INDEPENDENT BANK CORP
INDB · State Commercial Banks · 48.3M shares · +8%/yr ↑ dilution · EDGAR filings ↗
Net buyback after stock comp: $183M (gross $189M, SBC $6M)
Reference price $77.31 · est. market cap ~$3.7B — last insider sale, 2026-05-18 (estimated from the dated SEC Form 4 price × shares outstanding — not a live quote)
Grade
C60Independent Bank Corp (MA) — Rockland Trust parent with low current ROE.
Strengths
- Strong free cash flow (84th pct), low leverage (35th)
Risks
- ROE 5.75% (17th pct) weak
- Acquisition-integration overhang
- CRE/office exposure
Notable findings
Key metrics
Return on equity
5.8%
Return on assets
0.8%
Net-income growth
6.8%
Debt / equity
0.1×
Free cash flow
$239M
Tangible book value
$2.3B
Insider transactions · last 18 months
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| 2026-05-19 | MISKELL EILEEN C | Grant | 842 | — |
| 2026-05-19 | Hogan Michael P. | Grant | 842 | — |
| 2026-05-19 | Abelli Donna L | Grant | 842 | — |
| 2026-05-19 | O'DAY SUSAN PERRY | Grant | 842 | — |
| 2026-05-19 | MORTON JAMES O'SHANNA | Grant | 842 | — |
| 2026-05-19 | O'Leary Leif | Grant | 842 | — |
| 2026-05-19 | LERNER JOSEPH C | Grant | 842 | — |
| 2026-05-19 | Nadeau Gerard F | Grant | 842 | — |
| 2026-05-19 | PERRY DAWN | Grant | 842 | — |
| 2026-05-19 | OBrien Daniel F | Grant | 842 | — |
| 2026-05-19 | Venables Thomas R | Grant | 842 | — |
| 2026-05-19 | ANSIN KEN S | Grant | 842 | — |
| 2026-05-19 | MORRISSEY JOHN J | Grant | 842 | — |
| 2026-05-18 | LERNER JOSEPH C | Sell | 2.8K | $77.31 |
| 2026-04-10 | Lentz Mary L | Grant | 810 | — |
| 2026-03-12 | O'MALLEY KATHRYN | Grant | 692 | — |
| 2026-03-12 | O'MALLEY KATHRYN | Tax withheld | 186 | $74.00 |
| 2026-03-12 | RIZZO JAMES T. | Grant | 738 | — |
| 2026-03-12 | RIZZO JAMES T. | Tax withheld | 199 | $74.00 |
| 2026-03-12 | Harris Maria S | Grant | 784 | — |
| 2026-03-12 | Harris Maria S | Tax withheld | 211 | $74.00 |
| 2026-03-12 | Ruggiero Mark J | Grant | 1.7K | — |
| 2026-03-12 | Ruggiero Mark J | Tax withheld | 460 | $74.00 |
| 2026-03-12 | Nadeau Gerard F | Grant | 1.3K | — |
| 2026-03-12 | Nadeau Gerard F | Tax withheld | 360 | $74.00 |
| 2026-03-12 | Tengel Jeffrey J | Grant | 4.7K | — |
| 2026-03-12 | Tengel Jeffrey J | Tax withheld | 2.1K | $74.00 |
| 2026-02-27 | Ruggiero Mark J | Grant | 1.0K | $78.81 |
| 2026-02-27 | Powlus Lee C | Grant | 504 | $78.81 |
| 2026-02-22 | O'MALLEY KATHRYN | Tax withheld | 148 | $82.40 |
| 2026-02-22 | NATALE PATRICIA M | Tax withheld | 148 | $82.40 |
| 2026-02-22 | Harris Maria S | Tax withheld | 148 | $82.40 |
| 2026-02-22 | GAFFNEY MAUREEN A. | Tax withheld | 108 | $82.40 |
| 2026-02-22 | Tengel Jeffrey J | Tax withheld | 872 | $82.40 |
| 2026-02-22 | Ruggiero Mark J | Tax withheld | 332 | $82.40 |
| 2026-02-22 | RIZZO JAMES T. | Tax withheld | 153 | $82.40 |
| 2026-02-22 | Powlus Lee C | Tax withheld | 168 | $82.40 |
