filecrux
Oct 15, 8:49 PM
$INDB (Independent Bank Corp, parent of Massachusetts lender Rockland Trust): nonperforming loans rose to
$125.7M at Sept 30 from
$103.6M at June 30, mainly on one office real estate loan, and delinquencies hit 0.73% of loans vs 0.43%. NPLs are 0.68% of
$18.6B loans at a
$25.0B-asset bank valued near
$3.66B at
$77.24 (16:00 ET, Oct 15, 2026). Offsets: Q3 EPS a record
$1.90 vs
$1.70 in Q2, net charge-offs just
$1.2M, reserves 160% of NPLs. Q4 guide, flat rates: stable credit, NIM low 3.90%s incl ~10bp accretion; Q3 adj NIM 3.76%, flat vs Q2; call Oct 16.
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