Independent Bank Ownership

Who are the major shareholders and have insiders been buying or selling?

Recent Insider Transactions

NasdaqGS:INDB Recent Insider Transactions by Companies or Individuals
Date	Value	Name	Entity	Shares	Max Price
18 May 26	SellUS$218,953	Joseph Lerner	Individual	2,832	US$77.31
06 Feb 26	SellUS$170,372	John Morrissey	Individual	1,988	US$85.70
04 Feb 26	SellUS$44,517	Donna Abelli	Individual	523.73	US$85.00
05 Dec 25	SellUS$29,942	Thomas Venables	Individual	405	US$73.93
03 Dec 25	SellUS$148,226	Gerard Nadeau	Individual	2,000	US$74.11
21 Nov 25	SellUS$210,000	Gerard Nadeau	Individual	3,000	US$70.00
14 Nov 25	SellUS$3,660,196	Kenneth Ansin	Individual	53,000	US$69.06
10 Nov 25	SellUS$10,070,813	Kenneth Ansin	Individual	144,000	US$69.94
10 Sep 25	SellUS$3,497,110	Kenneth Ansin	Individual	50,000	US$70.17
14 Aug 25	SellUS$252,875	Daniel O'Brien	Individual	3,781	US$66.88
13 Aug 25	SellUS$332,272	Gerard Nadeau	Individual	5,000	US$67.51

Insider Trading Volume

Insider Buying: INDB insiders have only sold shares in the past 3 months.

Ownership Breakdown

What is the ownership structure of INDB?
Owner Type	Number of Shares	Ownership Percentage
State or Government	11,095	0.023%
Individual Insiders	601,905	1.25%
General Public	5,134,125	10.6%
Institutions	42,579,985	88.1%

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.

Top Shareholders

Top 25 shareholders own 67.07% of the company

Ownership	Name	Shares	Current Value	Change %	Portfolio %
14.8%	BlackRock, Inc.	7,142,325	US$579.0m	-0.24%	0.01%
6.84%	Vanguard Portfolio Management, LLC	3,305,113	US$267.9m	0%	0.01%
5.32%	Dimensional Fund Advisors LP	2,569,926	US$208.3m	0.07%	0.02%
5.18%	State Street Global Advisors, Inc.	2,501,263	US$202.8m	1.78%	0.01%
4.55%	Vanguard Capital Management, LLC	2,200,845	US$178.4m	0%	no data
3.04%	The Rockland Trust Investment Management Group	1,470,438	US$119.2m	16.6%	4.6%
3.01%	AllianceBernstein L.P.	1,455,842	US$118.0m	-5.35%	0.03%
2.61%	Geode Capital Management, LLC	1,263,589	US$102.4m	2.53%	no data
2.14%	DePrince, Race & Zollo, Inc.	1,036,188	US$84.0m	-0.98%	1.41%
2.04%	Citadel Advisors LLC	985,437	US$79.9m	7.52%	0.05%
1.94%	Channing Capital Management, LLC	939,667	US$76.2m	0%	1.75%
1.91%	Nomura Investment Management Business Trust	921,738	US$74.7m	-12.2%	0.09%
1.45%	Verition Fund Management LLC	700,767	US$56.8m	-15.5%	0.55%
1.34%	Reinhart Partners, LLC	649,296	US$52.6m	4.23%	1.25%
1.31%	Norges Bank Investment Management	631,045	US$51.2m	0%	no data
1.24%	Charles Schwab Investment Management, Inc.	600,177	US$48.7m	1%	0.01%
1.11%	BNPP Asset Management Holding	534,953	US$43.4m	3.6%	0.04%
1.1%	Northern Trust Global Investments	533,519	US$43.3m	3.33%	no data
1.05%	Silvercrest Asset Management Group LLC	505,674	US$41.0m	-14.7%	0.26%
1.01%	BNY Asset Management	486,181	US$39.4m	-0.62%	0.01%
0.93%	NFJ Investment Group, LLC	451,749	US$36.6m	-5.54%	1.13%
0.8%	The Goldman Sachs Group, Inc.	388,436	US$31.5m	-40.9%	0.01%
0.8%	Managed Account Advisors LLC	386,598	US$31.3m	-7.82%	no data
0.78%	First Trust Advisors LP	377,302	US$30.6m	1.85%	0.02%
0.77%	Eaton Vance Management	372,905	US$30.2m	0.93%	0.01%

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2026/06/18 21:32
End of Day Share Price	2026/06/18 00:00
Earnings	2026/03/31
Annual Earnings	2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Independent Bank Corp. is covered by 19 analysts. 6 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Bryce Rowe	Baird
Jared David Shaw	Barclays
David Bishop	D.A. Davidson & Co.