Independent Bank Corp. · NASDAQ:INDB
Independent Bank — 2026 KBW Winter Financial Services Conference
26 slides from Independent Bank's conference presentation, Feb 11, 2026
Slide 1: 2026 KBW Winter Financial Services Conference
IN DEPENDENT 2026 KBW Winter Financial Services BANK CORP. Conference Parent of Rockland Trust February 12, 2026 Jeff Tengel Chief Executive Officer Mark Ruggiero Chief Financial Officer & EVP/Consumer Lending Exhibit 99.1
Slide 2: Who We Are
INDEPENDENT Who We Are peace Independent Bank Corp. (Nasdaq: INDB) © Main Banking Subsidiary: Rockland Trust as of December 31, 2025 ¢ Massachusetts based; New England focused $24.9 B TOTAL ASSETS $18.5 B LOANS $20.1B DEPOSITS $9.2 B WEALTH MANAGEMENT $4.2 B a MARKET CAP* aN *as of February 6, 2026
Slide 3: We Are the Bank Where Each Relationship Matters
- 7 ® INDEPENDENT We Are the Bank Where Each Relationship Matters pa ieciiar 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 differen
Slide 4: Strong, Resilient Franchise; Well Positioned for Growth
Company Overview INDEPENDENT BANK CORP. Strong, Resilient Franchise; Well Positioned for Growth Strong balance sheet Prudent interest rate and liquidity risk management Significant capital buffer Diversified, low-cost deposit base Experienced commercial lender with conservative credit culture Proven
Slide 5: Momentum in Earnings Growth & Profitability Enhancement
Momentum in Earnings Growth & Profitability Enhancement INDEPENDENT Operating EPS" $1.55 $1.25 $1.06 Q4 2024 Qi 2025 Q2 2025 Q3 2025 Q4 2025 Operating ROAA” Q4 2024 Qi 2025 Q2 2025 Q3 2025 Q4 2025 BANK CORP. Operating Pre-Provision Net Revenue ROAA” 2.00% 1.70% 1.78% 1.53% 1.53% | 42024 = Q1.2025 Q2
Slide 6: Strategic Market Share Positioning
Strategic Market Share Positioning Top 10 Deposit Market Share in all Counties of Operation INDEPENDENT BANK CORP. Deposits Market Deposits Market Counties Branches (Sbn) Share (%) Rank Branches (Sbn) Share (%) Rank Plymouth, MA 280 Ey) 26.9 il 2g) 47 25.2 il Middlesex, MA 28 3.7 44 8 15 1.3 1.6 ils
Slide 7: Q4 2025 Financial Highlights
Q4 2025 Financial Highlights INDEPENDENT BANK CORP. Ha Bene Hlightights ($ in millions, except per share) ¢ Operating EPS of $1.70 represents a 9.7% 7 7 increase over prior quarter of $1.55 Q3'25 Q3i25 || Q4'24 ed ij P ql Operating Operating . . . ¢ Adjusted net interest margin increased 10 ns $75.3
Slide 8: Recent Quarter Deposit Balances
INDEPENDENT Recent Quarter Deposit Balances pipeiiecmrotnd (Dollars in millions) Wxesnitousm September 30 $Increase % Increase 2025 (Decrease) (Decrease) Deposit Product Type Noninterest-bearing demand deposits $5,601 $ 5,636 $ (35) (0.6)% Savings and interest checking?) 6,483 6,493 (10) (0.2)% Mone
Slide 9: Recent Quarter Loan Balances
INDEPENDENT Recent Quarter Loan Balances ssh ecier (Dollars in millions) December 31 September 30 $ Increase % Increase 2025 2025 (Decrease) (Decrease) Loan Category Commercial and industrial $4,612 $4,532 $80 1.77% Commercial real estate 8,275 8,241 34 0.41% Commercial construction 1,399 1,440 (41)
Slide 10: Loan Portfolios
Loan Portfolios CRE & Construction Portfolio $9.7 billion Other - 4.4% Healthcare - 1.4% Multi-Family - 29.8% Retail - 16.6% ———7 Lodging - 8.2% of Industrial/ a Warehouse - 9.9% Residential - Related - 16.4% Mixed-Use Office - 1.8% HE cRE = -@- CRE/Capital * $9.7 290% Qi 2025** Q2 2025 Q3 2025** Q4
Slide 11: Asset Quality
Asset Quality INDE ee Nonperforming Loans Commercial ($ in millions) Criticized & Classified Loans in milli éa66 ($ in millions) 0.39% Q42024 Q12025 Q22025 Q32025 Q42025 Qi 2025 Q2 2025 Q3 2025 Q4 2025 Il Criticized & Classified Loans HH NPLs(SMil) -@- NPLas % of Total Loans -@> Criticized & Classif
Slide 12: Focal Point | CRE Office (inclusive of construction)
Focal Point | CRE Office (inclusive of construction) INDE ries CRE & Construction zs a Maturity Schedule Portfolio ouereece. $9.7 billion (Sin millions) Matured |2026Q1 2026Q2 2026Q3 2026Q4 2027 2028 2029+ =‘ Total Construction - 88.6% Pass Rating $0.9 $44.1 $18.7 $12.2 $19.6 $181.0 $66.1 $590.0 $93
