Independent Bank Corp., the parent company of Rockland Trust Company, has reported a net income of $51.1 million for the second quarter of 2025, equating to $1.20 per diluted share. This represents an increase from the first quarter of 2025, where net income stood at $44.4 million or $1.04 per diluted share. The improvement in net income is attributed primarily to higher revenues and a decrease in the loan loss provision. Excluding merger-related costs and tax effects, the operating net income for the second quarter was $53.5 million, or $1.25 per diluted share, compared to $45.3 million, or $1.06 per diluted share, from the first quarter. The company announced a new stock repurchase plan authorizing up to $150 million in common stock repurchases, valid until July 16, 2026. CEO Jeffrey Tengel expressed satisfaction with the second quarter results and emphasized the successful acquisition of Enterprise Bancorp, with plans for a core operating conversion in October 2025. The company's book value per share increased by $0.94 to $72.13 as of June 30, 2025, while the tangible book value per share rose by $0.99 to $48.80. Net interest income for the second quarter increased to $147.5 million from $145.5 million in the prior quarter. Notable changes in non-interest income include an 8.1% increase in interchange and ATM fees, a 44.7% rise in mortgage banking income, and a $1.7 million gain from life insurance policy proceeds. However, loan level derivative income experienced a significant decline of 93.7%. Overall, the company is focused on integrating the recent acquisition and maintaining its strong capital position.