Independent Bank Posts Q1 Net Income $16.9M, $0.81 EPS Beat
Independent Bank Corp. reported first-quarter net income of $16.9 million and earnings of $0.81 per share, up from $0.74 a year earlier. Total revenues were $78.2 million with net interest revenue of $58.9 million, both exceeding analyst forecasts.
1. Q1 Net Income And EPS
Independent Bank Corp. posted net income of $16.9 million in Q1 2026, reflecting earnings per share of $0.81 compared to $0.74 in the first quarter of 2025.
2. Revenue And Net Interest Income
Total revenue for the quarter reached $78.2 million, while revenue net of interest expense was $58.9 million, both figures surpassing analyst projections for the period.
3. Comparison To Analyst Estimates
The $0.81 EPS outperformed the consensus estimate of $0.79, and revenue net of interest expense also beat forecasts, underscoring the bank’s effective margin management in the quarter.