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Over $500 million in maturing securities are repricing toward 6%, structurally expanding margins without waiting for Fed moves.
Independent Bank (NASDAQ: INDB) reported third-quarter 2026 net income of $89.7 million, or $1.90 per diluted share, as loan and deposit growth, a stable core net interest margin and disciplined expenses supported record earnings per share. Chief Executive Officer Jeff Tengel said the bank generated $158 million of total loan growth during the quarter, nearly 3.5%
Independent Bank Corp. delivered record Q3 profitability, with net income of $89.7 million and EPS of $1.90, surpassing expectations. INDB's net interest margin expanded to 3.89%, and net interest income rose $9.7 million sequentially, defying sector margin concerns. Loan and deposit growth remained positive despite high rates, but asset quality softened as nonperforming loans rose to 0.68% of total loans.
Independent Bank Corp. ( INDB ) Q3 2026 Earnings Call October 16, 2026 10:00 AM EDT Company Participants Jeffrey Tengel - President, CEO & Director Mark Ruggiero - Chief Financial Officer Conference Call Participants Feddie Strickland - Hovde Group, LLC, Research Division Justin Crowley - Piper Sandler & Co., Research Division Laura Havener Hunsicker - Seaport Research Partners Stephen Moss - Raymond James & Associates, Inc., Research Division Jared David Shaw - Barclays Bank PLC, Research Division Matthew Breese - Stephens Inc., Research Division Presentation Operator Hello, everyone. Thank you for joining us, and welcome to the Independent Bank Corp. Third Quarter 2026 Earnings Call.
Independent Bank NASDAQ: INDB reported third-quarter 2026 net income of $89.7 million, or $1.90 per diluted share, as loan and deposit growth, a stable core net interest margin and disciplined expenses supported record earnings per share.
Independent Bank Corp. (INDB) remains a Buy, supported by improving earnings and an attractive valuation. Q3 EPS rose to $1.90, beating expectations as profitability improved. Credit quality is weakening, with rising delinquencies and troubled office loans.
Although the revenue and EPS for Independent Bank Corp. (INDB) give a sense of how its business performed in the quarter ended September 2026, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Independent Bank Corp. (INDB) came out with quarterly earnings of $1.9 per share, beating the Zacks Consensus Estimate of $1.84 per share. This compares to earnings of $1.55 per share a year ago.