Independent Bank Corp. Reports Second Quarter Net Income of $81.8 Million
Independent Bank Corp. reported Q2 2026 net income of $81.8 million, or $1.70 per diluted share, increasing from $79.9 million in the prior quarter. The company actively returned capital to shareholders, repurchasing approximately 964,000 shares for $75 million during the quarter, leaving $151 million remaining on its authorization.
Key figures
- Eps
- 1.7
- Net income
- 81838000
- Total loans
- 18394327000
- Adjusted nim
- 3.76%
- Total assets
- 24973894000
- Total deposits
- 20392118000
- Net charge offs
- 911000
- Efficiency ratio
- 55.37%
- Net interest margin
- 3.85%
- Nonperforming loans
- 103642000
- Book value per share
- 73.76
- Return on average assets
- 1.34%
- Provision for credit losses
- 6250000
- Tangible book value per share
- 48.34
- Return on average common equity
- 9.24%
AI analysis
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