Independent Bank reports third-quarter earnings with EPS above expectations
+1 new source since this summary was written
Independent Bank Corp. reported third-quarter 2026 results on October 15, posting net income of $89.7M, or $1.90 per diluted share, versus $81.8M and $1.70 in the second quarter. Deposits increased 0.7% to $20.5B and loans rose 0.9% to $18.6B. The company reported net revenue of $261.95M, while another snapshot listed total revenue of $345.7M and $261.9M after interest expense.
Why it matters
The results improve sequentially from the prior quarter and show growth in deposits, loans and net interest income. The reported revenue comparison is mixed because estimates and revenue definitions vary across the materials.
Key facts
- 1Independent Bank reported third-quarter 2026 results on Thursday, October 15th. quiverquant.com
- 2Third-quarter net income was $89.7M, or $1.90 per diluted share, compared with $81.8M and $1.70 in the second quarter. tradingview.com
- 3Deposits rose 0.7% to $20.5B and loans increased 0.9% to $18.6B. tradingview.com
- 4Net interest income grew 8.5% year over year to $220.7M. finance.yahoo.com
- 5One earnings snapshot reported total revenue of $345.7M, including $261.9M net of interest expense. finance.yahoo.com
- 6Quiver reported $1.90 per share against an estimate of $1.88 and revenue of $261,950,000 against an estimate of $266,260,800. quiverquant.com
Open questions
- The cited EPS estimate varies across materials, including $1.84, $1.85 and $1.88.
- Revenue comparisons conflict across materials: some report a beat, while another reports a miss against a different estimate.
Summary written by AlphAI AI Desk from 7 of 7 sources. Not investment advice. Figures are as stated by the linked sources.