Overview
Independent Bank is a state-chartered, federally-registered bank holding company. Its banking subsidiary, Rockland Trust, is a full-service commercial bank that provides a wide range of banking, investment, insurance, and financial services to individuals and businesses. It operates more than 120 retail branches and a network of commercial and residential lending centers and investment management offices primarily in Eastern Massachusetts, Worcester
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Read More County, and Rhode Island. Rockland Trust also offers a full suite of mobile, online, and telephone banking services. The company has total assets of about $19.3 billion and total deposits of about $14.9 billion.
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Read More County, and Rhode Island. Rockland Trust also offers a full suite of mobile, online, and telephone banking services. The company has total assets of about $19.3 billion and total deposits of about $14.9 billion.
Read Less
Christopher Oddleifson
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Depository Credit Intermediation
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Credit Intermediation and Related Activities
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Finance and Insurance
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State trust companies accepting deposits, commercial
Activities Related to Credit Intermediation
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Agencies, Brokerages, and Other Insurance Related Activities
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Insurance Carriers
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Insurance and Employee Benefit Funds
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Monetary Authorities-Central Bank
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Nondepository Credit Intermediation
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Other Financial Investment Activities
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Other Investment Pools and Funds
View more , Securities and Commodity Contracts Intermediation and Brokerage Securities and Commodity Exchanges
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View more , Securities and Commodity Contracts Intermediation and Brokerage Securities and Commodity Exchanges
View fewer
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Actual
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Actual
$980.77 million
Actual
-5.4%
-19.8%
$19,373
DEC
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NASDAQ:INDB
Contacts
Get in Touch with 5 Principals* and 220 Contacts
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Christopher OddleifsonPresident and Chief Executive Officer
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Contact 2?
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Contact 3?
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Contact 4?
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Financial Statements
Dun & Bradstreet collects private company financials for more than 23 million companies worldwide. Find out more.
Financial data as of December 31, 2024 (12 month period) in USD
Annual Revenue 2024
$980.77 million
USD
Actual
All financial statement data is in millions except per share data | Source: Morningstar
| Cash Flow (mil) | 2024 | 2023 | 2022 |
|---|---|---|---|
| Net Operating Cash | $230 | $277 | $421 |
| Net Investing Cash | -$33 | -$212 | -$1,000 |
| Net Financing Cash | -$201 | -$194 | -$1,308 |
| Net Change in Cash | -$4 | -$129 | -$1,888 |
| Cash at Beginning of Period | $224 | $353 | $2,241 |
| Cash at End of Period | $220 | $224 | $353 |
| Capital Expenditure | -$20 | -$16 | -$22 |
| Assets (mil) | 2024 | 2023 | 2022 |
|---|---|---|---|
| Current Assets | |||
| Cash and Cash Equivalents | $220 | $224 | $353 |
| Accounts Receivable | $ | $ | $ |
| Inventories | $ | $ | $ |
| Other Current Assets | $ | $ | $ |
| Asset Summary | |||
| Total Current Assets | $ | $ | $ |
| Tangible Fixed Assets | $193 | $193 | $197 |
| Intangible Assets | $12 | $18 | $25 |
| Total Assets | $19,374 | $19,347 | $19,294 |
| Liabilities (mil) | 2024 | 2023 | 2022 |
|---|---|---|---|
| Current Liabilities | |||
| Accounts Payable | $ | $ | $ |
| Short-Term Debt | $ | $ | $ |
| Other Current Liabilities | $ | $ | $ |
| Liability Summary | |||
| Total Current Liabilities | $ | $ | $ |
| Long-Term Debt | $701 | $1,218 | $113 |
| Other Long-Term Liabilities | $ | $ | $ |
| Total Liabilities | $16,380 | $16,452 | $16,407 |
| Stakeholder's Equity (mil) | 2024 | 2023 | 2022 |
|---|---|---|---|
| Equity | |||
| Common Stock | $0 | $0 | $0 |
| Retained Earnings | $1,173 | $1,077 | $934 |
| Equity Summary | |||
| Total Equity | $2,993 | $2,895 | $2,887 |
| Shares Outstanding | 42,422,523 | 42,873,187 | 45,641,238 |