Independent Bank/MA

Q2 FY2026 EarningsQ2 FY26 results missed consensus estimates across all primary metrics: revenue was $253.3M vs. $259.0M expected, and diluted EPS came in at $1.70 vs. the $1.79 consensus. While NIM expanded to 3.85% following the Enterprise acquisition, this was offset by a 28.9% YoY surge in non-interest expenses driven by higher salary costs and core conversion investments. Asset quality showed slight deterioration as non-performing loans increased to 0.56% of total loans, primarily due to continued pressures in the commercial real estate portfolio.