Every material Form 8-K Independent Bank has filed with the SEC since January 16, 2025, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
Independent Bank Corp. furnished an investor presentation under Item 7.01 for use at the KBW 2026 Boston Bank Day on November 3, 2026. The deck shows Q3 2026 net income of $89.7 million and diluted EPS of $1.90, up from $81.8 million and $1.70 in Q2 2026, and it sets out Q4 2026 guidance for net interest income, expenses and tax rate.
Q3 2026 net income $89.7 million and diluted EPS $1.90, versus $81.8 million and $1.70 in Q2 2026
Q4 2026 guidance: net interest income modest increase; core conversion costs of approximately $1.0-1.5 million; tax rate 23.3-23.4%
Nonperforming loans rose to $125.7 million, 0.68% of total loans at September 30, 2026, from $103.6 million at June 30, 2026
Approximately 679,000 shares repurchased for $57.4 million in Q3 2026
Independent Bank Corp. reported third quarter 2026 net income of $89.7 million, or $1.90 per diluted share, up from $81.8 million, or $1.70 per share, in the second quarter. Higher net interest income drove the gain, while nonperforming loans rose to $125.7 million, mainly due to one office real estate loan.
Net income of $89.7 million versus $81.8 million in Q2 2026; diluted EPS of $1.90 versus $1.70
Net interest income rose $9.7 million to $220.7 million; net interest margin was 3.89%, up 4 basis points
Nonperforming loans increased to $125.7 million from $103.6 million, driven primarily by one office real estate loan
Repurchased about 679,000 shares for $57.4 million; about $93 million remains under the $200 million buyback plan
Independent Bank Corp. reported second quarter 2026 net income of $81.8 million, or $1.70 per diluted share, up from $79.9 million, or $1.63 per diluted share, in the first quarter. The company repurchased about 964,000 shares for $75.0 million during the quarter, but its net interest margin fell 5 basis points to 3.85%, and total loans declined slightly. Shareholders benefit from higher quarterly earnings and continued share buybacks, while margin pressure and a $2.1 million core conversion cost are less favorable.
Net income of $81.8 million, or $1.70 per diluted share, compared with $79.9 million, or $1.63 per diluted share, in the first quarter of 2026
Net interest margin of 3.85%, down 5 basis points from the prior quarter; net interest income of $210.9 million, down 0.7%
Repurchased about 964,000 shares for $75.0 million; about $151 million remains under the $200 million buyback plan adopted April 30, 2026
Total loans of $18.4 billion, down $31.2 million, or 0.2%; total deposits up $294.6 million, or 1.5%, to $20.4 billion
Independent Bank Corp., parent of Rockland Trust, reported first quarter 2026 net income of $79.9 million, or $1.63 per diluted share, up from $75.3 million, or $1.52 per share, in the fourth quarter of 2025. Excluding merger-related costs from its Enterprise Bancorp acquisition, operating net income fell to $82.1 million, or $1.68 per share, from $84.4 million, or $1.70 per share, and total revenue slipped slightly, so shareholders see higher reported profit alongside softer operating results.
Net income of $79.9 million, or $1.63 per diluted share, versus $75.3 million, or $1.52, in Q4 2025
Operating net income of $82.1 million, or $1.68 per share, versus $84.4 million, or $1.70, in Q4 2025
Quarterly dividend raised 8.5% to $0.64 per share from $0.59
Repurchased about 802,000 shares for $63.3 million; nonperforming loans rose to $96.6 million from $83.6 million
Independent Bank Corp. said director Mary L. Lentz retired from its Board of Directors effective April 11, 2026, under the company's governance principles that bar directors from serving once they reach age 72. The filing describes a routine board retirement and does not name a replacement.
Mary L. Lentz retired from the Board effective April 11, 2026, upon reaching age 72.
She had served as a director of Independent Bank Corp. and Rockland Trust Company since 2016.
She was a member of the Audit Committee since 2018 and the Risk Committee since 2024.
Independent Bank Corp. said director Scott Smith, who has served on the board since April 1, 2019, will not seek re-election at the May 14, 2026 Annual Shareholder Meeting and will leave the board at that meeting. The filing states his decision was not due to any disagreement with the company, Rockland Trust, the board, or management.
