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Analysts on Wall Street project that Independent Bank Corp. (INDB - Free Report) will announce quarterly earnings of $1.70 per share in its forthcoming report, representing an increase of 60.4% year over year. Revenues are projected to reach $253.92 million, increasing 42.6% from the same quarter last year.

The current level reflects a downward revision of 0.4% in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised their initial projections over this period.

Ahead of a company's earnings disclosure, it is crucial to give due consideration to changes in earnings estimates. These revisions serve as a noteworthy factor in predicting potential investor reactions to the stock. Numerous empirical studies consistently demonstrate a strong relationship between trends in earnings estimate revision and the short-term price performance of a stock.

While investors usually depend on consensus earnings and revenue estimates to assess the business performance for the quarter, delving into analysts' forecasts for certain key metrics often provides a more comprehensive understanding.

With that in mind, let's delve into the average projections of some Independent Bank Corp. metrics that are commonly tracked and projected by analysts on Wall Street.

The collective assessment of analysts points to an estimated 'Efficiency Ratio' of 55.0%. The estimate is in contrast to the year-ago figure of 59.5%.

Analysts forecast 'Net interest margin (FTE)' to reach 3.8%. Compared to the present estimate, the company reported 3.4% in the same quarter last year.

The combined assessment of analysts suggests that 'Average Balance - Total interest-earning assets' will likely reach $22.58 billion. The estimate compares to the year-ago value of $17.38 billion.

The average prediction of analysts places 'Total Non-Interest Income' at $41.00 million. The estimate is in contrast to the year-ago figure of $32.54 million.

According to the collective judgment of analysts, 'Net Interest Income' should come in at $212.47 million. The estimate is in contrast to the year-ago figure of $145.51 million.

Based on the collective assessment of analysts, 'Interchange and ATM fees' should arrive at $5.22 million. The estimate is in contrast to the year-ago figure of $4.62 million.

Analysts predict that the 'Deposit account fees' will reach $9.22 million. Compared to the current estimate, the company reported $7.05 million in the same quarter of the previous year.

Analysts' assessment points toward 'Other noninterest income' reaching $7.36 million. The estimate compares to the year-ago value of $5.80 million.

The consensus estimate for 'Investment management and advisory' stands at $14.00 million. Compared to the current estimate, the company reported $11.22 million in the same quarter of the previous year.

View all Key Company Metrics for Independent Bank Corp. here>>>

Shares of Independent Bank Corp. have experienced a change of +6.5% in the past month compared to the +0.6% move of the Zacks S&P 500 composite. With a Zacks Rank #3 (Hold), INDB is expected to mirror the overall market performance in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .

ROCKLAND, Mass.--(BUSINESS WIRE)--Independent Bank Corp. (Nasdaq Global Select Market: INDB), parent of Rockland Trust Company, today announced 2026 first quarter net income of $79.9 million, or $1.63 per diluted share, as compared to 2025 fourth quarter net income of $75.3 million, or $1.52 per diluted share. Excluding merger-related costs associated with the Company’s third quarter 2025 acquisition of Enterprise Bancorp, Inc. (“Enterprise”) and its subsidiary, Enterprise Bank, and their related tax effects, operating net income was $82.1 million, or $1.68 per diluted share for the first quarter of 2026, compared to operating net income of $84.4 million, or $1.70 per diluted share for the fourth quarter of 2025(1).

CEO STATEMENT

“Our first quarter results represent another step forward in driving improved profitability while remaining disciplined in our strategies during these uncertain times,” said Jeffrey Tengel, the Chief Executive Officer of Independent Bank Corp. and Rockland Trust Company. “We are prioritizing our long-term relationship banking model while prudently investing in our future and returning capital to our shareholders.”

FINANCIAL HIGHLIGHTS

The Company generated a return on average assets and a return on average common equity of 1.31% and 9.02%, respectively, for the first quarter of 2026, as compared to 1.20% and 8.38%, respectively, for the prior quarter. On an operating basis, the Company generated a return on average assets and a return on average common equity of 1.35% and 9.27%, respectively, for the first quarter of 2026, as compared to 1.34% and 9.38%, respectively, for the prior quarter(1). The Company’s net interest margin of 3.90% increased 13 basis points compared to the prior quarter, while the adjusted margin increased 8 basis points to 3.72%(1). Deposit balances of $20.1 billion at March 31, 2026 decreased $29.3 million, or 0.1%, compared to the prior quarter. Loan balances of $18.4 billion at March 31, 2026 decreased $78.3 million, or 0.4%, compared to the prior quarter. The Company repurchased approximately 802,000 shares for $63.3 million during the first quarter of 2026. Tangible book value per share of $47.86 at March 31, 2026 grew by $0.31 from the prior quarter(1). The Company increased its quarterly dividend by 8.5% in the first quarter of 2026, from $0.59 to $0.64 per share. BALANCE SHEET

Total assets of $24.8 billion at March 31, 2026 decreased $129.3 million, or 0.5%, compared to the prior quarter, driven primarily by decreased loan and cash balances.

Total loans of $18.4 billion at March 31, 2026 decreased $78.3 million, or 0.4%, compared to the prior quarter:

The commercial and industrial portfolio grew $39.7 million, or 0.9% (3.5% annualized), despite runoff of $38.7 million attributable to the Company’s strategic exit from the dealer finance business. Commercial real estate and construction decreased $89.6 million, or 0.9%, due to elevated payoffs and amortization of balances, including a reduction of $55.9 million in the Company’s office portfolio. The total consumer portfolio decreased $28.3 million, or 0.7%, primarily attributable to a decline in the residential real estate portfolio of $31.3 million, or 1.1%, reflecting lower seasonal volume compared to the prior quarter. This decrease was partially offset by a modest increase in the home equity portfolio of $10.1 million, or 0.8% (3.2% annualized). Total deposits decreased by $29.3 million, or 0.1%, to $20.1 billion at March 31, 2026, as compared to the prior quarter:

Average deposits decreased $309.9 million, or 1.5%, compared to the prior quarter, driven primarily by seasonality in business operating balances. Overall core deposits comprised 83.8% of total deposits at March 31, 2026, as compared to 83.7% at December 31, 2025. Total noninterest bearing demand deposits were 28.0% and 27.8% of total deposits at March 31, 2026 and December 31, 2025, respectively. The total cost of deposits for the first quarter of 1.36% reflected a decrease of 10 basis points compared to the prior quarter. Total period end borrowings decreased by $49.6 million, or 6.0%, during the first quarter of 2026, reflecting approximately $100 million in net paydowns on Federal Home Loan Bank borrowings, partially offset by $50 million advanced on a working capital line of credit.

The Company’s total securities portfolio of $3.4 billion increased by $62.4 million, or 1.9% (7.6% annualized), from the prior quarter:

New purchases of $168.4 million in the available for sale portfolio were partially offset by maturities, calls, and paydowns in the combined available for sale and held to maturity portfolios during the quarter. Total securities represented 13.6% and 13.3% of total assets at March 31, 2026 and December 31, 2025, respectively. Stockholders’ equity at March 31, 2026 decreased $23.7 million, or 0.7%, compared to December 31, 2025, as strong earnings were offset by the impact of share repurchases, dividends, and unrealized losses on available for sale securities recognized in other comprehensive income during the quarter:

During the first quarter of 2026, the Company executed on its previously announced $150 million stock repurchase plan, buying back approximately 802,000 shares of common stock for $63.3 million at an average price per share of $78.85. The Company’s ratio of common equity to assets of 14.29% at March 31, 2026 represented a decrease of 2 basis points from December 31, 2025. The Company’s ratio of tangible common equity to tangible assets of 9.86% at March 31, 2026 represented a decrease of 2 basis points from the prior quarter and a decrease of 92 basis points from the year ago period(1). The Company’s book value per share increased by $0.51, or 0.7%, to $72.92 at March 31, 2026 as compared to the prior quarter. The Company’s tangible book value per share at March 31, 2026 grew by $0.31, or 0.7%, from the prior quarter to $47.86, and grew by 0.1% from the year ago period(1). NET INTEREST INCOME

Net interest income of $212.5 million for the first quarter of 2026 was flat compared to the prior quarter:

The net interest margin of 3.90% increased 13 basis points when compared to the prior quarter, benefitting from fixed rate asset repricing, lower deposit costs, and 17 basis points of purchase accounting accretion in the first quarter of 2026 as compared to 11 basis points in the prior quarter. Excluding purchase accounting accretion and other non-core items, the adjusted margin of 3.72%(1) increased 8 basis points. Total loan yields increased 3 basis points to 5.77% from 5.74%, driven primarily by fixed rate loan repricing and purchase accounting accretion, partially offset by the full quarter impact of Federal Reserve rate cuts made during the fourth quarter of 2025. Similarly, securities yields increased 12 basis points to 3.08% for the current quarter as compared to the prior quarter. The Company’s overall cost of funding decreased 8 basis points to 1.52% for the first quarter of 2026 as compared to 1.60% for the prior quarter, driven by a 10 basis point reduction in total cost of deposits. NONINTEREST INCOME

Noninterest income of $40.3 million for the first quarter of 2026 represented a decrease of $1.2 million, or 2.9%, as compared to the prior quarter. Significant changes in noninterest income for the first quarter of 2026 compared to the prior quarter included the following:

Interchange and ATM fees decreased by $363,000, or 6.7%, driven by seasonally lower transaction volumes. Overall investment and advisory income increased $372,000, or 2.7%, driven primarily by higher asset based fee revenue and insurance commissions compared to the prior quarter. Total assets under administration remained consistent at $9.2 billion as of March 31, 2026. Loan level derivative income decreased by $322,000, or 26.1%, reflecting volatility in customer demand. Other noninterest income decreased by $1.1 million, or 13.8%, driven primarily by a decrease in investment income on equity securities. NONINTEREST EXPENSE

Noninterest expense of $142.9 million for the first quarter of 2026 represented a decrease of $11.5 million, or 7.4%, as compared to the prior quarter. Significant changes in noninterest expense for the first quarter of 2026 compared to the prior quarter included the following:

The Company incurred merger and acquisition expenses of $3.0 million in the first quarter of 2026, compared to $12.3 million in the fourth quarter of 2025, all of which were related to the Company’s acquisition of Enterprise. The majority of the 2026 first quarter merger expenses related to final severance payments, and vendor and systems contract terminations. Salaries and employee benefits decreased by $843,000, or 1.0%, driven primarily by decreased incentive compensation, retirement benefits, and lower base salaries, partially offset by higher payroll taxes and medical plan insurance. Occupancy and equipment expenses increased by $1.7 million, or 10.9%, driven primarily by a $1.9 million increase in snow removal costs for the first quarter of 2026. FDIC assessment decreased $731,000, or 18.0%, due to quarterly timing differences. Other noninterest expense decreased by $2.4 million, or 7.8%, driven primarily by decreases in consultant fees of $790,000, legal fees of $755,000, and net valuation decreases on equity securities of $384,000. TAX RATE

The Company’s quarterly effective tax rate increased to 23.38% for the first quarter of 2026 from 20.54% for the prior quarter, due to one-time discrete adjustments combined with revised estimates based on full year results in the prior quarter.

