Independent Bank Corp.
- INDB · Nasdaq
- State Commercial Banks
- Rockland, MA
- 2,294 employees
- CIK 0000776901
Updated from SEC filings through
Top things to know
Executives
- Jeffrey Tengel Chief Executive Officer of Independent Bank Corp 8-K, 2026-10-15
-
Jeffrey J. Tengel Chief Executive Officer 4, 2026-03-16 -
Mark J. Ruggiero CFO & EVP Consumer Lending 4, 2026-03-16 - James T. Rizzo Chief Commercial Banking Off. 4, 2026-03-16
- Kathryn O'Malley Chief Credit Officer 4, 2026-03-16
- Maria S. Harris Chief Human Resources Officer 4, 2026-03-16
What leadership is saying
“In an operating environment with many moving pieces, our disciplined approach and core fundamentals drove a 12% increase in our diluted earnings per share versus the prior quarter results”
Earnings press release (8-K Ex. 99.1), filed October 15, 2026
Independent Bank Corp is a U.S. public company in state commercial banks (SIC 6022), headquartered in Rockland, MA. It trades as INDB on Nasdaq. Revenue was $1.0B in the fiscal year ending December 31, 2025, +19.9% from the year before. It reported about 2,294 employees. Jeffrey Tengel is Chief Executive Officer of Independent Bank Corp.
Five-year financials
| Metric | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Revenue | $1.0B 10-K, 2026-02-27 | $853M 10-K, 2026-02-27 | $796M 10-K, 2026-02-27 | $643M 10-K, 2025-02-28 | $415M 10-K, 2024-02-28 |
| Operating income | Not on file | Not on file | Not on file | Not on file | Not on file |
| SG&A | Not on file | Not on file | Not on file | Not on file | Not on file |
| Net income | $205M 10-K, 2026-02-27 | $192M 10-K, 2026-02-27 | $240M 10-K, 2026-02-27 | $264M 10-K, 2025-02-28 | $121M 10-K, 2024-02-28 |
Annual figures from XBRL in each company's own filings. Click a figure to open the filing. SG&A marked derived is general and administrative plus selling and marketing.
Leadership and board
| Name | Title | Source |
|---|---|---|
| Jeffrey Tengel | Chief Executive Officer of Independent Bank Corp | 8-K, 2026-10-15 |
| Jeffrey J. Tengel CEO of Rockland Trust | Chief Executive Officer | 4, 2026-03-16 |
| Mark J. Ruggiero Chief Financial Officer, EVP of Consumer Lending | CFO & EVP Consumer Lending | 4, 2026-03-16 |
| James T. Rizzo Chief Commercial Banking Officer at the award-winning Rockland Trust Company | Chief Commercial Banking Off. | 4, 2026-03-16 |
| Kathryn O'Malley | Chief Credit Officer | 4, 2026-03-16 |
| Maria S. Harris | Chief Human Resources Officer | 4, 2026-03-16 |
| Lee C. Powlus | Chief Administrative Officer | 4, 2026-03-02 |
| Tamina O'Neill | Chief Risk Officer | 4, 2026-02-23 |
| Maureen A. Gaffney Chief Accounting Officer & Controller, SVP | Controller | 10-K, 2026-02-27 |
| Patricia M. Natale | General Counsel | 4, 2026-02-23 |
| Michael P. Hogan | Director and Chairman of the Board | 10-K, 2026-02-27 |
| Daniel F. O’Brien | Director | 10-K, 2026-02-27 |
| Dawn Perry | Director | 10-K, 2026-02-27 |
| Donna L. Abelli | Director | 10-K, 2026-02-27 |
| Eileen C. Miskell | Director | 10-K, 2026-02-27 |
| Gerard F. Nadeau | Director | 10-K, 2026-02-27 |
What Independent Bank Corp does
Independent Bank Corp. (the “Company”) is a state chartered, federally registered bank holding company headquartered in Rockland, Massachusetts that was incorporated under Massachusetts law in 1985. The Company is the sole stockholder of Rockland Trust Company (“Rockland Trust” or the “Bank”), a Massachusetts trust company chartered in 1907.
