Independent Bank Corp. delivered fourth-quarter earnings of $1.70 per share, surpassing the Zacks Consensus Estimate of $1.65. This represents a 40% year-over-year increase from $1.21 per share reported in Q4 2024, driven by stronger loan growth and improved net interest margins following the integration of the Enterprise Bancorp acquisition.

Rockland, Mass.–based Independent Bank Corp. reported Q4 net income of $75.3 million, or $1.52 per diluted share, up from $34.3 million, or $0.69 per diluted share, in the third quarter of 2025. Management highlighted that the current quarter benefited from the absence of merger-related costs and a one-time provision for credit losses that weighed on prior-period results, resulting in a 120% sequential increase in profitability.

Total loans increased 12% year-over-year to $12.8 billion, reflecting strong demand for commercial real estate and equipment financing in the bank’s Northeast footprint. Deposits rose 8% to $14.2 billion, supported by new client relationships and enhanced digital capabilities. These balance sheet gains contributed to a net interest margin of 3.25%, up 15 basis points from the year-ago quarter.

Following the closing of the Enterprise Bancorp deal in August 2025, Independent Bank Corp.’s Tier 1 common equity ratio stood at 9.8% at quarter end, above the Federal Reserve’s well-capitalized threshold. Tangible book value per share rose 6% year-over-year to $23.50, reflecting retained earnings and operational synergies realized during the integration process.