Financial insights of INDB

MyFinsight

For the quarter ending 2026-03-31.

Income Overview

Net Income
$79,919K
EPS
$1.63
Unit: Thousand (K) dollars

Income Statement	2026-03-31	2025-12-31	2025-09-30	2025-06-30
Interest and fees on loans	260,982	224,361*	263,772	197,778
Interest income, securities, operating, taxable	25,260	20,495*	23,303	15,879
Non-taxable interest and dividends on securities	114	30*	208	2
Interest on loans held for sale	252	249*	225	140
Interest on federal funds sold and short-term investments	3,657	2,309*	7,245	4,393
Total interest and dividend income	290,265	247,443*	294,753	218,192
Interest on deposits	66,935	63,524*	80,739	59,843
Interest on borrowings	10,871	6,889*	10,670	10,853
Interest expense, operating, total	77,806	70,412*	91,409	70,696
Net interest income	212,459	177,031*	203,344	147,496
Provision for loan and lease gaines	5,500	-3,109*	38,519	7,200
Net interest income after provision for credit losses	206,959	180,140*	164,825	140,296
Deposit account fees	9,249	8,159*	8,847	7,141
Interchange and atm fees	5,018	4,510*	5,989	4,997
Investment banking, advisory, brokerage, and underwriting fees and commissions	14,165	12,497*	13,652	11,380
Mortgage banking income	1,270	757*	1,444	1,072
Bank owned life insurance income	2,712	2,434*	2,629	2,038
Loss realized on life insurance policies	346	-510*	0	1,650
Loan level derivative income	910	1,629*	1,224	66
Other non-interest income	6,592	7,155*	6,613	5,964
Total non-interest income	40,262	36,630*	40,398	34,308
Salaries and employee benefits	80,737	73,239*	81,132	62,856
Occupancy and equipment expenses	17,306	15,397*	14,975	13,158
Advertising expense	-	-	-	1,797
Data processing& facilities management	3,259	2,824*	2,788	2,783
Software maintenance	7,068	6,186*	6,854	5,166
Fdic assessment	3,328	4,321*	3,080	2,373
Debit card expense	2,402	2,540*	-	1,984
Consulting expense	-	3,559*	-	1,018
Cost, amortization	-	4,228*	-	-
Amortization of intangible assets	6,890	-	7,315	1,197
Business combination, acquisition-related cost, expense	3,024	437*	23,893	2,239
Other non-interest expenses	18,904	12,701*	20,799	14,227
Total non-interest expenses	142,918	125,430*	160,836	108,798
Income before income taxes	104,303	91,340*	44,387	65,806
Current federal, state and local, tax expense (benefit)	24,384	-	10,125	14,705
Income tax benefit	-	14,262*	-	-
Net income	79,919	77,078	34,262	51,101

Basic EPS	1.63	1.818	0.69	-
Diluted EPS	1.63	1.817	0.69	-
Basic Average Shares	48,970,060	42,404,810	49,934,574	-
Diluted Average Shares	48,999,745	42,425,157	49,957,007	-

Unit: Thousand (K) dollars (except for numbers of shares and EPS). Numbers labeled with * are estimated quarterly values.

MyFinsight

Income Overview

Net Income
$79,919K
EPS
$1.63
Unit: Thousand (K) dollars

Time Plot

Show the time plot by selecting a row from the table.

Income Statement

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Income Overview

Net Income
$79,919K
EPS
$1.63
Unit: Thousand (K) dollars

Time Plot

Show the time plot by selecting a row from the table.

Income Statement

DownloadDownload image

Income Overview

Net Income$79,919KEPS$1.63Unit: Thousand (K) dollars

Time Plot

Show the time plot by selecting a row from the table.

Income Statement

Income Overview

Net Income$79,919KEPS$1.63Unit: Thousand (K) dollars

Time Plot

Show the time plot by selecting a row from the table.

Income Statement

Net Income
$79,919K
EPS
$1.63
Unit: Thousand (K) dollars

Net Income
$79,919K
EPS
$1.63
Unit: Thousand (K) dollars