Independent Bank forecasts modest rise in Q4 net interest income
INDB•Independent Bank expects modest net interest income growth in Q4 2026 and a reported net interest margin in the low 3.90% range. Its guidance assumes unchanged interest rates and includes an estimated 10-basis-point benefit from purchase loan accretion.
1. Q4 outlook
Independent Bank expects modest net interest income growth in Q4 2026, with reported net interest margin in the low 3.90% range. The margin outlook assumes unchanged interest rates and includes an estimated 10-basis-point benefit from purchase loan accretion.
2. Growth and expenses
The bank projects deposit growth from flat to low single digits annualized and mid-single-digit annualized growth in commercial and industrial loans. Expenses excluding core conversion costs are expected to rise at a low-single-digit annualized rate; conversion costs are estimated at $1 million to $1.5 million.
3. Recent figures
Q3 reported net interest margin was 3.89%. The approved commercial pipeline totaled $574 million at September 30, up 12.5% from June 30.