| 2026-02-20 | NATALE PATRICIA M | Tax withheld | 220 | $82.40 |
| 2026-02-20 | Tengel Jeffrey J | Tax withheld | 859 | $82.40 |
| 2026-02-20 | Powlus Lee C | Tax withheld | 238 | $82.40 |
| 2026-02-20 | O'MALLEY KATHRYN | Tax withheld | 143 | $82.40 |
| 2026-02-20 | GAFFNEY MAUREEN A. | Tax withheld | 135 | $82.40 |
| 2026-02-20 | Harris Maria S | Tax withheld | 211 | $82.40 |
| 2026-02-20 | Ruggiero Mark J | Tax withheld | 337 | $82.40 |
| 2026-02-20 | RIZZO JAMES T. | Tax withheld | 224 | $82.40 |
| 2026-02-19 | GAFFNEY MAUREEN A. | Grant | 1.4K | — |
| 2026-02-19 | Tengel Jeffrey J | Grant | 8.4K | — |
| 2026-02-19 | Ruggiero Mark J | Grant | 3.3K | — |
| 2026-02-19 | RIZZO JAMES T. | Grant | 2.3K | — |
| 2026-02-19 | Powlus Lee C | Grant | 2.4K | — |
| 2026-02-19 | O'Neill Tamina | Grant | 2.3K | — |
| 2026-02-19 | O'MALLEY KATHRYN | Grant | 2.0K | — |
| 2026-02-19 | NATALE PATRICIA M | Grant | 2.4K | — |
| 2026-02-19 | Harris Maria S | Grant | 2.1K | — |
| 2026-02-18 | RIZZO JAMES T. | Tax withheld | 51 | $83.30 |
| 2026-02-18 | O'MALLEY KATHRYN | Tax withheld | 45 | $83.30 |
| 2026-02-18 | NATALE PATRICIA M | Tax withheld | 48 | $83.30 |
| 2026-02-18 | Harris Maria S | Tax withheld | 43 | $83.30 |
| 2026-02-18 | GAFFNEY MAUREEN A. | Tax withheld | 35 | $83.30 |
| 2026-02-18 | Ruggiero Mark J | Tax withheld | 51 | $83.30 |
| 2026-02-17 | O'MALLEY KATHRYN | Tax withheld | 48 | $83.89 |
| 2026-02-17 | Ruggiero Mark J | Tax withheld | 94 | $83.89 |
| 2026-02-17 | NATALE PATRICIA M | Tax withheld | 45 | $83.89 |
| 2026-02-17 | GAFFNEY MAUREEN A. | Tax withheld | 32 | $83.89 |
| 2026-02-17 | Harris Maria S | Tax withheld | 45 | $83.89 |
| 2026-02-17 | RIZZO JAMES T. | Tax withheld | 48 | $83.89 |
| 2026-02-16 | Tengel Jeffrey J | Tax withheld | 679 | $82.91 |
| 2026-02-16 | O'MALLEY KATHRYN | Tax withheld | 103 | $82.91 |
| 2026-02-16 | Ruggiero Mark J | Tax withheld | 247 | $82.91 |
| 2026-02-16 | Harris Maria S | Tax withheld | 116 | $82.91 |
| 2026-02-16 | RIZZO JAMES T. | Tax withheld | 108 | $82.91 |
| 2026-02-16 | NATALE PATRICIA M | Tax withheld | 89 | $82.91 |
| 2026-02-16 | GAFFNEY MAUREEN A. | Tax withheld | 71 | $82.91 |
| 2026-02-11 | ANSIN KEN S | Gift | 32K | — |
| 2026-02-06 | ANSIN KEN S | Gift | 53K | — |
| 2026-02-06 | Tengel Jeffrey J | Tax withheld | 664 | $86.11 |
| 2026-02-06 | MORRISSEY JOHN J | Sell | 2.0K | $85.70 |
| 2026-02-05 | ANSIN KEN S | Gift | 32K | — |
| 2026-02-04 | Abelli Donna L | Sell | 524 | $85.00 |
| 2026-01-29 | MISKELL EILEEN C | Gift | 741 | — |
| 2025-12-05 | Venables Thomas R | Sell | 405 | $73.93 |
| 2025-12-03 | Nadeau Gerard F | Sell | 2.0K | $74.11 |
| 2025-11-21 | Nadeau Gerard F | Sell | 3.0K | $70.00 |
| 2025-11-14 | ANSIN KEN S | Sell | 53K | $69.06 |
| 2025-11-10 | ANSIN KEN S | Sell | 144K | $69.94 |
| 2025-09-10 | ANSIN KEN S | Sell | 25K | $69.72 |
| 2025-09-09 | ANSIN KEN S | Sell | 25K | $70.17 |
