Independent Bank Corp. · NASDAQ:INDB
Independent Bank — Stephens 7th Annual Summer Bank Bash (June 2026)
27 slides from Independent Bank's conference presentation, Jun 16, 2026
Slide 1: Stephens 7th Annual Summer Bank Bash
Exhibit 99.1 Jeff Tengel Chief Executive Officer Mark Ruggiero Chief Financial Officer & EVP/Consumer Lending Stephens 7th Annual Summer Bank Bash June 17, 2026
Slide 2: Who We Are
2 Who We Are Independent Bank Corp. (Nasdaq: INDB) • Main Banking Subsidiary: Rockland Trust • Massachusetts based; New England focused Key Metrics as of March 31, 2026 $24.8 B TOTAL ASSETS $18.4 B LOANS $20.1 B DEPOSITS $9.2 B WEALTH MANAGEMENT $4.0 B MARKET CAP* *as of June 11, 2026
Slide 3: Our Corporate Promises
3 Our Corporate Promises: We remain committed to our colleagues, customers, community and shareholders. This connects our purpose to everything we do. It transforms what banking means from a mere transaction to the chance to make a positive difference in the lives of others. This motivates our colle
Slide 4: Strong, Resilient Franchise; Well Positioned for Growth
4 Safe & Sound Customer Centric • Full suite of retail banking, commercial banking, and wealth product offerings • Relationship-oriented commercial lending with strong local market knowledge and presence • Exceptional third party customer service recognition in both commercial and retail • Strong br
Slide 5: Recent Awards
5 Recent Awards Consistent recognition across employee experience, financial performance, and community impact.
Slide 6: Momentum in Earnings Growth & Profitability Enhancement
6 Momentum in Earnings Growth & Profitability Enhancement (1) Represents a non-GAAP measure. See Appendices for reconciliation to the corresponding GAAP measures. Operating Pre-Provision Net Revenue ROAA 1.53% 1.53% 1.70% 1.78% 1.85% Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 0.00% 2.00% Operating ROAA
Slide 7: Q1 2026 Financial Highlights
7 ($ in millions, except per share) Q1’26 Q1’26 Operating(1) Q4’25 Q4’25 Operating(1) Q1’25 Q1’25 Operating(1) Net Income $ 79.9 $ 82.1 $ 75.3 $ 84.4 $ 44.4 $ 45.3 Diluted EPS $ 1.63 $ 1.68 $ 1.52 $ 1.70 $ 1.04 $ 1.06 ROAA 1.31% 1.35% 1.20% 1.34% 0.93% 0.94% ROACE 9.02% 9.27% 8.38% 9.38% 5.94% 6.05%
Slide 8: Deposit Balances
8 Deposit Balances (Dollars in millions) March 31 2026 December 31 2025 $ Increase (Decrease) % Increase (Decrease) Deposit Product Type Noninterest-bearing demand deposits $ 5,633 $ 5,601 $ 32 0.6% Savings and interest checking 6,311 6,483 (172) (2.7)% Money market 4,898 4,775 123 2.6% Time certifi
Slide 9: Strategic Market Share Positioning
9 Counties Deposits ($bn) Market Share (%) Rank Branches Plymouth, MA 5.2 26.9 1 28(1) Middlesex, MA 3.7 4.4 8 28 Norfolk, MA 2.5 6.8 5 19 Suffolk, MA 2.2 1.6 7 21 Bristol, MA 1.6 9.5 5 8 Barnstable, MA 1.4 12.2 3 12 Essex, MA 1.4 4.4 8 10 Worcester, MA 0.9 4.0 10 10 Rockingham, NH 0.6 4.8 6 4 Hills
Slide 10: Loan Balances and Linked Quarter Change in Commercial Loans
10 Linked Quarter Change in Commercial Loans $14,286 $78 $(33) $(39) $(56) $14,236 Q4 2025 C&I ex. Dealer Finance CRE ex. Office Dealer Finance Office Q1 2026 Loan Balances (Dollars in millions) March 31 2026 December 31 2025 $ Increase (Decrease) % Increase (Decrease) Loan Category Commercial and i
Slide 11: Loan Portfolios
11 95% CRE & Construction Portfolio $9.6 billion Multi-Family - 29.9% Residential - Related - 16.2% Office - 11.0% Mixed-Use Office - 1.8% Industrial/ Warehouse - 10.1% Lodging - 8.2% Retail - 16.7% Healthcare - 1.4% Other - 4.7% C&I Portfolio $4.7 billion Retail Trade - 16.3% Real Estate/Rental and
Slide 12: Asset Quality
12 Nonperforming Loans ($ in millions) $56.2 $86.6 $83.6 $96.6 0.39% 0.47% 0.45% 0.52% NPLs ($Mil) NPL as % of Total Loans Q2 2025 Q3 2025 Q4 2025 Q1 2026 0.25% 0.50% 0.75% $0 $60 $120 Commercial Criticized & Classified Loans ($ in millions) $460.2 $518.9 $472.9 $575.5 4.25% 3.65% 3.31% 4.04% Critic
Slide 13: Office Portfolio
13 Top 20 Borrowers All Others Total Portfolio ($ in millions) Total Avg Loan ($ in millions) Total Avg Loan ($ in millions) Total Avg Loan Class A $299.4 $25.0 Class A $158.0 $4.9 Class A $457.4 $10.4 Class B/C 150.4 21.5 Class B/C 321.6 1.5 Class B/C 472.0 2.1 Medical 26.3 26.3 Medical 89.3 2.3 Me
Slide 14: Net Interest Margin Dynamics
14 Trend in Asset Yields vs. Funding Costs 2.25% 2.32% 2.84% 2.96% 3.08% 5.44% 5.49% 5.60% 5.58% 5.56% 1.67% 1.73% 1.72% 1.60% 1.52% Security yields Adjusted loan yields(1) Funding costs Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 —% 2.00% 4.00% 6.00% 8.00% Net Interest Margin 3.42% 3.37% 3.62% 3.77% 3.
