Independent Bk Corp Mass Stock Price, News & Analysis

Independent Bank Corp (Nasdaq: INDB) reported Q3 2025 net income of $34.3M or $0.69 diluted EPS, down from $51.1M ($1.20) in Q2 2025. Results included $23.9M pre-tax merger costs and a $34.5M provision for credit losses tied to the July 1, 2025 acquisition of Enterprise Bancorp.

Excluding those items, operating net income was $77.4M or $1.55 per diluted share. The Enterprise deal added 27 branches, $3.9B loans and $4.4B deposits. Key metrics: net interest margin 3.62% (+25 bps), loans $18.5B (+27.0% QoQ), deposits $20.3B (+27.7% QoQ), and assets under administration $9.2B.

Independent Bank Corp (NASDAQ: INDB) will host its Third Quarter 2025 earnings conference call on Friday, October 17, 2025 at 10:00 AM ET.

Access options include dial-in at 888-336-7153 (reference INDB), pre-registration at https://dpregister.com/sreg/10203638/1001737c342 for an immediate PIN, or live webcast at https://indb.rocklandtrust.com under "Third Quarter 2025 Earnings Conference Call."

A telephonic replay is available through October 24, 2025 by calling 877-344-7529 (replay number 5617042). The webcast replay will be available through October 17, 2026. Independent Bank Corp is the holding company for Rockland Trust, a full-service commercial bank serving Eastern Massachusetts, Worcester County, Southern New Hampshire, and nearby regions.

Independent Bank Corp. (NASDAQ:INDB), the parent company of Rockland Trust Company, has declared a quarterly dividend of $0.59 per share. The dividend will be distributed to shareholders of record as of September 29, 2025, with the payment scheduled for October 7, 2025.

Independent Bank Corp. (NASDAQ:INDB) reported strong Q2 2025 financial results with net income of $51.1 million, or $1.20 per diluted share, up from Q1's $44.4 million. Operating net income, excluding merger costs, reached $53.5 million ($1.25 per share).

The bank demonstrated solid performance with total assets reaching $20.0 billion, deposits growing to $15.9 billion (1.4% increase), and loans at $14.5 billion. The net interest margin was 3.37%, while the cost of deposits decreased to 1.54%. Asset quality improved with nonperforming loans decreasing to 0.39% of total loans.

Notable announcements include a new $150 million stock repurchase plan through July 2026 and the completion of Enterprise Bancorp acquisition, with core operating conversion scheduled for October 2025.

Independent Bank Corp. (NASDAQ: INDB), parent company of Rockland Trust Company, has scheduled its second quarter 2025 earnings conference call for July 18, 2025, at 10:00 AM Eastern Time.

Investors can access the call via telephone at 888-336-7153 (reference: INDB) or through pre-registration online. A replay will be available until July 25, 2025. The webcast can be accessed through the company's website and will remain available for replay until July 18, 2026.

Rockland Trust operates as a full-service commercial bank with branches across Eastern Massachusetts, Worcester County, and Southern New Hampshire, offering banking, investment, and insurance services to individuals, families, and businesses.

Independent Bank Corp. (NASDAQ:INDB) has completed its acquisition of Enterprise Bancorp, Inc. (NASDAQ:EBTC), effective July 1, 2025. Under the merger terms, Enterprise shareholders will receive 0.60 shares of Independent's common stock and $2.00 in cash for each Enterprise share, with fractional shares paid in cash at $61.61 per share.

The transaction involves the issuance of approximately 7.5 million shares of Independent common stock and an aggregate cash payment of $25.8 million. Following the acquisition, Independent's total outstanding shares will increase to approximately 50,107,000. The core product and customer account conversions are scheduled for October 11, 2025.

As part of the merger, Kenneth J. Ansin and Joseph C. Lerner have been appointed to Independent's Board of Directors as Class I and Class II Directors, respectively. Additionally, Enterprise's Chairman and Founder, George Duncan, will serve in a consultative role for one year to support the integration process.

[ "Strategic expansion through acquisition of Enterprise Bancorp", "Retention of key Enterprise leadership through board appointments", "Structured transition with Enterprise's founder serving as consultant", "Clear merger consideration terms with both stock and cash components" ]

Independent Bank Corp. (NASDAQ: INDB), the parent company of Rockland Trust Company, has declared a quarterly dividend of $0.59 per share. The dividend is scheduled to be paid on July 7, 2025, to shareholders who are recorded as stockholders at the close of business on June 30, 2025. This dividend announcement demonstrates the company's commitment to providing regular returns to its shareholders.

Independent Bank Corp. (NASDAQ: INDB) and Enterprise Bancorp, Inc. (NASDAQ: EBTC) have received all necessary regulatory approvals for their proposed merger, with the transaction expected to close on July 1, 2025. The merger combines two community-oriented banks, with Rockland Trust (Independent's subsidiary) acquiring Enterprise Bank and Trust Company. Jeffrey Tengel, CEO of Rockland Trust, emphasized the milestone achievement and highlighted the importance of colleagues, customers, and communities in the merger's success. Enterprise Bank's CEO Steven Larochelle expressed confidence that joining Rockland Trust will expand opportunities while maintaining their commitment to customer and community service.

Independent Bank Corp (INDB) reported Q1 2025 net income of $44.4 million ($1.04 per diluted share), down from Q4 2024's $50.0 million ($1.18 per diluted share). The decline was primarily due to higher loan loss provisions.

Key financial metrics include:

• Net interest margin increased to 3.42% (up 9 basis points)
• Deposits grew by $370.0 million to $15.7 billion (2.4% increase)
• Loan balances remained stable at $14.5 billion
• Company raised $300 million in subordinated debt
• Quarterly dividend increased by 4%

Asset quality showed mixed results with net charge-offs increasing to $40.9 million (1.14% of average loans annualized), primarily from three commercial loans. Nonperforming loans decreased to $89.5 million (0.62% of total loans) from $101.5 million in Q4 2024.