ASSET QUALITY

During the first quarter, the Company’s key asset quality activity and metrics were as follows:

Nonperforming loans increased to $96.6 million at March 31, 2026, as compared to $83.6 million at December 31, 2025, representing 0.52% and 0.45% of total loans, respectively. Delinquencies as a percentage of total loans increased 9 basis points from the prior quarter to 0.41% at March 31, 2026. Net charge-offs decreased slightly to $4.8 million, as compared to $5.3 million for the prior quarter, representing 0.11% and 0.12%, respectively, of average loans annualized. The largest individual charge-off in the quarter was $4.2 million related to a commercial real estate loan that was partially reserved for in the prior quarter. The first quarter provision for credit losses increased to $5.5 million, as compared to $4.8 million for the prior quarter. Total criticized and classified commercial loans of $575.5 million, or 4.0% of total commercial loans, increased $102.7 million, or 21.7%, as compared to the prior quarter. The allowance for credit losses on total loans increased to $190.6 million at March 31, 2026, compared to $189.9 million at December 31, 2025 and represented 1.03% of total loans at both March 31, 2026 and December 31, 2025. CONFERENCE CALL INFORMATION

Jeffrey Tengel, Chief Executive Officer, and Mark Ruggiero, Chief Financial Officer and Executive Vice President of Consumer Lending, will host a conference call to discuss first quarter earnings at 10:00 a.m. Eastern Time on Friday, April 17, 2026.

Participants may join the webcast by registering prior to the call via this link: https://events.q4inc.com/attendee/279877279. A replay of the webcast will be made available on the Company’s website at https://indb.rocklandtrust.com by selecting First Quarter 2026 Earnings Call. The webcast replay will be available until April 17, 2027.

ABOUT INDEPENDENT BANK CORP.

Independent Bank Corp. (Nasdaq Global Select Market: INDB) is the holding company for Rockland Trust Company, a full-service commercial bank headquartered in Massachusetts. With retail branches in Eastern Massachusetts, Worcester County, and Southern New Hampshire, as well as commercial banking and investment management offices in Massachusetts, New Hampshire, and Rhode Island, Rockland Trust offers a wide range of banking, investment, and insurance services to individuals, families, and businesses. Rockland Trust also offers a full suite of mobile, online, and telephone banking services. Rockland Trust is an FDIC member and an Equal Housing Lender.

This press release contains certain “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995 with respect to the financial condition, results of operations and business of the Company. These statements may be identified by such forward-looking terminology as “expect,” “achieve,” “plan,” “believe,” “future,” “positioned,” “continued,” “will,” “would,” “potential,” or similar statements or variations of such terms. Actual results may differ from those contemplated by these forward-looking statements.

Factors that may cause actual results to differ materially from those contemplated by such forward-looking statements include, but are not limited to:

adverse economic conditions in the regional and local economies within the New England region and the Company’s market area; events impacting the financial services industry, including high profile bank failures, and any resulting decreased confidence in banks among depositors, investors, and other counterparties, as well as competition for deposits and significant disruption, volatility and depressed valuations of equity and other securities of banks in the capital markets; the effects to the Company of an increasingly competitive labor market, including the possibility that the Company will have to devote significant resources to attract and retain qualified personnel; political and policy uncertainties, changes in U.S. and international trade policies, such as tariffs or other factors, and the potential impact of such factors on the Company and its customers, including the potential for decreases in deposits and loan demand, unanticipated loan delinquencies, loss of collateral and decreased service revenues; the instability or volatility in financial markets and unfavorable domestic or global general economic, political or business conditions, including international conflicts and hostilities, such as the ongoing conflict involving Israel, the U.S. and Iran; unanticipated loan delinquencies, loss of collateral, decreased service revenues, and other potential negative effects on the Company’s local economies or the Company’s business caused by adverse weather conditions and natural disasters, changes in climate, public health crises or other external events and any actions taken by governmental authorities in response to any such events; adverse changes or volatility in the local real estate market; changes in interest rates and any resulting impact on interest earning assets and/or interest bearing liabilities, the level of voluntary prepayments on loans and the receipt of payments on mortgage-backed securities, decreased loan demand or increased difficulty in the ability of borrowers to repay variable rate loans; risks related to the Company’s acquisition activities, including disruption to current plans and operations; difficulties in customer and employee retention; fees, expenses and charges related to these transactions being significantly higher than anticipated; impairment of goodwill and/or other intangibles; and the Company’s inability to achieve expected revenues, cost savings, synergies, and other benefits at levels or within the timeframes originally anticipated; the effect of laws, regulations, new requirements or expectations, or additional regulatory oversight in the highly regulated financial services industry, and the resulting need to invest in technology to meet heightened regulatory expectations, increased costs of compliance or required adjustments to strategy; changes in trade, monetary and fiscal policies and laws, including interest rate policies of the Board of Governors of the Federal Reserve System; higher than expected tax expense, including as a result of failure to comply with general tax laws and changes in tax laws; increased competition in the Company’s market areas, including competition that could impact deposit gathering, retention of deposits and the cost of deposits, increased competition due to the demand for innovative products and service offerings, and competition from non-depository institutions which may be subject to fewer regulatory constraints and lower cost structures; a deterioration in the conditions of the securities markets; a deterioration of the credit rating for U.S. long-term sovereign debt or uncertainties surrounding the federal budget; inability to adapt to changes in information technology, including changes to industry accepted delivery models driven by a migration to the internet as a means of service delivery, including any inability to effectively implement new technology-driven products, such as artificial intelligence (“AI”); electronic or other fraudulent activity within the financial services industry, especially in the commercial banking sector; adverse changes in consumer spending and savings habits; the effect of laws and regulations regarding the financial services industry, including the need to invest in technology to meet heightened regulatory expectations or the introduction of new requirements or expectations resulting in increased costs of compliance or required adjustments to strategy; changes in laws and regulations (including laws and regulations concerning taxes, banking, securities and insurance) generally applicable to the Company’s business and the associated costs of such changes; the Company’s potential judgments, claims, damages, penalties, fines and reputational damage resulting from pending or future litigation and regulatory and government actions; changes in accounting policies, practices and standards, as may be adopted by the regulatory agencies as well as the Public Company Accounting Oversight Board, the Financial Accounting Standards Board, and other accounting standard setters; operational risks related to the Company and its customers’ reliance on information technology; cyber threats, attacks, intrusions, and fraud; and outages or other issues impacting the Company or its third party service providers which could lead to interruptions or disruptions of the Company’s operating systems, including systems that are customer facing, and adversely impact the Company’s business; risks related to the development and use of AI by the Company, its third-party vendors, clients and counterparties; and any unexpected material adverse changes in the Company’s operations or earnings. The Company cautions readers not to place undue reliance on any forward-looking statements as the Company’s business and its forward-looking statements involve substantial known and unknown risks and uncertainties described above and in the Company’s most recent Annual Report on Form 10-K and subsequent Quarterly Reports on Form 10-Q (“Risk Factors”). Except as required by law, the Company disclaims any intent or obligation to update publicly any such forward-looking statements, whether in response to new information, future events or otherwise. Any public statements or disclosures by the Company following this release which modify or impact any of the forward-looking statements contained in this release will be deemed to modify or supersede such statements in this release. In addition to the information set forth in this press release, you should carefully consider the Risk Factors.

This press release and the appendices attached to it contain financial information determined by methods other than in accordance with accounting principles generally accepted in the United States of America (“GAAP”). This information may include operating net income and operating earnings per share (“EPS”), operating return on average assets, operating return on average common equity, operating return on average tangible common equity, adjusted net interest margin (“adjusted margin”), tangible book value per share and the tangible common equity ratio.

Operating net income, operating EPS, operating return on average assets, and operating return on average common equity exclude items that management believes are unrelated to the Company’s core banking business such as merger and acquisition expenses, and other items, if applicable. Management uses operating net income and related ratios and operating EPS to measure the strength of the Company’s core banking business and to identify trends that may to some extent be obscured by such items. Management reviews its adjusted margin to determine any items that may impact the net interest margin that may be one-time in nature or not reflective of its core operating environment, such as significant purchase accounting adjustments or other adjustments such as nonaccrual interest reversals/recoveries and prepayment penalties. Management believes that adjusting for these items to arrive at an adjusted margin provides additional insight into the operating environment and how management decisions impact the net interest margin.

Management also supplements its evaluation of financial performance with analysis of tangible book value per share (which is computed by dividing stockholders’ equity less goodwill and identifiable intangible assets, or “tangible common equity,” by common shares outstanding), the tangible common equity ratio (which is computed by dividing tangible common equity by “tangible assets,” defined as total assets less goodwill and other intangibles), and return on average tangible common equity (which is computed by dividing net income by average tangible common equity). The Company has included information on tangible book value per share, the tangible common equity ratio and return on average tangible common equity because management believes that investors may find it useful to have access to the same analytical tools used by management. As a result of merger and acquisition activity, the Company has recognized goodwill and other intangible assets in conjunction with business combination accounting principles. Excluding the impact of goodwill and other intangibles in measuring asset and capital values for the ratios provided, along with other bank standard capital ratios, provides a framework to compare the capital adequacy of the Company to other companies in the financial services industry.

These non-GAAP measures should not be viewed as a substitute for operating results and other financial measures determined in accordance with GAAP. An item which management excludes when computing these non-GAAP measures can be of substantial importance to the Company’s results for any particular quarter or year. The Company’s non-GAAP performance measures, including operating net income, operating EPS, operating return on average assets, operating return on average common equity, adjusted margin, tangible book value per share and the tangible common equity ratio, are not necessarily comparable to non-GAAP performance measures which may be presented by other companies.

Category: Earnings Releases

INDEPENDENT BANK CORP. FINANCIAL SUMMARY

CONSOLIDATED BALANCE SHEETS

(Unaudited, dollars in thousands)

% Change

% Change

March 31
2026

December 31
2025

March 31
2025

Mar 2026 vs.

Mar 2026 vs.

