bank holding company · RSSD 1136803 · MA
How big is INDEPENDENT BANK CORP.?
INDEPENDENT BANK CORP. (MA, RSSD 1136803) reported consolidated total assets of $13.8B, deposits of $11.6B and a Tier 1 risk-based capital ratio of 13.85% in its FR Y-9C for 2021Q1. That ranks 128 of 349 bank holding companies by assets, 90 of 112 among bank holding companies with $10b-$100b in assets, 4 of 18 bank holding companies in massachusetts.
What stands out
INDEPENDENT BANK CORP. (MA, RSSD 1136803) reported consolidated total assets of $13.8B, deposits of $11.6B and a Tier 1 risk-based capital ratio of 13.85% in its FR Y-9C for 2021Q1. That ranks 128 of 349 bank holding companies by assets, 90 of 112 among bank holding companies with $10b-$100b in assets, 4 of 18 bank holding companies in massachusetts. Against its size class: tier 1 risk-based capital ratio 13.85%, above the peer median of 12.71%; tier 1 leverage ratio 9.63%, above the peer median of 9.14%; return on assets 1.21%, below the peer median of 1.33%. At 13.85% its Tier 1 risk-based ratio is above the 6% minimum of the Federal Reserve's capital rule in force since 2015; its leverage ratio of 9.63% is above the 4% minimum. Buffers, stress tests and the small-holding-company exemption are not applied here. This is the last quarter in the bulk series; the holding company may have filed later reports that are not loaded.
Key figures, 2021Q1
As filed on the FR Y-9C; ratios marked computed are FACTANKER's. Peer medians are percentile_cont over the group in the same quarter.
| Measure | 2021Q1 | Median, size class | Median, state | Median, all | Evidence |
|---|---|---|---|---|---|
| Total assets | $13.8B | $19.3B | $6.2B | $7.7B | record → |
| Total deposits | $11.6B | $16.0B | $5.1B | $6.1B | record → |
| Loans and leases | $9.3B | $12.3B | $4.1B | $5.3B | record → |
| Net income (year to date) | $41.7M | $64.7M | $13.5M | $25.6M | record → |
| Total equity capital | $1.7B | $2.4B | $687.8M | $832.0M | record → |
| Equity to assets | 12.45% | 10.99% | 10.12% | 10.46% | computed |
| Tier 1 risk-based capital ratio | 13.85% | 12.71% | 13.85% | 13.18% | record → |
| Total risk-based capital ratio | 15.61% | 14.79% | 15.61% | 15.34% | record → |
| Tier 1 leverage ratio | 9.63% | 9.14% | 9.36% | 9.48% | record → |
| Return on assets | 1.21% | 1.33% | 1.09% | 1.34% | computed |
Quarter by quarter
139 reports on record, 1986Q3–2021Q1; the 40 most recent shown.
