Highest-materiality recent filing
Shareholders reelect all three Class III directors, ratify Ernst & Young, approve say-on-pay
James O. Morton reelected with 35,467,804 for, 2,751,006 against, 53,461 abstain, 3,724,625 broker non-votes.
Board authorizes $200M stock buyback plan effective April 30, 2026
Board authorized repurchase of up to $200M of common stock under new plan.
INDB Q1 net income $79.9M ($1.63 EPS), NIM 3.90%, dividend up 8.5%
Net income $79.9M (diluted EPS $1.63); operating EPS $1.68.
Independent Bank Corp. director Mary L. Lentz retires at age 72 per mandatory retirement policy
Mary L. Lentz retired from the Board of Directors effective April 11, 2026.
Independent Bank Corp. increases quarterly dividend 8.5% to $0.64 per share
Quarterly dividend raised to $0.64 per share, up $0.05 from prior quarter, an 8.5% increase.
Director Scott Smith not standing for re-election at Independent Bank Corp. annual meeting
Smith notified on March 10, 2026, he will not stand for re-election at May 14, 2026 annual meeting.
Q4 2025 operating EPS $1.70, up 9.7% QoQ; operating ROATCE 14.30%.
INDB CEO Jeff Tengel diagnosed with lymphoma, expects full recovery, will continue working
CEO Jeffrey Tengel disclosed a Lymphoma diagnosis; has begun chemotherapy.
Independent Bank Corp. posts investor presentation for KBW conference; no material changes disclosed
Presentation materials furnished for the Feb 12, 2026 KBW Winter Financial Services Conference.
Independent Bank Corp Q4 EPS $1.52 ($1.70 operating); NIM expands 15 bps
Net income $75.3M ($1.52 diluted EPS); operating net income $84.4M ($1.70 EPS) vs Q3 operating $1.55 EPS.
INDB Q3 2025 operating EPS $1.55; Enterprise acquisition integrated; $150M buyback active
Q3 2025 net income $34.3M GAAP ($0.69 diluted EPS); operating net income $77.4M ($1.55 diluted EPS).
Independent Bank Corp declares $0.59 quarterly dividend
Q4 2025 dividend of $0.59 per share declared by the board.
Independent Bank Corp. reports Q3 2025 operating EPS $1.55; margin expands 25 bps to 3.62%
GAAP net income $34.3M ($0.69 EPS); operating net income $77.4M ($1.55 EPS) reflecting Enterprise acquisition impact.
Independent Bank posts Q3 operating EPS $1.55; Enterprise acquisition boosts NIM to 3.62%
GAAP net income $34.3M ($0.69 diluted EPS); operating net income $77.4M ($1.55 diluted EPS).
Independent Bank Corp. declares $0.59 quarterly dividend payable Oct 7, 2025
Dividend of $0.59 per share declared for Q3 2025.
Independent Bank Corp completes acquisition of Enterprise Bancorp; pro forma assets $25.05B
Total consideration ~$503M: 0.60 INDB shares + $2 cash per Enterprise share; closed July 1, 2025.
INDB presents updated Enterprise acquisition details and Q2 financials at Raymond James conference
Enterprise acquisition closed July 1; systems conversion mid-Oct; full cost saves by Q1 2026.
Independent Bank Q2 net income $51.1M, $1.20 EPS; authorizes $150M buyback
Q2 net income $51.1M ($1.20 diluted EPS) vs Q1 $44.4M ($1.04); operating EPS $1.25.
Independent Bank Corp. director Aparna Ramesh resigns voluntarily, effective July 10
Aparna Ramesh voluntarily resigned as director of Independent Bank Corp. and Rockland Trust on July 10, 2025.
Independent Bank Corp. closes Enterprise Bancorp acquisition; issues ~7.5M shares and $25.8M cash
Each EBTC share converted to 0.60 INDB shares + $2.00 cash; total consideration approx $25.8M cash and 7.5M INDB shares.
Independent Bank Corp amends by-laws, adds virtual meeting provision
Board amended and restated by-laws on June 18, 2025.
Independent Bank Corp. declares $0.59 quarterly dividend, payable July 7, 2025
Dividend of $0.59 per common share declared by the board.
INDB receives all regulatory approvals for EBTC acquisition; closing set for July 1, 2025
All required regulatory approvals for Independent Bank Corp.'s acquisition of Enterprise Bancorp have been received.
Q1 net income $44.4M ($1.04 EPS); elevated loan loss provision; Enterprise merger on track
Q1 2025 net income $44.4M, diluted EPS $1.04; operating EPS $1.06 (non-GAAP).
All five Class II director nominees (Hogan, Miskell, Nadeau, O'Day, Venables) reelected with votes for ranging from 32.5M to 33.1M.
Independent Bank Corp. President Gerard F. Nadeau to retire; Jeffrey J. Tengel to add President role
Gerard F. Nadeau, age 66, President of Rockland Trust, notified retirement effective June 27, 2025.
Independent Bank Q1 net income $44.4M, down 11% QoQ; charge-offs surge to $40.9M
GAAP diluted EPS $1.04 vs $1.18 prior quarter; operating EPS $1.06 vs $1.21.
Independent Bank Corp. issues $300M of 7.25% subordinated notes due 2035
Net proceeds of $297.0M from the offering; notes carry fixed 7.25% coupon through April 2030 then float at SOFR+353bps.