Dec 2025

Mar 2025

Assets

Cash and due from banks

$

223,291

$

229,770

$

214,616

(2.82

)%

4.04

%

Interest-earning deposits with banks

505,687

542,132

502,228

(6.72

)%

0.69

%

Securities

Trading

5,525

4,720

4,816

17.06

%

14.72

%

Equities

21,518

21,581

21,250

(0.29

)%

1.26

%

Available for sale

2,088,365

2,004,247

1,283,767

4.20

%

62.67

%

Held to maturity

1,256,566

1,279,027

1,409,959

(1.76

)%

(10.88

)%

Total securities

3,371,974

3,309,575

2,719,792

1.89

%

23.98

%

Loans held for sale

16,758

35,909

8,524

(53.33

)%

96.60

%

Loans

Commercial and industrial

4,651,453

4,611,789

3,315,081

0.86

%

40.31

%

Commercial real estate

8,181,340

8,275,408

6,735,974

(1.14

)%

21.46

%

Commercial construction

1,403,613

1,399,193

796,162

0.32

%

76.30

%

Total commercial

14,236,406

14,286,390

10,847,217

(0.35

)%

31.24

%

Residential real estate

2,842,144

2,873,443

2,465,731

(1.09

)%

15.27

%

Home equity

1,307,746

1,297,662

1,143,966

0.78

%

14.32

%

Total consumer real estate

4,149,890

4,171,105

3,609,697

(0.51

)%

14.97

%

Other consumer

39,182

46,282

35,055

(15.34

)%

11.77

%

Total loans

18,425,478

18,503,777

14,491,969

(0.42

)%

27.14

%

Less: allowance for credit losses

(190,560

)

(189,877

)

(144,092

)

0.36

%

32.25

%

Net loans

18,234,918

18,313,900

14,347,877

(0.43

)%

27.09

%

Federal Home Loan Bank stock

17,752

21,835

25,804

(18.70

)%

(31.20

)%

Bank premises and equipment, net

217,695

218,190

190,007

(0.23

)%

14.57

%

Goodwill

1,090,610

1,090,610

985,072

—

%

10.71

%

Other intangible assets

126,687

133,576

10,941

(5.16

)%

1,057.91

%

Cash surrender value of life insurance policies

380,423

378,576

306,077

0.49

%

24.29

%

Other assets

597,785

638,823

577,271

(6.42

)%

3.55

%

Total assets

$

24,783,580

$

24,912,896

$

19,888,209

(0.52

)%

24.61

%

Liabilities and Stockholders’ Equity

Deposits

Noninterest-bearing demand deposits

$

5,633,079

$

5,600,955

$

4,409,878

0.57

%

27.74

%

Savings and interest checking

6,310,870

6,482,970

5,279,549

(2.65

)%

19.53

%

Money market

4,898,267

4,774,645

3,277,078

2.59

%

49.47

%

Time certificates of deposit

3,255,294

3,268,220

2,709,512

(0.40

)%

20.14

%

Total deposits

20,097,510

20,126,790

15,676,017

(0.15

)%

28.21

%

Borrowings

Federal Home Loan Bank and other borrowings

316,734

416,549

500,506

(23.96

)%

(36.72

)%

Line of credit, net

99,969

49,953

—

100.13

%

100.00

%

Junior subordinated debentures, net

62,863

62,862

62,861

—

%

—

%

Subordinated debentures, net

296,690

296,483

296,507

0.07

%

0.06

%

Total borrowings

776,256

825,847

859,874

(6.00

)%

(9.72

)%

Total deposits and borrowings

20,873,766

20,952,637

16,535,891

(0.38

)%

26.23

%

Other liabilities

367,773

394,531

318,926

(6.78

)%

15.32

%

Total liabilities

21,241,539

21,347,168

16,854,817

(0.49

)%

26.03

%

Stockholders’ equity

Common stock

483

490

424

(1.43

)%

13.92

%

Additional paid in capital

2,272,910

2,335,879

1,911,162

(2.70

)%

18.93

%

Retained earnings

1,317,946

1,269,113

1,192,008

3.85

%

10.57

%

Accumulated other comprehensive loss, net of tax

(49,298

)

(39,754

)

(70,202

)

24.01

%

(29.78

)%

Total stockholders' equity

3,542,041

3,565,728

3,033,392

(0.66

)%

16.77

%

Total liabilities and stockholders’ equity

$

24,783,580

$

24,912,896

$

19,888,209

(0.52

)%

24.61

%

CONSOLIDATED STATEMENTS OF INCOME

(Unaudited, dollars in thousands, except per share data)

Three Months Ended

% Change

% Change

March 31
2026

December 31
2025

March 31
2025

Mar 2026 vs.

Mar 2026 vs.

Dec 2025

Mar 2025

Interest income

Interest on federal funds sold and short-term investments

$

3,657

$

6,690

$

1,438

(45.34

)%

154.31

%

Interest and dividends on securities

25,374

24,924

15,297

1.81

%

65.88

%

Interest and fees on loans

260,982

265,582

195,093

(1.73

)%

33.77

%

Interest on loans held for sale

252

339

92

(25.66

)%

173.91

%

Total interest income

290,265

297,535

211,920

(2.44

)%

36.97

%

Interest expense

Interest on deposits

66,935

74,378

59,436

(10.01

)%

12.62

%

Interest on borrowings

10,871

10,671

6,979

1.87

%

55.77

%

Total interest expense

77,806

85,049

66,415

(8.52

)%

17.15

%

Net interest income

212,459

212,486

145,505

(0.01

)%

46.01

%

Provision for credit losses

5,500

4,750

15,000

15.79

%

(63.33

)%

Net interest income after provision for credit losses

206,959

207,736

130,505

(0.37

)%

58.58

%

Noninterest income

Deposit account fees

9,249

9,100

7,053

1.64

%

31.14

%

Interchange and ATM fees

5,018

5,381

4,622

(6.75

)%

8.57

%

Investment management and advisory

14,165

13,793

11,220

2.70

%

26.25

%

Mortgage banking income

1,270

1,274

741

(0.31

)%

71.39

%

Increase in cash surrender value of life insurance policies

2,712

2,702

2,065

0.37

%

31.33

%

Gain on life insurance benefits

346

315

—

9.84

%

100.00

%

Loan level derivative income

910

1,232

1,042

(26.14

)%

(12.67

)%

Other noninterest income

6,592

7,648

5,796

(13.81

)%

13.73

%

Total noninterest income

40,262

41,445

32,539

(2.85

)%

23.73

%

Noninterest expenses

Salaries and employee benefits

80,737

81,580

61,931

(1.03

)%

30.37

%

Occupancy and equipment expenses

17,306

15,604

13,859

10.91

%

24.87

%

Data processing and facilities management

3,259

2,967

2,642

9.84

%

23.35

%

FDIC assessment

3,328

4,059

2,988

(18.01

)%

11.38

%

Amortization of intangible assets

6,890

7,054

1,344

(2.32

)%

412.65

%

Merger and acquisition expense

3,024

12,348

1,155

(75.51

)%

161.82

%

Other noninterest expenses

28,374

30,758

21,959

(7.75

)%

29.21

%

Total noninterest expenses

142,918

154,370

105,878

(7.42

)%

34.98

%

Income before income taxes

104,303

94,811

57,166

10.01

%

82.46

%

Provision for income taxes

24,384

19,476

12,742

25.20

%

91.37

%

Net Income

$

79,919

$

75,335

$

44,424

6.08

%

79.90

%

Weighted average common shares (basic)

48,970,060

49,452,717

42,550,274

Common share equivalents

29,685

23,623

22,353

Weighted average common shares (diluted)

48,999,745

49,476,340

42,572,627

Basic earnings per share

$

1.63

$

1.52

$

1.04

7.24

%

56.73

%

Diluted earnings per share

$

1.63

$

1.52

$

1.04

7.24

%

56.73

%

Reconciliation of Net Income (GAAP) to Operating Net Income (Non-GAAP):

Net income

$

79,919

$

75,335

$

44,424

Noninterest expense components

Add - merger and acquisition expenses

3,024

12,348

1,155

Noncore increases to income before taxes

3,024

12,348

1,155

Net taxes associated with noncore items (1)

(830

)

(3,326

)

(325

)

Noncore increases to net income

2,194

9,022

830

Operating net income (Non-GAAP)

$

82,113

$

84,357

$

45,254

(2.66

)%

81.45

%

Diluted earnings per share, on an operating basis (Non-GAAP)

$

1.68

$

1.70

$

1.06

(1.18

)%

58.49

%

(1) The net taxes associated with noncore items is determined by assessing whether each noncore item is included or excluded from net taxable income and applying the Company’s combined marginal tax rate to only those items included in net taxable income.

Performance ratios

Net interest margin (FTE)

3.90

%

3.77

%

3.42

%

Return on average assets (calculated by dividing annualized net income by average assets) (GAAP)

1.31

%

1.20

%

0.93

%

Return on average assets on an operating basis (Non-GAAP) (calculated by dividing annualized operating net income by average assets)

1.35

%

1.34

%

0.94

%

Return on average common equity (calculated by dividing annualized net income by average common equity) (GAAP)

9.02

%

8.38

%

5.94

%

Return on average common equity on an operating basis (Non-GAAP) (calculated by dividing annualized operating net income by average common equity)

9.27

%

9.38

%

6.05

%

Return on average tangible common equity (Non-GAAP) (calculated by dividing annualized net income by average tangible common equity)

13.67

%

12.77

%

8.85

%

Return on average tangible common equity on an operating basis (Non-GAAP) (calculated by dividing annualized operating net income by average tangible common equity)

14.05

%

14.30

%

9.01

%

Noninterest income as a % of total revenue (GAAP) (calculated by dividing total noninterest income by net interest income plus total noninterest income)

15.93

%

16.32

%

18.28

%

Noninterest income as a % of total revenue on an operating basis (Non-GAAP) (calculated by dividing total noninterest income on an operating basis by net interest income plus total noninterest income)

15.93

%

16.32

%

18.28

%

Efficiency ratio (GAAP) (calculated by dividing total noninterest expense by total revenue)

56.55

%

60.79

%

59.47

%

Efficiency ratio on an operating basis (Non-GAAP) (calculated by dividing total noninterest expense on an operating basis by total revenue)

55.36

%

55.93

%

58.82

%

ASSET QUALITY

(Unaudited, dollars in thousands)

