Independent Bank Reports Record Q3 EPS of $1.90, Gives Q4 Outlook
Independent Bank Corp. reported record third-quarter 2026 operating EPS of $1.90, up 12% from the previous quarter. It reported loan growth of $158.2 million (0.9%), deposit growth of $135.3 million (0.7%), and a 3.89% net interest margin (3.76% adjusted). For Q4, it expects modest net interest income growth and a reported margin in the low 3.90% range, assuming unchanged interest rates.
Independent Bank Corp. reported record third-quarter 2026 operating earnings per share (EPS) of $1.90, representing a 12% increase from the previous quarter. During the quarter, the company saw loan growth of $158.2 million, or 0.9%, and deposit growth of $135.3 million, or 0.7%. The reported net interest margin for the third quarter was 3.89%, with an adjusted margin of 3.76%.
Looking ahead to the fourth quarter, the company provided guidance expecting modest growth in net interest income and a reported margin in the low 3.90% range, based on the assumption of unchanged interest rates.