Independent Bank reports $89.7 million in net income for Q3 2026
INDB Independent Bank Corp
$79.88 +3.63%
View chart & analysis → - 1Independent Bank recorded net income of $89.7 million and diluted earnings per share of $1.90 for the third quarter of 2026.
- 2Over $500 million in low-yield securities maturing within the next 4 to 5 quarters will be repriced at rates near 6%.
- 3Independent Bank plans to return 100% of its earnings to shareholders through dividends and share buybacks.
So what's the key point?
Independent Bank earned $89.7 million in the third quarter of 2026. The bank plans to replace low-yield assets with higher-rate ones and return all its earnings to shareholders.
Source The Motley Fool +1 · View original ↗
Today's 5 AI picks, all freeNothing hidden: past picks and how they did against the S&P 500.