Earnings summaries and quarterly performance for INDEPENDENT BANK.
Executive leadership at INDEPENDENT BANK.
Jeffrey Tengel
Detailed
Chief Executive Officer and President
CEO
GN
Gerard Nadeau
Detailed
President, Rockland Trust Company
JR
James Rizzo
Detailed
Chief Commercial Banking Officer, Rockland Trust Company
KO
Kathryn O’Malley
Detailed
Chief Credit Officer, Rockland Trust Company
LP
Lee Powlus
Detailed
Chief Technology and Operations Officer, Rockland Trust Company
MH
Maria Harris
Detailed
Chief Human Resources Officer, Rockland Trust Company
MR
Mark Ruggiero
Detailed
Chief Financial Officer
PN
Patricia Natale
Detailed
General Counsel and Corporate Secretary
Board of directors at INDEPENDENT BANK.
AR
Aparna Ramesh
Detailed
Director
DO
Daniel O’Brien
Detailed
Director
DP
Dawn Perry
Detailed
Director
DA
Donna Abelli
Detailed
Chair of the Board
EM
Eileen Miskell
Detailed
Director
JO
James O’Shanna Morton
Detailed
Director
JM
John Morrissey
Detailed
Director
LO
Leif O’Leary
Detailed
Director
ML
Mary Lentz
Detailed
Director
MH
Michael Hogan
Detailed
Director
SS
Scott Smith
Detailed
Director
SP
Susan Perry O’Day
Detailed
Director
TV
Thomas Venables
Detailed
Director
Research analysts who have asked questions during INDEPENDENT BANK earnings calls.
MF
Mark Fitzgibbon
Piper Sandler & Co.
7 questions for INDB
Also covers: AMAL, BHLB, BRKL +12 more
LH
Laurie Hunsicker
Seaport Research Partners
5 questions for INDB
Also covers: BHLB, BRKL, EBC +3 more
Christopher O'Connell
Keefe, Bruyette, & Woods, Inc.
3 questions for INDB
Also covers: AMAL, ASB, BHLB +10 more
DK
David Konrad
Keefe, Bruyette & Woods (KBW)
3 questions for INDB
Also covers: AMAL, BLFY, BRKL +9 more
SM
Stephen Moss
Raymond James Financial, Inc.
3 questions for INDB
Also covers: AUB, BRKL, BWFG +13 more
SM
Steve Moss
Raymond James
3 questions for INDB
Also covers: AUB, BRKL, BWFG +12 more
Jared Shaw
Barclays
2 questions for INDB
Also covers: ASB, BANC, BKU +23 more
LH
Laura Havener Hunsicker
Seaport Research Partners
2 questions for INDB
Also covers: BHLB, BRKL, EBC +2 more
DC
David Conrad
KVW
1 question for INDB
Also covers: DCOM, FULT, MCB +1 more
TR
Thomas R
Raymond James Financial
1 question for INDB
Recent press releases and 8-K filings for INDB.
Independent Bank Corp. Reports Strong Q4 2025 Results and Provides 2026 Guidance
INDB
Earnings
Guidance Update
Share Buyback
- Independent Bank Corp. reported Q4 2025 adjusted operating net income of $84.4 million and diluted EPS of $1.70, resulting in an adjusted return on assets of 1.34%.
- The company achieved significant Net Interest Margin (NIM) expansion in Q4 2025, with the reported margin increasing 15 basis points to 3.77% and the adjusted margin rising 10 basis points to 3.64%, primarily due to a 12 basis point reduction in the cost of deposits to 1.46%.
- In 2025, INDB returned $164 million of capital to shareholders, including the repurchase of 913,000 shares for $61 million, and repurchased an additional 548,000 shares for $37.5 million in Q4 2025, with a commitment to continue returning excess capital in 2026.
- For Q4 2026, the company targets a return on average assets of 1.4% and a return on average tangible capital of 15%, with an estimated net interest margin in the range of 3.85%-3.90%.
- The strategic focus for 2026 is on organic growth, expense management, and capital optimization, which includes a core systems conversion scheduled for October 2026, while bank M&A is not a current priority.
Jan 23, 2026, 3:00 PM
Independent Bank Corp. Reports Strong Q4 2025 Results and Provides 2026 Guidance
INDB
Earnings
Guidance Update
Share Buyback
- Independent Bank Corp. reported Q4 2025 GAAP net income of $75.3 million and diluted earnings per share of $1.52, with adjusted operating net income at $84.4 million and adjusted diluted EPS at $1.70.
