Independent Bank CorpINDB
What Independent Bank Corp does.
Independent Bank Corp. (the “Company”) is a state chartered, federally registered bank holding company headquartered in Rockland, Massachusetts that was incorporated under Massachusetts law in 1985. The Company is the sole stockholder of Rockland Trust Company (“Rockland Trust” or the “Bank”), a Massachusetts trust company chartered in 1907. The Bank provides a wide range of banking, investment and financial services, operating with over 150 retail branches, as well as a network of commercial and residential lending centers, and investment management offices primarily in Eastern Massachusetts, as well as in Worcester County, southern New Hampshire, and Rhode Island. Rockland Trust also offers a full suite of mobile, online, and telephone banking services. At December 31, 2025, the Company had total assets of $24.9 billion, total deposits of $20.1 billion, and stockholders’ equity of $3.6 billion.
On July 1, 2025, the Company completed the acquisition of Enterprise Bancorp, Inc. (“Enterprise”). For each share of Enterprise common stock, Enterprise stockholders had the right to receive 0.60 shares of the Company’s common stock and $2.00 in cash, with cash paid in lieu of fractional shares. Total consideration was $503.1 million and consisted of $477.2 million of equity (7,478,906 shares) of the Company’s common stock, plus $25.9 million in cash, including cash paid for stock option cancellations and fractional shares. The transaction qualified as a tax-free reorganization for federal income tax purposes and provided a tax-free exchange for Enterprise stockholders for the portion of the transaction consideration consisting of the Company’s common stock.
Revenue and profit, by fiscal year.
| Fiscal year | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| Revenue | $479.2M | $507.4M | $727.9M | $731.1M | $689.7M | $857.5M |
| Net income | $121.2M | $121.0M | $263.8M | $239.5M | $192.1M | $205.1M |
| Free cash flow | $52.0M | $165.0M | $399.1M | $261.1M | $209.5M | $239.0M |
More on INDB.
- Independent Bank Corp summary
- Independent Bank Corp financial statements
- Independent Bank Corp key metrics
- Independent Bank Corp health scores and style box
- Independent Bank Corp earnings
- Independent Bank Corp dividends
- Independent Bank Corp valuation
- Independent Bank Corp ownership and insiders
- Independent Bank Corp peers
Figures from Independent Bank Corp's filings with the U.S. SEC, standardised automatically; prices are end-of-day closes. Not financial advice.