Independent Bank Corp. (INDB) Q3 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good day and welcome to the INDB Independent Bancorp Third Quarter 2025 earnings call. All participants will be in listen-only mode. Should you need assistance, please signal a conference specialist by pressing the star key followed by zero. After today's presentation, there will be an opportunity to ask questions. To ask a question, you may press star then one on a touch-tone cell. To withdraw your question, please press star then two. Before proceeding, Please note that during this call we will be making forward-looking statements. Actual results may differ materially from these statements due to a number of factors, including those described in our earnings release and other SEC filings. We undertake no obligation to publicly update any such statements. In addition, some of our discussion today may include references to certain non-GAAP financial measures. Information about these non-GAAP measures, including reconciliation to GAAP measures, may be found in our earnings release and other SEC filings. These SEC filings may be accessed via the investor relations section of our website. Finally, please note this event is being recorded. I would now like to turn the conference over to Jeff Tangle, CEO. Please go ahead. Good morning, and thanks for joining us today. I'm accompanied this morning by CFO and head of consumer lending, Mark Ruggiero. We had a busy third quarter. We closed on the enterprise transaction on July 1st and completed the systems conversion this past weekend. We posted solid financial results and continue to make progress on several of our strategic initiatives. Results for the third quarter reflect continued NIM improvement, strong CNI loan growth, solid growth in low-cost deposits, lower credit costs, and the beginning of the realization of cost s...