---
schema_version: "secwatch.filing_event.v1"
accession: "0000776901-25-000295"
form_type: "8-K/A"
ticker: "INDB"
cik: "0000776901"
company_name: "INDEPENDENT BANK CORP"
filed_at: "2025-09-10T23:59:59+00:00"
generated_at: "2026-05-17T07:10:42.465663+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Independent Bank Corp completes acquisition of Enterprise Bancorp; pro forma assets $25.05B

## Summary
- 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.

## SEC filing metadata
- accession: 0000776901-25-000295
- form_type: 8-K/A
- ticker: INDB
- cik: 0000776901
- company_name: INDEPENDENT BANK CORP
- filed_at: 2025-09-10T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/776901/000077690125000295/0000776901-25-000295-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/776901/000077690125000295/indb-20250701.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000776901-25-000295
- JSON: https://secwatch.observer/filing/0000776901-25-000295.json
- Plain text: https://secwatch.observer/filing/0000776901-25-000295.txt

## Key facts
- M&A Transactions
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/776901/000077690125000295/0000776901-25-000295-index.htm

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