Thomas R's questions to Independent Bank Corp (Massachusetts) (INDB) leadership • Q2 2025
Question
Thomas R of Raymond James inquired about new loan origination yields, the competitive landscape for lending, and the drivers behind the success of Rockland Trust's small business lending portfolio.
Answer
CEO Jeffrey Tengel noted broad-based loan originations and intense competition in C&I lending. CFO Mark Ruggiero specified Q2 commercial loan yields were in the high 6% range. Regarding small business lending, Tengel attributed its success to experienced bankers and a nimble underwriting process, which he expects to continue.