Question 1

What is Independent Bank Corp's accretion of acquired loans?

Accepted Answer

Independent Bank Corp (INDB) reported accretion of acquired loans of $4.44M in Q2 2026.

Question 2

How has Independent Bank Corp's accretion of acquired loans changed year-over-year?

Accepted Answer

Independent Bank Corp's accretion of acquired loans increased by 1789.8% year-over-year, from $235K to $4.44M.

Question 3

What is the long-term trend for Independent Bank Corp's accretion of acquired loans?

Accepted Answer

Over 4 years (2021 to 2025), Independent Bank Corp's accretion of acquired loans has grown at a 13.8% compound annual growth rate (CAGR), from $6.88M to $11.53M.

Question 4

What does accretion of acquired loans mean?

Accepted Answer

This reflects the non-cash income recognized from the accretion of discounts on loans acquired through business combinations. It represents the gradual increase in the carrying value of acquired loans toward their expected collection amount. This metric is critical for evaluating the earnings contribution from past acquisitions.

Line item	Six Months Ended / June 30 / 2026	Six Months Ended / June 30 / 2025
Adjustments to reconcile net income to net cash provided by operating activities
Depreciation and amortization	20,384	19,453
Change in unamortized net loan costs and fees	(606)	(671)
Net accretion of acquired loans	(13,627)	(645)
Provision for credit losses	11,750	22,200
Deferred income tax expense	691	447
Net gain on equity securities	(198)	(169)
Net loss on bank premises and equipment	12	92

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Independent Bank Corp INDB Accretion of acquired loans