Filing Flows › Independent Bank (INDB) › Q3 2026 › vs Q3 2025
Independent Bank (INDB) Q3 2026 vs Q3 2025 (year over year)
Independent Bank's revenue rose $18.2M (+7%) from $244M in Q3 2025 to $262M in Q3 2026. The biggest changes: Net interest income +$17.3M (+9%); Noninterest income +$889K (+2%). Operating margin 44.7% against 18.2% (+26.5 pts).
Independent Bank, Q3 2026: revenue $262M (+8% year over year), operating margin 44.7%, net earnings $89.7M, operating cash flow $106M. The chart draws each line against Q3 2025, the increases inside each band.
Margins
| Q3 2026 | Q3 2025 | Change | |
|---|---|---|---|
| Operating margin | 44.7% | 18.2% | +26.5 pts |
| Net margin | 34.3% | 14.1% | +20.2 pts |
| Free cash flow margin | 38.0% | 20.4% | +17.6 pts |
Every line
| Line | Q3 2026 | Q3 2025 | Change | % |
|---|---|---|---|---|
| Net interest income | $221M | $203M | $17.3M | +9% |
| Noninterest income | $41.3M | $40.4M | $889K | +2% |
| Revenue | $262M | $244M | $18.2M | +7% |
| Operating profit | $117M | $44.4M | $72.6M | +164% |
| Costs & expenses | $145M | $199M | −$54.4M | -27% |
| Pre-tax earnings | $117M | $44.4M | $72.6M | +164% |
| Credit loss provision | $6.5M | $38.5M | −$32.0M | -83% |
| Noninterest expense | $138M | $161M | −$22.4M | -14% |
| Net earnings | $89.7M | $34.3M | $55.5M | +162% |
| Income tax | $27.3M | $10.1M | $17.2M | +169% |
| Depreciation & amortization | $8.0M | $12.8M | −$4.8M | -38% |
| Share-based compensation | $2.5M | $2.2M | $258K | +11% |
| Working capital & other | $6.1M | $2.9M | $3.3M | +115% |
| Operating cash flow | $106M | $52.2M | $54.2M | +104% |
| Free cash flow (OCF − capex) | $99.6M | $49.7M | $49.9M | +100% |
| Capital expenditures | $6.8M | $2.5M | $4.3M | +173% |
Questions
How much did Independent Bank's revenue grow year over year in Q3 2026?
Independent Bank's revenue rose $18.2M (+7%) from $244M in Q3 2025 to $262M in Q3 2026.
What drove Independent Bank's revenue change in Q3 2026?
Net interest income +$17.3M (+9%); Noninterest income +$889K (+2%).