INDB

Independent Bank Corp.

Halal Rating :
Uncomfortable
See Details
Last Price $72.06 Last updated:
Market Cap $5.47b
7D Change -0.04%
1 Year Change 27.25%

Company Overview

Industries
  • Finance
  • Insurance
  • And Real Estate
  • Banking
  • State Commercial Banks – Fed Reserve System
Exchange Nasdaq
Next Earnings Date

Independent Bank Corp. operates as the bank holding company for Rockland Trust Company. The company accepts interest checking, money market, and savings accounts. It also offers commercial and industrial, commercial real estate and construction, small business, consumer real estate, and personal loans. As of December 31, 2021, it operates one hundred nineteen retail branches, two limited-service retail branches and one mobile branch.

Use of Interest

Reporting Date Total Revenue Total Operating Expense Interest Income Interest Expense Interest Income Ratio Interest Expense Ratio
Sept. 30, 2024 $175.25m $74.82m $141.7m $74.82m 80.86% 100.00%
June 30, 2024 $170.26m $73.94m $137.93m $73.94m 81.01% 100.00%
March 31, 2024 $167.38m $70.61m $137.44m $70.61m 82.11% 100.00%

Company Impact

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Justification for our Halal Rating

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