Nonperforming Assets At

March 31
2026

December 31
2025

March 31
2025

Nonperforming loans

Commercial & industrial loans

$

8,453 $

9,160

$

9,839

Commercial real estate loans

64,851 50,515

65,840

Commercial construction loans

698

3,693

—

Residential real estate loans

15,593

15,043

10,966

Home equity

7,011

5,102

2,840

Other consumer

37

44

8

Total nonperforming loans

96,643

83,557

89,493

Other real estate owned

2,100

2,100

—

Total nonperforming assets

$

98,743

$

85,657

$

89,493

Nonperforming loans/gross loans

0.52

%

0.45

%

0.62

%

Nonperforming assets/total assets

0.40

%

0.34

%

0.45

%

Allowance for credit losses/nonperforming loans

197.18

%

227.24

%

161.01

%

Allowance for credit losses/total loans

1.03

%

1.03

%

0.99

%

Delinquent loans/total loans

0.41

%

0.32

%

0.47

%

Nonperforming Assets Reconciliation for the Three Months Ended

March 31
2026

December 31
2025

March 31
2025

Nonperforming assets beginning balance

$

85,657

$

88,697

$

101,529

New to nonperforming

24,714

29,374

41,777

Loans charged-off

(5,776

)

(5,768

)

(41,400

)

Loans paid-off

(5,272

)

(20,098

)

(10,932

)

Loans restored to performing status

(608

)

(4,350

)

(1,356

)

Other

28

(2,198

)

(125

)

Nonperforming assets ending balance

$

98,743

$

85,657

$

89,493

Net Charge-Offs (Recoveries)

Three Months Ended

March 31
2026

December 31
2025

March 31
2025

Net charge-offs (recoveries)

Commercial and industrial loans

$

311

$

4,555

$

152

Commercial real estate loans

4,034

28

39,996

Home equity

(12

)

(15

)

78

Other consumer

484

781

666

Total net charge-offs

$

4,817

$

5,349

$

40,892

Net charge-offs to average loans (annualized)

0.11

%

0.12

%

1.14

%

BALANCE SHEET AND CAPITAL RATIOS

March 31
2026

December 31
2025

March 31
2025

Gross loans/total deposits

91.68

%

91.94

%

92.45

%

Common equity tier 1 capital ratio (1)

12.87

%

12.86

%

14.52

%

Tier 1 leverage capital ratio (1)

10.23

%

10.15

%

11.43

%

Common equity to assets ratio GAAP

14.29

%

14.31

%

15.25

%

Tangible common equity to tangible assets ratio (2)

9.86

%

9.88

%

10.78

%

Book value per share GAAP

$

72.92

$

72.41

$

71.19

Tangible book value per share (2)

$

47.86

$

47.55

$

47.81

(1) Estimated number for March 31, 2026.

(2) See Appendix A for detailed reconciliation from GAAP to Non-GAAP ratios.

INDEPENDENT BANK CORP. SUPPLEMENTAL FINANCIAL INFORMATION

(Unaudited, dollars in thousands)

Three Months Ended

March 31, 2026

December 31, 2025

March 31, 2025

Interest

Interest

Interest

Average

Earned/

Yield/

Average

Earned/

Yield/

Average

Earned/

Yield/

Balance

Paid (1)

Rate

Balance

Paid (1)

Rate

Balance

Paid (1)

Rate

Interest-earning assets

Interest-earning deposits with banks, federal funds sold, and short term investments

$

415,532

$

3,657

3.57

%

$

673,878

$

6,690

3.94

%

$

141,410

$

1,438

4.12

%

Securities

Securities - trading

5,108

—

—

%

4,644

—

—

%

4,513

—

—

%

Securities - taxable investments

3,325,253

25,260

3.08

%

3,323,714

24,790

2.96

%

2,747,039

15,296

2.26

%

Securities - nontaxable investments (1)

11,634

144

5.02

%

14,047

169

4.77

%

195

1

2.08

%

Total securities

$

3,341,995

$

25,404

3.08

%

$

3,342,405

$

24,959

2.96

%

$

2,751,747

$

15,297

2.25

%

Loans held for sale

19,495

252

5.24

%

24,680

339

5.45

%

6,396

92

5.83

%

Loans

Commercial and industrial (1)

4,605,582

70,426

6.20

%

4,556,277

70,467

6.14

%

3,250,960

50,895

6.35

%

Commercial real estate (1)

8,240,241

112,466

5.54

%

8,263,339

115,746

5.56

%

6,804,605

86,086

5.13

%

Commercial construction (1)

1,404,278

23,926

6.91

%

1,397,668

24,618

6.99

%

785,312

13,167

6.80

%

Total commercial

14,250,101

206,818

5.89

%

14,217,284

210,831

5.88

%

10,840,877

150,147

5.62

%

Residential real estate

2,856,572

35,503

5.04

%

2,895,216

34,847

4.78

%

2,464,464

27,716

4.56

%

Home equity

1,300,202

19,429

6.06

%

1,288,744

20,498

6.31

%

1,140,190

17,774

6.32

%

Total consumer real estate

4,156,774

54,932

5.36

%

4,183,960

55,345

5.25

%

3,604,654

45,490

5.12

%

Other consumer

43,789

664

6.15

%

41,897

741

7.02

%

38,618

593

6.23

%

Total loans

$

18,450,664

$

262,414

5.77

%

$

18,443,141

$

266,917

5.74

%

$

14,484,149

$

196,230

5.49

%

Total interest-earning assets

$

22,227,686

$

291,727

5.32

%

$

22,484,104

$

298,905

5.27

%

$

17,383,702

$

213,057

4.97

%

Cash and due from banks

228,015

228,939

197,536

Federal Home Loan Bank stock

20,474

21,835

27,646

Other assets

2,226,216

2,230,165

1,852,073

Total assets

$

24,702,391

$

24,965,043

$

19,460,957

Interest-bearing liabilities

Deposits

Savings and interest checking accounts (4)

$

6,333,509

$

15,883

1.02

%

$

6,355,726

$

18,078

1.13

%

$

5,222,353

$

16,162

1.26

%

Money market (4)

4,862,134

24,672

2.06

%

4,829,717

26,989

2.22

%

3,178,879

17,710

2.26

%

Time deposits

3,269,232

26,380

3.27

%

3,336,280

29,311

3.49

%

2,723,975

25,564

3.81

%

Total interest-bearing deposits

$

14,464,875

$

66,935

1.88

%

$

14,521,723

$

74,378

2.03

%

$

11,125,207

$

59,436

2.17

%

Borrowings

Federal Home Loan Bank and other borrowings

380,062

3,596

3.84

%

416,368

3,973

3.79

%

547,713

5,566

4.12

%

Line of Credit

54,404

755

5.63

%

7,559

116

6.09

%

—

—

—

%

Junior subordinated debentures

62,863

874

5.64

%

62,862

936

5.91

%

62,860

974

6.28

%

Subordinated debentures

296,573

5,646

7.72

%

296,372

5,646

7.56

%

23,070

439

7.72

%

Total borrowings

$

793,902

$

10,871

5.55

%

$

783,161

$

10,671

5.41

%

$

633,643

$

6,979

4.47

%

Total interest-bearing liabilities

$

15,258,777

$

77,806

2.07

%

$

15,304,884

$

85,049

2.20

%

$

11,758,850

$

66,415

2.29

%

Noninterest-bearing demand deposits

5,498,339

5,751,348

4,345,631

Other liabilities

353,886

340,775

323,728

Total liabilities

$

21,111,002

$

21,397,007

$

16,428,209

Stockholders’ equity

3,591,389

3,568,036

3,032,748

Total liabilities and stockholders’ equity

$

24,702,391

$

24,965,043

$

19,460,957

Net interest income

$

213,921

$

213,856

$

146,642

Interest rate spread (2)

3.25

%

3.07

%

2.68

%

Net interest margin (3)

3.90

%

3.77

%

3.42

%

Supplemental Information

Total deposits, including demand deposits

$

19,963,214

$

66,935

$

20,273,071

$

74,378

$

15,470,838

$

59,436

Cost of total deposits

1.36

%

1.46

%

1.56

%

Total funding liabilities, including demand deposits

$

20,757,116

$

77,806

$

21,056,232

$

85,049

$

16,104,481

$

66,415

Cost of total funding liabilities

1.52

%

1.60

%

1.67

%

(1) The total amount of adjustment to present interest income and yield on a fully tax-equivalent basis was $1.5 million, $1.4 million, and $1.1 million for the three months ended March 31, 2026, December 31, 2025, and March 31, 2025, respectively, determined by applying the Company’s marginal tax rates in effect during each respective quarter.

(2) Interest rate spread represents the difference between weighted average yield on interest-earning assets and the weighted average cost of interest-bearing liabilities.

(3) Net interest margin represents annualized net interest income as a percentage of average interest-earning assets.

(4) Interest paid amounts within the savings and interest checking and money market categories for the three months ended December 31, 2025 vary from amounts previously reported in the Company’s fourth quarter 2025 earnings release. These reported amounts reflect a reclassification of approximately $3.0 million in interest paid from the money market category to the savings and interest checking category. The corresponding yields presented above have also been revised to reflect this reclassification.

