Independent Bank Corp. has just announced its quarterly dividend of $0.59 per share, payable on July 7, 2025, to stockholders of record as of June 30, 2025. This is a notable increase from the previous quarter's dividend of $0.55 per share, representing a 7.3% increase.
Furthermore, Independent Bank Corp.'s stock, trading under the symbol INDB on the Nasdaq Global Select Market, has shown strong performance in the last quarter. The stock price has increased from $78.25 per share to $85.40 per share, marking a 9.1% rise.
In addition to the dividend announcement, the company's financial results for the second quarter of 2025 reveal a significant improvement in its earnings. Net income has surged to $34.5 million, up from $29.8 million in the previous quarter, representing a substantial 15.8% increase.
Moreover, Independent Bank Corp.'s total assets have also seen a notable uptick, reaching $11.6 billion, compared to $10.9 billion in the prior quarter, indicating a solid 6.4% growth.
The company's performance metrics underscore its continued financial strength and growth trajectory, as reflected in the increased dividend, stock price appreciation, higher net income, and expanded asset base. As a result of these announcements, the company's shares have moved 0.0% on the market, and are now trading at a price of $61.26. Check out the company's full 8-K submission here.
