INDB

Independent Bank Corp. recently reported first-quarter 2026 results, with net interest income rising to US$212.46 million and net income to US$79.92 million, while basic and diluted earnings per share from continuing operations each reached US$1.63. The bank also saw a sharp reduction in total net charge-offs to US$4.82 million and completed a US$124.15 million share repurchase program, underlining both improved credit outcomes and continued capital return to shareholders. Against this backdrop of stronger earnings and lower net charge-offs, we’ll explore how these developments may influence Independent Bank’s investment narrative. Explore 26 top quantum computing companies leading the revolution in next-gen technology and shaping the future with breakthroughs in quantum algorithms, superconducting qubits, and cutting-edge research. To own Independent Bank today, you need to be comfortable with a regional bank story built around steady net interest income, disciplined credit, and ongoing integration work from past deals. The latest quarter’s jump in net interest income and sharply lower net charge offs supports that narrative in the near term, but the largest swing factor remains how well the bank manages credit risk in its commercial real estate book; this update does not remove that underlying concern. The most relevant recent announcement here is the completion of the US$124.15 million share repurchase program, which retired 3.59% of shares. Combined with higher net interest income and lower net charge offs in Q1 2026, this highlights how Independent Bank is currently balancing capital returns with credit discipline at a time when investors are watching both earnings resilience and any sign that credit costs might re accelerate. But investors should still pay close attention to how any renewed stress in commercial real estate could... Read the full narrative on Independent Bank (it's free!) Independent Bank's narrative projects $1.3 billion revenue and $565.2 million earnings by 2029. This requires 15.3% yearly revenue growth and a $324.6 million earnings increase from $240.6 million. Uncover how Independent Bank's forecasts yield a $89.83 fair value, a 16% upside to its current price. Two Simply Wall St Community fair value estimates for Independent Bank span from US$89.83 to US$179.06, showing how far individual views can stretch beyond the current shar...

All director nominees were reelected and shareholders approved ratification of auditors and both advisory pay proposals at the virtual AGM, with 88.43% of outstanding shares represented. Independent Bank reported 2025 net income of $68.5 million ($3.27 diluted EPS), with a 1.27% ROA, 14.3% ROE, 13.38% tangible book value per share growth, and raised annual cash dividends 8.3% to $1.04 (13th consecutive year of increases). The bank announced a definitive merger agreement with HCB Financial Corp (Highpoint Community Bank), adding seven branches to its 59-location network as part of a growth plan targeting mid-single-digit loan and deposit growth and profitability goals of ≥1.2% ROA and ≥13% return on capital. Interested in Independent Bank Corporation? Here are five stocks we like better. Independent Bank (NASDAQ:IBCP) held its 2026 annual meeting of shareholders virtually, with Chairman of the Board Steve Gulis presiding and reviewing the matters submitted for shareholder approval. The meeting included votes on director elections, auditor ratification, and advisory proposals related to executive compensation, followed by an operational update from President and CEO Brad Kessel. Gulis said the company conducted the annual meeting online to provide “greater access” to shareholders, with voting available via the methods described in proxy materials and electronically during the meeting. Gavin Mohr, EVP and CFO, acted as secretary and maintained the certified shareholder list as of the record date, Feb. 20, 2026. → The Trade Desk: Down 75%, But a Reversal May Be Near Gulis reported that Independent Bank had 20,769,374 shares of common stock outstanding as of the record date and that a quorum was present through proxies representing a majority of eligible shares. Shareholders voted on four proposals described in the proxy materials: Proposal 1: Election of directors. Terance Beia, William Kessel, and Stephen Gulis, Jr. were nominated for three-year terms ending in 2029, and Michael Wooldridge was nominated for a one-year term ending in 2027. Proposal 2: Ratification of Crowe LLP as independent auditors for the year ending Dec. 31, 2026. Proposal 3: A non-binding advisory vote to approve executive compensation as described in the proxy materials. Proposal 4: A non-binding advisory vote on how often to include the executive compensation advisory vote in proxy materi...

