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Companies / Financials / INDEPENDENT BANK CORP
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INDEPENDENT BANK CORP

FinancialsBanks & Brokers
Ticker INDBROCKLAND, MAFiscal year ends DecemberBook value per share $72.37Diluted shares 48.5M

Independent Bank Corp. (NASDAQ: INBC) is a state-chartered, federally registered bank holding company headquartered in Rockland, Massachusetts. The company operates through its sole subsidiary, Rockland Trust Company, a Massachusetts trust company chartered in 1907. More information about the company is available at… From the company’s description.

Fiscal year 2025 · ends 12-31Changes are against fiscal 2024The amber dot is the latest twelve months, to 2026-06-30
Sales & profitability
$857.52M
+24.3% year over year
Last 12 mo $1.00B
30.57%
−5.3 percentage points
Last 12 mo 34.90%
$205.12M
+6.8% year over year
Last 12 mo $271.35M
5.75%
−0.7 percentage points
Last 12 mo 7.73%
Cash & financing
$251.16M
+9.2% year over year
Last 12 mo $321.72M
$239.03M
+14.1% year over year
Last 12 mo $303.80M
5.88
Was 5.35× a year earlier
Last 12 mo 0.20
46.2M
+8.7% year over year
Last 12 mo 48.5M

Margins and return on equity change in ; everything else in percent. Fewer shares and less debt are shown plainly, not as bad news — it depends what you make of buybacks. Dotted labels explain each measure. is shown separately from the annual figures.

What INDEPENDENT BANK CORP does

In the company’s own words

Independent Bank Corp. (NASDAQ: INBC) is a state-chartered, federally registered bank holding company headquartered in Rockland, Massachusetts. The company operates through its sole subsidiary, Rockland Trust Company, a Massachusetts trust company chartered in 1907. More information about the company is available at www.rocklandtrust.com.

Rockland Trust provides a comprehensive range of banking, investment, and financial services to consumers and businesses throughout Eastern Massachusetts, Worcester County, southern New Hampshire, and Rhode Island. The bank operates over 150 retail branch locations supplemented by a network of commercial and residential lending centers and investment management offices. The company also offers a full suite of digital banking services including mobile banking, online banking, and telephone banking capabilities.

As of December 31, 2025, Independent Bank Corp. had total assets of $24.9 billion, total deposits of $20.1 billion, and stockholders' equity of $3.6 billion. The company's loan portfolio totaled $18.5 billion, representing 74.3 percent of total assets. The loan portfolio is diversified across commercial loans, which comprise approximately 76 percent of average loans, consumer real estate loans at approximately 24 percent, and other consumer loans at less than one percent.

The company's commercial lending activities include commercial real estate loans, commercial construction loans, and commercial and industrial loans to small-to-upper middle market businesses. Consumer lending focuses on residential mortgages, home equity loans and lines of credit, and other consumer loans. The bank's primary funding source is deposits gathered through its branch network, supplemented by borrowings and loan amortization.

Rockland Trust employed 2,294 colleagues as of December 31, 2025, with the largest business units being Retail, Commercial, and Operations. The company has been recognized as one of the Boston Globe's Top Places to Work for 17 consecutive years and maintains a 100 percent score on the Human Rights Campaign's Corporate Equality Index since 2016. In July 2025, Independent Bank Corp. completed the acquisition of Enterprise Bancorp, Inc., expanding its market presence and customer base.

Company details
Sector
Financials
Industry
Banks & Brokers
Headquarters
ROCKLAND, MA
Fiscal year end
December
CIK
776901
SIC
6022

Financial performance, year by year

Fiscal 2013–2025 · USD
$-100.37M$200.74M$501.86M$802.97M$1.10B2013201420152016201720182019202020212022202320242025Last 12 moLast 12 monthsLast 12 months

The full income statement, balance sheet and cash flow for each of these years — every figure traceable to its filing — is on the Financials tab with a free account.

Ownership

Who owns INDEPENDENT BANK CORP — and what changed

Funds as of 2026Q2 · superinvestors as of 2026-06-30

304
funds hold it
0 of 35
superinvestors hold it
$1.72B
held by funds, at market
44.5%
of shares held by funds
1
bond issues held by funds

Largest fund holders · INDEPENDENT BANK CORP’s weight in each

iShares Core S&P Small-Cap ETF
IJR · iShares Trust
0.22%of fund net assets
VANGUARD TOTAL STOCK MARKET INDEX FUND
VTI · VANGUARD INDEX FUNDS
0.01%of fund net assets
iShares Russell 2000 ETF
IWM · iShares Trust
0.13%of fund net assets
VANGUARD SMALL-CAP INDEX FUND
VB · VANGUARD INDEX FUNDS
0.05%of fund net assets
VANGUARD SMALL-CAP VALUE INDEX FUND
VBR · VANGUARD INDEX FUNDS
0.09%of fund net assets

Fund ownership is a floor, not a census — pensions, insurers and people holding shares directly are not visible here.

INDEPENDENT BANK CORP’s bonds, as funds hold them

Funds report holding 1 issues of INDEPENDENT BANK CORP’s debt, $32.71M at market value — what funds hold, not the company’s total debt. Weighted-average coupon 7.25%, maturing 2035 to 2035.

Fund ownership counts N-PORT filers only, so it is a floor rather than a census — pensions, insurers and direct holders are not visible here, and the remainder is not “held by individuals”.

Every fund and institutional holder, quarter by quarter, is on the Ownership tab with a free account.

Connected research

Put this business in context.

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  • “How do INDEPENDENT BANK CORP and its peers compare on margins and cash generation over ten years?”
  • “Where did five years of INDEPENDENT BANK CORP's earnings go — cash, debt, buybacks, reinvestment?”
  • “What changed in INDEPENDENT BANK CORP's last four quarterly filings that the numbers alone won't show?”
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