earnings
confidence high
sentiment neutral
materiality 0.75
INDB Q1 net income $79.9M ($1.63 EPS), NIM 3.90%, dividend up 8.5%
INDEPENDENT BANK CORP
2026-Q1 EPS reported
$1.63
- Net income $79.9M (diluted EPS $1.63); operating EPS $1.68.
- Net interest margin 3.90% (+13bps QoQ); adjusted NIM 3.72% (+8bps).
- Total loans down $78.3M (0.4%) amid flat C&I growth and CRE runoff.
- Nonperforming loans $96.6M (0.52%) vs $83.6M; criticized loans $575.5M (+$102.7M).
- Share repurchases ~802k shares for $63.3M; dividend increased 8.5% to $0.64/share.