APPENDIX A: NON-GAAP Reconciliation of Balance Sheet Metrics
(Unaudited, dollars in thousands, except per share data)

The following table summarizes the calculation of the Company’s tangible common equity to tangible assets ratio and tangible book value per share, at the dates indicated:

March 31
2026

December 31
2025

March 31
2025

Tangible common equity

(Dollars in thousands, except per share data)

Stockholders’ equity (GAAP)

$

3,542,041

$

3,565,728

$

3,033,392

(a)

Less: Goodwill and other intangibles

1,217,297

1,224,186

996,013

Tangible common equity (Non-GAAP)

$

2,324,744

$

2,341,542

$

2,037,379

(b)

Tangible assets

Assets (GAAP)

$

24,783,580

$

24,912,896

$

19,888,209

(c)

Less: Goodwill and other intangibles

1,217,297

1,224,186

996,013

Tangible assets (Non-GAAP)

$

23,566,283

$

23,688,710

$

18,892,196

(d)

Common Shares

48,572,237

49,243,813

42,610,271

(e)

Common equity to assets ratio (GAAP)

14.29

%

14.31

%

15.25

%

(a/c)

Tangible common equity to tangible assets ratio (Non-GAAP)

9.86

%

9.88

%

10.78

%

(b/d)

Book value per share (GAAP)

$

72.92

$

72.41

$

71.19

(a/e)

Tangible book value per share (Non-GAAP)

$

47.86

$

47.55

$

47.81

(b/e)

APPENDIX B: Non-GAAP Reconciliation of Earnings Metrics

The following table summarizes the impact of noncore items on the Company’s calculation of noninterest income and noninterest expense, the impact of noncore items on noninterest income as a percentage of total revenue and the efficiency ratio, as well as the average tangible common equity used to calculate return on average tangible common equity and operating return on tangible common equity for the periods indicated, and the average assets used to calculate return on average assets and operating return on average assets:

(Unaudited, dollars in thousands)

Three Months Ended

March 31
2026

December 31
2025

March 31
2025

Net interest income (GAAP)

$

212,459

$

212,486

$

145,505

Noninterest income (GAAP)

$

40,262

$

41,445

$

32,539

Total revenue (GAAP)

$

252,721

$

253,931

$

178,044

Noninterest expense (GAAP)

$

142,918

$

154,370

$

105,878

Less:

Merger and acquisition expense

3,024

12,348

1,155

Noninterest expense on an operating basis (Non-GAAP)

$

139,894

$

142,022

$

104,723

Average assets

$

24,702,391

$

24,965,043

$

19,460,957

Average common equity (GAAP)

$

3,591,389

$

3,568,036

$

3,032,748

Less: Average goodwill and other intangibles

1,221,201

1,227,889

996,762

Average tangible common equity (Non-GAAP)

$

2,370,188

$

2,340,147

$

2,035,986

Reconciliation of Net Income (GAAP) to Operating Net Income (Non-GAAP)

Net income (GAAP)

$

79,919

$

75,335

$

44,424

Noninterest expense components

Add - merger and acquisition expenses

3,024

12,348

1,155

Noncore increases to income before taxes

3,024

12,348

1,155

Net taxes associated with noncore items (1)

(830

)

(3,326

)

(325

)

Noncore increases to net income

2,194

9,022

830

Operating net income (Non-GAAP)

$

82,113

$

84,357

$

45,254

(1) The net taxes associated with noncore items is determined by assessing whether each noncore item is included or excluded from net taxable income and applying the Company’s combined marginal tax rate to only those items included in net taxable income.

Ratios

Return on average assets (GAAP) (calculated by dividing annualized net income by average assets)

1.31

%

1.20

%

0.93

%

Return on average assets on an operating basis (Non-GAAP) (calculated by dividing annualized operating net income by average assets)

1.35

%

1.34

%

0.94

%

Return on average common equity (GAAP) (calculated by dividing annualized net income by average common equity)

9.02

%

8.38

%

5.94

%

Return on average common equity on an operating basis (Non-GAAP) (calculated by dividing annualized operating net income by average common equity)

9.27

%

9.38

%

6.05

%

Return on average tangible common equity (Non-GAAP) (calculated by dividing annualized net income by average tangible common equity)

13.67

%

12.77

%

8.85

%

Return on average tangible common equity on an operating basis (Non-GAAP) (calculated by dividing annualized operating net income by average tangible common equity)

14.05

%

14.30

%

9.01

%

Noninterest income as a % of total revenue (GAAP) (calculated by dividing total noninterest income by total revenue)

15.93

%

16.32

%

18.28

%

Noninterest income as a % of total revenue on an operating basis (Non-GAAP) (calculated by dividing total noninterest income on an operating basis by total revenue)

15.93

%

16.32

%

18.28

%

Efficiency ratio (GAAP) (calculated by dividing total noninterest expense by total revenue)

56.55

%

60.79

%

59.47

%

Efficiency ratio on an operating basis (Non-GAAP) (calculated by dividing total noninterest expense on an operating basis by total revenue)

55.36

%

55.93

%

58.82

%

APPENDIX C: Net Interest Margin Analysis & Non-GAAP Reconciliation of Adjusted Margin

(Unaudited, dollars in thousands)

Three Months Ended

March 31, 2026

December 31, 2025

Volume

Interest

Margin Impact

Volume

Interest

Margin Impact

Reported total interest earning assets

$

22,227,686

$

213,921

3.90

%

$

22,484,104

$

213,856

3.77

%

Acquisition fair value marks:

Loan accretion

(9,186

)

(0.17

)%

(6,275

)

(0.11

)%

Nonaccrual interest, net

(54

)

—

%

(1,117

)

(0.02

)%

Other adjustments

(1,626

)

(667

)

(0.01

)%

(1,842

)

(407

)

—

%

Adjusted margin (Non-GAAP)

$

22,226,060

$

204,014

3.72

%

$

22,482,262

$

206,057

3.64

%

More News From Independent Bank Corp.

Independent Bank Corp. (INDB - Free Report) reported $252.72 million in revenue for the quarter ended March 2026, representing a year-over-year increase of 42%. EPS of $1.68 for the same period compares to $1.06 a year ago.

The reported revenue represents a surprise of -0.47% over the Zacks Consensus Estimate of $253.92 million. With the consensus EPS estimate being $1.70, the EPS surprise was -0.98%.

While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.

As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.

Here is how Independent Bank Corp. performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:

Efficiency Ratio: 56.6% compared to the 55% average estimate based on three analysts.Net interest margin (FTE): 3.9% versus the three-analyst average estimate of 3.8%.Average Balance - Total interest-earning assets: $22.23 billion versus the two-analyst average estimate of $22.58 billion.Total Non-Interest Income: $40.26 million versus the three-analyst average estimate of $41 million.Increase in cash surrender value of life insurance policies: $2.71 million versus the two-analyst average estimate of $2.67 million.Net Interest Income: $212.46 million versus the two-analyst average estimate of $212.47 million.Loan level derivative income: $0.91 million versus $1.12 million estimated by two analysts on average.Interchange and ATM fees: $5.02 million versus $5.22 million estimated by two analysts on average.Deposit account fees: $9.25 million compared to the $9.22 million average estimate based on two analysts.Other noninterest income: $6.59 million versus $7.36 million estimated by two analysts on average.Mortgage banking income: $1.27 million versus $1.14 million estimated by two analysts on average.Investment management and advisory: $14.17 million versus the two-analyst average estimate of $14 million.View all Key Company Metrics for Independent Bank Corp. here>>>

Shares of Independent Bank Corp. have returned +7.8% over the past month versus the Zacks S&P 500 composite's +6% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.

Independent Bank Corp. (INDB) Q1 2026 Earnings Call Transcript

On May 13, 2026, Channing Capital Management, LLC disclosed a new position in Independent Bank (INDB +1.24%), acquiring 939,667 shares in an estimated $73.65 million trade based on the quarterly average price.

What happenedAccording to a SEC filing dated May 13, 2026, Channing Capital Management, LLC initiated a new stake in Independent Bank, purchasing 939,667 shares. The estimated transaction value was $73.65 million, based on the average first-quarter 2026 closing price. At the end of the quarter, the position was valued at $70.67 million, reflecting both the purchase and subsequent price movement.

What else to knowThis new position accounts for 1.8098% of Channing Capital’s 13F assets under management as of March 31, 2026

Top five holdings after the filing:

NASDAQ:LFUS: $99.92 million (2.6% of AUM)NYSE:MSA: $99.59 million (2.6% of AUM)NYSE:VVV: $99.10 million (2.5% of AUM)NYSE:SWX: $96.18 million (2.5% of AUM)NYSE:TKR: $93.55 million (2.4% of AUM)As of May 13, 2026, shares of Independent Bank were priced at $76.17, up 20.87% over the past year, underperforming the S&P 500 by 5.60 percentage points in that period

Company OverviewMetricValueRevenue (TTM)$1.25 billionNet Income (TTM)$240.62 millionDividend Yield3.31%Price (as of market close May 13, 2026)$76.17Company SnapshotOffers a full suite of commercial banking products and services, including checking and savings accounts, commercial and consumer loans, investment management, and trust services.Generates revenue primarily through net interest income on loans and deposits, as well as fee-based income from wealth management and transaction services.Serves individuals, small-to-medium-sized businesses, and institutional clients, with a primary focus on the Eastern Massachusetts region.Independent Bank is a leading regional bank holding company, operating through Rockland Trust Company with a significant presence in Eastern Massachusetts. The company offers a diversified range of products and services, including commercial banking, wealth management, and trust services. The company provides comprehensive financial services to clients across Eastern Massachusetts.

What this transaction means for investorsChanning Capital Management, a Chicago-based investment firm, recently bought nearly 940,000 shares of Independent Bank Corp (INDB) during the first quarter (the three months ended March 31, 2026). Here are some important takeaways for investors.

To begin, INDB, a financial stock, has advanced about 89% over the past three years, equating to a compound annual growth rate (CAGR) of 23.6%. The S&P 500, on the other hand, has generated a total return of 89% and a CAGR of 23.6%. To put it another way, INDB has generated a solid return over the last three years — right on par with the broader market.

As for recent news, the company reported better-than-expected earnings. Management also gave the green light to a new $200 million share buyback plan. Finally, the stock boasts a solid 3.4% dividend yield, making it attractive to income-seeking investors.

Finally, INDB’s price-to-earnings (P/E) ratio is 15.2x, slightly below its 10-year average of 17.2x.

All investors love getting big returns from their portfolio, whether it's through stocks, bonds, ETFs, or other types of securities. But when you're an income investor, your primary focus is generating consistent cash flow from each of your liquid investments.

While cash flow can come from bond interest or interest from other types of investments, income investors hone in on dividends. A dividend is the distribution of a company's earnings paid out to shareholders; it's often viewed by its dividend yield, a metric that measures a dividend as a percent of the current stock price. Many academic studies show that dividends account for significant portions of long-term returns, with dividend contributions exceeding one-third of total returns in many cases.

Independent Bank Corp. (INDB - Free Report) is headquartered in Hanover, and is in the Finance sector. The stock has seen a price change of 7.74% since the start of the year. Currently paying a dividend of $0.64 per share, the company has a dividend yield of 3.25%. In comparison, the Banks - Northeast industry's yield is 2.29%, while the S&P 500's yield is 1.44%.

Looking at dividend growth, the company's current annualized dividend of $2.56 is up 8.5% from last year. Over the last 5 years, Independent Bank Corp. has increased its dividend 5 times on a year-over-year basis for an average annual increase of 5.67%. Looking ahead, future dividend growth will be dependent on earnings growth and payout ratio, which is the proportion of a company's annual earnings per share that it pays out as a dividend. Independent Bank Corp.'s current payout ratio is 41%, meaning it paid out 41% of its trailing 12-month EPS as dividend.

Looking at this fiscal year, INDB expects solid earnings growth. The Zacks Consensus Estimate for 2026 is $7.33 per share, which represents a year-over-year growth rate of 29.96%.

