Independent Bank Corp. Reports Third Quarter Net Income of $89.7 Million
Business Wire•15/10/2026•16:10 ET
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Key Highlights
- ➤Net income $89.7 million, or $1.90 per diluted share, in Q3 2026
- ➤Diluted EPS increased 12% versus the prior quarter
- ➤Net interest income rose $9.7 million, or 4.6%, to $220.7 million
- ➤Loan balances increased 0.9% to $18.6 billion at September 30
- ➤Nonperforming loans increased to $125.7 million, or 0.68% of total loans
Expert Statements
Jeffrey Tengel, Chief Executive Officer of Independent Bank Corp. and Rockland Trust Company
“In an operating environment with many moving pieces, our disciplined approach and core fundamentals drove a 12% increase in our diluted earnings per share versus the prior quarter results.”
Jeffrey Tengel, Chief Executive Officer of Independent Bank Corp. and Rockland Trust Company
“I want to thank my colleagues for their steadfast commitment to servicing our customers day in and day out.”
Jeffrey Tengel, Chief Executive Officer of Independent Bank Corp. and Rockland Trust Company
“Our focus on strong community banking drove a 1.42% return on average assets and a 15.43% return on average tangible common equity, as loan and average deposit growth improved, we maintained our net interest margin while growing overall net interest income, credit quality remained stable, expenses were well managed, and we prudently returned excess capital to shareholders.”
Independent Bank Corp. Reports Third Quarter Net Income of $89.7 Million
Independent Bank Corp. (Nasdaq Global Select Market: INDB), parent of Rockland Trust Company, today announced 2026 third quarter net income of $89.7 million, or $1.90 per diluted share, as compared to 2026 second quarter net income of $81.8 million, or $1.70 per diluted share.
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