INDB on Nasdaq

Innovative Development Bank Ltd.

Nepali development banking company, incorporated in Massachusetts. Summary from the record

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Last updated Oct 19, 2026.

Overview

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  • TickerINDB on Nasdaq1
  • Industrydevelopment banking industry1
  • HeadquartersRockland, Massachusetts1
  • Incorporated inMA3
  • Business address288 Union Street, Rockland, Ma 023703
  • Filer categoryLarge accelerated filer3

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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. The Bank provides a wide range of banking, investment and financial services, operating with over 150 retail branches, as well as a network of commercial and residential lending centers, and investment management offices primarily in Eastern Massachusetts, as well as in Worcester County, southern New Hampshire, and Rhode Island. Rockland Trust also offers a full suite of mobile, online, and telephone banking services. At December 31, 2025, the Company had total assets of $24.9 billion, total deposits of $20.1 billion, and stockholders’ equity of $3.6…4 From its latest annual report

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Financial statements

Net income5678$205.1M in 2025+6% since 2019
0$100.0M$200.0M$300.0M2019: $192.7M$192.7M20192020: $201.2M$201.2M2020+4%2021: $224.8M$224.8M2021+12%2022: $196.3M$196.3M2022−13%2023: $43.2M$43.2M2023−78%2024: $192.1M$192.1M2024+345%2025: $205.1M$205.1M2025+7%
Fiscal year20192020202120222023202420252026
Interest$148.2M5$95.1M6$63.2M7$96.8M7$414.9M7
Income before tax$282.2M7$246.3M7$52.3M7$247.1M8$262.2M8
Income tax$53.5M5$51.2M6$57.5M7$50.0M7$9.1M7$55.0M8$57.0M8
Net income$192.7M5$201.2M6$224.8M7$196.3M7$43.2M7$192.1M8$205.1M8
Earnings per share$4.465$4.676$5.227$4.717$1.057$4.528$4.448
Earnings per share (diluted)$4.465$4.676$5.217$4.707$1.047$4.528$4.448
Shares (weighted, basic)42.7M shares741.4M shares741.2M shares742.5M shares846.2M shares8
Shares (weighted, diluted)42.7M shares741.5M shares741.3M shares742.5M shares846.2M shares8

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Leadership

Who has led Innovative Development Bank Ltd., and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Christopher Oddleifson2006–2023
  2. Ferdinand T. Kelley2006
  3. David R. Brooks2013–2025
  4. Jeffrey J. Tengel2023–now

Chair

  1. David R. Brooks2013–2025

President

  1. Christopher Oddleifson2006–2018
  2. Torry Berntsen2013–2016
  3. David R. Brooks2016–2022
  4. Gerard F. Nadeau2019–now

Chief financial officer

  1. Denis K. Sheahan2006–2014
  2. Michelle S. Hickox2013–2022
  3. Robert D. Cozzone2013–2019
  4. Mark J. Ruggiero2019–2022
  5. Paul B. Langdale2022–2025

Chief operating officer

  1. Torry Berntsen2013–2016
  2. Denis K. Sheahan2014–2015
  3. Robert D. Cozzone2019–2023
  4. Michael B. Hobbs2021–2025
2010201520202025
Board members and other officers (75)

Former names

  • INDEPENDENT BANK CORP /MA/Feb 14, 1994 to Jul 24, 19953

Timeline

  1. Feb 15, 2023New chief executive Jeffrey J. Tengel becomes CEO17
  2. Apr 2, 2013New chief executive David R. Brooks becomes CEO18
  3. Feb 1, 2006New chief executive Ferdinand T. Kelley becomes CEO20
  4. Jan 4, 2006New chief executive Christopher Oddleifson becomes CEO19

Filings

744 filings to the SEC since October 2021: 8 annual reports, 25 quarterly reports, 130 major events, 462 insider forms, 29 large holders, 90 other. The latest 20:

  1. Oct 15, 20268-K 8-K - Q3 2026 EARNINGS RELEASE EDGAR
  2. Sep 17, 20268-K 8-K - Q3 2026 COMMON DIVIDEND EDGAR
  3. Sep 8, 20268-K 8-K RAYMOND JAMES INVESTOR PRESENTATION EDGAR
  4. Aug 31, 20264 EDGAR
  5. Aug 26, 20264 EDGAR
  6. Aug 25, 2026144 EDGAR
  7. Aug 6, 202610-Q 10-Q Q2 2026 EDGAR
  8. Aug 5, 20264 EDGAR
  9. Aug 3, 2026144 EDGAR
  10. Jul 27, 20268-K 8-K - INVESTOR PRESENTATION EDGAR
  11. Jul 16, 20268-K 8-K - Q2 2026 EARNINGS RELEASE EDGAR
  12. Jun 25, 202611-K 11-K 2025 EDGAR
  13. Jun 18, 20268-K 8-K - Q2 2026 COMMON DIVIDEND EDGAR
  14. Jun 16, 20268-K EDGAR
  15. Jun 1, 20264 EDGAR
  16. May 21, 20264 EDGAR
  17. May 21, 20264 EDGAR
  18. May 21, 20264 EDGAR
  19. May 21, 20264 EDGAR
  20. May 21, 20264 EDGAR

The 744 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

41 open-market trades by officers, directors and large owners since October 2021: 6 buys and 35 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Aug 25, 2026Venables Thomas RDirectorSale3,750$83.00$311.2KForm 4
Aug 3, 2026Nadeau Gerard FDirectorSale5,307$84.69$449.4KForm 4
May 18, 2026LERNER JOSEPH CDirectorSale2,832$77.31$218.9KForm 4
Feb 6, 2026MORRISSEY JOHN JDirectorSale1,988$85.70$170.4KForm 4
Feb 4, 2026Abelli Donna LDirectorSale524$85.00$44.5KForm 4
Dec 5, 2025Venables Thomas RDirectorSale405$73.93$29.9KForm 4
Dec 3, 2025Nadeau Gerard FDirectorSale2,000$74.11$148.2KForm 4
Nov 21, 2025Nadeau Gerard FDirectorSale3,000$70.00$210.0KForm 4
Nov 14, 2025ANSIN KEN SDirectorSale53,000$69.06$3.7MForm 4
Nov 10, 2025ANSIN KEN SDirectorSale144,000$69.94$10.1MForm 4
Sep 10, 2025ANSIN KEN SDirectorSale25,000$69.72$1.7MForm 4
Sep 9, 2025ANSIN KEN SDirectorSale25,000$70.17$1.8MForm 4
Aug 14, 2025OBrien Daniel FDirectorSale3,781$66.88$252.9KForm 4
Aug 13, 2025Nadeau Gerard FDirectorSale1,500$67.51$101.3KForm 4
Aug 12, 2025Nadeau Gerard FDirectorSale3,500$66.00$231.0KForm 4
Jun 13, 2025Venables Thomas RDirectorSale1,000$64.52$64.5KForm 4
Jun 10, 2025MISKELL EILEEN CDirectorSale938$65.68$61.6KForm 4
Feb 11, 2025Abelli Donna LDirectorSale640$70.03$44.8KForm 4
Jun 3, 2024MISKELL EILEEN CDirectorSale1,134$50.22$56.9KForm 4
Mar 1, 2024Ruggiero Mark JCFO & EVP Consumer LendingBuy500$51.09$25.5KForm 4

All 41 trades can be filtered by person here when JavaScript is on.

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

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