other material
confidence high
sentiment neutral
materiality 0.60
INDB Q1 operating EPS $1.68; guides Q4 NIM 3.90%-3.95%, dividend up 8.5%
INDEPENDENT BANK CORP
- Q1 operating EPS $1.68; operating ROATCE 14.05%.
- Q4 2026 NIM target 3.90%-3.95% (incl. ~10bps purchase accretion); core expenses $550-555M.
- Quarterly dividend raised 8.5% to $0.64; $63.3M in share buybacks during Q1.
- Nonperforming loans rose to $96.6M (0.52% of loans); criticized & classified loans at $575.5M (4.04%).
- Enterprise acquisition integration on track; core system upgrade planned for Oct 2026.