Independent Bank Corp. (INDB)

From the record

Independent Bank Corp.'s filings since 2017 show no warning events in the scan: no bankruptcy or receivership notice, no debt default notice, no exchange listing notice, no restatement warning, no auditor change, no material cyber incident and no late-report notice (its current reports).

From the record

Independent Bank Corp.'s 10 filed years say what it did: revenue went from $247 million in fiscal 2016 to $1.0 billion in fiscal 2025, up 17.1% a year; it rose in 8 of 9 years; the deepest fall was 10% from fiscal 2019 to fiscal 2020; net income was positive in 10 of 10 of those years (its annual reports).

From the record

Over the 3 fiscal years to 2025-12-31, Independent Bank Corp.'s diluted share count shrank about 0.1% a year, and dividends and buybacks returned about 76% of its operating cash flow over 3 years (its filed statements). Its officers and directors filed 10 sales and 0 purchases of their own stock on the open market in the year to 2026-09-30 (their Form 4 filings).

From the record

Return on equity: in the fiscal year ended 2025-12-31, Independent Bank Corp. earned about 6 cents of profit for every dollar of shareholders' money. Leverage: it owed about 86 cents per dollar of assets, and net share issuance: its share count grew 8.7% over the year (the filed statements).

From the record

Independent Bank Corp.'s standing among 155 graded names in its industry family: revenue of $1.0 billion in fiscal 2025 ranks in the top 21% by size; a net margin of 20.1% ranks in the bottom 45%; revenue growth of 16.7% a year over the last 3 filed years ranks in the bottom 45% (its annual reports).

From the record

Independent Bank Corp.'s leadership, from its insiders' filings and its current reports: the chief executive on the record is Tengel, Jeffrey J (Chief Executive Officer, as filed), filing under that title since 2023-02-15, 3.7 years (bottom 21% of its family); the 24 officers and directors filing in the last fifteen months have been on the record a median of 5.5 years (bottom 24%); 6 officer or director changes were reported on Form 8-K since 2023-11-13, against the 24 people in charge now (top 38%; fewer changes for each person reads higher) (the Form 4 record, its Form 8-K reports). Years count from a person's first filing in the SEC's data sets, which begin in 2006, so each is a floor.

From the record

Independent Bank Corp.'s room to grow, from the newest filed statements (fiscal 2025): cash of $772 million against debt of $359 million leaves 1.7% of its assets as net cash, bottom 32% of its family; cash from operations less capital spending is 23.4% of revenue (top 50%) (its annual report).

From the record

Independent Bank Corp.'s growth drivers, from the filed years to fiscal 2025: revenue grew 16.7% a year over the last three filed years against 17.1% over all 10, slowing (bottom 23% of its family); the newest year grew 19.9% (top 9%); capital spending grew -18.1% a year (bottom 19%) (its annual reports). Independent Bank Corp. tags no split of its revenue by line in the annual report on file, so growth by line cannot be read here; research and capital spending are on the trend.

From the record

Independent Bank Corp.'s newest year against its own record: revenue of $1.0 billion in fiscal 2025 came in 4.1% above the $982 million its prior three years' pace pointed to (top 10% of its family); net income of $205 million against a prior three-year average of $232 million (bottom 15%); a net margin of 20.1% against 31.2% before (bottom 12%) (its annual reports).