Independent Bank Corporation Reports 2026 Third Quarter Earnings of $0.80 Per Diluted Share
Independent Bank Corporation reported Q3 2026 net income of $17.9 million, or $0.80 per diluted share, down from $0.84 a year ago; adjusted EPS excluding $2.8 million of after-tax merger costs was $0.92. Net interest income rose 15.4% sequentially to $55.3 million and net interest margin expanded 12 bps to 3.79%, with total loans up $483.3 million and deposits up $659.3 million including the first full quarter of Highpoint Community Bank. Credit quality showed strain: the provision rose to $4.8 million and non-performing loans climbed to $39.2 million (0.80% of loans) from 0.48% a year ago, driven by four commercial relationships placed on non-accrual.
Key figures
- Eps
- 0.8
- Nim
- 3.79%
- Roa
- 1.14%
- Roe
- 12.17%
- Ppnr
- 26300000
- Npl ratio
- 0.80%
- Net income
- 17850000
- Total loans
- $4.90 billion
- Adjusted eps
- 0.92
- Total assets
- $6.26 billion
- Prior year eps
- 0.84
- Total deposits
- $5.52 billion
- Loan growth qoq
- $483.3 million
- Nim prior quarter
- 3.67%
- Deposit growth qoq
- $659.3 million
- Dividend per share
- 0.28
- Noninterest income
- 15800000
- Adjusted net income
- 20600000
- Net interest income
- 55300000
- Noninterest expense
- 44800000
- Nonperforming loans
- $39.2 million
- Net interest income qoq
- 15.4%
- Provision for credit losses
- 4810000
- Tangible book value per share
- 23.1
AI analysis
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