---
schema_version: "secwatch.filing_event.v1"
accession: "0000776901-24-000173"
form_type: "8-K"
ticker: "INDB"
cik: "0000776901"
company_name: "INDEPENDENT BANK CORP"
filed_at: "2024-12-09T23:59:59+00:00"
generated_at: "2026-05-29T05:57:53.063361+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Independent Bank to acquire Enterprise Bancorp for ~$562M in cash/stock

## Summary
- Consideration: 0.60 INDB shares + $2 cash per EBTC share; ~$45.06/share based on INDB close of $71.77 on 12/6/24.
- Transaction valued at ~$562M aggregate; expected to close in second half 2025, subject to regulatory and EBTC shareholder approval.
- Expected ~16% EPS accretive in 2026 first full year; tangible book value earn-back within 3 years.
- Enterprise has $4.7B assets, $4.2B deposits, $1.5B wealth AUM; combined pro forma ~$25B assets.
- Enterprise directors/officers owning ~20.4% of EBTC shares have agreed to vote in favor; no INDB shareholder vote required.

## SEC filing metadata
- accession: 0000776901-24-000173
- form_type: 8-K
- ticker: INDB
- cik: 0000776901
- company_name: INDEPENDENT BANK CORP
- filed_at: 2024-12-09T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/776901/000077690124000173/0000776901-24-000173-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/776901/000077690124000173/indb-20241209.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000776901-24-000173
- JSON: https://secwatch.observer/filing/0000776901-24-000173.json
- Plain text: https://secwatch.observer/filing/0000776901-24-000173.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.