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Recoveries at other companies

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Other financials

Income statement

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Revenue$253.3M+39.3%
Net income$81.8M+60.1%
EPS (diluted)$1.70+41.7%

Balance sheet

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Cash & equivalents$1.0B+11.1%
Total debt$701.5M-7.6%
Total equity$3.5B+14.2%
Total assets$25.0B+24.6%

Cash flow

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Operating cash flow$73.4M-31.2%
CapEx$6.4M+52.5%
Free cash flow$67.0M-34.7%

Valuation

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Market cap$3.97B+23.5%
Enterprise value$3.67B+19.4%
P/E14.6×-2.4×
P/S-0.6×

Profitability

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Net margin27%+0.6pp
FCF margin30.3%+0.1pp

Returns & leverage

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Return on equity8.2%+1.9pp
Debt / equity0.2×0.0×

Where this comes from

Reported directly by Independent Bank Corp in its filing.

Tagged under the XBRL concept us-gaap:FinancingReceivableAllowanceForCreditLossesRecovery.

The source filing: Independent Bank Corp’s 10-Q, filed August 6, 2026.

Filed
Aug 6, 2026, 4:15 PM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0000776901-26-000129
Line itemCommercial and IndustrialCommercial Real EstateCommercial ConstructionResidential Real EstateHome EquityOther ConsumerTotal
Allowance for credit losses
Beginning balance$49,282$82,992$14,212$29,900$13,268$906$190,560
Charge-offs(538)(146)(2)(1,179)(1,865)
Recoveries748845747954
Provision for (release of) credit losses8,062(4,055)(341)1,6432516906,250
Ending balance (1)$56,880$78,879$13,871$31,543$13,562$1,164$195,899
Three Months Ended June 30, 2025
(Dollars in thousands)

Item 1. Financial Statements (unaudited)

FAQ

What is Independent Bank Corp's recoveries?
Independent Bank Corp (INDB) reported recoveries of $954K in Q2 2026.
How has Independent Bank Corp's recoveries changed year-over-year?
Independent Bank Corp's recoveries increased by 113.4% year-over-year, from $447K to $954K.
What does recoveries mean?
Recoveries

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