| 2025-08-14 | OBrien Daniel F | Sell | 3.8K | $66.88 |
| 2025-08-13 | Nadeau Gerard F | Sell | 1.5K | $67.51 |
| 2025-08-12 | Nadeau Gerard F | Sell | 3.5K | $66.00 |
| 2025-07-01 | ANSIN KEN S | Grant | 4.2K | — |
| 2025-07-01 | ANSIN KEN S | Grant | 938 | — |
| 2025-07-01 | ANSIN KEN S | Grant | 432K | — |
| 2025-07-01 | ANSIN KEN S | Grant | 4.1K | — |
| 2025-07-01 | ANSIN KEN S | Grant | 6.0K | — |
| 2025-07-01 | ANSIN KEN S | Grant | 91K | — |
| 2025-07-01 | ANSIN KEN S | Grant | 1.4K | — |
| 2025-07-01 | Nadeau Gerard F | Grant | 938 | — |
| 2025-07-01 | ANSIN KEN S | Grant | 107K | — |
| 2025-07-01 | LERNER JOSEPH C | Grant | 17K | — |
| 2025-07-01 | LERNER JOSEPH C | Grant | 938 | — |
| 2025-07-01 | LERNER JOSEPH C | Grant | 5.0K | — |
| 2025-06-27 | Nadeau Gerard F | Disposition | 6.5K | — |
| 2025-06-27 | Nadeau Gerard F | Tax withheld | 374 | $63.64 |
| 2025-06-13 | Venables Thomas R | Sell | 1.0K | $64.52 |
| 2025-06-10 | MISKELL EILEEN C | Sell | 938 | $65.68 |
| 2025-05-20 | Venables Thomas R | Grant | 938 | — |
| 2025-05-20 | Smith Scott | Grant | 938 | — |
| 2025-05-20 | Ramesh Aparna | Grant | 938 | — |
| 2025-05-20 | O'DAY SUSAN PERRY | Grant | 938 | — |
| 2025-05-20 | PERRY DAWN | Grant | 938 | — |
| 2025-05-20 | O'Leary Leif | Grant | 938 | — |
| 2025-05-20 | OBrien Daniel F | Grant | 938 | — |
| 2025-05-20 | MORTON JAMES O'SHANNA | Grant | 938 | — |
| 2025-05-20 | MORRISSEY JOHN J | Grant | 938 | — |
| 2025-05-20 | MISKELL EILEEN C | Grant | 938 | — |
| 2025-05-20 | Lentz Mary L | Grant | 938 | — |
| 2025-05-20 | Hogan Michael P. | Grant | 938 | — |
| 2025-05-20 | Abelli Donna L | Grant | 938 | — |
| 2025-05-19 | MISKELL EILEEN C | Gift | 1.0K | — |
| 2025-03-19 | Nadeau Gerard F | Grant | 2.2K | — |
| 2025-03-19 | Nadeau Gerard F | Tax withheld | 589 | $64.06 |
| 2025-03-19 | Harris Maria S | Grant | 858 | — |
| 2025-03-19 | Harris Maria S | Tax withheld | 231 | $64.06 |
| 2025-03-19 | Ruggiero Mark J | Grant | 1.8K | — |
| 2025-03-19 | Ruggiero Mark J | Tax withheld | 484 | $64.06 |
| 2025-02-27 | O'MALLEY KATHRYN | Tax withheld | 43 | $68.32 |
| 2025-02-27 | Harris Maria S | Tax withheld | 37 | $68.32 |
| 2025-02-27 | Nadeau Gerard F | Tax withheld | 97 | $68.32 |
| 2025-02-27 | GAFFNEY MAUREEN A. | Tax withheld | 32 | $68.32 |
| 2025-02-27 | NATALE PATRICIA M | Tax withheld | 43 | $68.32 |
| 2025-02-27 | Ruggiero Mark J | Tax withheld | 40 | $68.32 |
| 2025-02-27 | RIZZO JAMES T. | Tax withheld | 48 | $68.32 |
| 2025-02-22 | GAFFNEY MAUREEN A. | Tax withheld | 108 | $69.14 |
| 2025-02-22 | Harris Maria S | Tax withheld | 148 | $69.14 |
| 2025-02-22 | Nadeau Gerard F | Tax withheld | 314 | $69.14 |
| 2025-02-22 | NATALE PATRICIA M | Tax withheld | 148 | $69.14 |
| 2025-02-22 | O'MALLEY KATHRYN | Tax withheld | 148 | $69.14 |
| 2025-02-22 | Powlus Lee C | Tax withheld | 166 | $69.14 |
| 2025-02-22 | RIZZO JAMES T. | Tax withheld | 152 | $69.14 |