Investors like dividends for a variety of different reasons, from tax advantages and decreasing overall portfolio risk to considerably improving stock investing profits. However, not all companies offer a quarterly payout.

High-growth firms or tech start-ups, for example, rarely provide their shareholders a dividend, while larger, more established companies that have more secure profits are often seen as the best dividend options. Income investors must be conscious of the fact that high-yielding stocks tend to struggle during periods of rising interest rates. With that in mind, INDB is a compelling investment opportunity. Not only is it a strong dividend play, but the stock currently sits at a Zacks Rank of #3 (Hold).

Representative Josh Gottheimer (Democratic-New Jersey) recently sold shares of Phreesia, Inc. (NYSE:PHR). In a filing disclosed on April 08th, the Representative disclosed that they had sold between $1,001 and $15,000 in Phreesia stock on March 5th. The trade occurred in the Representative’s “MORGAN STANLEY – SELECT UMA ACCOUNT # 1” account.

Representative Josh Gottheimer also recently made the following trade(s):

Sold $1,001 – $15,000 in shares of ENN Energy (OTCMKTS:XNGSY) on 3/24/2026. Sold $1,001 – $15,000 in shares of Crown Castle (NYSE:CCI) on 3/24/2026. Purchased $1,001 – $15,000 in shares of Fabrinet (NYSE:FN) on 3/24/2026. Sold $1,001 – $15,000 in shares of Intapp (NASDAQ:INTA) on 3/12/2026. Sold $1,001 – $15,000 in shares of Alcon (NYSE:ALC) on 3/12/2026. Sold $1,001 – $15,000 in shares of La-Z-Boy (NYSE:LZB) on 3/12/2026. Sold $1,001 – $15,000 in shares of HDFC Bank (NYSE:HDB) on 3/12/2026. Sold $1,001 – $15,000 in shares of Infineon Technologies (OTCMKTS:IFNNY) on 3/12/2026. Purchased $1,001 – $15,000 in shares of SEA (NYSE:SE) on 3/10/2026. Purchased $1,001 – $15,000 in shares of ServiceNow (NYSE:NOW) on 3/6/2026. Phreesia Stock Down 7.7% Shares of PHR stock opened at $8.08 on Friday. The stock has a market cap of $490.94 million, a P/E ratio of 269.33 and a beta of 0.86. Phreesia, Inc. has a 52 week low of $7.77 and a 52 week high of $32.76. The company has a quick ratio of 1.53, a current ratio of 1.53 and a debt-to-equity ratio of 0.41. The company’s fifty day simple moving average is $11.43 and its two-hundred day simple moving average is $16.92.

Phreesia (NYSE:PHR – Get Free Report) last announced its quarterly earnings results on Monday, March 30th. The company reported $0.02 EPS for the quarter, missing the consensus estimate of $0.07 by ($0.05). The company had revenue of $127.07 million during the quarter, compared to analysts’ expectations of $126.75 million. Phreesia had a return on equity of 3.23% and a net margin of 0.48%.The firm’s revenue for the quarter was up 15.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.11) EPS. Analysts predict that Phreesia, Inc. will post -1.1 EPS for the current fiscal year.

Insider Buying and Selling In related news, General Counsel Allison C. Hoffman sold 6,176 shares of the stock in a transaction dated Monday, March 23rd. The shares were sold at an average price of $11.97, for a total value of $73,926.72. Following the sale, the general counsel directly owned 163,485 shares of the company’s stock, valued at $1,956,915.45. This represents a 3.64% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Evan Roberts sold 6,268 shares of the stock in a transaction dated Friday, January 16th. The stock was sold at an average price of $16.36, for a total transaction of $102,544.48. Following the completion of the sale, the insider directly owned 826,554 shares in the company, valued at $13,522,423.44. This trade represents a 0.75% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 40,367 shares of company stock worth $613,251 over the last three months. 5.50% of the stock is currently owned by company insiders.

Analyst Ratings Changes Several analysts have commented on PHR shares. Canaccord Genuity Group decreased their price target on shares of Phreesia from $33.00 to $22.00 and set a “buy” rating on the stock in a research note on Tuesday, March 31st. Weiss Ratings reiterated a “sell (e+)” rating on shares of Phreesia in a research note on Wednesday, January 28th. Zacks Research cut shares of Phreesia from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, January 6th. Wells Fargo & Company decreased their target price on shares of Phreesia from $30.00 to $25.00 and set an “overweight” rating on the stock in a research report on Thursday, March 26th. Finally, Needham & Company LLC decreased their target price on shares of Phreesia from $35.00 to $14.00 and set a “buy” rating on the stock in a research report on Tuesday, March 31st. Twelve research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, Phreesia currently has an average rating of “Moderate Buy” and an average target price of $22.00.

Read Our Latest Research Report on Phreesia

Institutional Trading of Phreesia A number of hedge funds and other institutional investors have recently added to or reduced their stakes in PHR. Royal Bank of Canada raised its position in Phreesia by 208.8% in the 1st quarter. Royal Bank of Canada now owns 24,119 shares of the company’s stock worth $617,000 after purchasing an additional 16,309 shares during the period. AQR Capital Management LLC raised its position in Phreesia by 471.2% in the 1st quarter. AQR Capital Management LLC now owns 160,032 shares of the company’s stock worth $4,090,000 after purchasing an additional 132,015 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in Phreesia by 3.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 62,557 shares of the company’s stock worth $1,599,000 after purchasing an additional 2,158 shares during the period. NewEdge Advisors LLC raised its position in Phreesia by 262.7% in the 1st quarter. NewEdge Advisors LLC now owns 15,437 shares of the company’s stock worth $395,000 after purchasing an additional 11,181 shares during the period. Finally, Goldman Sachs Group Inc. raised its position in Phreesia by 0.4% in the 1st quarter. Goldman Sachs Group Inc. now owns 600,012 shares of the company’s stock worth $15,336,000 after purchasing an additional 2,402 shares during the period. 92.10% of the stock is owned by hedge funds and other institutional investors.

About Representative Gottheimer Josh Gottheimer (Democratic Party) is a member of the U.S. House, representing New Jersey’s 5th Congressional District. He assumed office on January 3, 2017. His current term ends on January 3, 2027.

Gottheimer (Democratic Party) is running for re-election to the U.S. House to represent New Jersey’s 5th Congressional District. He declared candidacy for the 2026 election.

Gottheimer is also running for election for Governor of New Jersey. He declared candidacy for the Democratic primary scheduled on June 10, 2025.

Gottheimer attended the University of Pennsylvania for his undergraduate degree. He became a Thouron Fellow at Oxford and attended Harvard Law School. Gottheimer worked as a speech writer under former President Bill Clinton (D), assisting with two State of the Union addresses, among other projects. Before running for Congress, he worked for Microsoft as a general manager for corporate strategy.

Phreesia Company Profile (Get Free Report)

Phreesia, Inc (NYSE: PHR) is a provider of patient intake management solutions designed to streamline front-office workflows for healthcare organizations. The company’s cloud-based platform digitizes patient registration, appointment scheduling, insurance verification, consent documentation and payment collection through touchscreen kiosks, tablets and mobile devices. By replacing paper forms and manual processes, Phreesia enhances data accuracy, reduces administrative burden and improves the patient experience.

Founded in 2000 by Chaim Indig and headquartered in Burlington, Massachusetts, Phreesia offers a modular software suite that integrates with electronic medical record (EMR) and practice management systems.

See Also Five stocks we like better than Phreesia Receive News & Ratings for Phreesia Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Phreesia and related companies with MarketBeat.com's FREE daily email newsletter.

Posted by Defense World Staff on Apr 10th, 2026

Representative Josh Gottheimer (Democratic-New Jersey) recently sold shares of Infineon Technologies AG (OTCMKTS:IFNNY). In a filing disclosed on April 08th, the Representative disclosed that they had sold between $1,001 and $15,000 in Infineon Technologies stock on March 12th. The trade occurred in the Representative’s “MORGAN STANLEY – SELECT UMA ACCOUNT # 1” account.

Representative Josh Gottheimer also recently made the following trade(s):

Sold $1,001 – $15,000 in shares of ENN Energy (OTCMKTS:XNGSY) on 3/24/2026. Sold $1,001 – $15,000 in shares of Crown Castle (NYSE:CCI) on 3/24/2026. Purchased $1,001 – $15,000 in shares of Fabrinet (NYSE:FN) on 3/24/2026. Sold $1,001 – $15,000 in shares of Intapp (NASDAQ:INTA) on 3/12/2026. Sold $1,001 – $15,000 in shares of Alcon (NYSE:ALC) on 3/12/2026. Sold $1,001 – $15,000 in shares of La-Z-Boy (NYSE:LZB) on 3/12/2026. Sold $1,001 – $15,000 in shares of HDFC Bank (NYSE:HDB) on 3/12/2026. Purchased $1,001 – $15,000 in shares of SEA (NYSE:SE) on 3/10/2026. Purchased $1,001 – $15,000 in shares of ServiceNow (NYSE:NOW) on 3/6/2026. Sold $1,001 – $15,000 in shares of Columbia Banking System (NASDAQ:COLB) on 3/5/2026. Infineon Technologies Price Performance Shares of OTCMKTS IFNNY opened at $50.05 on Friday. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.94 and a current ratio of 1.72. The company has a market cap of $61.49 billion, a PE ratio of 53.82, a P/E/G ratio of 0.94 and a beta of 1.83. The business has a 50-day simple moving average of $48.58 and a two-hundred day simple moving average of $44.40. Infineon Technologies AG has a fifty-two week low of $28.26 and a fifty-two week high of $56.19.

Infineon Technologies (OTCMKTS:IFNNY – Get Free Report) last issued its quarterly earnings results on Wednesday, February 4th. The technology company reported $0.41 earnings per share for the quarter, topping the consensus estimate of $0.36 by $0.05. Infineon Technologies had a return on equity of 11.12% and a net margin of 7.51%.The business had revenue of $4.33 billion during the quarter, compared to the consensus estimate of $3.65 billion. As a group, equities analysts expect that Infineon Technologies AG will post 1.61 EPS for the current fiscal year.

Analysts Set New Price Targets A number of equities research analysts recently commented on IFNNY shares. JPMorgan Chase & Co. raised Infineon Technologies from a “neutral” rating to an “overweight” rating in a report on Friday, March 20th. Zacks Research downgraded Infineon Technologies from a “strong-buy” rating to a “hold” rating in a report on Wednesday, February 11th. Wall Street Zen raised Infineon Technologies from a “hold” rating to a “buy” rating in a report on Thursday, February 12th. Finally, UBS Group downgraded Infineon Technologies from a “strong-buy” rating to a “hold” rating in a report on Friday, March 6th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy”.

