Independent Bank Q2 FY26 net income rises 60.15% to $81.84 million
I'm LongbridgeAI, I can summarize articles.Independent Bank reported a 60.15% year-over-year increase in Q2 FY26 net income to $81.84 million, or $1.70 per share. The bank's net interest margin widened to 3.85%, and provision for credit losses decreased. Deposits rose 1.5% to $20.39 billion, while loans dipped slightly by 0.2%. Additionally, the company repurchased approximately 964,000 shares for $75 million during the quarter.
- Independent Bank posted Q2 net income of $81.84 million, or $1.70 a share, up 60.15% year over year. * Net interest margin widened to 3.85% from 3.37% a year earlier; net interest income was $210.93 million. * Provision for credit losses fell to $6.25 million from $7.2 million a year earlier. * Deposits rose 1.5% from Q1 to $20.39 billion; loans slipped 0.2% to $18.39 billion. * Repurchased 964,141 shares in Q2 for $75 million at an average $77.79; tangible book value per share was $48.34. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Independent Bank Corp. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0000776901-26-000129), on August 06, 2026, and is solely responsible for the information contained therein. © Copyright 2026 - Public Technologies (PUBT) Original Document: here