| 2025-02-22 | Ruggiero Mark J | Tax withheld | 332 | $69.14 |
| 2025-02-22 | Tengel Jeffrey J | Tax withheld | 872 | $69.14 |
| 2025-02-20 | NATALE PATRICIA M | Grant | 2.5K | — |
| 2025-02-20 | Tengel Jeffrey J | Grant | 9.6K | — |
| 2025-02-20 | Ruggiero Mark J | Grant | 946 | $69.45 |
| 2025-02-20 | Ruggiero Mark J | Grant | 3.8K | — |
| 2025-02-20 | Powlus Lee C | Grant | 2.6K | — |
| 2025-02-20 | O'MALLEY KATHRYN | Grant | 1.6K | — |
| 2025-02-20 | Nadeau Gerard F | Grant | 3.5K | — |
| 2025-02-20 | RIZZO JAMES T. | Grant | 2.5K | — |
| 2025-02-20 | Harris Maria S | Grant | 2.4K | — |
| 2025-02-20 | GAFFNEY MAUREEN A. | Grant | 1.5K | — |
| 2025-02-18 | GAFFNEY MAUREEN A. | Tax withheld | 35 | $69.34 |
| 2025-02-18 | Harris Maria S | Tax withheld | 43 | $69.34 |
| 2025-02-18 | Nadeau Gerard F | Tax withheld | 105 | $69.34 |
| 2025-02-18 | NATALE PATRICIA M | Tax withheld | 48 | $69.34 |
| 2025-02-18 | RIZZO JAMES T. | Tax withheld | 51 | $69.34 |
| 2025-02-18 | O'MALLEY KATHRYN | Tax withheld | 45 | $69.34 |
| 2025-02-17 | GAFFNEY MAUREEN A. | Tax withheld | 32 | $69.09 |
| 2025-02-17 | Nadeau Gerard F | Tax withheld | 116 | $69.09 |
| 2025-02-17 | O'MALLEY KATHRYN | Tax withheld | 48 | $69.09 |
| 2025-02-17 | NATALE PATRICIA M | Tax withheld | 45 | $69.09 |
| 2025-02-17 | RIZZO JAMES T. | Tax withheld | 48 | $69.09 |
| 2025-02-17 | Harris Maria S | Tax withheld | 45 | $69.09 |
| 2025-02-16 | Tengel Jeffrey J | Tax withheld | 679 | $69.09 |
| 2025-02-16 | RIZZO JAMES T. | Tax withheld | 108 | $69.09 |
| 2025-02-16 | GAFFNEY MAUREEN A. | Tax withheld | 72 | $69.09 |
| 2025-02-16 | Harris Maria S | Tax withheld | 116 | $69.09 |
| 2025-02-16 | O'MALLEY KATHRYN | Tax withheld | 103 | $69.09 |
| 2025-02-16 | NATALE PATRICIA M | Tax withheld | 89 | $69.09 |
| 2025-02-16 | Nadeau Gerard F | Tax withheld | 234 | $69.09 |
| 2025-02-14 | O'MALLEY KATHRYN | Grant | 234 | $68.67 |
| 2025-02-11 | Abelli Donna L | Sell | 640 | $70.03 |
| 2025-02-06 | Tengel Jeffrey J | Tax withheld | 664 | $69.59 |
All non-derivative Form 4 activity (SEC), newest first.
Notable events (8-K)
Recent filings
| Form | Filed | Period | Accession |
|---|---|---|---|
| 8-K | 2026-06-18 | 2026-06-18 | 0000776901-26-000113 ↗ |
| 8-K | 2026-06-16 | 2026-06-16 | 0000776901-26-000110 ↗ |
| 8-K | 2026-05-14 | 2026-05-14 | 0000776901-26-000107 ↗ |
| 10-Q | 2026-05-06 | 2026-03-31 | 0000776901-26-000104 ↗ |
| 8-K | 2026-05-01 | 2026-04-30 | 0000776901-26-000100 ↗ |
| 8-K | 2026-04-16 | 2026-04-16 | 0000776901-26-000097 ↗ |
| 8-K | 2026-04-13 | 2026-04-11 | 0000776901-26-000088 ↗ |
| 8-K | 2026-03-19 | 2026-03-19 | 0000776901-26-000070 ↗ |
| 8-K | 2026-03-13 | 2026-03-10 | 0000776901-26-000067 ↗ |
| 8-K | 2026-03-09 | 2026-03-09 | 0000776901-26-000064 ↗ |
| 8-K | 2026-03-04 | 2026-03-04 | 0000776901-26-000061 ↗ |
| 10-K | 2026-02-27 | 2025-12-31 | 0000776901-26-000058 ↗ |