |
Q2 2023 | Apr 20, 2023 | $1.54 | $1.36 | -11.7% | ✗ MISS |
Q1 2023 | Jan 19, 2023 | $1.65 | $1.69 | +2.4% | ✓ BEAT |
Q4 2022 | Oct 20, 2022 | $1.42 | $1.57 | +10.6% | ✓ BEAT |
Q3 2022 | Jul 21, 2022 | $1.26 | $1.32 | +4.8% | ✓ BEAT |
Q2 2022 | Apr 21, 2022 | $1.26 | $1.23 | -2.4% | ✗ MISS |
Q1 2022 | Jan 20, 2022 | $1.03 | $1.63 | +58.3% | ✓ BEAT |
Q4 2021 | Oct 21, 2021 | $1.02 | $1.21 | +18.6% | ✓ BEAT |
Q3 2021 | Jul 22, 2021 | $1.08 | $1.17 | +8.3% | ✓ BEAT |
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