Independent Bank reports Q2 2026 EPS of $1.70, repurchases $75M in shares

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

Key Changes

• high

  Q2 2026 net income of $81.8M ($1.70/share) increased 2.4% from Q1, with ROAA of 1.34% and ROACE of 9.24%. No merger-related costs incurred versus $3.0M in Q1.

  Exhibit 99.1 view on EDGAR →
• high

  Repurchased ~964K shares for $75M at average price of $77.79 under $200M buyback plan adopted April 30, 2026; $151M authorization remains.

  Exhibit 99.1 view on EDGAR →
• medium

  Deposits grew $294.6M (1.5%) to $20.4B driven by municipal and business accounts; loans declined $31.2M (0.2%) to $18.4B as CRE payoffs offset C&I growth of $79.4M.

  Exhibit 99.1 view on EDGAR →