Scott Smith notified the company on March 10, 2026 of his decision not to stand for re-election.
He will cease to serve as a director as of the May 14, 2026 Annual Shareholder Meeting.
Smith was a member of the Trust Committee of the board since April 2023.
The filing states the departure was not due to any disagreement with the company or its management.
Independent Bank Corp. (INDB) reported fourth-quarter 2025 net income of $75.3 million, or $1.52 per diluted share, up from $34.3 million, or $0.69, in the third quarter. The third quarter included merger costs and a one-time credit loss provision tied to its Enterprise Bancorp acquisition, and operating net income, a non-GAAP measure, rose to $84.4 million, or $1.70 per share, from $77.4 million, or $1.55.
Net income was $75.3 million, or $1.52 per diluted share, versus $34.3 million, or $0.69, in Q3 2025.
Operating net income, a non-GAAP measure, was $84.4 million, or $1.70 per diluted share, versus $77.4 million, or $1.55, in Q3 2025.
Net interest income rose 4.5% to $212.5 million, and the net interest margin was 3.77%, up 15 basis points.
The company repurchased about 548,000 shares for $37.5 million, and tangible book value per share reached $47.55 at December 31, 2025, up $1.04 from the prior quarter.
Independent Bank Corp. reported third-quarter 2025 net income of $34.3 million, or $0.69 per diluted share, down from $51.1 million, or $1.20 per diluted share, in the prior quarter. The decline reflects $23.9 million of pre-tax merger-related costs and a $34.5 million credit loss provision tied to the Enterprise Bancorp acquisition, which closed July 1, 2025; excluding these items, operating net income rose to $77.4 million, or $1.55 per diluted share.
Q3 2025 net income was $34.3 million, or $0.69 per diluted share, versus $51.1 million, or $1.20 per diluted share, in Q2 2025.
Operating net income, which excludes merger costs and acquisition-related provisions, was $77.4 million, or $1.55 per diluted share, versus $53.5 million, or $1.25, in Q2 2025.
Net interest income rose $55.8 million, or 37.9%, to $203.3 million, primarily due to the Enterprise acquisition.
Total assets reached $25.0 billion at September 30, 2025, after the Enterprise acquisition, which had total merger consideration of $503.1 million.
Independent Bank Corp. reported second-quarter 2025 net income of $51.1 million, or $1.20 per diluted share, up from $1.04 in the first quarter but down slightly from $1.21 a year earlier. The board also authorized a stock repurchase plan of up to $150 million that runs through July 16, 2026, which the company tied to its strong capital position. Results include $2.2 million in pre-tax merger-related costs tied to the Enterprise Bancorp acquisition.
Net income of $51.1 million, or $1.20 per diluted share, versus $44.4 million, or $1.04, in the first quarter of 2025 and $51.3 million, or $1.21, in the second quarter of 2024
Net interest income rose to $147.5 million from $145.5 million in the prior quarter, and noninterest income rose to $34.3 million
Board authorized repurchases of up to $150 million of common stock, with the plan scheduled to expire on July 16, 2026
Pre-tax merger-related costs of $2.2 million in the second quarter, related to the Enterprise Bancorp acquisition
Independent Bank Corp. disclosed that director Aparna Ramesh resigned from its board effective July 10, 2025, after notifying the company and Rockland Trust on that date. The filing states her decision was voluntary and not due to any disagreement with the company, its board, or management.
Aparna Ramesh resigned as director, effective July 10, 2025
Resignation was voluntary and not due to any disagreement with the company, Rockland Trust, the board, or management
The filing does not disclose a replacement director or financial figures
Independent Bank Corp. completed its merger with Enterprise Bancorp, Inc. effective July 1, 2025, with Enterprise merging into Independent and Enterprise Bank merging into Rockland Trust. Enterprise shareholders received 0.60 Independent shares and $2.00 in cash for each Enterprise share, and Independent now has approximately 50,107,000 common shares outstanding, which affects the share count and ownership for existing shareholders.
Enterprise shareholders receive about 7.5 million Independent shares and about $25.8 million in cash, excluding cash for fractional shares
Each Enterprise share converted into 0.60 Independent shares and $2.00 in cash
Independent assumed Enterprise's $60 million 5.25% subordinated notes due 2030 and intends to repurchase them on July 15, 2025
Kenneth S. Ansin and Joseph C. Lerner were appointed to the Independent and Rockland Trust boards; core account conversions are expected over the weekend of October 11, 2025
Gerard F. Nadeau, President of Rockland Trust Company, a subsidiary of Independent Bank Corp., notified the company on May 9, 2025 that he will retire from that role effective June 27, 2025. The board of Rockland Trust intends to appoint CEO Jeffrey J. Tengel as President of Rockland Trust in addition to his current roles, and Nadeau will remain a director.
Gerard F. Nadeau, age 66, to retire as President of Rockland Trust effective June 27, 2025; he is a named executive officer
Jeffrey J. Tengel, CEO of the company and Rockland Trust since February 2023, intended to be appointed President of Rockland Trust
Nadeau will continue to serve as a director of the company and Rockland Trust
Independent Bank Corp. reported first-quarter 2025 net income of $44.4 million, or $1.04 per diluted share, down from $50.0 million, or $1.18 per diluted share, in the fourth quarter of 2024. The company said the decline was primarily driven by a higher loan loss provision, and that operating EPS, which excludes merger-related costs, was $1.06. Shareholders also saw tangible book value per share rise to $47.81 and a 4% quarterly dividend increase, while the company continues its pending acquisition of Enterprise Bancorp.
Net income was $44.4 million, or $1.04 per diluted share, versus $50.0 million, or $1.18 per diluted share, in the fourth quarter of 2024
Net charge-offs rose to $40.9 million from $1.2 million, and the provision for credit losses rose to $15.0 million from $7.5 million
Net interest margin widened to 3.42%, up 9 basis points from the prior quarter, and $300 million of subordinated notes were issued on March 25, 2025
Merger-related costs were $1.2 million in the first quarter tied to the pending acquisition of Enterprise Bancorp
Independent Bank Corp. completed the sale of $300.0 million of 7.25% fixed-to-floating rate subordinated notes due 2035, with net proceeds of $297.0 million before offering expenses. The company plans to use the proceeds for general corporate purposes, which may include redeeming Enterprise Bancorp's subordinated notes after its merger with Enterprise closes, so the deal adds $300.0 million of debt that ranks junior to senior obligations.
Notes total $300.0 million with a 7.25% fixed rate until April 1, 2030, then a floating rate of Three-Month Term SOFR plus 353 basis points until maturity on April 1, 2035
Net proceeds were $297.0 million before estimated offering expenses
Proceeds may be used to redeem Enterprise Bancorp's 2030 subordinated notes following the Enterprise merger
Underwriters are Keefe, Bruyette & Woods and Piper Sandler; the underwriting agreement is dated March 20, 2025
Independent Bank Corp. appointed Leif O'Leary, Dawn Perry, and Aparna Ramesh to its Board of Directors and the Rockland Trust Company board, effective April 1, 2025. The filing says the board and bank board sizes were each increased from twelve to fifteen, and the company states all three are independent under Nasdaq rules.
Appointments effective April 1, 2025; board size increased from twelve to fifteen
Perry joins as Class I director with term expiring at the 2027 annual meeting; O'Leary and Ramesh are Class III directors with terms expiring at the 2026 annual meeting
No committee assignments yet; annual non-employee cash retainer will be prorated for 2025
Independent Bank Corp. reported fourth-quarter 2024 net income of $50.0 million, or $1.18 per diluted share, up from $42.9 million, or $1.01 per share, in the third quarter. Results included $1.9 million of pre-tax merger costs tied to its pending acquisition of Enterprise Bancorp, and excluding those costs, operating net income was $51.4 million, or $1.21 per share. Full-year 2024 net income fell to $192.1 million, or $4.52 per share, from $239.5 million, or $5.42 per share, in 2023.
Q4 2024 net income was $50.0 million, or $1.18 per diluted share, versus $42.9 million, or $1.01, in Q3 2024.
Net interest income rose to $144.7 million from $141.7 million in the prior quarter, and the provision for credit losses fell to $7.5 million from $19.5 million.
Full-year 2024 net income was $192.1 million, or $4.52 per diluted share, compared with $239.5 million, or $5.42, in 2023.
Pending acquisition of Enterprise Bancorp, announced December 9, 2024, drove $1.9 million of merger costs in the quarter.
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