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INDEPENDENT BANK CORP (INDB) Form 8-K — Jul 16, 2026

$INDBForm 8-KItems 2.02, 7.01, 9.01Filed Jul 16, 2026, 4:14 PM ET0000776901-26-000121Original filing

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

1 day: +2.1%7 days: +2.0%30 days: +3.0%

Close on the filing date to close N calendar days later (from $83.45). Historical, not a forecast.

AI analysis

Red flags2 · Pro

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AI-generated analysis of a public disclosure. Not investment advice; verify against the original document.