Why Are Independent Bank (INDB) Shares Soaring TodayShares of regional banking company Independent Bank (
NASDAQ:INDB) jumped 5.7% in the morning session after the company reported second-quarter financial results that beat Wall Street estimates for both adjusted earnings per share and revenue.
Independent Bank’s (NASDAQ:INDB) Q2 Sales Beat EstimatesRegional banking company Independent Bank (
NASDAQ:INDB) reported revenue ahead of Wall Street’s expectations in Q2 CY2025, with sales up 6.8% year on year to $181.8 million. Its GAAP profit of $1.20 per share was 2.4% below analysts’ consensus estimates.
Independent Bank Corp. Reports Second Quarter Net Income of $51.1 Million
Independent Bank Corp. (Nasdaq Global Select Market: INDB), parent of Rockland Trust Company, today announced 2025 second quarter net income of $51.1 million, or $1.20 per diluted share, as compared to 2025 first quarter net income of $44.4 million, or $1.04 per diluted share. The increase in net income was primarily driven by higher revenues and a lower loan loss provision. These financial results include pre-tax merger-related costs of $2.2 million and $1.2 million for the second and first quarter of 2025, respectively, associated with the Company’s recently completed acquisition of Enterprise Bancorp, Inc. (“Enterprise”) and its subsidiary, Enterprise Bank. Excluding merger-related costs and the related tax effects, 2025 second quarter operating net income was $53.5 million, or $1.25 per diluted share, compared to $45.3 million, or $1.06 per diluted share for the first quarter of 2025(1).
Independent Bank (INDB) Reports Q2: Everything You Need To Know Ahead Of EarningsRegional banking company Independent Bank (
NASDAQ:INDB) will be reporting results this Thursday after market hours. Here’s what investors should know.
Independent Bank Corp.’s Announcement of Date of Second Quarter Conference Call
Independent Bank Corp. (Nasdaq Global Select Market: INDB), parent of Rockland Trust Company, will host its quarterly conference call to discuss second quarter results on Friday, July 18, 2025, at 10:00 AM Eastern Time. Telephonic access will be available by dial-in at 888-336-7153 reference: INDB. Participants may also choose to pre-register for the conference by navigating to https://dpregister.com/sreg/10200019/ff2d0018a8 which will provide a unique PIN to the participant which allows immediate access to the call. A replay of the call will be available by calling 877-344-7529, Replay Conference Number: 5907181 which will be available through July 25, 2025.
Independent Bank Corp. Announces Completion of Enterprise Bancorp, Inc. Acquisition and Appointment of Kenneth S. Ansin and Joseph C. Lerner as Directors
Independent Bank Corp. (“Independent” or the “Company”) (Nasdaq Global Select Market: INDB), parent of Rockland Trust Company (“Rockland Trust”), today announced the closing of its acquisition of Enterprise Bancorp, Inc. (“Enterprise”) (Nasdaq Global Select Market: EBTC), parent of Enterprise Bank and Trust Company (“Enterprise Bank”). The legal closing was effective July 1, 2025 and resulted in Enterprise merging with and into Independent, with Independent as the surviving entity, and Enterprise Bank merging with and into Rockland Trust, with Rockland Trust as the surviving entity. Although the legal closing was effective as of July 1, 2025, the core product and customer account conversions are expected to occur over the weekend of October 11, 2025. Enterprise Bank customers will be receiving detailed communications regarding product and account conversions.
INDB Q1 Deep Dive: Credit Resolution and Strategic Shift Shape OutlookRegional banking company Independent Bank (
NASDAQ:INDB) announced better-than-expected revenue in Q1 CY2025, with sales up 6.5% year on year to $178 million. Its non-GAAP profit of $1.06 per share was 9% below analysts’ consensus estimates.
Independent Bank Corp. Announces Quarterly Dividend
The Board of Directors of Independent Bank Corp. (Nasdaq Global Select Market: INDB), parent of Rockland Trust Company, today announced a $0.59 per share dividend. The dividend will be payable on July 7, 2025, to stockholders of record as of the close of business on June 30, 2025.
