{
  "id": 14789810,
  "title": "Independent Bank stock climbs on earnings, revenue beat",
  "url": "https://urgent.news/2026/10/15/independent-bank-stock-climbs-on-earnings-revenue-beat",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-15T20:57:05.000Z",
  "source": {
    "name": "Investing.com",
    "slug": "investing-com",
    "url": "https://www.investing.com/news/earnings/independent-bank-stock-climbs-on-earnings-revenue-beat-4952678"
  },
  "original_language": "en",
  "account": "Independent Bank (NASDAQ:INDB) reported stronger-than-expected third quarter earnings, with adjusted earnings per share of $1.90 outpacing the $1.85 consensus estimate. Revenue of $345.67 million also surpassed analyst expectations of $261.27 million. The company's net income for the quarter rose to $89.7 million from $81.8 million in the previous period. Net interest income increased by $9.7 million, or 4.6%, to $220.7 million. Shares of Independent Bank climbed 3.8% in after-hours trading following the positive results. CEO Jeffrey Tengel credited the company's disciplined approach and core fundamentals for a 12% increase in diluted earnings per share compared to the prior quarter. Net interest margin expanded by 4 basis points to 3.89%. Loan balances grew by 0.9% to $18.6 billion, while deposits increased by 0.7% to $20.5 billion. Core deposits rose by 1.4%, and the company generated returns on average assets of 1.42% and average common equity of 10.13% for the quarter. Independent Bank repurchased approximately 679,000 shares for $57.4 million during the period, with around $93 million left under its $200 million stock buyback plan. Nonperforming loans increased to 0.68% of total loans, primarily due to one office real estate loan. The provision for credit losses stood at $6.5 million, up from $6.3 million in the prior quarter.",
  "summary": null,
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}