**Independent Bank Corp. Reports Increased Revenue and Net Income for Fiscal Year 2025**
Independent Bank Corp. (INDB), the holding company for Rockland Trust Company, reported a net income of $205.1 million for the year ended December 31, 2025, a 6.8% increase compared to $192.1 million in 2024. Diluted earnings per share were $4.44, a slight decrease from $4.52 in the previous year. The company's total assets reached $24.9 billion, with total deposits amounting to $20.1 billion and stockholders' equity of $3.6 billion.
The company's financial performance was significantly influenced by the acquisition of Enterprise Bancorp, Inc. on July 1, 2025, which added $3.9 billion in loans and $4.4 billion in deposits. The net interest margin increased by 29 basis points to 3.57%, including an 8 basis point lift from acquired loan purchase accounting accretion. The gross loan portfolio reached $18.5 billion, representing 74.3% of total assets, with commercial loans comprising the majority at $12.5 billion.
Strategic developments included the aforementioned acquisition of Enterprise Bancorp, Inc., for a total consideration of $503.1 million. This acquisition expanded the company's branch network by 27 locations in northern Massachusetts and southern New Hampshire. The company also repurchased approximately 936,000 shares of its common stock for $62.4 million. The company's wealth assets under administration increased to $9.2 billion.
As of December 31, 2025, Independent Bank Corp. employed 2,294 colleagues, with 1,019 holding officer positions. The company's largest business units, in terms of headcount, are Retail, Commercial, and Operations, employing 42.9%, 17.3%, and 7.8% of colleagues, respectively. The company's outlook includes a continued focus on organic growth and expense management, while also considering future acquisition opportunities.
About INDEPENDENT BANK CORP
Independent Bank Corp. is a Massachusetts-based bank holding company operating Rockland Trust, which provides a broad range of banking, lending, investment, and financial services. Its primary markets are Eastern Massachusetts, Worcester County, and Rhode Island, serving small-to-upper middle market businesses and consumers. The company emphasizes community engagement, employee development, and a competitive, customer-focused business model rooted in traditional banking complemented by digital services.
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