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Independent Bank Corp. and Enterprise Bancorp, Inc. Announce the Receipt of All Regulatory Approvals and Anticipated Closing Date
Independent Bank Corp. (
NASDAQ: INDB) (“Independent”), parent of Rockland Trust Company (“Rockland Trust”), and Enterprise Bancorp, Inc. (
NASDAQ: EBTC) (“Enterprise”), parent of Enterprise Bank and Trust Company (“Enterprise Bank”), jointly announce the following in connection with Independent’s proposed acquisition of Enterprise:
Independent Bank Corp. Reports First Quarter Net Income of $44.4 Million
Independent Bank Corp. (Nasdaq Global Select Market: INDB), parent of Rockland Trust Company, today announced 2025 first quarter net income of $44.4 million, or $1.04 per diluted share, as compared to 2024 fourth quarter net income of $50.0 million, or $1.18 per diluted share. The decline was primarily driven by a higher loan loss provision. These financial results include pre-tax merger-related costs of $1.2 million and $1.9 million for the first quarter of 2025 and fourth quarter of 2024, respectively, associated with the Company’s pending acquisition of Enterprise Bancorp, Inc. (“Enterprise”) and its subsidiary, Enterprise Bank. Excluding merger-related costs and the related tax effects, 2025 first quarter operating net income was $45.3 million, or $1.06 per diluted share, compared to $51.4 million, or $1.21 per diluted share for the 2024 fourth quarter. Please refer to Appendix B for a reconciliation of Non-GAAP earnings metrics.
Independent Bank Corp.’s Announcement of Date of First Quarter Conference Call
Independent Bank Corp. (Nasdaq Global Select Market: INDB), parent of Rockland Trust Company, will host its quarterly conference call to discuss first quarter results on Thursday, April 17, 2025, at 5:30 PM Eastern Time. Telephonic access will be available by dial-in at 888-336-7153 reference: INDB. Participants may also choose to pre-register for the conference by navigating to https://dpregister.com/sreg/10196701/fe73a708c2 which will provide a unique PIN to the participant which allows immediate access to the call. A replay of the call will be available by calling 877-344-7529, Replay Conference Number: 6859369 which will be available through April 25, 2025.
Independent Bank Corp. Announces 4% Increase in Quarterly Dividend
The Board of Directors of Independent Bank Corp. (Nasdaq Global Select Market: INDB), parent of Rockland Trust Company, today announced a $0.59 per share dividend, representing a $0.02 increase from the prior quarter. The dividend will be payable on April 7, 2025, to stockholders of record as of the close of business on March 31, 2025.
Independent Bank Corp. and Rockland Trust Company Expands Board of Directors with Three Accomplished Leaders
Independent Bank Corp. (Nasdaq Global Select Market: INDB), parent of Rockland Trust Company, announces the appointment of Leif O’Leary, Dawn Perry, and Aparna Ramesh to its Board of Directors effective April 1, 2025. Their demonstrated expertise in technology-driven innovation, legal oversight, and financial stewardship will further enhance the Bank’s strong commitment to sound governance and long-term growth.
Independent Bank Corp. Reports Fourth Quarter Net Income of $50.0 Million
Independent Bank Corp. (Nasdaq Global Select Market: INDB), parent of Rockland Trust Company, today announced 2024 fourth quarter net income of $50.0 million, or $1.18 per diluted share, as compared to 2024 third quarter net income of $42.9 million, or $1.01 per diluted share. Financial results for the fourth quarter of 2024 also reflected pre-tax merger-related costs of $1.9 million associated with the Company’s pending acquisition of Enterprise Bancorp, Inc. (“Enterprise”) and its subsidiary, Enterprise Bank, announced on December 9, 2024. Excluding these merger-related costs and the related tax effects, operating net income was $51.4 million, or $1.21 per diluted share. No merger-related costs were incurred during the third quarter of 2024. The increase in net income was largely attributable to growth in net interest income, a decrease in loan loss provision, and a reduced tax rate compared to the prior quarter, as detailed below. Full year 2024 net income was $192.1 million, or $4.52 per diluted share, as compared to prior year net income of $239.5 million, or $5.42 per diluted share. In addition, full year operating net income was $193.4 million, or $4.55 on a diluted earnings per share basis, which excluded the aforementioned merger-related costs associated with the pending Enterprise acquisition. There were no non-core adjustments included in the Company’s full year 2023 results. Please refer to “Reconciliation of Net Income (GAAP) to Operating Net Income (Non-GAAP)” below for a reconciliation of net income to operating net income.
