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Independent Bank (Independent Bank) Ending Cash Position : $224.3 Mil (As of Dec. 2023)


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What is Independent Bank Ending Cash Position?

Independent Bank's Ending Cash Position for the quarter that ended in Dec. 2023 was $224.3 Mil.

Independent Bank's quarterly Ending Cash Position declined from Jun. 2023 ($308.3 Mil) to Sep. 2023 ($220.1 Mil) but then increased from Sep. 2023 ($220.1 Mil) to Dec. 2023 ($224.3 Mil).

Independent Bank's annual Ending Cash Position declined from Dec. 2021 ($2,240.7 Mil) to Dec. 2022 ($352.9 Mil) and declined from Dec. 2022 ($352.9 Mil) to Dec. 2023 ($224.3 Mil).

Independent Bank Ending Cash Position Historical Data

The historical data trend for Independent Bank's Ending Cash Position 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.

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Independent Bank Ending Cash Position Chart

Independent Bank Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Ending Cash Position
Get a 7-Day Free Trial Premium Member Only Premium Member Only 150.97 1,296.64 2,240.68 352.93 224.33

Independent Bank Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Ending Cash Position 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 502.54 308.26 220.13 224.33 -

Independent Bank Ending Cash Position Calculation

Ending Cash Position is the cash and cash equivalents balance at the end of the accounting period, as indicated on the Cash Flow statement. It is equal to the Beginning Cash Position plus the Net Change in Cash.

Independent Bank's Ending Cash Position for the fiscal year that ended in Dec. 2023 is calculated as

Ending Cash Position= Beginning Cash Position+Net Change in Cash
=352.933+-128.603
=224.3

Independent Bank's Ending Cash Position for the quarter that ended in Dec. 2023 is calculated as

Ending Cash Position=Beginning Cash Position+Net Change in Cash
=220.128+4.202
=224.3

Independent Bank Ending Cash Position Related Terms

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Independent Bank (Independent Bank) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Independent Bank Corp (NAS:INDB) » Definitions » Ending Cash Position
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Traded in Other Exchanges
N/A
Address
2036 Washington Street, Hanover, MA, USA, 02339
Website
https://www.rocklandtrust.com
Independent Bank 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's revenue is derived from a wide array of banking services, including lending activities, acceptance of demand, savings, and time deposits, and investment management. Rockland has historically relied heavily on both organic growth and select merger and acquisition activity to drive growth. 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, most 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
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
Eileen C Miskell director C/O INDEPENDENT BANK CORP, 288 UNION STREET, ROCKLAND MA 02370
Edward H Seksay officer: General Counsel 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
Dawn Mugford officer: Chief Risk Officer C/O INDEPENDENT BANK CORP., 288 UNION STREET, ROCKLAND MA 02370
Donna L Abelli director 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