Independent Bank Corp. (INDB)
NASDAQ:INDB
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Earnings Data
Report Date
Jul 16, 2026After Close (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
1.78Last Year’s EPS
1.25Same Quarter Last Year
Moderate Buy
Based on 5 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Neutral
The call presented a mix of encouraging execution and emerging headwinds. Key positives include improved net interest margin (+13 bps reported, +8 bps adjusted), solid quarterly profitability (GAAP net income $79.9M; adjusted $82.1M), disciplined capital returns ($94M returned, CET1 12.87%) and resilient wealth and C&I relationship momentum (AUA $9.2B; C&I ex-floor-plan +7% annualized). Offsetting these strengths are muted loan growth, elevated CRE concentration (≈283%) and office-specific asset quality pressures (NPAs $98.7M, 0.52%), along with seasonal and competitive deposit pressures and some one-time expense items. Management reaffirmed 2026 profitability targets and updated NIM guidance while taking prudent steps on capital and portfolio rebalancing. Overall the tone was constructive but cautious given identifiable CRE and market uncertainties.Company Guidance
Strong Quarterly Profitability
GAAP net income of $79.9M and diluted EPS of $1.63. Adjusted operating net income (ex $3M M&A expenses) was $82.1M, or $1.68 diluted EPS. Key returns: 1.31% ROA (1.35% adjusted), 9.02% return on average common equity (9.27% adjusted), and 13.67% return on average tangible common equity (14.05% adjusted).
Net Interest Margin Expansion
Reported NIM improved 13 basis points from Q4; adjusted NIM (ex loan accretion) rose 8 basis points. Reported NIM for the quarter was 3.9%; guidance raised for 2026 Q4 reported NIM to 3.90%–3.95% (assumes 10 bps accretion).
Capital Return and Capital Strength
Returned $94M of capital to shareholders in Q1, including repurchase of 802,000 shares for $63.3M and an 8.5% increase in the quarterly dividend to $0.64. Tangible book value rose to $47.86 while maintaining robust CET1 capital ratio of 12.87%.
Deposit Franchise and Funding Efficiency
Period-end deposits essentially flat; average deposits down 1.5% QoQ (seasonal). Transactional DDAs represent 28% of deposits and the cost of total deposits declined 10 basis points to 1.36% in Q1, underscoring a low-cost deposit franchise.
Commercial Relationship Growth and Pipeline Expansion
Excluding the $39M planned wind-down of the dealer floor plan portfolio, C&I loans rose a healthy 7% on an annualized basis. Approved commercial loan pipeline increased to $313M from $278M at year-end.
Wealth Management Resilience
Assets under administration (AUA) essentially flat at $9.2B despite volatile markets; wealth revenues grew at an 11% annual rate driven by higher asset-based fees and insurance commissions.
Expense Management Progress
Excluding M&A charges, expenses were down 1.5% from Q4 as Enterprise transaction cost savings were realized. Management emphasized scale from prior investments in people and technology to support growth without large expense increases.
Strategic Initiatives: Core Conversion and AI Governance
Core system conversion (Horizon to IBS within FIS) scheduled for October to drive capabilities and efficiencies. Established an Office of Digital Innovation and AI governance framework to pursue modest, high-payback AI use cases while managing risk.
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 |
|---|---|---|---|
Apr 16, 2026 | $78.41 | $77.95 | -0.59% |
Jan 23, 2026 | $77.64 | $77.97 | +0.42% |
Oct 16, 2025 | $63.33 | $65.14 | +2.86% |
Jul 17, 2025 | $64.08 | $67.77 | +5.77% |
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 Corp. (INDB) report earnings?
Independent Bank Corp. (INDB) is schdueled to report earning on Jul 16, 2026, After Close (Confirmed).
What is Independent Bank Corp. (INDB) earnings time?
Independent Bank Corp. (INDB) earnings time is at Jul 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 (Q2) is 1.78.