Independent Bank reports Q1 2026 EPS of $1.68, raises dividend 8.5%, repurchases $63M in shares

Filed June 16, 2026 · Period ending June 16, 2026 · ~1 min read

Key Changes

• high

  Q1 2026 operating EPS of $1.68 with net interest margin expanding 8 bps to 3.72% (adjusted) and 13 bps to 3.90% (reported); loans down 0.4% and deposits down 0.1% on seasonal business balance fluctuations

  Exhibit 99.1 view on EDGAR →
• high

  Repurchased 802,000 shares for $63.3M and raised quarterly dividend 8.5% to $0.64 per share (15th consecutive year of increases); tangible book value per share grew $0.31 or 0.7%

  Exhibit 99.1 view on EDGAR →
• high

  2026 guidance targets mid-single digit C&I loan growth, Q4 net interest margin of 3.90%-3.95%, and core operating expenses of $550-$555M plus $4-$5M in one-time system upgrade costs

  Exhibit 99.1 view on EDGAR →