INDB is the ticker symbol for INDEPENDENT BANK CORP, a publicly traded Financials sector company listed on Nasdaq. 13F Pro tracks INDB with AI-powered analysis, an AI quality score, SEC EDGAR financials, insider transactions, and institutional 13F holdings — all sourced directly from public SEC filings.

Is INDB a good stock to buy?

13F Pro's AI ranking engine scores INDB at 65.8/100, ranked #454 of 2,925 stocks on a composite quality score built from its SEC filings, covering profitability, growth, balance sheet strength, and free cash flow. The full AI verdict and bull/bear case for INDB is available at https://13fpro.ai/company/INDB. Not investment advice — review the underlying SEC filings before making any trade.

Where does 13F Pro source INDB data?

All INDEPENDENT BANK CORP fundamentals and ownership data come directly from SEC EDGAR. INDEPENDENT BANK CORP files with the SEC under CIK 776901. 13F Pro ingests XBRL financial facts from 10-K and 10-Q filings, Form 13F-HR institutional holdings, and Form 4 insider transactions, with no third-party rewrites or estimates.

INDEPENDENT BANK CORP INDB

NasdaqMid CapFinancials

13F Pro quality score

Rank #454 of 2,925TOP 25%

Why it scores 66 Financials peers →

Rankings refresh quarterly once 80% of peers have filed. Next update: ~Nov 14, 2026.

Revenue

$253.32M

Quarter to Jun 30

Net income

$81.84M

Quarter to Jun 30

Free cash flow

$66.97M

Quarter to Jun 30

Operating margin

42.2%

Quarter to Jun 30

Top Institutional Holders

as of Q2 2026

$3.40B total

BlackRock, Inc.

$584.33M-2.3%

VANGUARD PORTFOLIO MANAGEMENT LLC

$274.05M-1.0%

STATE STREET CORP

$223.18M+5.8%

DIMENSIONAL FUND ADVISORS LP

$220.49M+2.5%

VANGUARD CAPITAL MANAGEMENT LLC

$181.78M-1.3%

GEODE CAPITAL MANAGEMENT, LLC

$120.61M+14.0%

ROCKLAND TRUST CO

$119.55M-2.9%

ALLIANCEBERNSTEIN L.P.

$88.69M-19.0%

Channing Capital Management, LLC

$79.82M+1.5%

NOMURA ASSET MANAGEMENT INTERNATIONAL INC.

$76.79M-0.5%

CITADEL ADVISORS LLC

$61.43M-25.5%

MORGAN STANLEY

$59.78M+10.3%

REINHART PARTNERS, LLC.

$55.08M+1.3%

Verition Fund Management LLC

$52.52M-10.5%

NORGES BANK

$51.59M--

CHARLES SCHWAB INVESTMENT MANAGEMENT INC

$49.60M-1.3%

NORTHERN TRUST CORP

$46.63M+4.4%

BANK OF AMERICA CORP /DE/

$44.64M-10.0%

BNP Paribas Asset Management Holding S.A.

$44.50M-0.6%

GOLDMAN SACHS GROUP INC

$41.90M-8.5%

Bank of New York Mellon Corp

$41.27M+0.7%

SILVERCREST ASSET MANAGEMENT GROUP LLC

$39.27M-7.2%

NFJ INVESTMENT GROUP, LLC

$35.28M-6.7%

DEPRINCE RACE & ZOLLO INC

$31.79M-63.4%

GW&K Investment Management, LLC

$28.95M+16.4%

See all 353 institutional holders →

What's Driving INDB's Business? Latest 10-Q Breakdown

33/33 datapoints verified

AI-extracted from the 10-Q filed 2026-08-06 — Q2 2026 (quarter ended June 30, 2026). Every figure is machine-verified against the filing text on SEC EDGAR.

Net income rose to $81.8 million ($1.70 diluted) from $51.1 million as the July 2025 Enterprise Bancorp acquisition and a 3.85% net interest margin drove results.

Biggest Revenue Drivers

Net interest income$210.9M+42.9% YoY (fully tax equivalent basis)

Increased average interest-earning assets from the Enterprise acquisition, higher yields aided by purchase accounting accretion, and decreased funding costs.

Non-interest income$42.4M+23.56% YoY

Higher deposit account, interchange and investment management fees, largely on volume attributable to the Enterprise acquisition.

Biggest Revenue Drivers

Total revenue: $289.3M (total interest and dividend inc

Net interest income$210.9M+42.9% YoY (fully tax equivalent basis)

Increased average interest-earning assets from the Enterprise acquisition, higher yields aided by purchase accounting accretion, and decreased funding costs.

Non-interest income$42.4M+23.56% YoY

Higher deposit account, interchange and investment management fees, largely on volume attributable to the Enterprise acquisition.

Within Non-interest income

Investment management and advisory$15.0M+31.47% YoY

Higher asset-based revenue on assets under administration of $9.5 billion, up $2.1 billion or 28.7%, including $1.5 billion acquired from Enterprise.

Deposit account fees$9.4M+31.54% YoY

Increases in overdraft and cash management fees plus increased volume attributable to the Enterprise acquisition.

