Independent Bank Corp. reported FY 2025 net income of USD 205.1 million, or USD 4.44 per diluted share, with return on average assets of 0.92% and return on average common equity of 6.20%. Net interest income was USD 708.8 million and net interest margin was 3.57%, while non-interest income was USD 148.7 million and non-interest expense was USD 529.9 million; provision for credit losses totaled USD 65.5 million and the effective tax rate was 21.76%. Period-end loans were USD 18.5 billion and deposits were USD 20.1 billion, with tangible book value per share of USD 47.55; the company declared USD 2.36 per share in cash dividends and repurchased about 936,000 shares for USD 62.4 million. During FY 2025, Independent Bank completed its acquisition of Enterprise on July 1, 2025, adding USD 3.9 billion in loans and USD 4.4 billion in deposits (fair value) and 27 branches in northern Massachusetts and southern New Hampshire; results included pre-tax merger-related costs of USD 39.6 million and a USD 34.5 million provision for credit losses on non-PCD acquired loans. Wealth assets under administration rose to USD 9.2 billion.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Independent Bank Corp. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0000776901-26-000058), on February 27, 2026, and is solely responsible for the information contained therein.
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