Independent Bank(NASDAQ) INDB

Independent Bank Corp. helps people and local businesses manage money. It provides bank accounts and loans for personal needs. The bank also manages investments for individuals and groups.

Lending, Deposits, and Wealth Services

• Commercial Banking: Business loans for commercial, industrial, and construction purposes; this includes financing for warehouses and retail properties.
• Consumer Banking: Residential mortgages and home equity lines for personal financing needs.
• Deposit Accounts: Interest-bearing checking, savings, and money market products for retail and business customers.
• Wealth Management: Investment and trust services for individuals and institutions; managed $9.5 billion in assets as of June 30, 2026.

How the Bank Is Growing

• Acquired Enterprise Bancorp Inc. in July 2025 to increase total interest-earning assets and the customer base.
• Integrated $1.5 billion in wealth management assets under administration through the Enterprise acquisition.
• Exited the dealer finance business strategically during the first half of 2026.
• Started a core system conversion in 2026 to modernize the company's technology infrastructure.

What Keeps the Bank Stable?

Independent Bank maintains a high level of core deposits, which made up 84.1% of total deposits at June 30, 2026. The company manages risks through three lines of defense that monitor eight major areas, including credit, liquidity, and technology security.

Vital Financial Data

• Net income was $81.8 million for the three-month period ended June 30, 2026.
• Total assets reached approximately $25.0 billion at June 30, 2026.
• Net interest margin reached 3.85% for the second quarter of 2026, which is a non-GAAP measure.
• Total deposits grew to $20.4 billion at June 30, 2026, up 1.3% from Dec. 31, 2025.

Bottom Line

Independent Bank has expanded its regional presence in Massachusetts by successfully integrating major acquisitions. Its focus on updating technology and growing its wealth management business supports its long-term operational strategy.