- The company achieved significant performance improvements from Q1 2025 to Q4 2025, with operating EPS increasing by 60%, operating ROAA rising by 40 basis points, and operating ROTC improving by 529 basis points.
- The integration of the Enterprise acquisition was successful, retaining almost 100% of client-facing personnel and exceeding the 95% deposit retention target for all acquired branches.
- For 2026, Independent Bank Corp. targets a Q4 2026 return on average assets of 1.4% and a return on average tangible capital of 15%, with projected mid-single-digit C&I loan growth and a net interest margin of 3.85%-3.90%.
- The company returned $164 million of capital to shareholders in 2025, including $61 million for share repurchases, and plans to keep capital fairly flat via buybacks through 2026 to optimize capital towards long-term targets of 11.75%-12% CET1 and 8.75%-9% tangible capital.
Jan 23, 2026, 3:00 PM
INDB Reports Strong Q4 2025 Results and Provides 2026 Guidance
INDB
Earnings
Guidance Update
Share Buyback
- INDB reported Q4 2025 adjusted operating EPS of $1.70, with an operating return on average assets of 1.34% and an operating return on average tangible common equity of 14.30%.
- The company achieved Net Interest Margin (NIM) expansion in Q4 2025, with the reported margin increasing 15 basis points to 3.77% and the adjusted margin rising 10 basis points to 3.64%.
- For the full year 2025, INDB returned $164 million of capital to shareholders, including the repurchase of 913,000 shares for $61 million. In Q4 2025, 548,000 shares were repurchased for $37.5 million.
- INDB set Q4 2026 profitability targets of 1.4% Return on Average Assets and 15% Return on Average Tangible Capital, expecting NIM to grow to 3.85%-3.90% by Q4 2026.
- Management is not focused on bank M&A at present, prioritizing organic growth, expense management, and a core system conversion, but would consider RIA acquisitions.
Jan 23, 2026, 3:00 PM
Independent Bank Corp. Announces Q4 2025 Results
INDB
Earnings
Share Buyback
M&A
- Independent Bank Corp. (INDB) reported GAAP net income of $75.3 million and diluted earnings per share (EPS) of $1.52 for the fourth quarter of 2025.
- Operating EPS increased 9.7% over the prior quarter, reaching $1.70 in Q4 2025.
- The company repurchased approximately 548,000 shares for $37.5 million during the quarter.
- Total loans increased by $52 million (0.28%) to $18,504 million, while total deposits decreased by $169 million (0.8%) to $20,127 million from Q3 2025 to Q4 2025.
- The reported Net Interest Margin (NIM) for Q4 2025 was 3.77%, with the adjusted NIM at 3.64%, reflecting a 10 basis point increase over the prior quarter.
Jan 23, 2026, 3:00 PM
INDB Reports Strong Q4 2025 Net Income and Operating EPS Growth
INDB
Earnings
Share Buyback
Revenue Acceleration/Inflection
- Independent Bank Corp. reported Q4 2025 net income of $75.3 million, or $1.52 per diluted share, with operating net income reaching $84.4 million, or $1.70 per diluted share, representing a 9.7% increase in operating diluted EPS over the prior quarter.
- The Company generated a return on average assets of 1.20% and an operating return on average assets of 1.34% for Q4 2025, alongside a net interest margin of 3.77%, which increased 15 basis points compared to the prior quarter.
- Asset quality improved, with nonperforming loans decreasing to $83.6 million at December 31, 2025, and delinquencies as a percentage of total loans decreasing 17 basis points to 0.32%. The provision for credit losses also significantly decreased to $4.8 million from $38.5 million in the prior quarter.
- Independent Bank Corp. repurchased approximately 548,000 shares for $37.5 million during the fourth quarter, and tangible book value per share grew by $1.04 to $47.55 at December 31, 2025.
Jan 22, 2026, 9:18 PM
INDB Reports Q3 2025 Financial Highlights and Enterprise Acquisition Update
INDB
Earnings
M&A
Share Buyback
- Independent Bank Corp. (INDB) reported Q3 2025 GAAP diluted EPS of $0.69 and operating diluted EPS of $1.55, with a net interest margin of 3.62%.
- The company successfully closed the Enterprise acquisition on July 1, 2025, adding $5.1 billion in assets, $3.9 billion in loans, and $4.4 billion in deposits. The tangible book value dilution from the acquisition was 7.0%, which was less than the originally anticipated 9.8%.
- As of September 30, 2025, INDB's total assets were $25.0 billion, with $18.5 billion in loans and $20.3 billion in deposits.
