Independent Bank

Independent Bank Corp. operates as a bank holding company. The company provides commercial banking, retail banking, and wealth management services and is engaged in the sale of retail investments and insurance products in Massachusetts. It offers deposit products, including demand deposits, interest checking, money market accounts, savings accounts, and time certificates of deposit. The company provides real estate loans, which include commercial mortgages that are secured by non-residential properties, residential mortgages that are secured primarily by owner-occupied residences, and mortgages for the construction of commercial and residential properties. Independent Bank was founded in 1985 and is headquartered in Rockland, MA.

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

Earnings data Q1 2025

Earnings data Q2 2025

Earnings data Q3 2025

Earnings data Q4 2025

Earnings data Q1 2026

Independent Bank reports stable Q1 earnings amidst deposit challenges

Independent Bank's Q1 performance showcased financial stability and strategic initiatives to navigate industry challenges. While facing deposit outflows and margin pressures, the company remains focused on disciplined growth and cost management to drive future success.

Independent Bank (INDB) reports solid Q2 performance and strategic outlook

Independent Bank's Q2 2023 earnings call highlighted a robust performance, strong franchise, and strategic focus on profitability and operational efficiency. While facing challenges in net interest margin and asset quality, the bank remains optimistic about its ability to adapt and thrive in the evolving market landscape.

Independent Bank reports solid Q3 earnings, focuses on growth strategies

Independent Bank's Q3 performance reflects a balanced approach with stable deposit flows, strong fee income, and disciplined loan growth. The company aims to maintain operational resiliency, achieve top quartile performance, and enhance customer experience while addressing margin pressure and expense levels.

Independent Bank (INDB) posts strong Q4 earnings, eyes growth opportunities

Independent Bank (INDB) delivered a strong Q4 2023 performance with a focus on customer relationships, technology investments, and growth initiatives.
While facing challenges such as potential Fed rate cuts impact and expense management, the bank is well-positioned to capitalize on opportunities in organic growth and efficiency enhancements.
With a disciplined approach to M&A, successful stock buyback, and strategic cost-saving initiatives, Independent Bank aims for continued growth and value creation in 2024.

Independent Bank reports solid Q1 results, eyes securities growth

Independent Bank's Q1 performance reflects stability and growth in deposits, loans, and asset quality metrics.
Strengths lie in customer relationships, strategic priorities, and stable asset levels, while challenges include M&A opportunities and criticized loans.
Opportunities exist in increasing securities book, talent acquisition, and optimizing the balance sheet for better performance.
Overall, the bank's resilience and focus on disciplined growth position it well in the current environment.

Independent Bank (INDB) reports strong Q2 performance and eyes growth opportunities

Independent Bank's Q2 performance reflects resilience amidst challenges, leveraging strengths in asset quality and customer base. Strategic priorities focus on growth opportunities and managing risks to drive future profitability and shareholder value.

Independent Bank reports Q3 inflection point with growth opportunities

Independent Bank (INDB) reported an inflection point in Q3 with improved margins, continued deposit growth, and a focus on managing commercial real estate exposure. The bank's wealth management business grew to $7.2 billion AUA, while tangible book value increased by 9% year-over-year.
Challenges include a stressed commercial real estate loan moving to NPA status, impacting asset quality, and a migration of a large office relationship to nonperforming status. Opportunities lie in further growing the wealth management business, exploring M&A opportunities, and evaluating stock buyback economics.
Overall, Independent Bank demonstrated strength in managing deposit growth, expanding net interest margin, and actively assessing strategic opportunities. Clear communication and proactive risk management will be key in navigating challenges and capitalizing on growth opportunities.

Independent Bank Corp reports solid Q4 results and outlines growth strategies for 2025

Independent Bank Corp's Q4 performance showcased strength in key areas like net interest margin, credit quality, and loan growth, while also highlighting challenges in noninterest income and expense management.
The company's strategic focus on diversification, disciplined underwriting, and client-centric wealth management positions it well for future growth and navigating market uncertainties.
With a clear roadmap for 2025, including the Enterprise acquisition and operational upgrades, Independent Bank Corp is poised for continued success through prudent financial management and strategic initiatives.

Independent Bank reports solid Q1 results amidst credit challenges

Independent Bank's Q1 2025 performance reflected a mix of growth and challenges, with a focus on managing credit costs and expanding key business segments. The company's strengths lie in its Wealth and Investment Management businesses, along with its recognition for workplace culture and customer satisfaction. Challenges include elevated credit costs and the upcoming Enterprise acquisition, while opportunities exist in further business expansion and market differentiation. Overall, Independent Bank remains confident in its ability to navigate economic volatility with a strong foundation and strategic positioning.

Independent Bank (INDB) reports strong Q2 performance amidst strategic shifts

Independent Bank (INDB) navigated a transformative second quarter with strategic initiatives, solid financial performance, and a focus on operational enhancements. While facing economic uncertainties and credit quality challenges, INDB's strengths in strategic positioning, acquisitions, and wealth management offer avenues for sustained growth. Opportunities lie in optimizing profitability, diversifying revenue streams, and embracing technological advancements to drive efficiency and innovation.

Independent Bank (INDB) reports robust Q3 performance post Enterprise acquisition

Independent Bank's Q3 2025 performance reflects a strategic focus on organic growth and operational efficiency post the Enterprise acquisition. While facing challenges in expense management and cautious M&A approach, the bank maintains strong asset quality and aims for steady loan and deposit growth. Opportunities lie in leveraging current strengths for sustained financial expansion and market positioning.

Independent Bank Corp excels in Q4 2025, eyes growth opportunities

Independent Bank Corp's Q4 2025 performance reflects strong financial metrics, successful acquisitions, and strategic initiatives driving growth and shareholder value. While facing challenges in specific portfolios and operational aspects, the bank's focus on efficiency, customer relationships, and revenue diversification bodes well for future resilience. With a solid foundation, market recognition, and growth opportunities, Independent Bank Corp is poised to navigate challenges, capitalize on prospects, and deliver sustained value to stakeholders.