Slide 15: Strong Capital Position
15 Tangible Book Value $44.13 $46.96 $47.55 $47.86 10.31% 10.86% 9.88% 9.86% TBV Per Share Tangible Equity/Tangible Assets % 2023 2024 2025 Q1 2026 $0.0 $10.0 $20.0 $30.0 $40.0 $50.0 0% 2% 4% 6% 8% 10% 12% 14% Key Capital Ratios Period Ended March 31 2026 December 31 2025 September 30 2025 Tangible
Slide 16: Securities Portfolio
16 Available for Sale (AFS) Held to Maturity (HTM) Portfolio Composition at March 31, 2026 Book Value Fair Value Unrealized Gain/(Loss) Book Value Fair Value Unrealized Gain/(Loss) ($ in millions) U.S. government agency securities $ 229 $ 219 $ (10) $ — $ — $ — U.S. treasury securities 436 422 (14)
Slide 17: Focal Point | Investment Management and Advisory
17 Focal Point | Investment Management and Advisory $ in b ill io ns Assets Under Administration 13% CAGR $5.7 $5.8 $6.5 $7.0 $9.2 $9.2 2021 2022 2023 2024 2025 Q1 2026 $0.0 $5.0 $10.0 $ in m ill io ns Revenues 9% CAGR $35.3 $36.8 $40.2 $42.7 $50.0 $14.2 2021 2022 2023 2024 2025 Q1 2026 $0.0 $10.0 $
Slide 18: Strategic Priorities
18 • Integrating the Enterprise Bancorp. acquisition ◦ Promote depth and breath of product set ◦ Active community engagement ◦ Capitalize on new market opportunities • Growing C&I lending business ◦ Expanded middle market capabilities; recent growth driver ◦ Dedicated teams/verticals (non-profit, fr
Slide 19: 2026 Expectations
19 Metric 2026 Expectations Loan Growth • Commercial and Industrial: mid-single digit percentage increase • Commercial real estate and Construction: flat to low-single digit percentage increase • Consumer: flat to low-single digit percentage increase Deposit Growth • Core deposits: low to mid-single
Slide 20: INDB Investment Merits
20 • High quality franchise in attractive markets • Low risk balance sheet with strong core deposit funding base • Strong capital base, well-above regulatory mandated levels that enables maximum capital management flexibility • Earnings expected to notably improve as fixed assets reprice to prevaili
Slide 21: Forward-Looking Statements
21 This presentation contains certain “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995 with respect to the financial condition, results of operations and business of the Company. These statements may be identified by such forward-looking termino
Slide 22: Non-GAAP Financial Measures
22 This presentation contains financial information determined by methods other than in accordance with accounting principles generally accepted in the United States of America (“GAAP”). This information may include operating net income and operating earnings per share (“EPS”), operating return on a
Slide 23: Appendix
i INDEPENDENT Appendix BANK CORP.
Slide 24: Tangible Common Equity Reconciliation
24 (Dollars in thousands) March 31 2026 December 31 September 30 December 31 December 31 2025 2025 2024 2023 Tangible common equity Stockholders' equity (GAAP) $3,542,041 $3,565,728 $3,546,887 $2,993,120 $2,895,251 (a) Less: Goodwill and other intangibles 1,217,297 1,224,186 1,231,242 997,356 1,003,
Slide 25: Non-GAAP Reconciliation of Earnings Metrics
25 Non-GAAP Reconciliation of Earnings Metrics (Unaudited, dollars in thousands) Three Months Ended March 31 2026 December 31 2025 September 30 2025 June 30 2025 March 31 2025 Net interest income (GAAP) $ 212,459 $ 212,486 $ 203,344 $ 147,496 $ 145,505 Noninterest income (GAAP) $ 40,262 $ 41,445 $ 4
Slide 26: Pre-Provision Net Revenue Reconciliation
26 (Unaudited, dollars in thousands) Three Months Ended March 31 2026 December 31 2025 September 30 2025 June 30 2025 March 31 2025 Pre-provision net revenue (2) $ 109,803 $ 99,561 $ 82,906 $ 73,006 $ 72,166 Pre-provision net revenue on an operating basis Pre-provision net revenue $ 109,803 $ 99,561
Slide 27: Adjusted Net Interest Margin Reconciliation
27 Three Months Ended March 31, 2026 December 31, 2025 September 30, 2025 June 30, 2025 March 31, 2025 Volume Interest Margin Impact Volume Interest Margin Impact Volume Interest Margin Impact Volume Interest Margin Impact Volume Interest Margin Impact (Unaudited, dollars in thousands) Reported tota
Independent Bank — Stephens 7th Annual Summer Bank Bash (June 2026) on 6ix