- INDB maintains a strong capital position with a Common Equity Tier 1 ratio of 12.84% and a Total Capital ratio of 15.68% as of September 30, 2025. The company also repurchased approximately 365,000 shares for $23.4 million during Q3 2025.
Dec 15, 2025, 9:11 PM
INDEPENDENT BANK CORP. Reports Q3 2025 Financial Highlights and Enterprise Acquisition Impact
INDB
Earnings
M&A
Share Buyback
- For Q3 2025, INDEPENDENT BANK CORP. reported net income of $34.3 million and diluted EPS of $0.69, with operating net income of $77.4 million and operating diluted EPS of $1.55.
- As of September 30, 2025, the company's key metrics included total assets of $25.0 billion, loans of $18.5 billion, and deposits of $20.3 billion.
- The Enterprise acquisition closed on July 1, 2025, contributing $5.1 billion in assets, $3.9 billion in loans, $4.4 billion in deposits, and $1.5 billion of Wealth AUA. The tangible book value dilution was 7.0%, lower than the initially projected 9.8%.
- The company's Net Interest Margin (NIM) increased by 25 basis points to 3.62% in Q3 2025.
- During Q3 2025, approximately 365,000 shares were repurchased for $23.4 million.
Nov 3, 2025, 9:10 PM
Independent Bank Corp. Announces Q3 2025 Results and Q4 2025 Guidance
INDB
Earnings
M&A
Guidance Update
- Independent Bank Corp. reported Q3 2025 GAAP net income of $34.3 million (diluted EPS of $0.69) and operating net income of $77.4 million (operating diluted EPS of $1.55).
- The Enterprise acquisition closed on July 1, 2025, contributing $5.1 billion in assets, $3.9 billion in loans, $4.4 billion in deposits, and $1.5 billion of Wealth AUA. This acquisition also led to $23.9 million in merger and acquisition expenses in Q3 2025.
- The net interest margin (NIM) increased by 25 basis points to 3.62% in Q3 2025. Wealth Assets Under Administration (AUA) grew to $9.2 billion, driven by the Enterprise acquisition and $360 million in organic growth.
- For Q4 2025, the company expects low-single digit percentage increases in loans and deposits, a 4-6 basis point margin expansion, and a decrease in core non-interest expenses of approximately $2 million due to additional Enterprise cost saves.
Oct 17, 2025, 2:00 PM
INDB Reports Q3 2025 Financial Results and Enterprise Acquisition Update
INDB
Earnings
M&A
Guidance Update
- INDB reported Q3 2025 GAAP net income of $34.3 million and diluted EPS of $0.69, with an adjusted operating net income of $77.4 million or $1.55 diluted EPS. The net interest margin improved by 25 basis points from the prior quarter to 3.62%.
- The company successfully closed the Enterprise transaction on July 1 and completed systems conversion, with integration proceeding well and retaining nearly 100% of client-facing personnel. The deal resulted in a tangible book dilution of approximately 7%, which was lower than the original 9.8% estimate.
- INDB reaffirmed guidance to achieve 30% cost savings on the acquired Enterprise expense base by 2026. For Q4 2025, the company anticipates 4 to 6 basis points of net interest margin expansion on an adjusted basis and a decrease of approximately $2 million in core non-interest expenses.
- The company repurchased $23.4 million of capital at an average price of $64.07 per share during the quarter. Organic C&I loan balances increased over 13% annualized for the quarter, and total Assets Under Administration (AUA) grew to $9.2 billion as of September 30.
Oct 17, 2025, 2:00 PM
INDB Reports Strong Q3 2025 Operating Results and Progress on Enterprise Integration
INDB
Earnings
M&A
Guidance Update
- For Q3 2025, INDB reported adjusted operating net income of $77.4 million, diluted EPS of $1.55, and an operating return on average tangible common equity that improved to 13.2%.
- The company successfully closed the Enterprise acquisition on July 1 and completed the systems conversion, bringing an additional $1.4 billion in assets under administration and reaffirming guidance for 30% cost saves to be fully realized by Q1 2026.
- The reported net interest margin (NIM) improved by 25 basis points to 3.62% for Q3 2025, with guidance anticipating an additional 4 to 6 basis points of expansion on an adjusted basis for Q4.
- Organic C&I loan balances increased over 13% on an annualized basis for the quarter, and the company projects low to mid-single-digit loan growth for the next year.
- Asset quality remains strong, with net charge-off activity at $1.8 million for the quarter, and total non-performing assets at 0.35% of total assets as of September 30, 2023 (likely 2025).
Oct 17, 2025, 2:00 PM
Quarterly earnings call transcripts for INDEPENDENT BANK.
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