Mark Fitzgibbon

Christopher O'Connell

Stephen Moss

Laura Havener Hunsicker

Laurie Hunsicker

David Konrad

Thomas R

- The **Enterprise Bancorp acquisition** closed on **July 1, 2025**, with systems conversion planned for **mid-October**, and full cost savings anticipated in **Q1 2026**.  **[776901_0000776901-25-000291_investorpresentationslid.htm:0]**  The updated estimated tangible book value dilution is **(7.2)%**, or **(6.1)%** excluding CECL "double count".  **[776901_0000776901-25-000291_investorpresentationslid.htm:0]** 
- For **Q2 2025**, Independent Bank Corp. reported **GAAP net income** of **$51.1 million** and **diluted EPS** of **$1.20**.  **[776901_0000776901-25-000291_investorpresentationslid.htm:8]**  Operating net income was **$53.5 million** and operating diluted EPS was **$1.25**.  **[776901_0000776901-25-000291_investorpresentationslid.htm:8]** 
- The company maintains a strong capital position with a **Common Equity Tier 1 ratio** of **14.70%** as of **June 30, 2025**.    A **$150 million** share repurchase program was announced in July 2025, with **$20.3 million** used to repurchase **321,000 shares** through **August 28, 2025**.   
- Management projects a **Q3 2025 standalone net interest margin (NIM) increase** of **+4-6 bps**, with an additional **+17-20 bps** benefit from purchase accounting related to the Enterprise Bancorp acquisition.

INDEPENDENT BANK (INDB)