Independent Bank FY26 Q2 net income rises 2.4% to $81.8 million vs FY26 Q1 - INDB News | RalliesIndependent Bank FY26 Q2 net income rises 2.4% to $81.8 million vs FY26 Q1
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INDB• Second-quarter results and balance-sheet trends
- Independent Bank reported Q2 2026 net income of $81.8 million, or $1.70 a share, up 2.40% from Q1.
- Net interest income slipped 0.72% from Q1 to $210.9 million, while net interest margin narrowed 5 basis points to 3.85%.
- Noninterest income climbed 5.29% to $42.4 million; noninterest expense fell 1.85% to $140.3 million, with no merger costs incurred.
- Deposits rose 1.47% from Q1 to $20.4 billion; loans edged down 0.17% to $18.4 billion.
- The company repurchased 964,000 shares for $75 million. CEO Jeffrey Tengel cited stronger core deposits, higher C&I loans, and growing fee businesses.
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