Moody Aldrich Partners LLC completely sold its entire 35,228 share position in Chart Industries, valued at approximately $5.8 million, reducing its reportable assets to zero in Q3 2025.
Independent Bank Corp/MA (INDB)
Common Stock · Currency in USD · XNAS
Independent Bank Corp is a bank holding company and the sole shareholder of its bank, the Rockland Trust Company. Rockland is a community-oriented commercial bank. The bank provides a variety of banking, investment and financial services, operating with various retail branches, as well as a network of commercial and residential lending centers and investment management offices majorly in Eastern Massachusetts, Worcester County, and Rhode Island. The bank's loan portfolio constitutes the bulk of the bank's total assets. Its borrowers consist mostly of small to medium-size businesses and consumers, majority of which are made to its market area in eastern Massachusetts and Rhode Island. The bank's loan portfolio is predominantly in commercial loans.
Company Info
SIC6022
Composite FIGIBBG000BM0597
CIK0000776901
IPOJan 1, 1986
Sectorstate commercial banks
Highlights
Market Cap$3.73B
EPS$2.76
P/E Ratio27.21
Revenue$1.03B
Gross Profit$1.18B
Net Income$137.05M
Employees2,294
WSO48,572,237
Phone(781) 878-6100
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Analysis
Share Price Chart
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Independent Bank Corp/MA, comparing it to the performance of the S&P 500 index.
All prices have been adjusted for splits and dividends.
Returns By Period
Independent Bank Corp/MA (INDB) has returned 5.19% so far this year and 41.79% over the past 12 months. Looking at the last ten years, INDB has achieved an annualized return of 5.22%, underperforming the Benchmark (SPY), which averaged 12.23% per year.
INDB
1M-2.22%
6M10.78%
YTD5.19%
1Y41.79%
5Y-1.74%
10Y5.22%
Benchmark (SPY)
1M-3.85%
6M-2.35%
YTD-4.36%
1Y34.06%
5Y9.80%
10Y12.23%
Monthly Returns
The table below presents the monthly returns of Independent Bank Corp/MA (INDB) with color gradation from worst to best to easily spot seasonal factors.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 10.67% | -0.42% | -3.03% | 1.83% | ||||||||
| 2025 | 4.00% | 4.24% | -8.91% | -4.26% | 3.94% | 2.22% | 2.10% | 13.91% | -2.26% | -1.88% | 8.44% | 2.37% |
| 2024 | -13.87% | -7.97% | 0.48% | -4.25% | 0.30% | -1.34% | 28.02% | -0.64% | -5.32% | 6.65% | 14.13% | -11.50% |
| 2023 | -6.30% | 0.71% | -17.20% | -14.95% | -21.25% | 0.18% | 34.37% | -9.54% | -9.83% | -0.53% | 16.25% | 16.27% |
| 2022 | 2.80% | 2.66% | -4.32% | -6.27% | 7.69% | -4.63% | 6.16% | -5.94% | -4.58% | 15.46% | 3.68% | -6.28% |
| 2021 | 2.36% | 13.51% | -3.31% | -2.28% | -1.85% | -7.69% | -7.15% | 8.32% | -2.27% | 10.16% | -7.88% | 0.78% |
| 2020 | -13.84% | -6.60% | -4.59% | 18.64% | -2.63% | -4.16% | -4.16% | -3.47% | -16.02% | 9.92% | 16.60% | 5.92% |
| 2019 | 14.59% | 7.01% | -5.14% | -1.93% | -13.55% | 9.57% | 1.32% | -13.13% | 11.85% | 9.44% | 1.68% | -1.51% |
| 2018 | 1.86% | -2.60% | 3.25% | 1.12% | 8.44% | -1.26% | 13.48% | 2.59% | -9.18% | -5.49% | 1.73% | -12.98% |
| 2017 | -12.06% | 4.42% | -1.22% | -2.91% | -4.43% | 9.62% | 6.57% | -3.28% | 7.33% | -3.16% | -3.99% | |
| 2016 | 3.14% | 4.47% | -6.60% | 10.99% | 5.31% | 2.10% | 2.72% | 17.30% | 7.39% |
Performance Indicators
The charts below present risk-adjusted performance metrics for Independent Bank Corp/MA (INDB) and compare them to a Benchmark (SPY). These indicators evaluate an investment's returns against its associated risks.
Sharpe ratio
Sortino ratio
Omega ratio
Calmar ratio
Martin ratio
sharpe ratio
The Sharpe ratio helps investors understand how much return they're getting for the level of risk taken. A higher Sharpe ratio indicates better risk-adjusted performance, meaning more reward for each unit of risk.
These values reflect how efficiently the investment has delivered returns relative to its volatility over different time periods. All figures are annualized and based on daily total returns.
