Brief: Independent Bank Massachusetts Q2 Adjusted EPS USD 1.25 Vs. IBES Estimate USD 1.21

Independent Bank (Massachusetts)

17/07/2025 21:10

Overview

Independent Bank Q2 adjusted EPS of $1.25 beats analyst expectations

Net income rises to $51.1 mln, driven by higher revenues and lower loan loss provision

Co announces $150 mln stock repurchase plan

Outlook

Co did not provide specific guidance

Co expects core operating conversion completion in October 2025 following Enterprise Bancorp acquisition

Result Drivers

NET INTEREST INCOME - Increase driven by higher revenues and lower loan loss provision

MERGER COSTS - Merger-related costs associated with the acquisition of Enterprise Bancorp impacted financial results

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Adjusted EPS
Beat
$1.25
$1.21 (4 Analysts)
Q2 EPS
$1.2
Q2 Net Income
$51.10 mln
Q2 Net Interest Income
$147.50 mln
Q2 Net Interest Margin
3.4%


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the banks peer group is "buy"

Wall Street's median 12-month price target for Independent Bank Corp (Massachusetts) is $75.00, about 14.4% above its July 16 closing price of $64.17

The stock recently traded at 11 times the next 12-month earnings vs. a P/E of 11 three months ago

Press Release: ID:nBw1jbzm9a

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)