Independent Bank Corp. Q2 net income rises to $51.1 million, or $1.20 per share
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.
Key points
- 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
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 1:01 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on July 17, 2025.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.