Net income and margin improvement: Q1 net income rose to $16.9 million ($0.81 per diluted share) with a tax-equivalent net interest margin of 3.65% (up 3 bps), supported by core deposit growth of $80.4 million and loan growth of $31.8 million (3% annualized). Credit quality largely stable but one concentration noted: Non-performing loans were $27.5 million (0.64% of loans), with $20 million tied to a single commercial development exposure that management says is appropriately reserved; net charge-offs remain minimal. Positive outlook and merger plans: Management expects continued low double-digit commercial loan growth in 2026 and views the announced merger with HCB Financial as value-accretive, with cost savings phased in (50% in year one, fully in year two) and initial deal liquidity likely directed to commercial lending. Interested in Independent Bank Corporation? Here are five stocks we like better. Independent Bank (NASDAQ:IBCP) reported higher first-quarter 2026 earnings, pointing to modest net interest margin expansion, growth in core deposits and commercial loans, and what management described as continued sound credit quality. President and CEO Brad Kessel said the company posted first-quarter 2026 net income of $16.9 million, or $0.81 per diluted share, up from $15.6 million, or $0.74 per diluted share, in the prior-year period. → Credo Stock Flashes Strong Bullish Signal—Upswing Just Starting Kessel highlighted several quarter metrics, including: Net interest margin of 3.65%, up three basis points from the fourth quarter of 2025 Net interest income increase of $500,000, or 1.1%, versus the fourth quarter of 2025 Increase in tangible common equity per share of $0.33, or 5.9% annualized, from Dec. 31, 2025 Return on average assets of 1.24% and return on average equity of 13.43% Core deposit growth (total deposits less brokered time deposits) of $80.4 million, or 6.9% annualized, from year-end 2025 Loan growth of $31.8 million, or 3% annualized, from year-end 2025 Kessel also noted a tangible common equity ratio of 8.7% and said the company paid a quarterly common dividend of $0.28 per share on Feb. 13, 2026. → Allbirds Exits Shoes, Pivots to AI With NewBird Rebrand Kessel said deposits totaled $4.9 billion at March 31, 2026, an increase of $80.4 million from year-end 2025. The increase came across non-interest-bearing, savings, interest-bearing chec...

Image source: The Motley Fool. Thursday, April 23, 2026 at 11 a.m. ET President and Chief Executive Officer — William Kessel Executive Vice President, Commercial Banking — Joel Rahn Executive Vice President, Chief Financial Officer — Gavin Mohr Need a quote from a Motley Fool analyst? Email [email protected] Independent Bank Corporation reported first quarter 2026 net income of $16.9 million or $0.81 per diluted share versus net income of $15.6 million or $0.74 per diluted share in the prior year period. Highlights for our first quarter include a net interest margin of 3.65%, which is a 3 basis point increase on a linked-quarter basis; an increase in net interest income of $500,000 or 1.1% over the fourth quarter of 2025; an increase in tangible common equity per share of common stock at $0.33 or 5.9% annualized from December 31, 2025; a return on average assets and return on average equity of 1.24% and 13.43%, respectively; net growth in total deposits was brokered time deposits of $80.4 million or 6.9% annualized from December 31, 2025; net growth in loans of $31.8 million or 3% annualized from December 31, 2025; an increase in tangible common equity ratio to 8.7%; and finally, the payment of a $0.28 per share quarterly dividend on our common stock on February 13, 2026. Our first quarter results reflect the strength of our core fundamentals, including growth in net interest income, expansion in net interest margin, continued growth in both loans and core deposits. Our balance sheet growth remained disciplined with $80.4 million in core deposit growth and just under $32 million in total loan growth, including $53.8 million or 9.9% annualized in commercial loans, reflecting continued execution of our strategic plan. Credit quality remains sound, while geopolitical uncertainty has increased, we have not seen a direct impact on our customers yet, and we continue to monitor conditions closely. Profitability remains strong, again, with a return on average assets of 1.24% and return on average equity of 13.43%. We remain encouraged by our momentum and are optimistic about our opportunities and confident in the benefits of our recently announced merger with HCB Financial Corp., which will provide enhanced shareholder value. Moving to Page 5 of our presentation. Deposits totaled $4.9 billion at March 31, 2026, an increase of $80.4 million from year-end. This growth occur...

