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Independent Bank FY26 Q2 net income rises 2.4% to $81.8 million vs FY26 Q1

PUBT·07/16/2026 20:11:52
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Independent Bank FY26 Q2 net income rises 2.4% to $81.8 million vs FY26 Q1
  • Independent Bank reported Q2 2026 net income of $81.8 million, or $1.70 a share, up 2.40% from Q1.
  • Net interest income slipped 0.72% from Q1 to $210.9 million, while net interest margin narrowed 5 basis points to 3.85%.
  • Noninterest income climbed 5.29% to $42.4 million; noninterest expense fell 1.85% to $140.3 million, with no merger costs incurred.
  • Deposits rose 1.47% from Q1 to $20.4 billion; loans edged down 0.17% to $18.4 billion.
  • Repurchased 964,000 shares for $75 million; CEO Jeffrey Tengel cited stronger core deposits, higher C&I loans, and growing fee businesses.


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 Corp. published the original content used to generate this news brief via Business Wire (Ref. ID: 202607161610BIZWIRE_USPR_____20260715_BW089937) on July 16, 2026, and is solely responsible for the information contained therein.