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INDB (Independent Bank) Total Equity : $2,993.1 Mil (As of Dec. 2024)


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What is Independent Bank Total Equity?

Independent Bank's total equity for the quarter that ended in Dec. 2024 was $2,993.1 Mil.

This is Residual interest, including minority interest, that remains in the assets of the enterprise after deducting its liabilities. Equity is increased by owners’ investments and by comprehensive income, and it is reduced by distributions to the owners.

Independent Bank Total Equity Historical Data

The historical data trend for Independent Bank's Total Equity can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Independent Bank Total Equity Chart

Independent Bank Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Total Equity
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1,702.69 3,018.45 2,886.70 2,895.25 2,993.12

Independent Bank Quarterly Data
Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24
Total Equity Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 2,895.25 2,884.21 2,919.25 2,977.15 2,993.12

Independent Bank Total Equity Calculation

Total Equity and Total Liabilities are the two components for Total Assets.

Independent Bank's Total Equity for the fiscal year that ended in Dec. 2024 is calculated as

Total Equity=Total Assets(Q: Dec. 2024 )-Total Liabilities(Q: Dec. 2024 )
=19373.565-16380.445
=2,993.1

Independent Bank's Total Equity for the quarter that ended in Dec. 2024 is calculated as

Total Equity=Total Assets(Q: Dec. 2024 )-Total Liabilities(Q: Dec. 2024 )
=19373.565-16380.445
=2,993.1

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Independent Bank Total Equity Related Terms

Thank you for viewing the detailed overview of Independent Bank's Total Equity provided by GuruFocus.com. Please click on the following links to see related term pages.

Independent Bank Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Independent Bank Corp (NAS:INDB) » Definitions » Total Equity
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BOH AUB TOWN CVBF SFNC BKU TBBK INTR PRK WSBC NSE:HDFCBANK SHSE:600036 NSE:ICICIBANK SAU:1120 SGX:D05 XPAR:BNP MIL:ISP MIL:UCG NSE:SBIN TSE:8411
Traded in Other Exchanges
N/A
Address
2036 Washington Street, Hanover, MA, USA, 02339
Website
https://www.rocklandtrust.com
Independent Bank Corp is a bank holding company and the sole shareholder of its bank, the Rockland Trust Company. Rockland is a community-oriented commercial bank. The bank provides a variety of banking, investment and financial services, operating with various retail branches, as well as a network of commercial and residential lending centers and investment management offices majorly in Eastern Massachusetts, Worcester County, and Rhode Island. The bank's loan portfolio constitutes the bulk of the bank's total assets. Its borrowers consist mostly of small to medium-size businesses and consumers, majority of which are made to its market area in eastern Massachusetts and Rhode Island. The bank's loan portfolio is predominantly in commercial loans.
Executives
Donna L Abelli director INDEPENDENT BANK CORP., 288 UNION STREET, ROCKLAND MA 02370
Eileen C Miskell director C/O INDEPENDENT BANK CORP, 288 UNION STREET, ROCKLAND MA 02370
John J Morrissey director C/O INDEPENDENT BANK CORP., 288 UNION STREET, ROCKLAND MA 02370
Jeffrey J Tengel director, officer: Chief Executive Officer 1900 EAST NINTH STREET, CLEVELAND OH 44114
Lee C Powlus officer: Chief Tech & Operations Off. 850 MAIN STREET, BRIDGEPORT CT 06604
Patricia M Natale officer: General Counsel
Barry H Jensen officer: Chief Information Officer INDEPENDENT BANK CORP., 288 UNION STREET, ROCKLAND MA 02370
Mark J Ruggiero officer: Principal Accounting Officer C/O INDEPENDENT BANK CORP., 288 UNION STREET, ROCKLAND MA 02370
Scott Smith director 320 NORWOOD PARK SOUTH, NORWOOD MA 02062
Maureen A. Gaffney officer: Principal Accounting Officer C/O INDEPENDENT BANK CORP., 288 UNION STREET, ROCKLAND MA 02370
Christopher Oddleifson director, officer: President and CEO
Edward H Seksay officer: General Counsel C/O INDEPENDENT BANK CORP, 288 UNION STREET, ROCKLAND MA 02370
Dawn Mugford officer: Chief Risk Officer C/O INDEPENDENT BANK CORP., 288 UNION STREET, ROCKLAND MA 02370
Robert D Cozzone officer: CFO and Treasurer C/O INDEPENDENT BANK CORP., 288 UNION STREET, ROCKLAND MA 02370
Gerard F Nadeau officer: Executive Vice President C/O INDEPENDENT BANK CORP., 288 UNION STREET, ROCKLAND MA 02370