Short answer
INDEPENDENT BANK CORP (INDB) filed its Q1 2026 10-Q quarterly report on May 6, 2026 for the quarter ended Mar 31, 2026. Quarterly revenue was $290M (up 37.0% year over year) with net income of $80M.
Q1 2026 key financials · XBRL
- Revenue
- $290M
- +37.0% YoY
- Net income
- $80M
- +79.9% YoY
- EPS (diluted)
- $1.63
- +56.7% YoY
Source: XBRL data from the INDEPENDENT BANK CORP (INDB) Q1 2026 10-Q on SEC EDGAR. USD.
INDEPENDENT BANK CORP Q1 2026 10-Q analysis
AI summary of MD&A and risk factor updates
Management Discussion & Analysis
- Net income $79.9M vs $44.4M YoY; diluted EPS $1.63 vs $1.04
- Operating net income $82.1M vs $45.3M YoY; operating EPS $1.68 vs $1.06
- Net interest margin 3.90% vs 3.42% YoY
- Loans down $78.3M; deposits down $29.3M from December 31, 2025
- Repurchased 802,000 shares for $63.3M; quarterly dividend increased 8.5% to $0.64 per share
- Non-performing loans increased to $96.6M from $83.6M; provision for credit losses $5.5M vs $4.8M prior quarter
Risk Factors
- Risk Factors section not provided; filing excerpt covers stock repurchases, exhibits, and signatures
- New $200 million buyback plan effective April 30, 2026, replacing plan with approximately $10.5 million remaining
- Repurchase plan scheduled to expire April 29, 2027 and subject to market conditions, capital position, retained earnings, and legal requirements
- Shares repurchased during quarter: 829,252 at average $78.93
- No director or executive officer adopted or terminated Rule 10b5-1 arrangements during quarter
Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K
Other INDEPENDENT BANK CORP quarterly reports
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