Independent Bank Corp. · NASDAQ:INDB
Independent Bank — KBW 2026 Boston Bank Day
27 slides from Independent Bank's conference presentation, Nov 2, 2026
Slide 1: KBW 2026 Boston Bank Day
Exhibit 99.1 Jeff Tengel Chief Executive Officer Mark Ruggiero Chief Financial Officer & EVP/Consumer Lending KBW 2026 Boston Bank Day November 3, 2026
Slide 2: Who We Are
2 Who We Are Independent Bank Corp. (Nasdaq: INDB) • Main Banking Subsidiary: Rockland Trust • Massachusetts based; New England focused Key Metrics as of September 30 2026 $25.0 B TOTAL ASSETS $18.6 B LOANS $20.5 B DEPOSITS $9.5 B WEALTH MANAGEMENT $3.9 B MARKET CAP* *as of October 30, 2026
Slide 3: Our Corporate Promises
3 Our Corporate Promises: We remain committed to our colleagues, customers, community and shareholders. This connects our purpose to everything we do. It transforms what banking means from a mere transaction to the chance to make a positive difference in the lives of others. This motivates our colle
Slide 4: Strong, Resilient Franchise; Well Positioned for Growth
4 Safe & Sound Customer Centric • Full suite of retail banking, commercial banking, and wealth product offerings • Relationship-oriented commercial lending with strong local market knowledge and presence • Exceptional third party customer service recognition in both commercial and retail • Strong br
Slide 5: Recent Awards
5 Recent Awards Consistent recognition across employee experience, financial performance, and community impact.
Slide 6: Earnings Growth & Profitability Enhancement
6 Earnings Growth & Profitability Enhancement (1) Represents a non-GAAP measure. See Appendices for reconciliation to the corresponding GAAP measures. Operating Pre-Provision Net Revenue ROAA 1.70% 1.78% 1.85% 1.85% 1.95% Q3 2025 Q4 2025 Q1 2026 Q2 2026 Q3 2026 1.00% 1.50% 2.00% Operating ROAA 1.23%
Slide 7: Q3 2026 Financial Highlights
7 ($ in millions, except per share) Q3’26 Q3’26 Operating(1) Q2’26 Q2’26 Operating(1) Q3’25 Q3’25 Operating(1) Net Income $ 89.7 $ 89.7 $ 81.8 $ 81.8 $ 34.3 $ 77.4 Diluted EPS $ 1.90 $ 1.90 $ 1.70 $ 1.70 $ 0.69 $ 1.55 ROAA 1.42% 1.42% 1.34% 1.34% 0.55% 1.23% ROACE 10.13% 10.13% 9.24% 9.24% 3.82% 8.6
Slide 8: Deposit Balances
8 Deposit Balances (Dollars in millions) September 30 2026 June 30 2026 $ Increase (Decrease) % Increase (Decrease) Deposit Product Type Noninterest-bearing demand deposits $ 5,761 $ 5,710 $ 51 0.9% Savings and interest checking 6,450 6,504 (54) (0.8)% Money market 5,164 4,929 235 4.8% Time certific
Slide 9: Strategic Market Share Positioning
9 Counties Deposits ($bn) Market Share (%) Rank Branches Plymouth, MA 5.3 28.2 1 28(1) Middlesex, MA 3.5 4.2 9 28 Norfolk, MA 2.5 4.9 6 19 Suffolk, MA 2.2 1.6 7 20 Bristol, MA 1.6 9.7 5 8 Barnstable, MA 1.4 12.2 3 12 Essex, MA 1.3 4.2 9 10 Worcester, MA 1.0 4.3 9 10 Rockingham, NH 0.6 4.8 6 4 Hillsb
Slide 10: Loan Balances and Commercial Loan Change
10 Linked Quarter Change in Commercial Loans $14,139 $60 $38 $(11) $(7) $14,219 Q2 2026 C&I ex. Dealer Finance CRE ex. Office C&I - Dealer Finance CRE - Office Q3 2026 Loan Balances (Dollars in millions) September 30 2026 June 30 2026 $ Increase (Decrease) % Increase (Decrease) Loan Category Commerc
Slide 11: Loan Portfolios
11 95% CRE & Construction Portfolio $9.4 billion Multi-Family - 31.5% Residential - Related - 16.0% Office - 10.9%Mixed-Use Office - 1.9% Industrial/ Warehouse - 9.9% Lodging - 8.5% Retail - 16.0% Healthcare - 0.7% Other - 4.6% C&I Portfolio $4.8 billion Retail Trade - 15.9% Real Estate/Rental and L
Slide 12: Asset Quality
12 Nonperforming Loans ($ in millions) $83.6 $96.6 $103.6 $125.7 0.45% 0.52% 0.56% 0.68% NPLs ($Mil) NPL as % of Total Loans Q4 2025 Q1 2026 Q2 2026 Q3 2026 0.25% 0.50% 0.75% $0 $80 $160 Commercial Criticized & Classified Loans ($ in millions) $472.9 $575.5 $545.6 $550.9 3.31% 4.04% 3.86% 3.87% Crit
Slide 13: Office Portfolio
13 Top 20 Borrowers All Others Total Portfolio ($ in millions) Total Avg Loan ($ in millions) Total Avg Loan ($ in millions) Total Avg Loan Class A $272.9 $24.8 Class A $144.4 $4.8 Class A $417.3 $10.2 Class B/C 176.0 22.0 Class B/C 302.3 1.4 Class B/C 478.3 2.2 Medical 26.0 26.0 Medical 94.6 2.3 Me
Slide 14: Net Interest Margin Dynamics
14 Trend in Asset Yields vs. Funding Costs 2.84% 2.96% 3.08% 3.13% 3.36% 5.61% 5.57% 5.55% 5.58% 5.64% 1.72% 1.60% 1.52% 1.52% 1.56% Security yields Adjusted loan yields(1) Funding costs Q3 2025 Q4 2025 Q1 2026 Q2 2026 Q3 2026 —% 2.00% 4.00% 6.00% 8.00% Net Interest Margin 3.62% 3.77% 3.90% 3.85% 3.
