The earnings call reflects a mix of positive achievements such as successful transaction closures, strong deposit growth, and reduction in nonperforming assets. However, challenges remain with economic uncertainties, increased criticized loans, and competitive pressures. The sentiment leans towards positive due to significant strategic progress and financial improvements.

Company Guidance

During the INDB Second Quarter 2025 Earnings Conference Call, CEO Jeffrey J. Tengel provided guidance that highlighted several key metrics and strategic initiatives. The company reported a better-than-expected net interest margin (NIM) performance and noted solid commercial and industrial (C&I) loan growth of 3.4%, alongside strong deposit growth of 1.6% from the first quarter. Despite a continued runoff in the commercial real estate (CRE) portfolio, tangible book value improved by 2.1% from the previous quarter and 8% from the same quarter last year. Nonperforming assets were reduced by 35% from the first quarter, although one office-related nonperforming loan is still being remarketed. The company aims to reduce its CRE concentration ratio to 290% by 2027. Additionally, INDB announced a $150 million stock buyback plan and completed the acquisition of Enterprise Bank, which is expected to be 8% to 9% dilutive to tangible capital initially. The company continues to focus on growing its C&I segment, with planned loan growth in the mid-single-digit range, and improving its profitability metrics through prudent expense and capital management.

Successful Enterprise Transaction

The company closed on the Enterprise transaction on July 1, indicating strong collaboration and synergies expected from the acquisition.

Significant Reduction in Nonperforming Assets

Nonperforming assets were reduced by 35% from the first quarter, showing effective management of problem loans.

Strong Deposit Growth

Non-time deposits grew by 3.6% year-over-year and 1.6% from the first quarter, showcasing the company's robust funding base.

Increase in Tangible Book Value

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

Share Buyback Plan

The company announced a $150 million stock buyback plan, indicating confidence in its financial position.

C&I Loan Growth

Commercial & Industrial loans were up 3.4% in the second quarter, reflecting the company's focus on reducing CRE concentration.

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 (INDB) report earnings?

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

What is Independent Bank (INDB) earnings time?

Independent Bank (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 1.54.

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