Largest Expense Items

Salaries and employee benefits$79.1M+25.82% YoY

General salaries up $11.1 million on an expanded employee base from the Enterprise acquisition, plus medical insurance, incentive compensation and payroll taxes.

Interest on deposits$67.6M+$7.8M YoY

Higher interest-bearing deposit balances offset by a lower total cost of deposits of 1.36% versus 1.54%.

Occupancy and equipment expenses$16.2M+22.89% YoY

Expanded branch network, real estate and other fixed assets obtained from the Enterprise acquisition.

Amortization of intangible assets$6.8M+467.34% YoY

Amortization of core deposit intangible, customer list and other intangibles established in the Enterprise acquisition.

Margins: Net interest margin was 3.85%, up 48 basis points from 3.37%, driven by interest-earning assets acquired from Enterprise, higher asset yields and lower funding costs; cost of deposits fell to 1.36% from 1.54%.

Watch Items from the Filing

Non-performing loans rose to $103.6 million, or 0.56% of gross loans, from $83.6 million and 0.45% at December 31, 2025; allowance coverage fell to 189.02%.
Commercial real estate non-accruals grew to $64.5 million from $50.5 million, while CRE and construction balances fell $266.1 million, or 2.8%, including a $77.5 million office reduction.
Held to maturity securities carry $92.8 million of gross unrealized losses, with fair value of $1.12 billion against $1.21 billion amortized cost.
Estimated uninsured deposits were $6.9 billion, up from $6.5 billion, of which $1.1 billion is collateralized.
New $200 million buyback effective April 30, 2026; 964,141 shares repurchased in Q2 for $75.0 million at an average $77.79, with $150.9 million remaining.

AI-extracted and verified against SEC EDGAR filing text. Not investment advice.

Read the full 10-Q on SEC EDGAR →

Key Metrics

Revenue

Q2 2026

EDGAR

Net Income

Q2 2026

EDGAR

EPS (Diluted)

Q2 2026

EDGAR

Operating Margin

Q2 2026

EDGAR

ROIC

Q2 2026

EDGAR

Free Cash Flow

Q2 2026

EDGAR

Financial Trends

Revenue & Net Income

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Earnings Per Share

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INDEPENDENT BANK CORP reported revenue, net income and margins by fiscal period, from SEC filings.
Period	Form	Revenue	Net income	Op. marginOperating margin
FY 2025	10-K	$857.5M	$205.1M	30.6%
FY 2024	10-K	$689.7M	$192.1M	35.8%
FY 2023	10-K	$731.1M	$239.5M	43.1%
FY 2022	10-K	$727.9M	$263.8M	47.8%
FY 2021	10-K	$507.4M	$121.0M	30.9%
FY 2020	10-K	$479.2M	$121.2M	31.9%

About INDEPENDENT BANK CORP (INDB): stock profile, AI score and financials

INDEPENDENT BANK CORP (INDB) stock profile, AI quality score, and SEC EDGAR financial data, a Financials sector company. 13F Pro's AI-powered ranking engine scores INDB at 65.8/100 on a composite quality score built from its SEC filings, placing it at rank #454 of 2,925 stocks — the top 25% of the AI-ranked universe. INDB scores in the top quartile across profitability (86.2), free cash flow (84.6), revenue growth (80.4). Based on the latest XBRL financial filings (Q2 2026), INDEPENDENT BANK CORP reports quarterly revenue of $253.3M, net income of $81.8M, an operating margin of 42.2%. Top institutional holders of INDB by reported 13-F value include BlackRock, VANGUARD PORTFOLIO MANAGEMENT, STATE STREET, based on the most recent SEC filings. INDB trades on the Nasdaq exchange and files with the SEC under CIK 776901. 13F Pro's AI research platform runs 10 specialized AI analysts — value, growth, momentum, macro, and activist specialists — that debate INDB daily and publish AI-generated analysis with cited SEC sources. The platform aggregates historical XBRL financial facts, 10-Q and 10-K filings, insider Form 4 transactions, and institutional 13-F holdings for INDEPENDENT BANK CORP directly from SEC EDGAR.

Financials through the period ended Jun 30, 2026SEC EDGAR: CIK 776901 →

INDEPENDENT BANK CORP INDB

Top Institutional Holders

What's Driving INDB's Business? Latest 10-Q Breakdown

Biggest Revenue Drivers

Biggest Revenue Drivers

Largest Expense Items

Watch Items from the Filing

Key Metrics

Financial Trends

Revenue & Net Income

Earnings Per Share

INDB key financials by period

INDB insiders

Congress trading in INDB

About INDEPENDENT BANK CORP (INDB): stock profile, AI score and financials

INDEPENDENT BANK CORP INDB

Top Institutional Holders

What's Driving INDB's Business? Latest 10-Q Breakdown

Biggest Revenue Drivers

Key Metrics

Financial Trends

Revenue & Net Income

Earnings Per Share

INDB key financials by period

Companies similar to INDB

INDB insiders

Congress trading in INDB

About INDEPENDENT BANK CORP (INDB): stock profile, AI score and financials