View Our Latest Report on IFNNY

About Representative Gottheimer Josh Gottheimer (Democratic Party) is a member of the U.S. House, representing New Jersey’s 5th Congressional District. He assumed office on January 3, 2017. His current term ends on January 3, 2027.

Gottheimer (Democratic Party) is running for re-election to the U.S. House to represent New Jersey’s 5th Congressional District. He declared candidacy for the 2026 election.

Gottheimer is also running for election for Governor of New Jersey. He declared candidacy for the Democratic primary scheduled on June 10, 2025.

Gottheimer attended the University of Pennsylvania for his undergraduate degree. He became a Thouron Fellow at Oxford and attended Harvard Law School. Gottheimer worked as a speech writer under former President Bill Clinton (D), assisting with two State of the Union addresses, among other projects. Before running for Congress, he worked for Microsoft as a general manager for corporate strategy.

Infineon Technologies Company Profile (Get Free Report)

Infineon Technologies AG (OTCMKTS:IFNNY) is a global semiconductor manufacturer that develops, manufactures and markets a broad range of semiconductor and system solutions. The company’s product portfolio includes power semiconductors and modules, microcontrollers and system-on-chip (SoC) solutions, analog and mixed-signal components, sensors and security controllers. Infineon’s technologies are used to enable energy-efficient power conversion, electrification, connectivity and secure data processing across multiple end markets.

Infineon was formed as a spin-off from Siemens AG in 1999 and is headquartered near Munich in Neubiberg, Germany.

Featured Stories Five stocks we like better than Infineon Technologies Receive News & Ratings for Infineon Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Infineon Technologies and related companies with MarketBeat.com's FREE daily email newsletter.

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For those looking to find strong Medical stocks, it is prudent to search for companies in the group that are outperforming their peers. Alcon (ALC - Free Report) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? By taking a look at the stock's year-to-date performance in comparison to its Medical peers, we might be able to answer that question.

Alcon is one of 891 individual stocks in the Medical sector. Collectively, these companies sit at #7 in the Zacks Sector Rank. The Zacks Sector Rank considers 16 different sector groups. The average Zacks Rank of the individual stocks within the groups is measured, and the sectors are listed from best to worst.

The Zacks Rank is a proven system that emphasizes earnings estimates and estimate revisions, highlighting a variety of stocks that are displaying the right characteristics to beat the market over the next one to three months. Alcon is currently sporting a Zacks Rank of #2 (Buy).

The Zacks Consensus Estimate for ALC's full-year earnings has moved 3.5% higher within the past quarter. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.

According to our latest data, ALC has moved about 1.2% on a year-to-date basis. Meanwhile, the Medical sector has returned an average of -5.8% on a year-to-date basis. This shows that Alcon is outperforming its peers so far this year.

Another Medical stock, which has outperformed the sector so far this year, is Brainsway Ltd. Sponsored ADR (BWAY - Free Report) . The stock has returned 51.3% year-to-date.

In Brainsway Ltd. Sponsored ADR's case, the consensus EPS estimate for the current year increased 5.7% over the past three months. The stock currently has a Zacks Rank #1 (Strong Buy).

To break things down more, Alcon belongs to the Medical - Instruments industry, a group that includes 77 individual companies and currently sits at #87 in the Zacks Industry Rank. This group has lost an average of 12.9% so far this year, so ALC is performing better in this area.

On the other hand, Brainsway Ltd. Sponsored ADR belongs to the Medical - Products industry. This 78-stock industry is currently ranked #157. The industry has moved -13.4% year to date.

Going forward, investors interested in Medical stocks should continue to pay close attention to Alcon and Brainsway Ltd. Sponsored ADR as they could maintain their solid performance.

GENEVA--(BUSINESS WIRE)--Regulatory News:

Alcon Inc. (SIX/NYSE: ALC), the global leader in eye care dedicated to helping people see brilliantly, today announced the approval of all proposed resolutions at its 2026 Annual General Meeting (“AGM”).

A total of 283,222,421 shares with a nominal value of CHF 0.04 each, representing an aggregate nominal value of CHF 11,328,896.84, were represented at today's AGM.

Shareholders re-elected F. Michael Ball as member and Chair of the Board of Directors, and the other members of the Board who stood for re-election, namely Lynn Bleil, Arthur Cummings, Deborah Di Sanzo, David Endicott, Thomas Glanzmann, D. Keith Grossman, Karen May, Ines Pöschel and Dieter Spälti, for a term of office of one year. Shareholders also elected R. Scott Herren to the Board.

In addition, shareholders re-elected Thomas Glanzmann, Karen May and Ines Pöschel to form the Compensation Committee for a period of one year.

Discharge was granted to the members of the Board of Directors and the members of the Executive Committee for the 2025 financial year.

In two separate binding votes, shareholders approved the maximum aggregate amount of compensation of the Board of Directors for the next term of office ending at the 2027 Annual General Meeting, and the Executive Committee for the 2027 financial year.

Shareholders also accepted the 2025 Report on Non-Financial Matters and the 2025 Compensation Report in separate, non-binding, consultative votes.

Alcon shareholders approved the operating and financial review of Alcon Inc., the annual financial statements of Alcon Inc. and the consolidated financial statements for 2025.

Shareholders also approved that a gross dividend of CHF 0.28 per dividend-bearing share be declared, and that, after appropriation of the dividend, the remaining amount of available earnings be carried forward.

PricewaterhouseCoopers SA, Geneva, was re-elected as statutory auditors for the 2026 financial year. Hartmann Dreyer Attorneys-at-Law was also re-elected as the independent representative for a term of one year extending until the 2027 AGM.

About Alcon

Alcon helps people see brilliantly. As the global leader in eye care with a heritage spanning over 75 years, we offer the broadest portfolio of products to enhance sight and improve people’s lives. Our Surgical and Vision Care products touch the lives of people in over 140 countries and territories each year living with conditions like cataracts, glaucoma, retinal diseases and refractive errors. Our more than 25,000 associates are enhancing the quality of life through innovative products, partnerships with Eye Care Professionals and programs that advance access to quality eye care. Learn more at www.alcon.com.

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More News From Alcon Inc. Swiss

GENEVA--(BUSINESS WIRE)--Regulatory News:

Alcon (SIX/NYSE:ALC), the global leader in eye care, reported its financial results for the three months ending March 31, 2026. For the first quarter of 2026, sales were $2.7 billion, up 10% on a reported basis and up 6% on a constant currency basis1, as compared to the same quarter of the previous year. Alcon reported diluted earnings per share of $0.39 and core diluted earnings per share2 of $0.85 in the first quarter of 2026.

“2026 is off to a solid start, driven by strong performance from our new product launches, including Unity VCS and CS, PanOptix Pro, Tryptyr and Precision7. Combined with the resilience of our balanced portfolio, we are well positioned to navigate market variability and maintain consistent performance,” said David J. Endicott, Alcon's Chief Executive Officer. “Our innovation remains a key growth engine, delivering differentiated technologies that reinforce our leadership in eye care and support sustained revenue growth and margin expansion.”

First-quarter 2026 key figures

Three months ended March 31

2026

2025

Net sales ($ millions)

2,685

2,451

Operating margin (%)

10.9%

19.1%

Diluted earnings per share ($)

0.39

0.70

Core results (non-IFRS measure)2

Core operating margin (%)

21.2%

20.8%

Core diluted earnings per share ($)

0.85

0.73

Cash flows ($ millions)

Net cash flows from operating activities

418

384

Free cash flow (non-IFRS measure)3

279

278

First-quarter 2026 results

Reported net sales for the first quarter of 2026 were $2.7 billion, up 10% versus the first quarter of 2025. Excluding favorable currency impacts of 4%, sales were up 6% on a constant currency basis.

The following table highlights net sales by segment for the first quarter of 2026:

Three months ended
March 31

Change %

($ millions unless indicated otherwise)

2026

2025

$

cc1
(non-IFRS
measure)

Surgical

Implantables

438

420

4

1

Consumables

769

712

8

4

Equipment/other

253

199

27

23

Total Surgical

1,460

1,331

10

6

Vision Care

Contact lenses

738

688

7

4

Ocular health

487

432

13

10

Total Vision Care

1,225

1,120

9

6

Net sales

2,685

2,451

10

6

Net sales by segment

Surgical

Surgical net sales, which include implantables, consumables and equipment/other, were $1.5 billion, an increase of 10% on a reported basis and 6% on a constant currency basis versus the first quarter of 2025.

Implantables net sales were $438 million, an increase of 4%. Excluding favorable currency impacts of 3%, Implantables net sales increased 1% constant currency. This growth reflects strong performance by PanOptix Pro, continued competitive pressures in international markets and lower sales in surgical glaucoma. Consumables net sales were $769 million, an increase of 8%. Excluding favorable currency impacts of 4%, Consumables net sales increased 4% constant currency, reflecting soft cataract market conditions and price increases. Equipment/other net sales were $253 million, an increase of 27%. Excluding favorable currency impacts of 4%, Equipment/other net sales increased 23% constant currency. This growth was led by recent equipment launches, including the Unity platform. Vision Care

Vision Care net sales, which include contact lenses and ocular health, were $1.2 billion, an increase of 9% on a reported basis and 6% on a constant currency basis versus the first quarter of 2025.

Contact lenses net sales were $738 million, an increase of 7%. Excluding favorable currency impacts of 3%, Contact lenses net sales increased 4% constant currency. This growth reflects product innovation and price increases, partially offset by declines in legacy products. Ocular health net sales were $487 million, an increase of 13%. Excluding favorable currency impacts of 3%, Ocular health net sales increased 10% constant currency. Growth was led by our portfolio of dry eye products, including Tryptyr and Systane. Operating income

Operating income was $292 million (-38%, -42% cc), compared to $468 million in the prior year period. Operating margin decreased 8.2 percentage points. The prior year period included gains on fair value remeasurements of investments in associated companies. The current year period included costs associated with efficiency initiatives, impairment charges related to an intangible asset, incremental tariffs, sales and marketing behind new product launches and increased research and development ("R&D"), partially offset by improved operating leverage from higher sales and manufacturing efficiencies. Excluding a positive 0.5 percentage point impact from currency, operating margin decreased 8.7 percentage points on a constant currency basis.

Adjustments to arrive at core operating income in the current year period were $277 million, mainly due to $129 million of amortization, $88 million of costs associated with efficiency initiatives, $38 million of impairment charges related to an intangible asset and $21 million of acquisition and integration related items. Adjustments to arrive at core operating income in the prior year period were $43 million, mainly due to $172 million of amortization and $13 million of acquisition and integration related items, partially offset by gains of $142 million on fair value remeasurements of investments in associated companies.