The chart below shows the rolling Sharpe ratio of INDB compared to the benchmark. This view highlights how the investment's risk-adjusted performance has changed over time.
Volatility Chart
The current Independent Bank Corp/MA volatility is 0.96%, representing the standart deviation of percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. It shows the maximum percentage drop from a peak to a trough over a specified period, indicating the risk of significant losses.
Although chart shows positive values, it represents the percentage drop from the peak, so a value of 10% means the portfolio has dropped 10% from its highest point.
Income Statement
The income statement provides a summary of a company's revenues, expenses, and profits over a specific period. It shows how much money the company earned (revenues) and how much it spent (expenses), leading to the net income or profit. This statement is crucial for understanding a company's financial performance and profitability.
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Liabilities And Equity (USD) | 24.91B | 19.37B | 19.35B | 19.29B | 20.42B | 13.20B | 11.40B | 8.85B | 8.08B | 7.71B | 7.21B | 6.36B | 6.10B | 5.76B | 4.97B |
| Equity Attributable To Parent (USD) | 3.57B | 2.99B | 2.90B | 2.89B | 3.02B | 1.70B | 1.71B | 1.07B | 943.81M | 864.69M | 771.46M | 640.53M | 591.54M | 529.32M | 469.06M |
| Equity Attributable To Noncontrolling Interest (USD) | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Equity (USD) | 3.57B | 2.99B | 2.90B | 2.89B | 3.02B | 1.70B | 1.71B | 1.07B | 943.81M | 864.69M | 771.46M | 640.53M | 591.54M | 529.32M | 469.06M |
| Commitments and Contingencies (USD) | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Long-term Debt (USD) | - | - | - | - | - | - | 74.91M | 111.29M | 108.20M | - | - | - | - | - | - |
| Noncurrent Liabilities (USD) | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Current Liabilities (USD) | 21.35B | 16.38B | 16.45B | 16.41B | 17.40B | 11.50B | 9.69B | 7.78B | 7.14B | 6.84B | 6.44B | 5.72B | 5.51B | 5.23B | 4.50B |
| Liabilities (USD) | 21.35B | 16.38B | 16.45B | 16.41B | 17.40B | 11.50B | 9.69B | 7.78B | 7.14B | 6.84B | 6.44B | 5.72B | 5.51B | 5.23B | 4.50B |
| Intangible Assets (USD) | 133.58M | 12.28M | 18.19M | 25.07M | 32.77M | 23.11M | 29.29M | 15.25M | 9.34M | 9.85M | 11.83M | 9.89M | 12.22M | 11.75M | - |
| Fixed Assets (USD) | 218.19M | 193.32M | 193.05M | 196.50M | 195.59M | 116.39M | 123.67M | 97.58M | 94.72M | 78.48M | 75.66M | 64.07M | 64.95M | 55.23M | 48.25M |
| Noncurrent Assets (USD) | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Current Assets (USD) | 24.91B | 19.37B | 19.35B | 19.29B | 20.42B | 13.20B | 11.40B | 8.85B | 8.08B | 7.71B | 7.21B | 6.36B | 6.10B | 5.76B | 4.97B |
| Assets (USD) | 24.91B | 19.37B | 19.35B | 19.29B | 20.42B | 13.20B | 11.40B | 8.85B | 8.08B | 7.71B | 7.21B | 6.36B | 6.10B | 5.76B | 4.97B |
News and Insights
Moody Aldrich Partners LLC completely sold its entire 53,211 share position in Palomar Holdings for an estimated $8.21 million during Q3 2025, reducing its stake to zero, likely as part of routine portfolio rebalancing.
The headline numbers for Independent Bank Corp. (INDB) give insight into how the company performed in the quarter ended March 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
Independent Bank Corp. (INDB) delivered earnings and revenue surprises of -2.61% and 2.57%, respectively, for the quarter ended March 2024. Do the numbers hold clues to what lies ahead for the stock?
HarborOne Bancorp (HONE) hikes quarterly cash dividend by 6.7% to 8 cents per share. A strong balance sheet and decent liquidity are likely to sustain the company's capital distribution plans.
Independent Bank, Northeast Community Bancorp, STMicroelectronics, Commercial Metals and JPMorgan Chase are included in this Analyst Blog.
Investors may keep a tab on stocks like INDB, NECB, STM, CMC and JPM, which have lately hiked their dividend payments.
NorthEast Community Bancorp (NECB) rewards shareholders with a 66.7% increase in quarterly cash dividend. This, along with the share repurchase plan, will keep enhancing shareholder value.
Independent Bank Corp (INDB) increases its quarterly dividend by 3.6% to 57 cents per share. A strong balance sheet and decent liquidity are likely to keep the capital distribution plans sustainable.
Regional banks overloading on commercial real estate (CRE) loans are in regulator cross-hairs. SA’s Quant Team has identified 3 stocks on the list to sell.