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Independent Bank Q1 FY26 net income rises 8.3% to $16.9 million

PUBT·04/23/2026 12:06:43
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Independent Bank Q1 FY26 net income rises 8.3% to $16.9 million
  • Independent Bank posted Q1 2026 net income of $16.9 million, up 8.3%, with diluted EPS of $0.81.
  • Net interest income climbed 7.3% to $46.9 million as net interest margin widened to 3.65% from 3.49% a year earlier.
  • Total deposits increased $119 million from Dec. 31, 2025 to $4.88 billion, while loans grew $31.8 million to $4.31 billion.
  • Non-interest expense rose to $38.3 million, reflecting higher compensation, advertising, merger-related costs, and $1.5 million in litigation expense.
  • CEO William B. “Brad” Kessel cited continued growth in loans and core deposits, adding the recently announced HCB Financial merger is expected to enhance shareholder value.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Independent Bank Corporation published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202604230800PRIMZONEFULLFEED9695278) on April 23, 2026, and is solely responsible for the information contained therein.