The earnings call presented a mix of positive achievements such as the successful exit of nonperforming assets, C&I loan growth, and the completion of the Enterprise Bank acquisition. However, these were balanced by challenges such as increased expenses, unresolved office loans, and high CRE concentration. The economic uncertainty also poses a potential risk for future growth.

Company Guidance -

Q3 2025

During the INDB Second Quarter 2025 Earnings Conference Call, CEO Jeff Tengel highlighted several key financial metrics and strategic initiatives. The company closed the Enterprise transaction on July 1 and announced a $150 million stock buyback. The second quarter saw better-than-expected net interest margin (NIM) performance, with a core NIM of 3.37%, and improvements in tangible book value, which increased 2.1% from the first quarter and 8% year-over-year. Nonperforming assets decreased by 35% from the first quarter, although one office-related nonperforming loan remains unresolved. Commercial and industrial (C&I) loans grew by 3.4%, while commercial real estate (CRE) and construction loan balances declined by 1.7%. The company aims to reduce its CRE concentration to 290% by year-end 2027. Additionally, INDB reported a GAAP net income of $51.1 million, with a diluted EPS of $1.20, and a return on assets of 1.04%. The adjusted operating net income was $53.5 million, with an EPS of $1.25. The call also outlined plans for a systems conversion in mid-October and ongoing efforts to improve profitability metrics.

Successful Exit of Nonperforming Assets

The company successfully exited its largest nonperforming loan and another large problem loan, reducing nonperforming assets by 35% from the first quarter.

Stock Buyback Announcement

A $150 million stock buyback was announced, reflecting confidence in the company's financial position.

C&I Loan Growth

C&I loans increased by 3.4% in the second quarter, reflecting strong performance in relationship banking.

Improved Tangible Book Value

Tangible book value improved by 2.1% from the first quarter and 8% year-over-year.

Wealth Management Growth

Assets under administration in the Wealth Management business grew by 4% to $7.4 billion.

Enterprise Bank Acquisition

The acquisition of Enterprise Bank was completed with expectations of enhancing shareholder value and expanding market reach.

Independent Bank (INDB) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

INDB Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Oct 16, 2025	2025 (Q3)	1.53 / -	1.01	―	―	―
Jul 17, 2025	2025 (Q2)	1.21 / 1.25	1.209	3.39% (+0.04)
Apr 17, 2025	2025 (Q1)	1.17 / 1.06	1.122	-5.53% (-0.06)
Jan 16, 2025	2024 (Q4)	1.16 / 1.21	1.26	-3.97% (-0.05)
Oct 17, 2024	2024 (Q3)	1.03 / 1.01	1.38	-26.81% (-0.37)
Jul 18, 2024	2024 (Q2)	1.11 / 1.21	1.419	-14.80% (-0.21)
Apr 18, 2024	2024 (Q1)	1.15 / 1.12	1.36	-17.50% (-0.24)
Jan 18, 2024	2023 (Q4)	1.25 / 1.26	1.69	-25.44% (-0.43)
Oct 19, 2023	2023 (Q3)	1.33 / 1.38	1.57	-12.10% (-0.19)
Jul 20, 2023	2023 (Q2)	1.36 / 1.42	1.32	7.50% (+0.10)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

INDB Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Jul 17, 2025	$65.69	$69.48	+5.77%
Apr 17, 2025	$55.32	$54.11	-2.19%
Jan 16, 2025	$62.74	$65.80	+4.88%
Oct 17, 2024	$63.32	$59.90	-5.40%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

FAQ

When does Independent Bank Corp. (INDB) report earnings?

Independent Bank Corp. (INDB) is schdueled to report earning on Oct 16, 2025, After Close (Confirmed).

What is Independent Bank Corp. (INDB) earnings time?

Independent Bank Corp. (INDB) earnings time is at Oct 16, 2025, After Close (Confirmed).

Where can I see when companies are reporting earnings?

You can see which companies are reporting today on our designated earnings calendar.

What companies are reporting earnings today?

You can see a list of the companies which are reporting today on TipRanks earnings calendar.

What is INDB EPS forecast?

INDB EPS forecast for the fiscal quarter 2025 (Q3) is 1.53.

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