Slide 13: Net Interest Margin Dynamics
i ; INDEPENDENT Net Interest Margin Dynamics pipeiiecmrotnd Net Interest Margin Total Loan Portfolio Rate Characteristics 3.62% i Fixed Rate | | Floating Rate 3.37% 3.37% 3.31% variable Rate Q4 2024 §=Q12025 Q22025 932025 a4 2025 “@ Reported NIM — ~@ Adjusted NIM(1) Trend in Asset Yields vs. Funding
Slide 14: Strong Capital Position
INDEPENDENT Strong Capital Position pa ieciiar Tangible Book Value” $46.96 $47.55 $50.0 $44.13 $40.0 14% 12% Period Ended Does September 30 10% 2025 2025, $30.0 | TTP 10.31% aE Tangible Common $20.0 6% Equity / Tangible Assets“ 2s 10.92% 4% $10.0 2% Common Equity Tier 1 $0.0 0% 2022 2023 2024 2025 I
Slide 15: Securities Portfolio
Securities Portfolio INDEPENDENT BANK CORP. Available for Sale (AFS) Held to Maturity (HTM) Portfolio Composition at December 31, 2025 peck Fair Value Reyes pork Fair Value & al ieee Gin miliions) U.S. government agency securities $229 $219 $ (10) $— s— $— U.S. treasury securities 485 471 $ (14) 101
Slide 16: Focal Point | Investment Management and Advisory
Focal Point | Investment Management and Advisory Revenues SS CAGR 2021 2022 2023 2024 2025 Recent Trends $10,000 $9,220 $9,217 $7,500 | 97,099 $7,361 $5,000 $2,500 ge $ in millions Qi 2025 Q2 2025 = Q32025* Q42025 *Reflects approximately $1.5 billion in acquired balances from Enterprise INDEPENDENT
Slide 17: 2026 Guidance
2026 Guidance INDEPENDENT ¢ Commercial and Industrial: Mid-single digit percentage increase Loan Growth ¢ Commercial real estate and Construction: Low-single digit percentage increase ¢ Consumer: flat to low-single digit percentage increase ¢ Core deposits: low to mid-single digit percentage increas
Slide 18: Near-Term Priorities
Near-Term Priorities * 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; 2025 growth driver ° Dedicated teams/verticals
Slide 19: INDB Investment Merits
BANK CORP. INDB Investment Merits INDEPENDENT ¢ High quality franchise in attractive markets ¢ Lowrisk balance sheet with strong core deposit funding base ¢ Strong capital base, well-above regulatory mandated levels that enables maximum capital management flexibility e Earnings expected to notably i
Slide 20: Forward Looking Statements
i INDEPENDENT Forward Looking Statements peace 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 b
Slide 21: Non-GAAP Financial Measures
ha “ 4 INDEPENDENT Non-GAAP Financial Measures pa ieciiar 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 oper
Slide 22: i INDEPENDENT
i INDEPENDENT BOBO BANK CORP.
Slide 23: Non-GAAP Reconciliation of Balance Sheet Metrics
Non-GAAP Reconciliation of Balance Sheet Metrics INDEPENDENT BANK CORP. (Dollars in thousands) September 30 June 30 December 31 December 31 December 31 2025, 2025 2025 2024 2023 2022 Tangible common equity Stockholders' equity (GAAP) $3,565,728 $3,546,887 $3,074,856 $2,993,120 $2,895,251 $2,886,701
Slide 24: Non-GAAP Reconciliation of Earnings Metrics
Non-GAAP Reconciliation of Earnings Metrics INDEPENDENT BANK CORP. June 30 March 31 December 31 2025 025 024 Net interest income (GAAP) $212,486 $147,496 $145,505 $144,661 Noninterest income (GAAP) $41,445 $40,398 $34,308 $32,539 $32,191 Total revenue (GAAP) $253,931 $243,742 $181,804 $178,044 $176,
Slide 25: Non-GAAP Reconciliation of Pre-Provision Net Revenue
Non-GAAP Reconciliation of Pre-Provision Net Revenue INDEPENDENT BANK CORP. (Unaudited, dollars in thousands) December 31 f September 30 June 30 2025 2025 2025 Pre-provision net revenue @) $99,561 $82,906 $73,006 Pre-provision net revenue on an operating basis, Pre-provision net revenue $99,561 $82,
Slide 26: Non-GAAP Reconciliation of Adjusted Margin
INDEPENDENT BANK CORP. December 31, 2025 September 30, 2025 March 31, 2025 December 31, 2024 Margin Margin Margin Margin Margin Volume Interest _Impact_ Volume Interest Impact _ Volume Interest _Impact_ Volume _Interest__Impact_ Volume Interest _ Impact Non-GAAP Reconciliation of Adjusted Margin (Un
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