Independent Bank Non-GAAP EPS of $1.55 beats by $0.02, revenue of $243.73M misses by $1.04M

* Independent Bank press release [https://seekingalpha.com/pr/20269697-independent-bank-corp-reports-third-quarter-net-income-of-34_3-million] (NASDAQ:INDB [https://seekingalpha.com/symbol/INDB]): Q3 Non-GAAP EPS of $1.55 beats by $0.02.
* Revenue of $243.73M (+39.1% Y/Y) misses by $1.04M.
* On an operating basis, the company generated a return on average assets and a return on average common equity of 1.23% and 8.63%, respectively, for the third quarter of 2025, as compared to 1.09% and 6.99%, respectively, for the prior quarter.
* The company’s net interest margin of 3.62% increased 25 basis points compared to the prior quarter.
* Deposit balances of $20.3 billion at September 30, 2025 increased $4.4 billion, or 27.7%, from the second quarter of 2025.
* The Company’s book value per share decreased by $0.89, or 1.2%, to $71.24 at September 30, 2025 as compared to the prior quarter.
* The Company’s tangible book value per share at September 30, 2025 declined by $2.17, or 4.4%, from the prior quarter to $46.63, and grew by 0.1% from the year ago period.

MORE ON INDEPENDENT BANK

* Independent Bank: Recent Acquisition Is The Main Earnings Catalyst [https://seekingalpha.com/article/4828475-independent-bank-corp-recent-acquisition-is-the-main-earnings-catalyst]
* Seeking Alpha’s Quant Rating on Independent Bank [https://seekingalpha.com/symbol/INDB/ratings/quant-ratings]
* Historical earnings data for Independent Bank [https://seekingalpha.com/symbol/INDB/earnings]
* Dividend scorecard for Independent Bank [https://seekingalpha.com/symbol/INDB/dividends/scorecard]
* Financial information for Independent Bank [https://seekingalpha.com/symbol/INDB/income-statement]