Independent Bank Q2 FY26 net income rises 60.15% to $81.84 million
INDB•Independent Bank reports higher Q2 FY26 net income
- Independent Bank posted Q2 net income of $81.84 million, or $1.70 a share, up 60.15% year over year.
- Net interest margin widened to 3.85% from 3.37% a year earlier; net interest income was $210.93 million.
- Provision for credit losses fell to $6.25 million from $7.2 million a year earlier.
- Deposits rose 1.5% from Q1 to $20.39 billion; loans slipped 0.2% to $18.39 billion.
- The bank repurchased 964,141 shares in Q2 for $75 million at an average $77.79; tangible book value per share was $48.34.
