Independent Bank Q3 2026 Net Income More Than Doubles Year Over Year to $89.75 Million

Bitget2026/10/15 20:12

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Independent Bank's third-quarter 2026 net income more than doubled year over year to $89.75 million, rising 10% from the prior quarter.
Net interest income climbed 9% year over year to $220.66 million, while noninterest expenses fell 14% to $138.42 million.
Nonperforming loans rose to $125.7 million from the prior quarter, primarily driven by one office real estate loan.
Share repurchases totaled $57.4 million during the quarter, leaving approximately $93 million under the existing authorization.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Independent Bank Corp. published the original content used to generate this news brief via Business Wire (Ref. ID: 20261014247987) on October 15, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Independent Bank Q3 2026 Net Income More Than Doubles Year Over Year to $89.75 Million

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