Independent Bank Corp. Q2 net income rises to $81.8 million, or $1.70 per diluted share
Independent Bank Corp. reported second quarter 2026 net income of $81.8 million, or $1.70 per diluted share, up from $79.9 million, or $1.63 per diluted share, in the first quarter. The company repurchased about 964,000 shares for $75.0 million during the quarter, but its net interest margin fell 5 basis points to 3.85%, and total loans declined slightly. Shareholders benefit from higher quarterly earnings and continued share buybacks, while margin pressure and a $2.1 million core conversion cost are less favorable.
Key points
- Net income of $81.8 million, or $1.70 per diluted share, compared with $79.9 million, or $1.63 per diluted share, in the first quarter of 2026
- Net interest margin of 3.85%, down 5 basis points from the prior quarter; net interest income of $210.9 million, down 0.7%
- Repurchased about 964,000 shares for $75.0 million; about $151 million remains under the $200 million buyback plan adopted April 30, 2026
- Total loans of $18.4 billion, down $31.2 million, or 0.2%; total deposits up $294.6 million, or 1.5%, to $20.4 billion
The filing
Written by AI on Nov 8, 2026, 1:01 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 July 16, 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.