Net interest margin expanded 3 basis points linked-quarter to 3.65%, driven by a 13 basis point decrease in total cost of funds. Commercial loan growth of 9.9% annualized reflects the successful execution of a strategic plan to invest in specialized banking talent. Management attributed the 6.9% annualized growth in core deposits to a focus on operating accounts for business and municipal clients. The bank maintained a disciplined balance sheet, using runoff from lower-yielding investments and consumer loans to fund higher-yielding commercial assets. Credit quality remains sound with net charge-offs at only 2 basis points, though management is monitoring one specific commercial development exposure. Profitability metrics remained strong with a return on average assets of 1.24%, supported by stable core fundamentals despite geopolitical uncertainty. Management expects low double-digit growth in the commercial loan portfolio for 2026 based on a strong current pipeline. The net interest margin outlook remains stable even if anticipated interest rate cuts do not materialize during the year. The pending merger with HCB Financial Corp. is expected to provide excess liquidity that will be prioritized for deployment into commercial lending. Net interest income in the first quarter of 2026 increased 7.3% over 2025, falling within the company's forecasted range of 7% to 8%. Cost savings from the HCB merger are expected to be 50% phased in during the first year and fully realized by the second year. Non-recurring expenses totaled $1.9 million, including a $1.5 million litigation accrual for probable losses across outstanding matters. A $0.4 million expense was recorded for retroactive deposit account opening incentives related to prior periods. Mortgage servicing rights (MSR) valuation changes resulted in a $0.9 million gain, contrasting with a loss in the prior year period. Management identified high energy prices as a potential macro risk that could mute future loan growth if geopolitical conflicts persist. Our analysts just identified a stock with the potential to be the next Nvidia. Tell us how you invest and we'll show you why it's our #1 pick. Tap here. Management confirmed that their margin forecast holds even if the Federal Reserve does not implement the two rate cuts originally embedded in their model. The bank's interest rate risk position is closely matched...

This article first appeared on GuruFocus. Independent Bank Corp. (NASDAQ:IBCP) is set to release its Q1 2026 earnings on Apr 23, 2026. The consensus estimate for Q1 2026 revenue is $49.95 million, and the earnings are expected to come in at $0.79 per share. The full year 2026's revenue is expected to be $214.83 million and the earnings are expected to be $3.43 per share. More detailed estimate data can be found on the Forecast page. Warning! GuruFocus has detected 1 Warning Sign with IBCP. Is IBCP fairly valued? Test your thesis with our free DCF calculator. Over the past 90 days, revenue estimates for Independent Bank Corp. (NASDAQ:IBCP) have increased from $190.91 million to $214.83 million for the full year 2026, and from $201.60 million to $234.12 million for 2027. Similarly, earnings estimates have risen from $3.40 per share to $3.43 per share for 2026, and from $3.60 per share to $3.78 per share for 2027. In the previous quarter ending December 31, 2025, Independent Bank Corp.'s (NASDAQ:IBCP) actual revenue was $46.35 million, which missed analysts' revenue expectations of $46.65 million by -0.63%. Independent Bank Corp.'s (NASDAQ:IBCP) actual earnings were $0.89 per share, which beat analysts' earnings expectations of $0.84 per share by 6.46%. After releasing the results, Independent Bank Corp. (NASDAQ:IBCP) was up by 0.97% in one day. Based on the one-year price targets offered by 5 analysts, the average target price for Independent Bank Corp. (NASDAQ:IBCP) is $37.00 with a high estimate of $39.00 and a low estimate of $35.00. The average target implies an upside of 10.41% from the current price of $33.51. Based on GuruFocus estimates, the estimated GF Value for Independent Bank Corp. (NASDAQ:IBCP) in one year is $31.25, suggesting a downside of -6.74% from the current price of $33.51. Based on the consensus recommendation from 5 brokerage firms, Independent Bank Corp.'s (NASDAQ:IBCP) average brokerage recommendation is currently 3.0, indicating a "Hold" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.

GRAND RAPIDS, Mich., April 21, 2026 (GLOBE NEWSWIRE) -- Independent Bank Corporation (NASDAQ: IBCP), the holding company of Independent Bank, a Michigan-based community bank, announced that today its Board of Directors declared a quarterly cash dividend on its common stock of $0.28 per share. This dividend is payable on May 14, 2026, to shareholders of record on May 4, 2026. About Independent Bank Corporation Independent Bank Corporation (NASDAQ: IBCP) is a Michigan-based bank holding company with total assets of approximately $5.5 billion. Founded as First National Bank of Ionia in 1864, Independent Bank Corporation operates a branch network across Michigan's Lower Peninsula through one state-chartered bank subsidiary. This subsidiary (Independent Bank) provides a full range of financial services, including commercial banking, mortgage lending, investments and insurance services. Independent Bank Corporation is committed to providing exceptional personal service and value to its customers, stockholders and the communities it serves. For more information, please visit our Web site at: IndependentBank.com.

