Quarterly ResultApr 16, 2026, 04:21 PM
INDB Q1 2026 Operating EPS $1.68; Dividend Up 8.5%
AI Summary
Independent Bank Corp reported Q1 2026 operating earnings per share of $1.68, demonstrating strong year-over-year growth. The company achieved an 8 basis point expansion in its adjusted net interest margin, reaching 3.72%. Shareholder returns were prioritized with an 8.5% increase in the quarterly dividend to $0.64 per share and the repurchase of approximately 802,000 shares for $63.3 million. Despite minor sequential decreases in loans and deposits, the company maintained a stable provision for loan loss and saw growth in tangible book value per share.
Key Highlights
- Operating EPS for Q1 2026 was $1.68.
- Adjusted net interest margin expanded 8 bps to 3.72%.
- Quarterly dividend increased 8.5% to $0.64 per share.
- Repurchased 802,000 shares for $63.3 million.
- Tangible book value per share grew $0.31, or 0.7%.