earnings
confidence high
sentiment positive
materiality 0.85
Independent Bank Corp Q4 EPS $1.52 ($1.70 operating); NIM expands 15 bps
INDEPENDENT BANK CORP
2025-FY EPS reported
$4.44
- Net income $75.3M ($1.52 diluted EPS); operating net income $84.4M ($1.70 EPS) vs Q3 operating $1.55 EPS.
- Net interest margin 3.77% (+15 bps QoQ); target Q4 2026 NIM 3.85%-3.90%.
- Loan growth $51.3M (0.3%) driven by C&I; deposits down $169M due to seasonal business outflows.
- Repurchased 548k shares for $37.5M; tangible book value per share $47.55, up $1.04.
- 2026 guidance: core operating expenses $550-555M; expects two Fed rate cuts.