Earnings ·
Independent Bank Corporation reported second quarter 2026 net income of $18.8 million, or $0.90 per diluted share…
IBCPIndependent Bank Corp
Independent Bank Corporation reported second quarter 2026 net income of $18.8 million, or $0.90 per diluted share, increasing from $16.9 million, or $0.81 per diluted share, in the prior-year period. Net interest margin rose to 3.71% from 3.58% a year ago. The company completed its acquisition of HCB Financial Corp. on July 1, 2026. Total assets reached $5.66 billion as of June 30, 2026, with total deposits of $4.86 billion. Net loan growth was $105.8 million, representing 9.8% annualized growth. The company also noted a $1.6 million gain on equity securities from a Visa stock exchange. Independent Bank Corporation is a bank holding company providing commercial, consumer, and mortgage financial services.