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Independent Bank (INDB)
NASDAQ:INDB
Earnings Data
Report Date
Apr 16, 2026After Close (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
1.68Last Year’s EPS
1.06Same Quarter Last Year
Based on 3 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call presented a generally positive operational and financial picture: core earnings improved, net interest margin expanded, loans (especially commercial) grew strongly, capital metrics strengthened, and the bank returned capital via dividends and buybacks. Offsetting these positives were a sizable decline in noninterest income (largely due to the one-time sale of mortgage servicing rights), a modest rise in net charge-offs and nonperforming loans (including one concentrated commercial development exposure), and guidance for more moderate loan growth and higher noninterest expense in 2026. On balance, the highlights (margin/loan growth/capital/returns) outweigh the lowlights tied primarily to the MSR sale and some credit expense pickup, resulting in a constructive outlook for 2026 with manageable risks.Company Guidance
Profitability and EPS Growth
Fourth quarter 2025 net income of $18.6M ($0.89 diluted EPS) vs $18.5M ($0.87) prior year; full year 2025 net income of $68.5M ($3.27 diluted EPS) vs $66.8M ($3.06) in 2024, reflecting year-over-year improvement in earnings and EPS.
Net Interest Income and Margin Expansion
Tax-equivalent net interest margin of 3.62% in 4Q25 (3.45% in 4Q24) and up 8 basis points versus linked quarter; net interest income increased year-over-year (management cited increases of $1.0M and $3.5M in different remarks) with guidance for NII growth of 7-8% in 2026 and expected full-year NIM expansion of ~18-23 basis points.
Strong Loan Growth
Total loans grew $78.0M in 4Q25 (7.4% annualized from 9/30/25) and increased $237.0M (5.9%) for the year; commercial loans led at $276.0M growth (14.2% year-over-year) with commercial quarterly production of $88.0M (16% annualized).
Deposit Growth and Improved Funding Costs
Deposits totaled $4.80B at 12/31/25, up $107.6M year-over-year; business deposits +$20.4M linked quarter, retail deposits +$64.1M linked quarter. Total cost of funds decreased 15 basis points to 1.67% in the quarter.
Capital Position and Shareholder Returns
Tangible common equity ratio increased to 8.65% (back into the 8.5%-9.5% target range); repurchased 407,113 shares for $12.4M in 2025; board authorized potential buybacks of ~5% in 2026; paid a $0.26/share dividend in November 2025 and maintained a 32% payout ratio for the year.
Tangible Book Value and Returns
Tangible book value up 13.3% year-over-year; quarterly ROAA and ROAE of 1.35% and 14.75% respectively, indicating strong return metrics.
Credit Metrics Largely Stable
Credit quality described as strong overall with watch credits and non-performing assets below historic averages; net charge-offs for the year were $1.6M (4 basis points of average loans), with management appropriately reserving for known exposures and guiding provision expense of ~20-25 basis points for 2026.
Disciplined Balance Sheet Management and Liquidity
Management expects roughly $120M of securities runoff in 2026 to fund loan growth, continues to target securities as ~12-15% of assets, and highlighted improved deposit mix and reduction in wholesale funding driving NIM benefits.
INDB Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
INDB Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Jan 23, 2026 | $78.32 | $78.65 | +0.42% |
Oct 16, 2025 | $63.89 | $65.71 | +2.85% |
Jul 17, 2025 | $64.64 | $68.36 | +5.75% |
Apr 17, 2025 | $54.43 | $53.24 | -2.19% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Independent Bank (INDB) report earnings?
Independent Bank (INDB) is schdueled to report earning on Apr 16, 2026, After Close (Confirmed).
What is Independent Bank (INDB) earnings time?
Independent Bank (INDB) earnings time is at Apr 16, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is INDB EPS forecast?
INDB EPS forecast for the fiscal quarter 2026 (Q1) is 1.68.