Independent Bank reports Q2 2026 EPS of $1.70, updates loan growth guidance

Filed July 27, 2026 · Period ending July 27, 2026 · ~1 min read

Key Changes

• high

  Q2 2026 operating EPS of $1.70 with net interest margin expanding 4 basis points to 3.76%. Deposits grew $294.6 million (1.5%) while loans declined $31.2 million (0.2%). Repurchased 964,000 shares for $75 million.

  Exhibit 99.1 view on EDGAR →
• high

  Updated 2026 loan growth guidance: mid-single digit growth in commercial and industrial, flat to low-single digit decline in commercial real estate and construction, low-single digit growth in consumer. Core operating expenses guided to $553-$557 million plus $5-$6 million in one-time system upgrade costs.

  Exhibit 99.1 view on EDGAR →
• medium

  Nonperforming loans increased to $103.6 million (0.56% of total loans). Commercial criticized and classified loans totaled $545.6 million (3.86% of total commercial loans).

  Exhibit 99.1 view on EDGAR →