How many employees does Independent Bank Corp. have?

Independent Bank Corp. reported 2,294 employees for the fiscal year ending Dec 2025, in the annual report it filed on February 27, 2026. That is up 24.9% from a year earlier.

What is Independent Bank Corp.'s revenue per employee?

Independent Bank Corp. brought in $1.17B of revenue in fiscal Dec 2025, which is $509K per employee. That ranks 112 of 182 companies we track in Banks - Regional, where the median is $558K.

Where do these numbers come from?

Employee counts and revenue are taken from each company's own annual report (Form 10-K). Open roles are counted from the company's public job board where we have matched one. Companies report headcount once a year, sometimes rounded, so small changes can be noise.

Company data

Independent Bank Corp. employees and revenue per employee

INDB · Banks - Regional · $3.72B market cap

Independent Bank Corp. had 2,294 employees at the end of fiscal Dec 2025, up 24.9% from a year earlier. Revenue for the year was $1.17B, up 19.8% from a year earlier, or $509K per employee. Headcount grew faster than revenue.

Employees

2,294

+24.9% YoY

Revenue

$1.17B

+19.8% YoY

Revenue / employee

$509K

Peer median $558K

Rank in industry

112 of 182

Banks - Regional

Headcount against revenue

Both lines start at 100 in the first year we hold, so you can see which one grew faster.

EmployeesRevenueIndexed to 100 in Dec 2016

Hover a year for the numbers.

INDB employees and revenue by fiscal year
Year ending	Employees	Revenue	Per employee	Staff YoY	Revenue YoY
Dec 2025	2,294	$1.17B	$509K	+24.9%	+19.8%
Dec 2024	1,837	$974M	$530K	+2.8%	+6.9%
Dec 2023	1,787	$911M	$510K	+2.8%	+21.5%
Dec 2022	1,739	$750M	$431K	+2.8%	+45.3%
Dec 2021	1,691	$516M	$305K	+18.1%	+1.7%
Dec 2020	1,432	$507M	$354K	+6.2%	-8.8%
Dec 2019	1,348	$557M	$413K	+13.5%	+35.0%
Dec 2018	1,188	$412M	$347K	+7.2%	+15.5%
Dec 2017	1,108	$357M	$322K	+0.5%	+9.4%
Dec 2016	1,103	$326M	$296K	—	—

Open roles: we have not matched a verified job board for this company yet.

Employees, last six fiscal years

Revenue per employee, last six fiscal years

Independent Bank Corp. against similar companies

The closest industry peers by revenue, from Banks - Regional.

Company	Employees	Revenue	Revenue / employee	Shape
FHB First Hawaiian, Inc.	2,000	$1.17B	$584K	Leaner
FFBC First Financial Bancorp.	2,199	$1.26B	$573K	Hiring ahead
BOH Bank of Hawaii Corporation	1,877	$1.06B	$566K	Efficient growth
INDB Independent Bank Corp.	2,294	$1.17B	$509K	Hiring ahead
EBC Eastern Bankshares, Inc.	2,247	$1.06B	$471K	Hiring into decline
CBC Central Bancompany	2,765	$1.22B	$442K	—
TRMK Trustmark Corporation	2,543	$1.12B	$441K	Efficient growth
FBP First BanCorp.	3,218	$1.26B	$390K	Efficient growth
FIBK First Interstate BancSystem, Inc.	3,376	$1.06B	$313K	Contracting

Every Financial Services company

Questions about Independent Bank Corp.

How many employees does Independent Bank Corp. have?: Independent Bank Corp. reported 2,294 employees for the fiscal year ending Dec 2025, in the annual report it filed on February 27, 2026. That is up 24.9% from a year earlier.
What is Independent Bank Corp.'s revenue per employee?: Independent Bank Corp. brought in $1.17B of revenue in fiscal Dec 2025, which is $509K per employee. That ranks 112 of 182 companies we track in Banks - Regional, where the median is $558K.
Where do these numbers come from?: Employee counts and revenue are taken from each company's own annual report (Form 10-K). Open roles are counted from the company's public job board where we have matched one. Companies report headcount once a year, sometimes rounded, so small changes can be noise.

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More data

Compare INDB with the rest of the market

See who earns the most per employee, who is hiring, and who is cutting, across every company we track.

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Source: employee counts and revenue as stated in Independent Bank Corp.'s annual reports (Form 10-K), latest filed February 27, 2026. This is data, not a recommendation to buy or sell INDB.