Independent Bank Corp. logo INDB - Independent Bank Corp.

Price: -- -- | CONSENSUS: Hold DETAILS
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| PRICE TARGET: $93.33 DETAILS
HIGH: $97.00
LOW: $88.00
MEDIAN: $95.00
CONSENSUS: $93.33
UPSIDE: 13.44%

About Independent Bank Corp. (https://www.rocklandtrust.com)

Independent Bank Corp. functions as the parent company for Rockland Trust Company, delivering a wide array of commercial banking products and services. Its clientele primarily consists of private individuals and small to mid-sized businesses, largely within Massachusetts. The institution offers diverse deposit options, including interest-bearing checking, money market, and savings accounts, in addition to demand deposits and time certificates of deposit. Its extensive lending portfolio covers commercial and industrial loans, commercial real estate and construction financing, small business loans, consumer real estate loans, and personal loans. Beyond core banking, the company provides wealth management and fiduciary services for a broad spectrum of clients, from private individuals and institutions to small businesses and charitable organizations. It also offers digital banking solutions (online and mobile), estate planning, financial advisory, and tax assistance. Customers have access to ATM and debit card services, alongside various investment products such as mutual funds, unit investment trusts, general securities, fixed and variable annuities, and life insurance. As of December 31, 2021, Independent Bank Corp. maintained a substantial physical presence, operating 119 retail branches, two limited-service retail branches, and one mobile branch. These facilities are strategically located across Eastern Massachusetts, encompassing Barnstable, Bristol, Dukes, Essex, Middlesex, Nantucket, Norfolk, Plymouth, Suffolk, and Worcester counties. Established in 1907, the company is headquartered in Rockland, Massachusetts.

Key Executives

NAME TITLE DOB SALARY
Jeffrey J. Tengel President, Chief Executive Officer & Director 1963 $2,512,644 USD
Mark J. Ruggiero Chief Financial Officer 1977 $1,274,985 USD
Lee C. Powlus Executive VP & Chief Administrative Officer of Rockland Trust Company 1961 $877,039 USD
Patricia Natale Executive Vice President, General Counsel & Corporate Secretary 1966 $850,351 USD
James Rizzo Executive Vice President & Chief Commercial Banking Officer of Rockland Trust Company 1963 $841,581 USD
Maria S. Harris Executive Vice President & Chief Human Resource Officer of Rockland Trust Company 1971 $611,876 USD
Alastair Ironside Executive Vice President & Chief Marketing Officer
David Byron Smith Executive Vice President & Chief Investment Officer
Kathryn O'malley Executive Vice President & Chief Credit Officer of Rockland Trust Company 1963
Margaret McCarthy Executive Vice President & Chief Retail Banking Officer
Maureen A. Gaffney Senior Vice President, Controller & Principal Accounting Officer 1979
Timothy C. Lane Executive VP & Chief Internal Auditor

Company Peers

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