Shotter v Westpac Banking Corp

Independent Bank Corp. CEO Jeffrey Tengel and CFO Mark J. Ruggiero to Participate in the 2023 Piper Sandler East Coast Financial Services Conference

Retrieved on: 
Monday, November 6, 2023
Banking, Professional Services, Finance, Insurance, FDIC, Education, Bank, Shotter v Westpac Banking Corp, Conference, Inclusion, National Association of Affordable Housing Lenders, Credit, Equal housing lender, Rockland Trust, Employee resource group, JW Marriott Miami Turnberry Resort & Spa, Community, Culture, Diversity, Tengelic, Community Reinvestment Act, Hotel

Jeffrey Tengel, Chief Executive Officer and Mark J. Ruggiero, Chief Financial Officer and Executive Vice President of Consumer Lending of Independent Bank Corp. (NASDAQ Global Select Market: INDB) will participate in the 2023 Piper Sandler East Coast Financial Services Conference on November 16, 2023.

Key Points: 
  • Jeffrey Tengel, Chief Executive Officer and Mark J. Ruggiero, Chief Financial Officer and Executive Vice President of Consumer Lending of Independent Bank Corp. (NASDAQ Global Select Market: INDB) will participate in the 2023 Piper Sandler East Coast Financial Services Conference on November 16, 2023.
  • The conference will take place at the JW Marriott Miami Turnberry Resort, 19999 W. Country Club Dr., Aventura, FL 33180.
  • Independent Bank Corp. (NASDAQ Global Select Market: INDB) is the holding company for Rockland Trust Company, a full-service commercial bank headquartered in Massachusetts.
  • The Bank also offers a full suite of mobile, online, and telephone banking services.

Independent Bank Corp. Reports Third Quarter Net Income of $60.8 Million

Retrieved on: 
Thursday, October 19, 2023
Banking, Professional Services, Finance, Insurance, Sale, ATM, Lethenteron appendix, W Holding Company, Shotter v Westpac Banking Corp, Federal Home Loan Banks, Treasury, Conference, Credit, Internet, Rockland Trust, Total, Security (finance), Financial services, Cryptocurrency, Real estate, Rare-earth element, Bank, Video game

Independent Bank Corp. (Nasdaq Global Select Market: INDB), parent of Rockland Trust Company, today announced 2023 third quarter net income of $60.8 million, or $1.38 per diluted share, compared to 2023 second quarter net income of $62.6 million, or $1.42 per diluted share.

Key Points: 
  • Independent Bank Corp. (Nasdaq Global Select Market: INDB), parent of Rockland Trust Company, today announced 2023 third quarter net income of $60.8 million, or $1.38 per diluted share, compared to 2023 second quarter net income of $62.6 million, or $1.42 per diluted share.
  • Net interest income for the third quarter of 2023 decreased 1.7% to $149.9 million compared to $152.5 million for the prior quarter, as rising deposit costs slightly outpaced the benefit of repriced assets.
  • Noninterest income of $33.5 million for the third quarter of 2023 represented an increase of $2.8 million, or 9.1%, as compared to the prior quarter.
  • The third quarter provision for credit losses was $5.5 million, as compared to $5.0 million in the prior quarter.

Independent Bank Corp.’s Announcement of Date of Third Quarter Conference Call

Retrieved on: 
Friday, October 6, 2023
Banking, Other Professional Services, Professional Services, Finance, Inclusion, Rockland Trust, Community, Phase 10, PIN, National Association of Affordable Housing Lenders, Culture, Insurance, Internet access, Rochester Telephone Corporation, FDIC, Education, Employee resource group, Diversity, Shotter v Westpac Banking Corp, Bank, Community Reinvestment Act, Equal housing lender, Conference, Online shopping

Independent Bank Corp. (Nasdaq Global Select Market: INDB), parent of Rockland Trust Company, will host its quarterly conference call to discuss third quarter results on Friday, October 20, 2023, at 10:00 AM Eastern Time.

Key Points: 
  • Independent Bank Corp. (Nasdaq Global Select Market: INDB), parent of Rockland Trust Company, will host its quarterly conference call to discuss third quarter results on Friday, October 20, 2023, at 10:00 AM Eastern Time.
  • A replay of the call will be available by calling 877-344-7529, Replay Conference Number: 7087586 which will be available through October 27, 2023.
  • Internet access to the call is available on the Company’s website at https://indb.rocklandtrust.com by selecting Third Quarter 2023 Earnings Conference Call.
  • Independent Bank Corp. (NASDAQ Global Select Market: INDB) is the holding company for Rockland Trust Company, a full-service commercial bank headquartered in Massachusetts.

