Independent Bank Corp.

What Independent Bank Corp. does

Independent Bank Corp. is a publicly traded Massachusetts-based bank holding company (NASDAQ: INDB) operating primarily through its wholly-owned subsidiary Rockland Trust Company. Founded in 1907 and headquartered in Rockland, MA, the company provides integrated commercial, retail, and wealth management banking services across Massachusetts, Rhode Island, and New Hampshire through a network of 120+ branches combined with mobile, online, text, and ATM channels.

The product suite spans consumer deposit products (checking, savings, money market, CDs), residential mortgages and home equity lines/loans, consumer and business credit cards, small business banking (SBA loans, treasury management, merchant services via Elavon), and commercial banking (CRE, C&I, construction, franchise, asset-based, government/municipal lending). Digital capabilities include a mobile banking app, online banking, SMS/text banking, Zelle P2P payments, CardSwap for subscription management, SecurLOCK Equip debit card controls, and an Apple Watch companion app. Wealth management offers financial planning, investment management, trust & estate services, and business retirement plans.

Revenue is generated primarily through net interest income (~$210.9M in Q2 2026, ~83% of total revenue) from a diversified loan portfolio, supplemented by non-interest fee income from deposit services, wealth management, and merchant services. Q2 2026 revenue reached $253.3M, up 39.34% YoY, with net income of $81.8M (up 60% YoY) on $25.0B in total assets and $20.4B in deposits. Distribution combines physical branches with self-serve digital channels and dedicated business banking teams for commercial clients. The company recently completed the HCB Financial Corp. acquisition (July 1, 2026) and is executing a $200M share buyback program, alongside a 14th consecutive annual dividend increase.

Name

Independent Bank Corp.

Legal name

Rockland Trust Company

Website

https://rocklandtrust.com

Company type

Public

Founded year

1907

Operating status

Operating

Short description

Independent Bank Corp. (NASDAQ: INDB) is a Massachusetts-based bank holding company operating Rockland Trust, a regional commercial and retail bank serving consumers, small businesses, and commercial clients across Massachusetts, Rhode Island, and New Hampshire through 120+ branches and digital channels.

Ownership category

akta.pro rank

Product category

Retail Banking

NAICS

Commercial Banking (52211), Commercial Banking (522110)

SIC

State Commercial Banks (6022), National Commercial Banks (6021)

akta.pro primary industry

Mass-Market Consumer Deposit Banking (Checking/Savings) (FSABAAAA)

akta.pro secondary industries

Real Estate (Commercial Property, REITs) (FSABACAH), SBA/Government-Backed & Development Finance Loans (FSAKAGAI)

Keywords

• Retail banking services
• Commercial lending
• Community banking
• Wealth management
• Mortgage and home equity

Headquarters

HQ city

Rockland

HQ country

United States

HQ region

North America

Offices2 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure

Revenue model

1. Net Interest Income: Interest income from loan portfolio including commercial, residential mortgages, consumer loans, and home equity products. Primary revenue driver representing approximately 83% of total revenue at $210.9 million in Q2 2026
2. Non-Interest Income: Fee income from deposit services, wealth management, merchant services, and other banking fees. Up from $181.8 million year-over-year
3. Commercial Banking: Commercial real estate, C&I loans, equipment financing, and treasury management services generating interest and fee income

Pricing tiers

Go-to-market motion1 record

Distribution channels6 records

Marketing channels7 records

Core offering

Independent Bank Corp. operates Rockland Trust, a regional community bank providing deposit products (checking, savings, money market, CDs), consumer and commercial loan products (mortgages, home equity, SBA loans, commercial real estate, C&I), credit cards, merchant services, treasury management, and wealth management services to individuals, small businesses, commercial customers, and nonprofit/government entities across Massachusetts, Rhode Island, and New Hampshire. Banking delivery is supported by 120+ branches, mobile and online banking platforms, an ATM network, and dedicated relationship banking teams.

Product overview

Rockland Trust operates as a full-service regional bank offering an integrated suite of personal, small business, and commercial banking products. The bank provides traditional deposit products (checking, savings, CDs, money markets) alongside lending services (mortgages, home equity, business loans, commercial real estate). Digital banking capabilities include mobile banking, online banking, and text banking. Additional offerings encompass credit cards, wealth management, treasury management, merchant services, and community programs like the YourBanker service and Small Business, Big Dreams contest.

Differentiator

Problem solved

Functional benefit

Brands

• YourBanker: A dedicated banker service accessible through mobile or online banking, providing personalized banking support and assistance.
• Express Mortgage
• Reading Makes Cent$
• Small Business, Big Dreams Contest
• Non-Profit Collaborative

