Independent Bank Corp. Q3 Net Income Rises to $17.9M, but Diluted EPS Falls to $0.80
Independent Bank Corporation reported third-quarter 2026 net income of $17.9 million, or $0.80 per diluted share, up from $17.5 million but down from $0.84 a year earlier. Net interest income rose 21.8% from a year earlier to $55.3 million, while credit loss provisions and merger-related costs increased, following the July 1, 2026 acquisition of HCB Financial Corp.
Key points
- Net income of $17.9 million, or $0.80 per diluted share, versus $17.5 million, or $0.84 per diluted share, in the third quarter of 2025
- Net interest margin of 3.79%, up from 3.51% a year earlier, and net interest income of $55.3 million
- Provision for credit losses of $4.8 million, versus $2.0 million a year earlier; non-performing loans rose to $39.2 million from $20.4 million
- Merger-related expenses of $3.5 million in the quarter; the company reported adjusted diluted EPS of $0.92 excluding these costs
The filing
Written by AI on Nov 9, 2026, 8:51 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on October 27, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.