other material
confidence high
sentiment neutral
materiality 0.60
INDB Q3 2025 operating EPS $1.55; Enterprise acquisition integrated; $150M buyback active
INDEPENDENT BANK CORP
- Q3 2025 net income $34.3M GAAP ($0.69 diluted EPS); operating net income $77.4M ($1.55 diluted EPS).
- Net interest margin rose to 3.62% from 3.29% a year ago; loan loss provision included $34.5M from acquired Enterprise portfolio.
- Enterprise Bancorp closed July 1; acquired $5.1B assets, $3.9B loans, $4.4B deposits; cost saves ~50% realized.
- $150M share repurchase program announced July 2025; 365K shares repurchased in Q3, 548K in Q4 through Dec 12.
- Tangible book value $46.63 per share; nonperforming loans $86.6M (0.47% of total loans); criticized loans $518.9M.