Independent Bank Corp. Announces Quarterly Dividend

Retrieved on: 
Thursday, September 21, 2023
Banking, Professional Services, Finance, Rockland Trust, Insurance, National Association of Affordable Housing Lenders, Education, Culture, FDIC, Shotter v Westpac Banking Corp, Community Reinvestment Act, Equal housing lender, Community, Diversity, Inclusion, Bank, Employee resource group, Holding company

The Board of Directors of Independent Bank Corp. (Nasdaq Global Select Market: INDB), parent of Rockland Trust Company, today announced a $0.55 per share dividend.

Key Points: 
  • The Board of Directors of Independent Bank Corp. (Nasdaq Global Select Market: INDB), parent of Rockland Trust Company, today announced a $0.55 per share dividend.
  • The dividend will be payable on October 6, 2023, to stockholders of record as of the close of business on October 2, 2023.
  • Independent Bank Corp. (NASDAQ Global Select Market: INDB) is the holding company for Rockland Trust Company, a full-service commercial bank headquartered in Massachusetts.
  • Rockland Trust was named to The Boston Globe's "Top Places to Work" 2022 list, an honor earned for the 14th consecutive year.

Independent Bank Corp. CEO Jeffrey Tengel and CFO Mark J. Ruggiero to Participate in the 2023 Raymond James U.S. Bank and Banking on Tech Conferences

Retrieved on: 
Wednesday, August 30, 2023
Banking, Professional Services, Finance, Rockland Trust, Insurance, National Association of Affordable Housing Lenders, Education, Culture, Marriott Marquis Chicago, FDIC, Shotter v Westpac Banking Corp, Credit, Community Reinvestment Act, Equal housing lender, Community, Diversity, Raymond James Financial, Inclusion, Bank, Employee resource group, Tengelic, Washington Marriott Marquis, Cryptocurrency

Jeffrey Tengel, Chief Executive Officer and Mark J. Ruggiero, Chief Financial Officer and Executive Vice President of Consumer Lending of Independent Bank Corp. (NASDAQ Global Select Market: INDB) will participate in the 2023 Raymond James U.S. Bank and Banking on Tech Conferences on September 6, 2023.

Key Points: 
  • Jeffrey Tengel, Chief Executive Officer and Mark J. Ruggiero, Chief Financial Officer and Executive Vice President of Consumer Lending of Independent Bank Corp. (NASDAQ Global Select Market: INDB) will participate in the 2023 Raymond James U.S. Bank and Banking on Tech Conferences on September 6, 2023.
  • The conference will take place at the Marriott Marquis Chicago, 2121 South Prairie Avenue, Chicago, IL 66016.
  • Independent Bank Corp. (NASDAQ Global Select Market: INDB) is the holding company for Rockland Trust Company, a full-service commercial bank headquartered in Massachusetts.
  • Rockland Trust was named to The Boston Globe's "Top Places to Work" 2022 list, an honor earned for the 14th consecutive year.

Best’s Commentary: Vesttoo Highlights Importance of Managing Counterparty Risk

Retrieved on: 
Thursday, August 17, 2023
Insurance, Professional Services, AM Best, LOC, ALL, Shotter v Westpac Banking Corp, Growth, News, Bankruptcy, Security (finance), Cryptocurrency

The Best’s Commentary, “Vesttoo Highlights Importance of Managing Counterparty Risk,” comes on the heels of published news reports about the fintech company filing for bankruptcy amid LOC-related issues.

Key Points: 
  • The Best’s Commentary, “Vesttoo Highlights Importance of Managing Counterparty Risk,” comes on the heels of published news reports about the fintech company filing for bankruptcy amid LOC-related issues.
  • The data also shows companies with LOC exposure to China Construction Bank Corp., totaling nearly $1.3 billion for the U.S. insurance industry.
  • AM Best is a global credit rating agency, news publisher and data analytics provider specializing in the insurance industry.
  • Headquartered in the United States, the company does business in over 100 countries with regional offices in London, Amsterdam, Dubai, Hong Kong, Singapore and Mexico City.

Independent Bank Corp. Reports Second Quarter Net Income of $62.6 Million

Retrieved on: 
Thursday, July 20, 2023
Banking, Professional Services, Finance, Lender option borrower option, Advertising, Interchange, Policy, Snow, Sale, Shotter v Westpac Banking Corp, Federal Home Loan Banks, Internet, Credit, ATM, Growth, Rockland Trust, Conference, Total, Lethenteron appendix, Security (finance), Cryptocurrency, Real estate, Financial adviser, Pharmaceutical industry, Video game, Bank

Independent Bank Corp. (Nasdaq Global Select Market: INDB), parent of Rockland Trust Company, today announced 2023 second quarter net income of $62.6 million, or $1.42 per diluted share, compared to 2023 first quarter net income of $61.2 million, or $1.36 per diluted share.

