INDEPENDENT BANK CORP
For the period ended Dec 31, 2025. Filed Feb 27, 2026.
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FY2025 · Filed Feb 27, 2026
INDB$85.28+1.4%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Balance Sheets
(Dollars in thousands)
| December 31 | ||
|---|---|---|
| 2025 | 2024 | |
| Assets | ||
| Cash and due from banks | $229,770 | $187,849 |
| Interest-earning deposits with banks | 542,132 | 32,041 |
| Securities | ||
| Trading | 4,720 | 4,245 |
| Equities | 21,581 | 21,204 |
| Available for sale (amortized cost $2,051,822 and $1,353,964) | 2,004,247 | 1,250,944 |
| Held to maturity (fair value $1,190,733 and $1,291,801) | 1,279,027 | 1,434,956 |
| Total securities | 3,309,575 | 2,711,349 |
| Loans held for sale (at fair value) | 35,909 | 7,271 |
| Loans | ||
| Commercial and industrial | 4,611,789 | 3,246,455 |
| Commercial real estate | 8,275,408 | 6,839,705 |
| Commercial construction | 1,399,193 | 782,078 |
| Residential real estate | 2,873,443 | 2,460,600 |
| Home equity - first position | 506,764 | 490,115 |
| Home equity - subordinate positions | 790,898 | 650,053 |
| Other consumer | 46,282 | 39,372 |
| Total loans | 18,503,777 | 14,508,378 |
| Less: allowance for credit losses | (189,877) | (169,984) |
| Net loans | 18,313,900 | 14,338,394 |
| Federal Home Loan Bank stock | 21,835 | 31,573 |
| Bank premises and equipment, net | 218,190 | 193,320 |
| Goodwill | 1,090,610 | 985,072 |
| Other intangible assets | 133,576 | 12,284 |
| Cash surrender value of life insurance policies | 378,576 | 303,965 |
| Other assets | 638,823 | 570,447 |
| Total assets | $24,912,896 | $19,373,565 |
| Liabilities and Stockholders’ Equity | ||
| Deposits | ||
| Non-interest-bearing demand deposits | $5,600,955 | $4,390,703 |
| Savings and interest checking accounts | 6,482,970 | 5,207,548 |
| Money market | 4,774,645 | 2,960,381 |
| Time certificates of deposit | 3,268,220 | 2,747,346 |
| Total deposits | 20,126,790 | 15,305,978 |
| Borrowings | ||
| Federal Home Loan Bank and other borrowings | 416,549 | 638,514 |
| Line of credit (less unamortized debt issuance costs of $47) | 49,953 | — |
| Junior subordinated debentures (less unamortized debt issuance costs of $26 and $28) | 62,862 | 62,860 |
| Subordinated debentures (less unamortized debt issuance costs of $3,517) | 296,483 | — |
| Total borrowings | 825,847 | 701,374 |
| Other liabilities | 394,531 | 373,093 |
| Total liabilities | 21,347,168 | 16,380,445 |
| Commitments and contingencies | — | — |
| Stockholders’ Equity | ||
| Preferred stock, $0.01 par value; authorized: 1,000,000 shares, outstanding: none | — | — |
| Common stock, $0.01 par value; authorized: 75,000,000 shares,issued and outstanding: 49,243,813 shares at December 31, 2025 and 42,500,611 shares at December 31, 2024 (includes 254,359 and 199,410 shares of unvested participating restricted stock awards, respectively) | 490 | 423 |
| Value of shares held in rabbi trust at cost: 75,247 shares at December 31, 2025 and 78,088 shares at December 31, 2024 | (3,452) | (3,383) |
| Deferred compensation obligation | 3,452 | 3,383 |
| Additional paid in capital | 2,335,879 | 1,909,980 |
| Retained earnings | 1,269,113 | 1,172,724 |
| Accumulated other comprehensive loss, net of tax | (39,754) | (90,007) |
| Total stockholders’ equity | 3,565,728 | 2,993,120 |
| Total liabilities and stockholders’ equity | $24,912,896 | $19,373,565 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.