INDB
Independent Bank Corp.77.12
-0.46-0.59%
Dec 16, 4:00:02 PM EST
Earnings Call Transcripts
This Quarter (Q4 '25)
No earnings call transcript available yet
Last Quarter (Q3 '25)
FY Q3 '25
Q&A reassures on office CRE, growth.
Q&A eased office CRE worries, with management feeling more positive on resolutions for $43M maturing criticized loans, including extensions and sales, and no major losses expected. C&I pipelines stay healthy, driven by middle-market focus and new hires, potentially lifting loan growth to low-mid single digits next year versus prior low-single outlook. No NDFI exposure; no M&A appetite amid integration focus. Buybacks persist, targeting 12% CET1, while excess cash waits on loan demand. Office feels better. Guidance reaffirms margin resilience to Fed cuts; investors eye growth pickup and workouts.
Key Stats
Market Cap
3.83BP/E (TTM)
19.00Basic EPS (TTM)
4.06Dividend Yield
0.03%Recent Filings
8-K
8-K
10-Q
Q3 FY2025 results
Independent Bank Corp. closed its Enterprise acquisition in July 2025 for $503.1M (cash/stock mix per Note 3), adding $3.9B loans, $4.4B deposits, $98.3M goodwill, and $137.5M intangibles. Q3 net interest income jumped 43% y/y to $203.3M with margin at 3.62% (+33bps y/y, derived), fueled by acquired balances and purchase accretion, yet net income fell 20% y/y to $34.3M on $23.9M merger costs and $38.5M credit provision (incl. $34.5M for acquired non-PCD loans). Deposits swelled 33% y/y to $20.3B; borrowings at $775M include new $300M 7.25% notes due 2035. Cash swelled to $910M. Shares repurchased: 365K for $23M. Competition pressures deposit pricing.
8-K
Enterprise acquisition update
Independent Bank Corp. released its Q4 2025 investor presentation under Reg FD, highlighting the July 1 Enterprise Bancorp acquisition that added $5.1B assets, $3.9B loans, $4.4B deposits. Enterprise integration advances smoothly—system conversion done, 50% cost saves realized, loans/deposits stable. NIM jumped to 3.62%; Q3 net income hit $34.3M but included $38.5M provision, mostly $34.5M from acquired loans.
8-K
Q3 earnings post-Enterprise deal
Independent Bank Corp. reported Q3 net income of $34.3 million, down from $51.1 million prior quarter due to $23.9 million merger costs and $34.5 million provision tied to its July 1 Enterprise acquisition, adding $3.9 billion loans and $4.4 billion deposits for $503.1 million consideration. Net interest margin jumped 25 basis points to 3.62%; operating EPS hit $1.55. Enterprise integration advances swiftly.
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