8-K/A filed September 10, 2025, 7:59 PM ET ticker INDB CIK 0000776901

M&A confidence high sentiment neutral materiality 0.80

INDEPENDENT BANK CORP (INDB): M&A transaction — Independent Bank Corp completes acquisition of Enterprise Bancorp; pro forma assets $25.05B

INDEPENDENT BANK CORP

Total consideration ~$503M: 0.60 INDB shares + $2 cash per Enterprise share; closed July 1, 2025.
Pro forma 6mo Jun'25 net income $98.7M ($1.97 diluted EPS); FY24 net income $219.2M ($4.38 diluted EPS).
Goodwill of $101.2M and $123.1M core deposit intangibles recorded in preliminary purchase allocation.
Pro forma deposits $20.26B, loans $18.46B, allowance $194M as of June 30, 2025.
Merger costs estimated at $47.3M post-tax; includes $34M change-in-control and severance.

Key facts

Extracted from this filing and checked against the source text.

M&A Transactions SEC 8-K Item 2.01/5.01 confidence 0.9

INDEPENDENT BANK CORP completed an acquisition involving Enterprise Bancorp, Inc. for approximately 7,478,906 shares of Independent common stock and an aggregate of $25.9 million in cash (closed 2025-07-01).

Action: acquisition
Counterparty: Enterprise Bancorp, Inc.
Consideration: approximately 7,478,906 shares of Independent common stock and an aggregate of $25.9 million in cash
Closing: 2025-07-01

Exact text from the filing

common stock and $2.00 in cash, with cash also to be paid in lieu of fractional shares. Total merger consideration payable to equity-holders consisted of approximately 7,478,906 shares of Independent common stock and an aggregate of $25.9 million in cash, which included approximately $902,000 in cash paid for stock option cancellations and $44,000 cash in

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5 m&a transactions filed in the last 30 days. Browse all m&a transactions →

INDEPENDENT BANK CORP filing history →

Source: SEC EDGAR

accession 0000776901-25-000295

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