Strong loan growth and strategic …

• Net income: $ 51.1 million for the second quarter of 2025.

• Diluted EPS: $ 1.20 for Q2 2025.

• Rendite of the assets (ROA): 1.04% for Q2 2025.

• Rendite on average common equity: 6.68% for Q2 2025.

• Rendite on average tangible common equity: 9.89% for Q2 2025.

• Adapted operational net income: 53.5 million US dollars without merger costs.

• Classified diluted EPS: USD 1.25 without merger costs.

• Netto interest rate range (NIM): 3.37% for Q2 2025.

• Disposal growth: Non-time payments by 3.6% compared to the previous year.

• Costs for deposits: 1.54% for Q2 2025.

• Commercial and industrial (C&I) loan growth: 3.4% in the second quarter of 2025.

• Non-performance: 35% compared to the first quarter of 2025.

• Factual book value per share: Increased by $ 0.99 in the second quarter of 2025.

• Assets under administration (AUA): Grew by 4% to 7.4 billion US dollars in the second quarter of 2025.

• Investment management income: Rose by 1.4% compared to the first quarter of 2025 and almost 4% compared to the second quarter of 2024.

• Share buyback: Terminated 150 million US dollar share buyback plan.

Appearance date: July 18, 2025

You can find the complete copy of the earnings call in the complete earnings call.

• The Independent Bank Corp (Nasdaq: Indb) reported better performance than expected net interest rate (NIM) for the second quarter.

• The company achieved a solid loan growth of 3.4% of 3.4% in the quarter.

• There was a significant reduction in the non -powerful assets of 35% compared to the first quarter.

• The acquisition of the Enterprise Bank was successfully completed, without branch closures or strategic false adjustments.

• A share buyback of 150 million US dollars has been announced, which contradicts the trust in the financial position of the company.

• Higher expenses partially have positive financial performance in the second quarter.

• The CRE portfolio (Commercial Real Estate) is another drain that affects the loan growth.

• The economic uncertainty, including the effects of tariffs and measures by the federal government, prompted customers to tackle expansion plans.

• An important, non-efficient office loan contract fell and is offered for sale.

• It is expected that the CRE concentration will increase temporarily due to the company recording, whereby the efforts are required to reduce it to the target levels.

Q: Where were new leaks in the quarter and how did the competitive dynamics affect pricing and demand from loans? A: Jeffrey Tengel, CEO: In most segments we saw good loans with a conservative approach for our CRE portfolio. The competitive landscape is still a challenge, especially in the C&I portfolio, and many banks are interested in growth. Even in the commercial property room, some banks become more aggressive. Mark Ruggiero, CFO: On the commercial side, the closures were within the second quarter of high-sixes, while the consumer book was in the middle of the middle.