other material
confidence high
sentiment positive
materiality 0.65
Independent Bank Corp. Q2 2026 operating EPS $1.70; updates 2026 guidance
INDEPENDENT BANK CORP
- Q2 2026 operating EPS $1.70, net income $81.8M; operating ROATCE 14.05%.
- Adjusted NIM expanded 4 bps to 3.76%; Q4 NIM target 3.90-3.95% (incl. 0.10% purchase accretion).
- Loans down 0.2% QoQ; C&I grew 1.7%, CRE declined 2.9%; commercial pipeline $510M (+62.9%).
- Deposits up 1.5% to $20.4B; cost of deposits 1.52%; share repurchases $75M in Q2.
- 2026 guidance: core operating expenses $553-557M; one-time system upgrade costs $5-6M.