secwatch.observer — SEC 8-K summary
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Issuer:     INDEPENDENT BANK CORP (INDB)
CIK:        0000776901
Form:       8-K/A
Filed at:   2025-09-10T23:59:59+00:00
Accession:  0000776901-25-000295
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.80
Item codes: 2.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/776901/000077690125000295/0000776901-25-000295-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/776901/000077690125000295/indb-20250701.htm
  HTML page:      https://secwatch.observer/filing/0000776901-25-000295

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