Key Points: 
  • Independent Bank Corp. (Nasdaq Global Select Market: INDB), parent of Rockland Trust Company, today announced 2023 second quarter net income of $62.6 million, or $1.42 per diluted share, compared to 2023 first quarter net income of $61.2 million, or $1.36 per diluted share.
  • Net interest income for the second quarter of 2023 decreased 4.1% to $152.5 million compared to $159.0 million for the prior quarter, reflecting a full quarter of increased wholesale borrowings as well as higher deposit costs, resulting in a reduction in net interest margin of 25 basis points to 3.54% for the quarter.
  • Noninterest income of $30.8 million for the second quarter of 2023 represented an increase of $2.5 million, or 8.9%, as compared to the prior quarter.
  • Noninterest expense of $95.6 million for the second quarter of 2023 represented a decrease of $3.1 million, or 3.1%, as compared to the prior quarter.

Independent Bank Corp.’s Announcement of Date of Second Quarter Conference Call

Retrieved on: 
Monday, July 10, 2023
Banking, Other Professional Services, Professional Services, Finance, Rockland Trust, National Association of Affordable Housing Lenders, Education, Culture, Trust, FDIC, Shotter v Westpac Banking Corp, Community Reinvestment Act, PIN, Equal housing lender, Community, Diversity, Internet access, Inclusion, Bank, Employee resource group, Rochester Telephone Corporation, Conference

Independent Bank Corp. (Nasdaq Global Select Market: INDB), parent of Rockland Trust Company, will host its quarterly conference call to discuss second quarter results on Friday, July 21, 2023, at 10:00 AM Eastern Time.

Key Points: 
  • Independent Bank Corp. (Nasdaq Global Select Market: INDB), parent of Rockland Trust Company, will host its quarterly conference call to discuss second quarter results on Friday, July 21, 2023, at 10:00 AM Eastern Time.
  • A replay of the call will be available by calling 877-344-7529, Replay Conference Number: 3932449 which will be available through July 28, 2023.
  • Internet access to the call is available on the Company’s website at https://indb.rocklandtrust.com by selecting Second Quarter 2023 Earnings Conference Call.
  • Independent Bank Corp. (NASDAQ Global Select Market: INDB) is the holding company for Rockland Trust Company, a full-service commercial bank headquartered in Massachusetts.

Independent Bank Corp. Announces Quarterly Dividend

Retrieved on: 
Thursday, June 15, 2023
Banking, Other Professional Services, Professional Services, Finance, Rockland Trust, National Association of Affordable Housing Lenders, Education, Culture, Trust, FDIC, Shotter v Westpac Banking Corp, Community Reinvestment Act, Equal housing lender, Community, Diversity, Inclusion, Bank, Employee resource group, Holding company

The Board of Directors of Independent Bank Corp. (Nasdaq Global Select Market: INDB), parent of Rockland Trust Company, today announced a $0.55 per share dividend.

Key Points: 
  • The Board of Directors of Independent Bank Corp. (Nasdaq Global Select Market: INDB), parent of Rockland Trust Company, today announced a $0.55 per share dividend.
  • The dividend will be payable on July 7, 2023, to stockholders of record as of the close of business on June 26, 2023.
  • Independent Bank Corp. (NASDAQ Global Select Market: INDB) is the holding company for Rockland Trust Company, a full-service commercial bank headquartered in Massachusetts.
  • Rockland Trust was named to The Boston Globe's "Top Places to Work" 2022 list, an honor earned for the 14th consecutive year.

Independent Bank Corp. Reports First Quarter Net Income of $61.2 Million

Retrieved on: 
Thursday, April 20, 2023
Banking, Professional Services, Finance, Borrowing base, Federal Home Loan Banks, Maintenance, Advertising, Share repurchase, FDIC, Snow, Sale, Shotter v Westpac Banking Corp, Internet, Credit, Growth, Rockland Trust, Conference, Total, Lethenteron appendix, Security (finance), Cryptocurrency, Real estate, Bank, Video game

Independent Bank Corp. (Nasdaq Global Select Market: INDB), parent of Rockland Trust Company, today announced 2023 first quarter net income of $61.2 million, or $1.36 per diluted share, compared to 2022 fourth quarter net income of $77.0 million, or $1.69 per diluted share.

Key Points: 
  • Independent Bank Corp. (Nasdaq Global Select Market: INDB), parent of Rockland Trust Company, today announced 2023 first quarter net income of $61.2 million, or $1.36 per diluted share, compared to 2022 fourth quarter net income of $77.0 million, or $1.69 per diluted share.
  • Total loans at March 31, 2023 of $13.9 billion increased by $19.3 million, or 0.1% (0.6% annualized), compared to the prior quarter level.
  • Noninterest income of $28.2 million for the first quarter of 2023 represented a decrease $4.1 million, or 12.6%, as compared to the prior quarter.
  • Noninterest expense of $98.7 million for the first quarter of 2023 represented a $3.8 million, or 4.0%, increase as compared to the prior quarter.