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Independent Bank ( (INDB) ) just unveiled an announcement.
Independent Bank Corp. reported a third-quarter net income of $34.3 million in 2025, a decrease from the previous quarter, primarily due to merger-related costs and provisions for credit losses from its acquisition of Enterprise Bancorp, Inc. Despite these costs, the acquisition added significant assets and deposits, enhancing the company’s financial performance and market positioning. The acquisition, completed on July 1, 2025, included 27 new branch locations and increased the company’s loan and deposit portfolios significantly, contributing to a stronger net interest margin and improved asset quality metrics.
The most recent analyst rating on (INDB) stock is a Buy with a $78.00 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 stock score reflects its solid financial performance, characterized by strong revenue growth and effective cost management. The positive sentiment from the recent earnings call, highlighting strategic progress and financial improvements, further supports the score. While the technical analysis suggests a neutral trend, the reasonable valuation and attractive dividend yield provide additional support for the stock’s potential. The company should focus on improving operational cash flow conversion and addressing economic uncertainties to enhance its position.
To see Spark’s full report on INDB stock, click here.
More about Independent Bank
Independent Bank Corp., the parent company of Rockland Trust Company, operates in the financial services industry, offering a range of banking products and services. The company focuses on expanding its market presence through strategic acquisitions, such as the recent acquisition of Enterprise Bancorp, Inc.
Average Trading Volume: 333,053
Technical Sentiment Signal: Strong Buy
Current Market Cap: $3.38B
For detailed information about INDB stock, go to TipRanks’ Stock Analysis page.