This article first appeared on GuruFocus. Net Income: $79.9 million GAAP net income for Q1 2026. Diluted EPS: $1.63 for Q1 2026. Return on Assets (ROA): 1.31% for Q1 2026. Return on Average Common Equity: 9.02% for Q1 2026. Return on Average Tangible Common Equity: 13.67% for Q1 2026. Adjusted Operating Net Income: $82.1 million, excluding M&A expenses. Adjusted Diluted EPS: $1.68, excluding M&A expenses. Net Interest Margin (NIM): Increased by 13 basis points from Q4 2025. Common Equity Tier 1 (CET1) Capital Ratio: 12.87%. Share Repurchase: $63 million spent on repurchasing 802,000 shares. Dividend Increase: 8.5% increase to $0.64 per quarter. Commercial Loan Decline: $50 million decrease from Q4 2025. CRE Concentration: 283% with targeted reduction in transactional CRE business. Deposit Cost: 1.36% for Q1 2026. Net Charge-Offs: 11 basis points for Q1 2026. Nonperforming Assets: $98.7 million or 0.52% of total loans. Provision for Loan Loss: $5.5 million for Q1 2026. Assets Under Administration (AUA): $9.2 billion, essentially flat. Wealth Management Revenue Growth: 11% annual rate. Core Expenses: $139.9 million, slightly higher due to snow removal expenses. Warning! GuruFocus has detected 7 Warning Sign with INDB. Is INDB fairly valued? Test your thesis with our free DCF calculator. Release Date: April 17, 2026 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Independent Bank Corp (NASDAQ:INDB) reported a 13 basis point improvement in net interest margin (NIM) from the previous quarter, reflecting strong pricing discipline. The company returned $94 million of capital to shareholders, including the repurchase of 802,000 shares for $63 million, and announced an 8.5% increase in its quarterly dividend. The wealth management business remained a key fee income driver, with assets under administration (AUA) stable at $9.2 billion and revenues growing at an 11% annual rate. Independent Bank Corp (NASDAQ:INDB) maintained a robust CET1 capital ratio of 12.87% while executing significant share repurchases. The company is transitioning its core operating platform to a new system, expected to enhance efficiencies and support future growth. Loan and deposit growth were somewhat muted due to macroeconomic uncertainties, including the Iran war and inflationary pressures. The commercial real estate (CRE) portfolio saw a...

ROCKLAND, Mass., April 16, 2026--(BUSINESS WIRE)--Independent Bank Corp. (Nasdaq Global Select Market: INDB), parent of Rockland Trust Company, today announced 2026 first quarter net income of $79.9 million, or $1.63 per diluted share, as compared to 2025 fourth quarter net income of $75.3 million, or $1.52 per diluted share. Excluding merger-related costs associated with the Company’s third quarter 2025 acquisition of Enterprise Bancorp, Inc. ("Enterprise") and its subsidiary, Enterprise Bank, and their related tax effects, operating net income was $82.1 million, or $1.68 per diluted share for the first quarter of 2026, compared to operating net income of $84.4 million, or $1.70 per diluted share for the fourth quarter of 2025(1). CEO STATEMENT "Our first quarter results represent another step forward in driving improved profitability while remaining disciplined in our strategies during these uncertain times," said Jeffrey Tengel, the Chief Executive Officer of Independent Bank Corp. and Rockland Trust Company. "We are prioritizing our long-term relationship banking model while prudently investing in our future and returning capital to our shareholders." FINANCIAL HIGHLIGHTS The Company generated a return on average assets and a return on average common equity of 1.31% and 9.02%, respectively, for the first quarter of 2026, as compared to 1.20% and 8.38%, respectively, for the prior quarter. On an operating basis, the Company generated a return on average assets and a return on average common equity of 1.35% and 9.27%, respectively, for the first quarter of 2026, as compared to 1.34% and 9.38%, respectively, for the prior quarter(1). The Company’s net interest margin of 3.90% increased 13 basis points compared to the prior quarter, while the adjusted margin increased 8 basis points to 3.72%(1). Deposit balances of $20.1 billion at March 31, 2026 decreased $29.3 million, or 0.1%, compared to the prior quarter. Loan balances of $18.4 billion at March 31, 2026 decreased $78.3 million, or 0.4%, compared to the prior quarter. The Company repurchased approximately 802,000 shares for $63.3 million during the first quarter of 2026. Tangible book value per share of $47.86 at March 31, 2026 grew by $0.31 from the prior quarter(1). The Company increased its quarterly dividend by 8.5% in the first quarter of 2026, from $0.59 to $0.64 per share. BALANCE SHEET Total asse...

