Independent Bank Expands with Enterprise Bancorp Acquisition
Independent Bank Corp. has successfully acquired Enterprise Bancorp, enhancing its market presence in Northern Massachusetts and Southern New Hampshire. The acquisition has stabilized its loan and deposit base, increased net interest margin to 3.62%, and bolstered organic growth in commercial loans. Analysts rate INDB stock as a Buy with a $75.00 target, while Spark's AI Analyst gives it an Outperform rating. Despite some challenges in commercial real estate, the bank's valuation remains attractive with a strong dividend yield and solid financial performance.
Independent Bank ( (INDB) ) just unveiled an announcement.
In the third quarter of 2025, Independent Bank Corp. successfully closed its acquisition of Enterprise Bancorp on July 1, which expanded its market presence into Northern Massachusetts and Southern New Hampshire. The acquisition contributed to a stable loan and deposit base, with key personnel retention and cost savings on track. The company’s net interest margin increased to 3.62%, and it reported strong organic growth in commercial and industrial loans. The acquisition and strategic growth have positioned Independent Bank Corp. as a top-performing bank in Massachusetts, with a significant capital buffer and a diversified, low-cost deposit base.
The most recent analyst rating on (INDB) stock is a Buy with a $75.00 price target. To see the full list of analyst forecasts on Independent Bank stock, see the INDB Stock Forecast page.
Spark’s Take on INDB Stock
According to Spark, TipRanks’ AI Analyst, INDB is a Outperform.
Independent Bank’s overall score reflects its solid financial performance and successful strategic initiatives, particularly the Enterprise acquisition. While the technical indicators suggest short-term bearish momentum, the company’s valuation remains attractive with a reasonable P/E ratio and a strong dividend yield. The earnings call provided positive insights into future growth, although some challenges persist in the commercial real estate sector and economic conditions.
To see Spark’s full report on INDB stock, click here.
More about Independent Bank
Independent Bank Corp., based in Massachusetts and focused on New England, operates primarily through its main banking subsidiary, Rockland Trust. The company offers a full suite of retail banking, commercial banking, and wealth management services, with a strong emphasis on relationship-oriented commercial lending and local market knowledge.
Average Trading Volume: 300,985
Technical Sentiment Signal: Strong Buy
Current Market Cap: $3.35B
