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Independent Bank ( (INDB) ) has issued an announcement.
On February 13, 2025, Independent Bank Corp. presented at the KBW Winter Financial Services Conference, highlighting their strategic acquisition of Enterprise Bancorp. This acquisition is set to expand their market presence in Northern Massachusetts and Southern New Hampshire, enhance their franchise value, and offer significant financial benefits including EPS accretion and increased market cap. The company emphasized its commitment to risk management, technological advancements, and growth in commercial and industrial lending, aiming for long-term sustainable value creation.
More about Independent Bank
Independent Bank Corp. (Nasdaq: INDB) is a Massachusetts-based banking corporation primarily operating through its subsidiary, Rockland Trust. The company is focused on retail and commercial banking, as well as wealth management services, with a strong presence in the New England region.
YTD Price Performance: 11.16%
Average Trading Volume: 251,683
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: $2.94B
Learn more about INDB stock on TipRanks’ Stock Analysis page.