| Quarter | Total assets | Deposits | Loans | Net income YTD | Equity | Tier 1 ratio | Rank |
|---|---|---|---|---|---|---|---|
| 2021Q1 | $13.8B | $11.6B | $9.3B | $41.7M | $1.7B | 13.85% | 128 |
| 2020Q4 | $13.2B | $11.0B | $9.5B | $121.2M | $1.7B | 13.34% | 127 |
| 2020Q3 | $13.2B | $10.9B | $9.5B | $86.5M | $1.7B | 13.08% | 128 |
| 2020Q2 | $13.0B | $10.7B | $9.4B | $51.7M | $1.7B | 12.94% | 131 |
| 2020Q1 | $12.0B | $9.4B | $9.0B | $26.8M | $1.7B | 12.60% | 128 |
| 2019Q4 | $11.4B | $9.2B | $8.9B | $165.2M | $1.7B | 13.53% | 131 |
| 2019Q3 | $11.5B | $9.3B | $9.0B | $117.7M | $1.7B | 13.19% | 131 |
| 2019Q2 | $11.6B | $9.3B | $9.1B | $65.9M | $1.6B | 12.75% | 126 |
| 2019Q1 | $9.0B | $7.5B | $7.0B | $35.2M | $1.1B | 13.11% | 140 |
| 2018Q4 | $8.9B | $7.4B | $6.9B | $121.6M | $1.1B | 12.99% | 139 |
| 2018Q3 | $8.4B | $7.0B | $6.5B | $91.7M | $998.3M | 13.07% | 140 |
| 2018Q2 | $8.4B | $7.0B | $6.5B | $58.7M | $977.1M | 12.73% | 139 |
| 2018Q1 | $8.1B | $6.8B | $6.4B | $27.6M | $956.1M | 12.57% | 140 |
| 2017Q4 | $8.1B | $6.7B | $6.4B | $87.2M | $943.8M | 12.31% | 140 |
| 2017Q3 | $8.1B | $6.7B | $6.3B | $65.1M | $931.2M | 12.24% | 141 |
| 2017Q2 | $8.0B | $6.7B | $6.3B | $41.3M | $914.6M | 12.07% | 141 |
| 2017Q1 | $7.7B | $6.5B | $6.1B | $20.7M | $877.5M | 12.05% | 144 |
| 2016Q4 | $7.7B | $6.4B | $6.0B | $76.6M | $864.7M | 11.99% | 144 |
| 2016Q3 | $7.5B | $6.3B | $5.8B | $59.5M | $818.2M | 12.01% | 146 |
| 2016Q2 | $7.4B | $6.2B | $5.7B | $39.0M | $803.9M | 11.88% | 145 |
| 2016Q1 | $7.2B | $6.0B | $5.6B | $18.6M | $788.1M | 11.90% | 144 |
| 2015Q4 | $7.2B | $6.0B | $5.6B | $65.0M | $771.5M | 11.71% | 142 |
| 2015Q3 | $7.1B | $5.9B | $5.5B | $45.5M | $759.2M | 11.58% | 140 |
| 2015Q2 | $7.2B | $6.0B | $5.4B | $26.9M | $743.3M | 11.48% | 137 |
| 2015Q1 | $6.9B | $5.7B | $5.4B | $9.5M | $732.9M | 11.31% | 138 |
| 2014Q4 | $6.4B | $5.2B | $5.0B | $59.8M | $640.5M | 10.88% | 138 |
| 2014Q3 | $6.4B | $5.3B | $5.0B | $43.9M | $627.2M | 10.75% | 139 |
| 2014Q2 | $6.3B | $5.3B | $4.9B | $28.1M | $616.5M | 10.65% | 138 |
| 2014Q1 | $6.2B | $5.1B | $4.8B | $13.4M | $602.6M | 10.76% | 143 |
| 2013Q4 | $6.1B | $5.0B | $4.7B | $50.3M | $591.5M | 10.78% | 143 |
| 2013Q3 | $5.9B | $4.8B | $4.6B | $39.7M | $555.7M | 10.82% | 145 |
| 2013Q2 | $5.9B | $4.7B | $4.6B | $25.0M | $543.6M | 10.62% | 142 |
| 2013Q1 | $5.7B | $4.6B | $4.5B | $12.3M | $537.6M | 10.57% | 143 |
| 2012Q4 | $5.8B | $4.5B | $4.6B | $42.6M | $529.3M | 10.36% | 140 |
| 2012Q3 | $5.2B | $4.1B | $4.1B | $32.7M | $493.0M | 10.72% | 146 |
| 2012Q2 | $5.1B | $4.1B | $4.0B | $21.1M | $483.6M | 10.64% | 144 |
| 2012Q1 | $5.0B | $3.9B | $3.9B | $12.2M | $478.9M | 10.71% | 147 |
| 2011Q4 | $5.0B | $3.9B | $3.8B | $45.4M | $469.1M | 10.74% | 125 |
| 2011Q3 | $4.9B | $3.8B | $3.7B | $34.3M | $461.1M | 10.62% | 124 |
| 2011Q2 | $4.8B | $3.8B | $3.7B | $22.3M | $455.7M | 10.46% | 124 |
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