Independent Bank Corp. declares Q1 2025 dividend of $0.59 per share, up 4%
Quarterly dividend increased to $0.59 per share, up $0.02 or 4% from prior quarter.
Independent Bank Corp appoints O'Leary, Perry, Ramesh to board effective April 1, 2025
Board expands from 12 to 15 members; Class I and Class III directors increased accordingly.
Independent Bank Corp. highlights Q4 results and Enterprise acquisition at KBW conference
Q4 2024 net income $50.0M, diluted EPS $1.18; ROATCE 9.96%.
Independent Bank Corp revises pro forma ROAA for Enterprise acquisition to 1.41% (was 1.14%)
Pro Forma ROAA (2026E) corrected from 1.14% to 1.41% on slide 16 of Q4 2024 earnings presentation.
Independent Bank Corp Q4 net income $50.0M; NIM expands, provision falls
Net income $50.0M ($1.18 diluted EPS), up from $42.9M ($1.01) in Q3.
Independent Bank Corp. declares $0.57 quarterly dividend payable Jan 6, 2025
Board declares $0.57 per share common dividend, payable January 6, 2025.
Independent Bank to acquire Enterprise Bancorp for ~$562M in cash/stock
Consideration: 0.60 INDB shares + $2 cash per EBTC share; ~$45.06/share based on INDB close of $71.77 on 12/6/24.
Independent Bank Corp. to acquire Enterprise Bancorp in stock-and-cash deal
Each Enterprise share to receive 0.60 INDB shares plus $2.00 cash; expected close H2 2025.
INDB reports Q3 2024 net income $42.9M, EPS $1.01; NPLs rise to $104.2M on office loan
Q3 2024 net income $42.9M, diluted EPS $1.01; net interest margin improved 4 bps to 3.29%.
Independent Bank Q3 net income falls to $42.9M ($1.01 EPS) on $19.5M provision for one CRE loan
Net income $42.9M ($1.01 diluted) vs Q2 $51.3M ($1.21); provision for credit losses surged to $19.5M from $4.3M.
Independent Bank Corp. declares $0.57 quarterly dividend payable Oct 4
Dividend of $0.57 per share declared for Q3 2024.
INDB Q2 2024: Net income $51.3M, EPS $1.21, NIM 3.25%, NPL ratio 0.40%
Q2 2024 net income $51.3M, diluted EPS $1.21; operating ROAA 1.07%, ROATCE 10.83%.
Independent Bank Q2 net income $51.3M ($1.21 EPS); deposits up 2.4%, NIM expands to 3.25%
Net income $51.3M vs $47.8M in Q1; diluted EPS $1.21 vs $1.12.
Independent Bank Corp. declares $0.57 per share quarterly dividend payable July 8
$0.57 per share quarterly common stock dividend declared by Board of Directors.
INDB Q1 2024 net income $47.8M ($1.12 EPS); updates strategy in investor presentation
Q1 2024 net income $47.8M, diluted EPS $1.12; operating ROATCE 10.15% and NIM 3.23%.
Independent Bank Corp. shareholders reelect all four Class I directors at annual meeting
Donna L. Abelli, Mary L. Lentz, John J. Morrissey, Jeffrey J. Tengel reelected as Class I directors.
Independent Bank Corp Q1 net income $47.8M, EPS $1.12; NIM down 15 bps to 3.23%
Net income of $47.8M ($1.12 diluted EPS) vs Q4 2023 $54.8M ($1.26); ROAA 1.00%, ROAE 6.63%.
Independent Bank Corp. declares $0.57 quarterly dividend, up 4% from prior quarter
Quarterly dividend increased to $0.57 per share, a $0.02 or 4% increase from the prior quarter.
The Board of Directors of Rockland Trust intends to appoint Jeffrey J. Tengel, who has served as the Chief Executive Officer (“CEO”) and President of the Company and CEO of Rockland Trust since February 2023, to serve in the additional role of President of Rockland Trust.
On May 9, 2025, Gerard F. Nadeau, age 66, President of Rockland Trust Company (“Rockland Trust”), a Massachusetts-chartered trust company and wholly-owned subsidiary of Independent Bank Corp. (the “Company”), notified the Company of his intention to retire from his role as President of Rockland Trust effective June 27, 2025.
On February 20, 2025, the Board of Directors (the “Board”) of Independent Bank Corp. (the “Company”) appointed Leif O’Leary, Dawn Perry, and Aparna Ramesh (collectively, the “New Directors”) as members of the Board of Directors of the Company (the “Board”), effective April 1, 2025.
On February 20, 2025, the Board of Directors (the “Board”) of Independent Bank Corp. (the “Company”) appointed Leif O’Leary, Dawn Perry, and Aparna Ramesh (collectively, the “New Directors”) as members of the Board of Directors of the Company (the “Board”), effective April 1, 2025.
On February 20, 2025, the Board of Directors (the “Board”) of Independent Bank Corp. (the “Company”) appointed Leif O’Leary, Dawn Perry, and Aparna Ramesh (collectively, the “New Directors”) as members of the Board of Directors of the Company (the “Board”), effective April 1, 2025.
Max materiality 0.85 · Median 0.65 · Most common event earnings