other material
confidence high
sentiment positive
materiality 0.70
Independent Bank Corp. presents 2026 guidance at RBC conference; Q4 operating EPS $1.70, NIM target 3.85-3.90%
INDEPENDENT BANK CORP
- Q4 2025 operating EPS $1.70, up 9.7% QoQ; operating ROATCE 14.30%.
- 2026 guidance: NIM expansion to 3.85%-3.90% by Q4; core expenses $550-555M.
- Repurchased ~1.5M shares for $110.9M since July 2025, incl. $50M in Q1 2026 through Mar 6.
- Tangible book value per share $47.55 (+2.2% QoQ); 15 consecutive years of dividend growth.
- Asset quality stable: NPLs 0.45%, ACL 1.03%; office CRE $1.1B (11.4% of CRE).