Independent Bank Beats Q2 Estimates

Independent Bank (NASDAQ:INDB), the regional banking group behind Rockland Trust, released its earnings for the second quarter of 2025 on July 17, 2025. The bank reported revenue and earnings per share that surpassed Wall Street expectations. Non-GAAP earnings per share reached $1.25, beating the analyst forecast of $1.21, while revenue climbed to $181.8 million, ahead of the $178.2 million estimate. The quarter was marked by improved profitability, stronger asset quality, and steady progress in deposit growth. However, management noted continued expense growth and the execution challenges related to its recent Enterprise Bancorp acquisition. Overall, it was a strong quarter that showed progress on critical business priorities while highlighting some ongoing risks. Source: Analyst estimates for the quarter provided by FactSet. Independent Bank operates primarily in Eastern Massachusetts and Rhode Island through its Rockland Trust division. It serves retail and business customers with a network of over 120 branches and various loan centers. The bank competes with both traditional local banks and online lenders, relying on a strong community presence to grow its deposit and lending base.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool