Independent Bank Corp. Announces Increase In Quarterly Dividend From $0.55 To $0.57 Per Share

3/21/24 4:25:06 PM ET

Major Banks

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The Board of Directors of Independent Bank Corp. (Nasdaq Global Select Market: INDB), parent of Rockland Trust Company, today announced a $0.57 per share dividend, representing a $0.02 increase from the prior quarter. The dividend will be payable on April 5, 2024, to stockholders of record as of the close of business on April 1, 2024.

"The 4% increase in our dividend is a reflection of the Company's strong capital and long term value creation for our shareholders," stated Jeffrey Tengel, Chief Executive Officer of Independent Bank Corp.

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Recent Analyst Ratings for
$INDB

Date	Price Target	Rating	Analyst
10/21/2024	$74.00	Mkt Perform → Strong Buy	Raymond James
7/22/2024	$65.00	Neutral → Buy	Seaport Research Partners
10/23/2023		Sell → Neutral	Seaport Research Partners
9/12/2023	$45.00	Sell	Seaport Research Partners
12/21/2022		Mkt Perform	Raymond James
12/13/2022	$100.00	Outperform → Mkt Perform	Keefe Bruyette
10/25/2021	$82.00 → $88.00	Overweight → Neutral	Piper Sandler

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Financials

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Independent Bank Corp. Reports Third Quarter Net Income of $42.9 Million
Results marked by higher revenues, increased credit provision, and deposit growth Independent Bank Corp. (Nasdaq Global Select Market: INDB), parent of Rockland Trust Company, today announced 2024 third quarter net income of $42.9 million, or $1.01 per diluted share, compared to 2024 second quarter net income of $51.3 million, or $1.21 per diluted share. The decline in net income was largely attributable to an increase in the Company's loan loss provision compared to the prior quarter, partially mitigated by higher revenue levels. The increased loan loss provision was primarily attributable to a reserve allocation associated with one commercial real estate loan, while total levels of criti
10/17/24 4:15:00 PM ET
$INDB
Major Banks
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Independent Bank Corp.'s Announcement of Date of Third Quarter Conference Call
Independent Bank Corp. (Nasdaq Global Select Market: INDB), parent of Rockland Trust Company, will host its quarterly conference call to discuss third quarter results on Friday, October 18, 2024, at 10:00 AM Eastern Time. Telephonic access will be available by dial-in at 888-336-7153 reference: INDB. Participants may also choose to pre-register for the conference by navigating to https://dpregister.com/sreg/10191403/fd2e3a95ee, which will provide a unique PIN to the participant which allows immediate access to the call. A replay of the call will be available by calling 877-344-7529, Replay Conference Number: 8729400 which will be available through October 25, 2024. Internet access to the c
10/7/24 4:10:00 PM ET
$INDB
Major Banks
Finance
Independent Bank Corp. Announces Quarterly Dividend
The Board of Directors of Independent Bank Corp. (Nasdaq Global Select Market: INDB), parent of Rockland Trust Company, today announced a $0.57 per share dividend. The dividend will be payable on October 4, 2024, to stockholders of record as of the close of business on September 30, 2024. Independent Bank Corp. (NASDAQ Global Select Market: INDB) is the holding company for Rockland Trust Company, a full-service commercial bank headquartered in Massachusetts. With retail branches in Eastern Massachusetts and Worcester County as well as commercial banking and investment management offices in Massachusetts and Rhode Island, Rockland Trust offers a wide range of banking, investment, and insura
9/19/24 4:10:00 PM ET
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Independent Bank Corp. Reports Third Quarter Net Income of $42.9 Million
Results marked by higher revenues, increased credit provision, and deposit growth Independent Bank Corp. (Nasdaq Global Select Market: INDB), parent of Rockland Trust Company, today announced 2024 third quarter net income of $42.9 million, or $1.01 per diluted share, compared to 2024 second quarter net income of $51.3 million, or $1.21 per diluted share. The decline in net income was largely attributable to an increase in the Company's loan loss provision compared to the prior quarter, partially mitigated by higher revenue levels. The increased loan loss provision was primarily attributable to a reserve allocation associated with one commercial real estate loan, while total levels of criti
10/17/24 4:15:00 PM ET
$INDB
Major Banks
Finance
Independent Bank Corp.'s Announcement of Date of Third Quarter Conference Call
Independent Bank Corp. (Nasdaq Global Select Market: INDB), parent of Rockland Trust Company, will host its quarterly conference call to discuss third quarter results on Friday, October 18, 2024, at 10:00 AM Eastern Time. Telephonic access will be available by dial-in at 888-336-7153 reference: INDB. Participants may also choose to pre-register for the conference by navigating to https://dpregister.com/sreg/10191403/fd2e3a95ee, which will provide a unique PIN to the participant which allows immediate access to the call. A replay of the call will be available by calling 877-344-7529, Replay Conference Number: 8729400 which will be available through October 25, 2024. Internet access to the c
10/7/24 4:10:00 PM ET
$INDB
Major Banks
Finance
Independent Bank Corp. Announces Quarterly Dividend
The Board of Directors of Independent Bank Corp. (Nasdaq Global Select Market: INDB), parent of Rockland Trust Company, today announced a $0.57 per share dividend. The dividend will be payable on October 4, 2024, to stockholders of record as of the close of business on September 30, 2024. Independent Bank Corp. (NASDAQ Global Select Market: INDB) is the holding company for Rockland Trust Company, a full-service commercial bank headquartered in Massachusetts. With retail branches in Eastern Massachusetts and Worcester County as well as commercial banking and investment management offices in Massachusetts and Rhode Island, Rockland Trust offers a wide range of banking, investment, and insura
9/19/24 4:10:00 PM ET
$INDB
Major Banks
Finance

