Independent Bank Corp. Posts Record Q3 Net Income of $89.7 Million, $1.90 Per Share
ROCKLAND, Mass. — Independent Bank Corp. (Nasdaq: INDB), parent of Rockland Trust Company, reported third-quarter 2026 results on October 15 via Business Wire: record net income of $89.7 million and diluted earnings per share of $1.90, compared with net income of $81.8 million and $1.70 per share in the second quarter, and $1.55 per diluted share a year earlier. Return on assets was 1.42%, return on average common equity 10.13%, and return on tangible common equity 15.43%.
Net interest income increased $9.7 million from the prior quarter, and the net interest margin rose 4 basis points to 3.89%, while the adjusted margin was flat at 3.76%. Deposits were $20.5 billion, up $135.3 million (0.7%) sequentially, with core deposits up $232.4 million (1.4%); loans were $18.6 billion, up $158.2 million (0.9%); and wealth management assets under administration were $9.5 billion. The company repurchased about 679,000 shares for $57.4 million during the quarter.
Chief Executive Jeffrey Tengel said in the release that the record results reflected continued growth across the company's core businesses. Independent Bank Corp. is the parent of Rockland Trust Company, which provides commercial and retail banking services in Massachusetts.
Published by GSM · USA (original Chinese edition)
Photo: Rockland Trust官方标志 / Rockland Trust official logo
