Independent Bank Corp. (NASDAQ: INDB) has reported its fourth-quarter net income for 2025 at $75.3 million, or $1.52 per diluted share, compared to $34.3 million, or $0.69 per diluted share in the third quarter of 2025. Excluding certain costs, operating net income was $84.4 million, or $1.70 per diluted share for the fourth quarter of 2025, compared to $77.4 million, or $1.55 per diluted share for the third quarter.
The company's return on average assets and return on average common equity for the fourth quarter of 2025 were 1.20% and 8.38%, respectively, compared to 0.55% and 3.82% for the prior quarter. On an operating basis, the return on average assets and return on average common equity for the fourth quarter of 2025 were 1.34% and 9.38%, respectively, compared to 1.23% and 8.63% for the previous quarter.
Total assets of the company at December 31, 2025, decreased by $80.3 million, or 0.3%, compared to the prior quarter, while total loans increased by $51.3 million, or 0.3%. The company repurchased approximately 548,000 shares for $37.5 million during the fourth quarter.
The net interest margin of the company increased by 15 basis points to 3.77% compared to the prior quarter. Total deposit balances decreased by $169.1 million, or 0.8%, at December 31, 2025, compared to the prior quarter, and the company's tangible book value per share grew by $1.04 from the prior quarter.
Noninterest income for the fourth quarter of 2025 increased by $1.0 million, or 2.6%, compared to the prior quarter. The company's noninterest expense decreased by $6.5 million, or 4.0%, as compared to the prior quarter.
The company's quarterly effective tax rate decreased to 20.54% for the fourth quarter of 2025 from 22.81% for the prior quarter. Nonperforming loans decreased to $83.6 million at December 31, 2025, as compared to $86.6 million at September 30, 2025.
The press release also announced that Jeffrey Tengel, the CEO of Independent Bank Corp., and Mark Ruggiero, the CFO and EVP of Consumer Lending, will host a conference call to discuss the fourth-quarter earnings at 10:00 a.m. Eastern Time on Friday, January 23, 2026.
Independent Bank Corp. is the holding company for Rockland Trust Company, offering a wide range of banking, investment, and insurance services to individuals, families, and businesses. Following these announcements, the company's shares moved -0.22%, and are now trading at a price of $76.45. For the full picture, make sure to review INDEPENDENT BANK CORP's 8-K report.
