INDEPENDENT BANK CORP (INDB) Form 8-K — Jul 16, 2026
Independent Bank Corp. reported second quarter net income of $81.8 million, or $1.70 per diluted share, an increase from the prior quarter's $79.9 million, or $1.63 per share. The company saw growth in deposit balances, which increased $294.6 million to $20.4 billion, while total loan balances decreased marginally by $31.2 million to $18.4 billion. The net interest margin decreased 5 basis points on a reported basis to 3.85%, though the adjusted margin increased 4 basis points to 3.76% excluding purchase accounting accretion.
Key figures
- Eps
- 1.7
- Revenue
- 253318000
- Net Income
- 81838000
- Total Assets
- 24973894000
- Shares Outstanding
- 47618626
- Net Interest Margin
- 3.85%
- Shares Repurchased
- 964000
- Nonperforming Loans
- $103.6 million
- Share Repurchase Cost
- $75.0 million
- Adjusted Net Interest Margin
- 3.76%
- Tangible Book Value Per Share
- 48.34
Price after filing
Close on the filing date to close N calendar days later (from $83.45). Historical, not a forecast.
AI analysis
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