Products and services

• Checking Products Personal checking account lineup including Free Checking, Free Student Checking, Advantage Checking, and Rockland Complete Checking, each with distinct features, fee structures, and overdraft service options for individual banking customers.
• Savings, Money Market, and CDs Savings accounts (including Free Savings and Rockland Complete Money Market Savings), Money Market accounts, and Certificates of Deposit (CDs) offered to personal banking customers with competitive published rates.
• Credit Cards Personal and small business credit card products issued in partnership with Elan Financial Services, offering rewards and benefits programs to consumer and business customers.
• Mortgage Products Residential mortgage offerings including Fixed-Rate Mortgages, Adjustable-Rate Mortgages, Jumbo Mortgages, Mortgage Refinancing, First-Time Homebuyer programs, Government Mortgage Programs, Home Loan Pre-Approval, and Construction Loans.
• Home Equity Products Home equity financing including Home Equity Lines of Credit (HELOC), Home Equity Loans, and Express Mortgage (20-year term, as low as 6.874% APR) for accessing accumulated home equity.
• Online and Mobile Banking Digital banking platforms providing 24/7 account access, bill pay, fund transfers, eStatements, secure messaging, mobile deposit (with $5,000/day personal and $20,000/day business limits), Zelle person-to-person payments, and text banking commands.
• YourBanker Dedicated personal banker service accessible through online and mobile banking, providing personalized account support, financial advice, and assistance to customers.
• NH Student Loans (Granite Edvance) Student loan product for New Hampshire residents delivered in partnership with Granite Edvance.
• Business Banking Small business deposit products including business checking, savings, money market, CDs, business debit cards, business credit cards, business online banking, and business payments and invoicing capabilities.
• Business Loans and Lines of Credit Small business financing including SBA Loans, term loans, lines of credit, business equipment loans, and equipment leasing for small business borrowers.
• Commercial Banking Commercial banking products including commercial mortgage loans, C&I loans, construction and development loans, asset-based loans, franchise financing, equipment loans and leasing, security alarm lending, and government and municipal banking.
• Merchant Services Payment processing solutions for businesses delivered through Elavon, supporting online, in-person, and contactless payment acceptance along with related security features.
• Treasury Management Cash management services for businesses including escrow services, account verification services, and the Rockland Trust One Card commercial purchase card program.
• Wealth and Investments Financial and retirement planning, investment management, personal insurance, trust and estate services, special needs services, business retirement plan services, business insurance, business financial planning, business investment management, business owner advisory services, and government/municipal and institutional investing for individuals, families, business owners, and institutions.
• Specialized Banking Services Specialty banking offerings including Condo Association Banking and Lending, Premier Banking for Professionals, Non-Profit Banking and Lending, Government and Municipal Banking, and International Banking.
• Deposit Protection (IntraFi Network) Deposit sweep product leveraging the IntraFi Network to provide deposit insurance coverage across multiple banks for personal, small business, and commercial depositors.

Named customers3 records

Segments6 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration5 records

Feature7 records

Partnerships

Five partnerships are on record, tiered core and minor.

• ElavoncoreTechnology or IntegrationElavon provides business payment processing services for Rockland Trust merchants, enabling flexible options for online, in-person, and contactless payments. The partnership streamlines business banking with secure payment acceptance capabilities.
• Caring Partners, Inc.coreStrategic or Co-development PartnerCaring Partners develops and implements clothing collection and distribution programs for those in need. Rockland Trust serves as corporate partner for Belle of the Ball (prom dresses) and Coats for Kids & Families programs serving Massachusetts, New Hampshire, and Rhode Island since 2005.
• Anton's CleanersminorStrategic or Co-development PartnerAnton's Cleaners professionally cleans all donated prom dresses and winter coats collected through the Belle of the Ball and Coats for Kids programs. Partnership enables distribution of cleaned, quality clothing to families in need.
• Jordan's FurnitureminorStrategic or Co-development PartnerJordan's Furniture serves as corporate sponsor and collection site for Belle of the Ball and Coats for Kids programs, expanding the reach of clothing donation initiatives across the region.
• International Scholarship and Tuition Services (ISTS)coreImplementation/ SI/ Consulting PartnerISTS administers the Rockland Trust Scholarship program to ensure impartial selection of recipients. The independent company manages the application process, verification, and disbursement of scholarship awards to ensure professionalism and security.

Scale indicators17 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Cambridge Bancorp: Cambridge Bancorp is the holding company for Cambridge Savings Bank, a Massachusetts-based mutual savings bank offering consumer, commercial, and wealth management services in overlapping MA geography.
• Eastern Bankshares: Eastern Bank is a Massachusetts-based mutual holding company with a similar New England community banking footprint, comparable consumer and small business banking offerings, and overlapping branch geography in MA.
• WSFS Financial: WSFS Financial is a Mid-Atlantic community bank with similar consumer and small business banking focus, comparable scale (~$20B+ in assets), and similar relationship-based distribution model.
• Brookline Bancorp: Brookline Bancorp is a Massachusetts-based bank holding company operating community banks with similar deposit, commercial real estate, and small business lending focus in the same New England regional market.
• Washington Trust Bancorp: Washington Trust is a Rhode Island-based bank with strong community banking, wealth management, and commercial lending, overlapping directly with Rockland Trust's Rhode Island footprint and similar product mix.
• Berkshire Hills Bancorp: Berkshire Hills Bancorp operates Berkshire Bank with similar community banking model, comparable consumer/SMB/commercial lending, and overlapping presence across parts of New England.

Emerging players

• Pathward Financial: Pathward Financial operates a community-focused banking platform with comparable deposit and treasury management products targeting niche consumer and business banking segments.

Broad incumbents

• M&T Bank: M&T Bank is a large regional commercial bank with comparable consumer, commercial real estate, and SMB lending products and a similar community banking philosophy across the Northeast.
• Citizens Financial Group: Citizens Financial Group is a large regional bank with significant New England branch presence offering similar consumer, small business, and commercial banking services at greater scale, competing for the same customers.
• Bank of America: Bank of America operates a national consumer and small business banking franchise with extensive presence across Massachusetts and New England, competing directly with Rockland Trust on deposits, mortgages, and credit cards.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks7 records

Key highlights7 records

Customer concentration

• Xtwitter.com/RocklandTrust
• YouTubeyoutube.com/user/RocklandTrust
• Facebookfacebook.com/rocklandtrust
• LinkedInlinkedin.com/company/rockland-trust
• Instagraminstagram.com/rockland_trust

Compliance5 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Subsidiaries1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Independent Bank Corp.