Independent Bank Corp. Q3 net income rises to $89.7 million, or $1.90 per diluted share
Independent Bank Corp. reported third quarter 2026 net income of $89.7 million, or $1.90 per diluted share, up from $81.8 million, or $1.70 per share, in the second quarter. Higher net interest income drove the gain, while nonperforming loans rose to $125.7 million, mainly due to one office real estate loan.
Key points
- Net income of $89.7 million versus $81.8 million in Q2 2026; diluted EPS of $1.90 versus $1.70
- Net interest income rose $9.7 million to $220.7 million; net interest margin was 3.89%, up 4 basis points
- Nonperforming loans increased to $125.7 million from $103.6 million, driven primarily by one office real estate loan
- Repurchased about 679,000 shares for $57.4 million; about $93 million remains under the $200 million buyback plan
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 1:01 AM ET, from the text of the filing and its press-release exhibits 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 15, 2026.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.