Independent Bank (INDB) investor relations material

Company overview and market position

• Operates primarily in Massachusetts and New England, with $25.0B in assets, $18.4B in loans, and $20.4B in deposits as of June 30, 2026.

• Main subsidiary is Rockland Trust, with a strong presence and #1 deposit market share in Plymouth County (26.9%).

• Focuses on relationship-driven banking, community engagement, and sustainable value creation.

• Recognized for employee experience, financial performance, and community impact, including awards from Forbes and Boston Business Journal.

Financial performance and profitability

• Q2 2026 operating EPS was $1.70, with net income of $81.8M and ROAA of 1.34%.

• Net interest margin expanded to 3.76% (adjusted), with fee income up 5.3% and wealth AUA at $9.5B.

• Operating ROATCE reached 14.05%, and tangible book value per share grew by $0.48 to $48.34.

• Consistent profitability with a focus on margin maintenance and organic capital generation.

Balance sheet, asset quality, and capital

• Loans totaled $18.4B, with commercial and industrial lending up 1.7% and commercial real estate down 2.9% quarter-over-quarter.

• Deposits increased by $295M (1.5%) in Q2 2026, with a diversified, low-cost base.

• Nonperforming loans remain low at 0.52% of total loans; allowance for credit losses stable at 1.03%.

• Strong capital ratios: tangible common equity/tangible assets at 9.69%, CET1 at 12.81%, and total capital at 15.71%.