Slide 15: Strong Capital Position
15 Tangible Book Value $44.13 $46.96 $47.55 $47.89 10.31% 10.86% 9.88% 9.44% TBV Per Share Tangible Equity/Tangible Assets % 2023 2024 2025 Q3 2026 $20.0 $40.0 10% Key Capital Ratios Period Ended September 30 2026 June 30 2026 March 31 2026 Tangible Common Equity / Tangible Assets(1) 9.44% 9.69% 9.8
Slide 16: Securities Portfolio
16 Available for Sale (AFS) Held to Maturity (HTM) Portfolio Composition at September 30, 2026 Book Value Fair Value Unrealized Gain/(Loss) Book Value Fair Value Unrealized Gain/(Loss) ($ in millions) U.S. government agency securities $ 198 $ 188 $ (10) $ — $ — $ — U.S. treasury securities 291 280 (
Slide 17: Focal Point | Investment Management and Advisory
17 Focal Point | Investment Management and Advisory $ in b ill io ns Assets Under Administration (AUA) 13% CAGR $5.7 $5.8 $6.5 $7.0 $9.2 $9.5 2021 2022 2023 2024 2025 Q3 2026 $0.0 $5.0 $10.0 $ in m ill io ns Revenues 9% CAGR $35.3 $36.8 $40.2 $42.7 $50.0 $43.6 2021 2022 2023 2024 2025 YTD 2026 $0.0
Slide 18: Q4 2026 Expectations
18 Metric Q4 2026 Expectations Loan Growth • Commercial real estate and Construction: low-single digit annualized percentage increase • Commercial and Industrial: mid-single digit annualized percentage increase • Home equity: high-single digit annualized percentage increase • Residential mortgage: f
Slide 19: Strategic Priorities
19 • Capitalizing on growth opportunities in expanded markets ◦ Promote depth and breath of product set ◦ Strengthen community engagement ◦ Capture new market opportunities • Growing C&I lending business ◦ Expanded middle market capabilities; recent growth driver ◦ Dedicated teams/verticals (non-pro
Slide 20: INDB Investment Merits
20 • High quality franchise in attractive markets • Low risk balance sheet with strong core deposit funding base • Strong capital base, well-above regulatory mandated levels that enables maximum capital management flexibility • Earnings improvement as fixed assets reprice to prevailing market rates
Slide 21: Forward-Looking Statements
21 This presentation contains certain “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995 with respect to the financial condition, results of operations and business of the Company. These statements may be identified by such forward-looking termino
Slide 22: Non-GAAP Financial Measures
22 This presentation contains financial information determined by methods other than in accordance with accounting principles generally accepted in the United States of America (“GAAP”). This information may include operating net income and operating earnings per share (“EPS”), operating return on a
Slide 23: Appendix
i INDEPENDENT Appendix BANK CORP.
Slide 24: Tangible Common Equity Reconciliation
24 (Dollars in thousands) September 30 2026 June 30 2026 March 31 2026 December 31 2025 December 31 2024 December 31 2023 Tangible common equity Stockholders' equity (GAAP) $3,452,336 $3,512,363 $3,542,041 $3,565,728 $2,993,120 $2,895,251 (a) Less: Goodwill and other intangibles 1,204,278 $1,210,506
Slide 25: Non-GAAP Reconciliation of Earnings Metrics
25 Non-GAAP Reconciliation of Earnings Metrics (Unaudited, dollars in thousands) Three Months Ended September 30 2026 June 30 2026 March 31 2026 December 31 2025 September 30 2025 Net interest income (GAAP) $ 220,661 $ 210,927 $ 212,459 $ 212,486 $ 203,344 Noninterest income (GAAP) $ 41,287 $ 42,391
Slide 26: Pre-Provision Net Revenue Reconciliation
26 (Unaudited, dollars in thousands) Three Months Ended September 30 2026 June 30 2026 March 31 2026 December 31 2025 September 30 2025 Pre-provision net revenue (2) $ 123,528 $ 113,046 $ 109,803 $ 99,561 $ 82,906 Pre-provision net revenue on an operating basis Pre-provision net revenue $ 123,528 $
Slide 27: Adjusted Net Interest Margin Reconciliation
27 Three Months Ended September 30, 2026 June 30, 2026 March 31, 2026 December 31, 2025 September 30, 2025 Volume Interest Margin Impact Volume Interest Margin Impact Volume Interest Margin Impact Volume Interest Margin Impact Volume Interest Margin Impact (Unaudited, dollars in thousands) Reported