Independent Bank Q2 FY26 net income rises 11.4% to $18.8 million
IBCP•Quarterly earnings and margin improvement
Independent Bank reported Q2 2026 net income of $18.8 million, or $0.90 per diluted share, up 11.36% from a year earlier.
Net interest margin widened to 3.71%, up 0.06 percentage point from Q1 2026; net interest income rose 2.2% to $47.9 million.
Non-interest income climbed to $15.3 million from $11.3 million a year earlier, helped by a $1.6 million gain on Visa equity exchange.
Balance sheet growth and acquisition update
Loans grew $105.8 million from March 31, while deposits excluding brokered time deposits increased $38.2 million.
CEO William B. “Brad” Kessel said the bank completed its HCB Financial acquisition on July 1; full system integration is planned for Nov. 9.