Item 1. Business, 10-K for the year ending December 31, 2025
Shares and governance
| Shares outstanding | 46.3 million (as of November 6, 2026) | 10-Q, November 9, 2026 |
|---|---|---|
| Public float | $2.7B (as of June 30, 2025) | 10-K, February 27, 2026 |
| Latest proxy statement | Meeting December 31, 2025 (filed March 26, 2026) | DEF 14A, March 26, 2026 |
| Auditor | Ernst & Young LLP (Boston, Massachusetts) | Latest 10-K |
Insider trades
Open-market buys and sales by officers and directors, from Forms 4 and 5. One row per filing.
| Date | Insider | Trade | Shares | Value | Source |
|---|---|---|---|---|---|
| August 25, 2026 | Thomas R. Venables Director | Sale | 3,750 | $311K | Form 4, August 26, 2026 |
| August 3, 2026 | Gerard F. Nadeau Director | Sale | 5,307 | $449K | Form 4, August 5, 2026 |
| May 18, 2026 | Joseph C. Lerner Director | Sale | 2,832 | $219K | Form 4, June 1, 2026 |
| February 6, 2026 | John J. Morrissey Director | Sale | 1,988 | $170K | Form 4, February 9, 2026 |
| February 4, 2026 | Donna L. Abelli Director | Sale | 524 | $45K | Form 4, February 5, 2026 |
| December 5, 2025 | Thomas R. Venables Director | Sale | 405 | $30K | Form 4, December 8, 2025 |
| December 3, 2025 | Gerard F. Nadeau Director | Sale | 2,000 | $148K | Form 4, December 4, 2025 |
| November 21, 2025 | Gerard F. Nadeau Director | Sale | 3,000 | $210K | Form 4, November 24, 2025 |
Recent 8-K events
- 8-K filed 2026-11-02
- Item 7.01 Regulation FD disclosure
- 8-K filed 2026-10-15
- Item 2.02 Results of operations and financial condition (earnings release)
- Item 7.01 Regulation FD disclosure
- 8-K filed 2026-09-17
- Item 8.01 Other events
- 8-K filed 2026-09-08
- Item 7.01 Regulation FD disclosure
- 8-K filed 2026-07-27
- Item 7.01 Regulation FD disclosure
- 8-K filed 2026-07-16
- Item 2.02 Results of operations and financial condition (earnings release)
- Item 7.01 Regulation FD disclosure
- 8-K filed 2026-06-18
- Item 8.01 Other events
- 8-K filed 2026-06-16
- Item 7.01 Regulation FD disclosure
- 8-K filed 2026-05-14
- Item 5.07 Submission of matters to a vote of security holders
- 8-K filed 2026-05-01
- Item 8.01 Other events
Frequently asked questions about Independent Bank Corp
- What does Independent Bank Corp do?
- In its own words, from Item 1 of its 10-K: "Independent Bank Corp. (the “Company”) is a state chartered, federally registered bank holding company headquartered in Rockland, Massachusetts that was incorporated under Massachusetts law in 1985. The Company is the sole stockholder of Rockland Trust Company (“Rockland Trust” or the “Bank”), a Massachusetts trust company chartered in 1907."
- What is Independent Bank Corp's revenue?
- $1.0B for the fiscal year ending December 31, 2025, from its 10-K filed February 27, 2026.
- Is Independent Bank Corp profitable?
- Independent Bank Corp reported net income of $205M for the fiscal year ending December 31, 2025.
- How many employees does Independent Bank Corp have?
- About 2,294 as of December 31, 2025, as stated in its annual report.
- Who is the CEO of Independent Bank Corp?
- Jeffrey Tengel, Chief Executive Officer of Independent Bank Corp, as named in a 8-K filed October 15, 2026.
- Who is the CFO of Independent Bank Corp?
- Mark J. Ruggiero, CFO & EVP Consumer Lending, as named in a 4 filed March 16, 2026.
- Where is Independent Bank Corp headquartered?
- Rockland, MA.
- What is Independent Bank Corp's stock ticker?
- INDB on Nasdaq.
- What industry is Independent Bank Corp in?
- State Commercial Banks, SIC code 6022.
- What is Independent Bank Corp's website?
- independentbank.com. Investor relations: https://ir.independentbank.com/.
- When does Independent Bank Corp report earnings next?
- January 14, 2027. Source: estimate_8k_pattern.
- Is Independent Bank Corp a public company?
- Yes. Independent Bank Corp files with the SEC under CIK 0000776901 and trades as INDB.
- Who audits Independent Bank Corp?
- Ernst & Young LLP, Boston, Massachusetts, as named in its latest annual report (10-K).
- How many shares of Independent Bank Corp are outstanding?
- 46.3 million shares as of November 6, 2026, from its 10-Q filed November 9, 2026.
- What is Independent Bank Corp's public float?
- $2.7B as of June 30, 2025, as reported on the cover of its 10-K filed February 27, 2026.
- When is Independent Bank Corp's annual shareholder meeting?
- December 31, 2025, per its proxy statement (DEF 14A) filed March 26, 2026.
- Have Independent Bank Corp insiders traded stock recently?
- Since August 13, 2025, officers and directors reported 13 open-market sales worth about $19.4M and 0 purchases on Forms 4 and 5. The most recent: Thomas R. Venables (Director) sold 3,750 shares on August 25, 2026.