Earnings ·
Independent Bank Corp. reported second quarter 2026 net income of $81.8 million, or $1.70 per diluted share, compared…
INDBIndependent Bank Corp
Independent Bank Corp. reported second quarter 2026 net income of $81.8 million, or $1.70 per diluted share, compared to $79.9 million, or $1.63 per diluted share, in the first quarter. The company repurchased approximately 964,000 shares for $75.0 million during the quarter. Total assets were $25.0 billion, with deposits increasing 1.5% to $20.4 billion and loans decreasing 0.2% to $18.4 billion. Net interest margin was 3.85%, a 5 basis point decrease from the prior quarter. The company's tangible book value per share grew by $0.48 to $48.34. The company operates as a financial holding company for Rockland Trust Company, providing commercial banking, retail banking, and investment management services.