Independent Bank Q2 FY26 net income rises 11.4% to $18.8 million

Reuters2026/07/23 09:00

By:Reuters

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Independent Bank reported Q2 2026 net income of USD 18.8 million, or USD 0.90 per diluted share, up 11.36% from a year earlier.
Net interest margin widened to 3.71%, up 0.06 percentage point from Q1 2026; net interest income rose 2.2% to USD 47.9 million.
Non-interest income climbed to USD 15.3 million from USD 11.3 million a year earlier, helped by USD 1.6 million gain on Visa equity exchange.
Loans grew USD 105.8 million from March 31, while deposits excluding brokered time deposits increased USD 38.2 million.
CEO William B. “Brad” Kessel said the bank completed its HCB Financial acquisition on July 1; full system integration is planned for Nov. 9.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Independent Bank Corporation published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202607230500PRIMZONEFULLFEED9766755) on July 23, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Independent Bank Q2 FY26 net income rises 11.4% to $18.8 million

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