Independent Bank Reports Q2 Earnings with Strong Deposit Growth and Share Repurchases
Independent Bank reported second-quarter net income of $81.8 million or $1.70 per share, driven by deposit growth, C&I loan expansion, margin improvement, and stock repurchases. Commercial real estate loans declined due to elevated payoffs but a larger commercial pipeline is expected to support future growth.
Tickers: $INDB
Topics: banking capital_returns deposits lending profitability