INDEPENDENT BANK CORP (INDB) Form 10-Q — Aug 6, 2026

$INDBForm 10-QFiled Aug 6, 2026, 4:15 PM ET0000776901-26-000129Original filing

Independent Bank Corp (Nasdaq: INDB) reported Q2 2026 net income of $81.8 million, or $1.70 per diluted share, up from $51.1 million, or $1.20 per share, a year earlier, driven primarily by the July 2025 acquisition of Enterprise Bancorp and continued net interest margin expansion. First-half 2026 net income was $161.8 million, or $3.33 per diluted share. Net interest margin expanded 48 basis points year over year to 3.85%, and the balance sheet stood at roughly $25.0 billion in total assets, $18.4 billion in loans, and $20.4 billion in deposits at June 30, 2026. Return on average assets was 1.34% and return on average equity 9.24% for the quarter.

Key figures

Eps: $1.70 diluted Q2 2026; $3.33 diluted 6M 2026
Net Income: $81.8M Q2 2026; $161.8M 6M 2026
Total Debt: $701.5M borrowings at June 30, 2026
Total Assets: $24.97 billion (approx. $25.0 billion)
Cash Position: $1.00 billion at June 30, 2026
Shares Outstanding: 47369099
Cet1 Ratio: 12.81%
Q2 Buybacks: 964,141 shares for $75.0M at avg $77.79
Total Loans: $18.4 billion
Total Deposits: $20.4 billion
Ytd2026 Buybacks: 1,766,457 shares for $138.3M at avg $78.27
Book Value Per Share: $73.76
Net Interest Margin: 3.85% Q2 2026 vs 3.37% Q2 2025 (+48 bps)
Uninsured Deposits: $6.9 billion
Merger Related Costs: $3.0M pre-tax 6M 2026; none in Q2 2026
Non Performing Loans: $103.6M, 0.56% of gross loans
Tier1 Leverage Ratio: 10.20%
Non Performing Assets: $103.8M, 0.42% of total assets
Return On Average Assets: 1.34% Q2 2026
Return On Average Equity: 9.24% Q2 2026
Buyback Capacity Remaining: $150.9M under new $200M program expiring April 29, 2027
Dividend Declared Per Share: $0.64 Q2 2026; $1.28 6M 2026
Office Portfolio Reduction: $77.5M decline in office CRE portfolio
Provision For Credit Losses: $6.3M Q2 2026 vs $7.2M Q2 2025
Assets Under Administration: $9.5 billion
Operating Net Income Non GAAP: $164.0M / $3.38 diluted 6M 2026
Tangible Book Value Per Share: $48.34

Price after filing

1 day: -0.3%7 days: +1.8%30 days: -0.1%

Close on the filing date to close N calendar days later (from $83.98). Historical, not a forecast.

AI analysis

Red flags6 · Pro

The rest of the AI analysis, red flags and sentiment are part of Signal8 Pro.

Upgrade to Pro · $49/mo billed annually

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