Independent Bank Corp. Announces Increase In Quarterly Dividend From $0.55 To $0.57 Per Share

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Recent Analyst Ratings for $INDB

$INDB Financials

Live finance-specific insights

Independent Bank Corp. Reports Third Quarter Net Income of $42.9 Million

Independent Bank Corp.'s Announcement of Date of Third Quarter Conference Call

Independent Bank Corp. Announces Quarterly Dividend

$INDB Insider Purchases

Insider purchases reveal critical bullish sentiment about the company from key stakeholders. See them live in this feed.

Ruggiero Mark J bought $25,543 worth of shares (500 units at $51.09), increasing direct ownership by 3% to 16,032 units (SEC Form 4)

Tengel Jeffrey J bought $102,028 worth of shares (2,100 units at $48.58), increasing direct ownership by 10% to 24,048 units (SEC Form 4)

Powlus Lee C bought $24,294 worth of shares (512 units at $47.45) (SEC Form 4)

$INDB Insider Trading

Insider transactions reveal critical sentiment about the company from key stakeholders. See them live in this feed.

Miskell Eileen C sold $56,946 worth of shares (1,134 units at $50.22), decreasing direct ownership by 8% to 13,206 units (SEC Form 4)

Miskell Eileen C was granted 1,134 shares, increasing direct ownership by 9% to 14,340 units (SEC Form 4)

Smith Scott was granted 1,134 shares, increasing direct ownership by 29% to 5,070 units (SEC Form 4)

$INDB Large Ownership Changes

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$INDB Leadership Updates

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SEC Form SC 13G filed by Independent Bank Corp.

SEC Form SC 13G/A filed by Independent Bank Corp. (Amendment)

SEC Form SC 13G filed by Independent Bank Corp.

Rockland Trust Company and Independent Bank Corp. Appoint Jeffrey J. Tengel as Chief Executive Officer

Independent Bank Corp. and Rockland Trust Company Appoint Susan Perry O'Day to Board of Directors

$INDB Press Releases

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Independent Bank Corp. Reports Third Quarter Net Income of $42.9 Million

Independent Bank Corp.'s Announcement of Date of Third Quarter Conference Call

Independent Bank Corp. Announces Quarterly Dividend

$INDB Analyst Ratings

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Independent Bank upgraded by Raymond James with a new price target

Independent Bank upgraded by Seaport Research Partners with a new price target

Independent Bank upgraded by Seaport Research Partners

$INDB Market Insights

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Seaport Global Upgrades Independent Bank to Buy, Announces $65 Price Target

Independent Bank Q2 EPS $1.21 Beats $1.11 Estimate

Shares of several banks are trading higher amid continued volatility following earning reports from several companies within the sector reported last last week.

$INDB SEC Filings

Independent Bank Corp. filed SEC Form 8-K: Regulation FD Disclosure, Financial Statements and Exhibits

Independent Bank Corp. filed SEC Form 8-K: Results of Operations and Financial Condition, Regulation FD Disclosure, Financial Statements and Exhibits

Independent Bank Corp. filed SEC Form 8-K: Other Events, Financial Statements and Exhibits

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