Independent Bank (INDB) reported Q1 adjusted earnings late Thursday of $1.68 per diluted share, up f

Independent Bank Corp. (INDB) reported $252.72 million in revenue for the quarter ended March 2026, representing a year-over-year increase of 42%. EPS of $1.68 for the same period compares to $1.06 a year ago. The reported revenue represents a surprise of -0.47% over the Zacks Consensus Estimate of $253.92 million. With the consensus EPS estimate being $1.70, the EPS surprise was -0.98%. While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance. As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately. Here is how Independent Bank Corp. performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts: Efficiency Ratio: 56.6% compared to the 55% average estimate based on three analysts. Net interest margin (FTE): 3.9% versus the three-analyst average estimate of 3.8%. Average Balance - Total interest-earning assets: $22.23 billion versus the two-analyst average estimate of $22.58 billion. Total Non-Interest Income: $40.26 million versus the three-analyst average estimate of $41 million. Increase in cash surrender value of life insurance policies: $2.71 million versus the two-analyst average estimate of $2.67 million. Net Interest Income: $212.46 million versus the two-analyst average estimate of $212.47 million. Loan level derivative income: $0.91 million versus $1.12 million estimated by two analysts on average. Interchange and ATM fees: $5.02 million versus $5.22 million estimated by two analysts on average. Deposit account fees: $9.25 million compared to the $9.22 million average estimate based on two analysts. Other noninterest income: $6.59 million versus $7.36 million estimated by two analysts on average. Mortgage banking income: $1.27 million versus $1.14 million estimated by two analysts on average. Investment management and advisory: $14.17 million versus the two-analyst average estimate of $14 million. View all Key Company Metrics for Independent Bank Corp. here>>> Shares of Independent Bank Corp. have returned +7.8% over the past month v...

Regional banking company Independent Bank (NASDAQ:INDB) met Wall Street’s revenue expectations in Q1 CY2026, with sales up 41.9% year on year to $252.7 million. Its non-GAAP profit of $1.68 per share was 0.9% above analysts’ consensus estimates. Is now the time to buy Independent Bank? Find out in our full research report. Net Interest Income: $212.5 million vs analyst estimates of $210.2 million (46% year-on-year growth, 1.1% beat) Net Interest Margin: 3.9% vs analyst estimates of 3.8% (13.8 basis point beat) Revenue: $252.7 million vs analyst estimates of $251.8 million (41.9% year-on-year growth, in line) Efficiency Ratio: 56.6% vs analyst estimates of 53% (355 basis point miss) Adjusted EPS: $1.68 vs analyst estimates of $1.66 (0.9% beat) Tangible Book Value per Share: $47.86 vs analyst estimates of $48.34 (flat year on year, 1% miss) Market Capitalization: $3.86 billion Tracing its roots back to 1907 and serving as a financial cornerstone in New England for over a century, Independent Bank Corp. (NASDAQ:INDB) operates as the holding company for Rockland Trust, providing banking, investment, and financial services across Eastern Massachusetts and Rhode Island. In general, banks make money from two primary sources. The first is net interest income, which is interest earned on loans, mortgages, and investments in securities minus interest paid out on deposits. The second source is non-interest income, which can come from bank account, credit card, wealth management, investing banking, and trading fees. Luckily, Independent Bank’s revenue grew at an impressive 14.2% compounded annual growth rate over the last five years. Its growth beat the average banking company and shows its offerings resonate with customers. We at StockStory place the most emphasis on long-term growth, but within financials, a half-decade historical view may miss recent interest rate changes, market returns, and industry trends. Independent Bank’s annualized revenue growth of 14.4% over the last two years aligns with its five-year trend, suggesting its demand was predictably strong. Note: Quarters not shown were determined to be outliers, impacted by outsized investment gains/losses that are not indicative of the recurring fundamentals of the business. This quarter, Independent Bank’s year-on-year revenue growth of 41.9% was magnificent, and its $252.7 million of revenue was in line wit...