Business
Independent Bank Corp. Reports Fourth Quarter Net Income of $75.3 Million
ROCKLAND, Mass., January 22, 2026--Independent Bank Corp. (Nasdaq Global Select Market: INDB), parent of Rockland Trust Company, today announced 2025 fourth quarter net income of $75.3 million, or $1.52 per diluted share, as compared to 2025 third quarter net income of $34.3 million, or $0.69 per diluted share. Excluding merger-related costs and the one-time provision for credit losses associated with the Company’s third quarter acquisition of Enterprise Bancorp, Inc. ("Enterprise") and its subs
About this update from Independent Bank Corp.
[{"type":"text","content":"ROCKLAND, Mass., January 22, 2026--(BUSINESS WIRE)--Independent Bank Corp. (Nasdaq Global Select Market: INDB), parent of Rockland Trust Company, today announced 2025 fourth quarter net income of $75.3 million, or $1.52 per diluted share, as compared to 2025 third quarter net income of $34.3 million, or $0.69 per diluted share. Excluding merger-related costs and the one-time provision for credit losses associated with the Company’s third quarter acquisition of Enterprise Bancorp, Inc. ("Enterprise") and its subsidiary, Enterprise Bank, and their related tax effects, operating net income was $84.4 million, or $1.70 per diluted share for the fourth quarter of 2025 compared to operating net income of $77.4 million, or $1.55 per diluted share for the third quarter of 2025(1).","length":792,"tagName":"p"},{"type":"text","content":"CEO STATEMENT","length":13,"tagName":"p"},{"type":"text","content":""Our fourth quarter results reflect ongoing growth in the Bank’s financial performance, bolstered by the successful integration of our recent Enterprise acquisition," said Jeffrey Tengel, the Chief Executive Officer of Independent Bank Corp. and Rockland Trust Company. "I am grateful to our colleagues for their exceptional teamwork and steadfast commitment to creating meaningful, lasting relationships with our customers. We are energized and well positioned to build on our momentum in the new year."","length":524,"tagName":"p"},{"type":"text","content":"FINANCIAL HIGHLIGHTS","length":20,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"The Company generated a return on average assets and a return on average common equity of 1.20% and 8.38%, respectively, for the fourth quarter of 2025, as compared to 0.55% and 3.82%, respectively, for the prior quarter. On an operating basis, the Company generated a return on average assets and a return on average common equity of 1.34% and 9.38%, respectively, for the fourth quarter of 2025, as compared to 1.23% and 8.63%, respectively, for the prior quarter(1).","length":469,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"The Company’s net interest margin of 3.77% increased 15 basis points compared to the prior quarter, while the adjusted margin increased 10 basis points to 3.64%(1).","length":164,"tagName":"p","attribs":{}}]},{"val":[{"...