Independent Bank Completes Merger with Enterprise Bancorp

Independent Bank ( (INDB) ) has provided an update.

On July 1, 2025, Independent Bank Corp. completed its merger with Enterprise Bancorp, Inc., resulting in Enterprise merging into Independent and Enterprise Bank merging into Rockland Trust. As part of the merger, Enterprise shareholders received approximately 7.5 million shares of Independent common stock and $25.8 million in cash. Additionally, Independent assumed all outstanding $60 million of Enterprise’s subordinated notes due 2030 and plans to retire them on July 15, 2025. The merger strengthens Independent’s market position and includes the appointment of Kenneth Ansin and Joseph Lerner to the board, with George Duncan serving in a consultative role for a year to aid the transition.

The most recent analyst rating on (INDB) stock is a Hold with a $61.00 price target. To see the full list of analyst forecasts on Independent Bank stock, see the INDB Stock Forecast page.

Spark’s Take on INDB Stock

According to Spark, TipRanks’ AI Analyst, INDB is a Outperform.

Independent Bank’s overall score is supported by its strong financial performance and stable valuation, with positive corporate events further enhancing its outlook. However, mixed signals from technical analysis and earnings call sentiment suggest some caution is warranted.

To see Spark’s full report on INDB stock, click here.

More about Independent Bank

Independent Bank Corp. is the holding company for Rockland Trust, a full-service commercial bank headquartered in Massachusetts. It operates retail branches in Eastern Massachusetts, Worcester County, and Southern New Hampshire, offering a wide range of banking, investment, and insurance services to individuals, families, and businesses. Rockland Trust also provides mobile, online, and telephone banking services.

Average Trading Volume: 333,140

Technical Sentiment Signal: Buy

Current Market Cap: $2.71B

See more data about INDB stock on TipRanks’ Stock Analysis page.