Rockland, MA · Cert 9712 · Independent Bank Corp.
State charter, non-member · FDIC · 151 branches
Q2 2026
Market Position · Boston-Cambridge-Newton, MA-NH · 2026 SOD (annual) · 2.7% share · #7 of 100 inst. · $15.4B of $580.3B
Return on Assets (YTD, annualized)
Net Interest Margin (YTD, annualized)
Efficiency Ratio (YTD, annualized)
Tier 1 Leverage Ratio
Year to date, annualized, through each quarter.
| Metric | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 | YoY Δ | Trend |
|---|---|---|---|---|---|---|---|---|---|---|
| Earnings | ||||||||||
| Return on Assets | 1.01% | 1.02% | 0.95% | 1.06% | 0.93% | 1.03% | 1.43% | 1.41% | +35 bps | |
| Return on Equity | 6.69% | 6.71% | 6.13% | 6.79% | 5.98% | 6.61% | 9.13% | 9.05% | +226 bps | |
| Net Interest Margin | 3.09% | 3.10% | 3.20% | 3.24% | 2.89% | 3.10% | 3.76% | 3.77% | +53 bps | |
| Efficiency Ratio | 57.11% | 57.41% | 57.89% | 57.29% | 58.83% | 58.01% | 52.07% | 51.41% | -588 bps | |
| Non-Interest Burden | 1.44% | 1.46% | 1.51% | 1.51% | 1.44% | 1.53% | 1.66% | 1.63% | +13 bps | |
| Growth | ||||||||||
| Asset Growth (YoY) | 0.19% | 0.13% | 2.89% | 3.29% | 28.73% | 28.54% | 24.64% | 24.52% | +2,124 bps | |
| Loan Growth (YoY) | 1.05% | 1.62% | 1.11% | 0.91% | 28.46% | 27.72% | 27.18% | 26.57% | +2,565 bps | |
| Deposit Growth (YoY) | 2.10% | 2.97% | 5.39% | 4.58% | 31.45% | 31.33% | 27.23% | 26.78% | +2,220 bps | |
| Asset Quality | ||||||||||
| Nonperforming Loans / Loans | 0.73% | 0.70% | 0.62% | 0.39% | 0.47% | 0.45% | 0.52% | 0.56% | +18 bps | |
| Net Charge-Offs / Loans | 0.07% | 0.06% | 1.13% | 0.65% | 0.36% | 0.29% | 0.10% | 0.06% | -59 bps | |
| Allowance / Loans | 1.14% | 1.17% | 0.99% | 0.99% | 1.03% | 1.02% | 1.03% | 1.06% | +7 bps | |
| Allowance Coverage of NPLs | 1.6x | 1.7x | 1.6x | 2.6x | 2.2x | 2.3x | 2.0x | 1.9x | -0.7x | |
| Capital | ||||||||||
| Tier 1 Leverage Ratio | 11.19% | 11.18% | 12.05% | 11.95% | 11.27% | 11.45% | 11.72% | 11.83% | -11 bps | |
| Total Risk-Based Capital | 15.48% | 15.43% | 16.26% | 16.29% | 15.26% | 15.46% | 15.73% | 15.85% | -44 bps | |
| Equity / Assets | 15.31% | 15.30% | 15.83% | 15.81% | 15.30% | 15.56% | 15.71% | 15.60% | -21 bps | |
| Liquidity & Funding | ||||||||||
| Loans / Deposits | 92.56% | 94.11% | 91.15% | 89.87% | 90.46% | 91.52% | 91.12% | 89.72% | -15 bps | |
| Liquid Assets / Assets | 8.85% | 7.57% | 9.62% | 10.30% | 8.26% | 7.31% | 7.11% | 7.85% | -245 bps | |
| CRE / Total Capital | n/a | n/a | n/a | n/a | 391% | 387% | 381% | n/a | n/a | |