Core operating income was $569 million (+11%, +6% cc), compared to $511 million in the prior year period. Core operating margin increased 0.4 percentage points as the current year period included improved operating leverage from higher sales and manufacturing efficiencies, partially offset by incremental tariffs, sales and marketing behind new product launches and increased R&D. Excluding a positive 0.4 percentage point impact from currency, core operating margin was in line with the prior year period on a constant currency basis.

Taxes

Reported tax expense was $51 million, compared to $64 million in the prior year period, and the average reported tax rate was 21.3%, compared to 15.5% in the prior year period. The prior year period included a non-taxable gain on the fair value remeasurement of an investment in an associated company.

Core tax expense was $102 million, compared to $97 million in the prior year period, and the average core tax rate was 19.7%, compared to 21.0% in the prior year period. The decrease in average core tax rate is primarily driven by a more favorable mix of pre-tax income/(loss) across geographical tax jurisdictions and the tax effect of an increase of inventory in certain international markets, partially offset by discrete tax expenses in the current year period.

Diluted earnings per share

Diluted earnings per share of $0.39 decreased 44%, or 50% on a constant currency basis, versus the prior year period. The prior year period included gains of $142 million on fair value remeasurements of investments in associated companies. Core diluted earnings per share of $0.85 increased 16%, or 10% on a constant currency basis, versus the prior year period.

Cash flow highlights

Net cash flows from operating activities amounted to $418 million for the first three months of 2026, compared to $384 million in the prior year period. Free cash flow was $279 million for the first three months of 2026, compared to $278 million in the prior year period.

Capital allocation

Dividend

On April 30, 2026, at the Company's Annual General Meeting, shareholders approved a dividend of CHF 0.28 per share, which is expected to be paid on or around May 7, 2026. The total dividend payments will amount to a maximum of $177 million using the CHF/USD exchange rate as of April 30, 2026.

Share repurchase authorization

On May 5, 2026, the Board authorized the repurchase of up to $1.5 billion of the Company’s common shares, par value of CHF 0.04 per share, on a second trading line with the SIX Swiss Exchange. The shares to be acquired under this share buyback program will be cancelled as a return of capital to shareholders.

Alcon expects to fund the program through cash generated from operations. The program is subject to customary safe harbor conditions and authorization of the Swiss Takeover Board. The timing and total amount of share repurchases and cancellations will depend upon a variety of factors. The program is expected to be completed over a three-year period, but may be suspended or discontinued at any time.

Further information (including official publications in English, German and French) will be available as of May 6, 2026 at https://investor.alcon.com/stock-information/share-repurchase-history/default.aspx.

2026 outlook

The Company updated its 2026 outlook as per the table below.

2026 outlook4

as of February

as of May

Comments

Net sales growth vs. prior year (cc)1

(non-IFRS measure)

+5% to +7%

+5% to +7%

Maintained

Core operating margin2 change vs. prior year (cc)1

(non-IFRS measure)

+70 to +170 bps

+70 to +170 bps

Maintained

Core diluted EPS2 growth vs. prior year (cc)1

(non-IFRS measure)

+9% to +12%

+10% to +13%

Updated

This outlook assumes the following:

Aggregated markets grow approximately 3% to 4%. A full-year tariff impact, net of mitigating actions, of approximately $100 to $150 million, which is expected to pressure cost of net sales. This reduction in tariff expense versus Alcon's February outlook is expected to be reinvested in the business. This estimate excludes any potential refunds. Exchange rates as of the end of April 2026 prevail through year-end, which remain in line with the Company's February outlook. Non-operating expense5 for FY 2026 is expected to be between $200 and $220 million. The core effective tax rate6 for FY 2026 is expected to be approximately 20%. Capital expenditures are expected to be mid-single digits as a percentage of sales. Approximately 492 million weighted-averaged diluted shares.7 Webcast and Conference Call Instructions

The Company will host a conference call on May 6, 2026 at 8:00 a.m. Eastern Time / 2:00 p.m. Central European Time to discuss its first-quarter 2026 earnings results. The webcast can be accessed online through Alcon's Investor Relations website, i.e. investor.alcon.com. Listeners should log on approximately 10 minutes in advance. A replay will be available online within 24 hours after the event. To listen the Company's conference call, click on the link:

https://investor.alcon.com/news-and-events/events-and-presentations/event-details/2026/Alcons-First-Quarter-2026-Earnings-Call-2026-HSeoMI-KHy/default.aspx

The Company's first-quarter 2026 press release, interim financial report and supplemental presentation materials can be found online through Alcon's Investor Relations website, or by clicking on the link:

https://investor.alcon.com/news-and-events/events-and-presentations/event-details/2026/Alcons-First-Quarter-2026-Earnings-Call-2026-HSeoMI-KHy/default.aspx

Cautionary Note Regarding Forward-Looking Statements

This press release contains, and our officers and representatives may from time to time make, certain “forward-looking statements” within the meaning of the safe harbor provisions of the US Private Securities Litigation Reform Act of 1995. Forward-looking statements can be identified by words such as “anticipate,” “intend,” “commitment,” “look forward,” “maintain,” “plan,” “goal,” “seek,” “target,” “assume,” “believe,” “project,” “estimate,” “expect,” “strategy,” “future,” “likely,” “may,” “should,” “will” and similar references to future periods. Examples of forward-looking statements include, among others, statements we make regarding our 2026 outlook, liquidity, revenue, revenue growth, gross margin, operating margin, core operating margin, core operating margin growth, effective tax rate, foreign currency exchange movements, tariff impact, nonoperating expenses, earnings per share, earnings per share growth, operating cash flow, free cash flow, our plans and decisions relating to various capital expenditures, capital allocation priorities and other discretionary items such as our market growth assumptions, our social impact and sustainability plans, targets, goals and expectations, and generally, our expectations concerning our future performance.

Forward-looking statements are neither historical facts nor assurances of future performance. Instead, they are based only on our current beliefs, expectations and assumptions regarding the future of our business, future plans and strategies, and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties and risks that are difficult to predict such as: cybersecurity breaches and technology failures that could disrupt operations; our ability to effectively manage the risks associated with transformational information technology changes such as the ethical use of artificial intelligence and disruptive technologies and the migration to cloud-based platforms; compliance with data privacy, identity protection and information security laws, particularly with the increased use of artificial intelligence; the impact of a disruption in our global supply chain, including the effect of tariffs, or important facilities, particularly when we single-source or rely on limited sources of supply; our reliance on outsourcing key business functions; the increasingly challenging economic, political and legal environment in China; global and regional economic, financial, monetary, legal, tax, political and social change; our ability to comply with anti-corruption, anti-bribery, export control, trade sanction, or similar laws; our ability to attract and retain qualified personnel; our ability to manage the risks associated with operating as a third party contract manufacturer; our success in completing strategic acquisitions, including equity investments in early-stage companies, on favorable terms or at all, and in integrating acquired businesses; the success of our research and development efforts, including our ability to innovate to compete effectively; our ability to manage the rapid evolution and adoption of artificial intelligence; terrorism, war and similar events; our ability to forecast sales demand and manage our inventory levels and the changing buying patterns of our customers; pricing pressure from changes in third party payor coverage and reimbursement methodologies; our ability to comply with all laws to which we may be subject; the ability to obtain regulatory clearance and approval of our products as well as compliance with any post-approval obligations, including quality control of our manufacturing; the effect of product recalls or voluntary market withdrawals; our ability to manage social impact and sustainability matters; our ability to properly educate and train healthcare providers on our products; our ability to protect our intellectual property; the accuracy of our accounting estimates and assumptions, including pension and other post-employment benefit plan obligations and the carrying value of intangible assets, and the adequacy of our financial reporting, accounting practices and internal controls; our ability to service our debt obligations; the need for additional financing through the issuance of debt or equity; the effects of litigation, including product liability lawsuits and governmental investigations; legislative, tax and regulatory reform; the impact of being listed on two stock exchanges; the ability to declare and pay dividends; the different rights afforded to our shareholders as a Swiss corporation compared to a US corporation; the effect of maintaining or losing our foreign private issuer status under US securities laws; and the ability to enforce US judgments against Swiss corporations.

Additional factors are discussed in our filings with the United States Securities and Exchange Commission, including our Form 20-F. Should one or more of these uncertainties or risks materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those anticipated. Therefore, you should not rely on any of these forward-looking statements. Forward-looking statements in this press release speak only as of the date of its filing, and we assume no obligation to update forward-looking statements as a result of new information, future events or otherwise. We also undertake no obligation to update the 2026 outlook as circumstances evolve.

Intellectual Property

This report may contain references to our proprietary intellectual property. All product names appearing in italics or ALL CAPS are trademarks owned by or licensed to Alcon Inc. Product names identified by a "®" or a "™" are trademarks that are not owned by or licensed to Alcon or its subsidiaries and are the property of their respective owners.

Non-IFRS measures as defined by the Company

Alcon uses certain non-IFRS metrics when measuring performance, including when measuring current period results against prior periods, including core results, percentage changes measured in constant currency, EBITDA, free cash flow and net (debt)/liquidity.

Because of their non-standardized definitions, the non-IFRS measures (unlike IFRS measures) may not be comparable to the calculation of similar measures of other companies. These supplemental non-IFRS measures are presented solely to permit investors to more fully understand how Alcon management assesses underlying performance. These supplemental non-IFRS measures are not, and should not be viewed as, a substitute for IFRS measures.

Core results

Alcon core results, including core operating income and core net income, exclude all amortization and impairment charges of intangible assets, excluding software, product discontinuation charges, net gains and losses on fund investments and equity securities valued at fair value through profit and loss ("FVPL"), fair value adjustments of financial assets in the form of options to acquire a company carried at FVPL, fair value remeasurements of investments in associated companies and certain acquisition related items. The following items that exceed a threshold of $10 million, are not operating expenses necessary to the operation of the business and have costs that will vary over periods are also excluded from core results: integration and divestment related income and expenses, divestment gains and losses, restructuring charges/releases and related items, legal related items, gains/losses on early extinguishment of debt or debt modifications, past service costs for post-employment benefit plans, impairments of property, plant and equipment and software, as well as income and expense items that management deems exceptional and that are or are expected to accumulate within the year to be over a $10 million threshold.

Taxes on the adjustments between IFRS and core results take into account, for each individual item included in the adjustment, the tax rate that will finally be applicable to the item based on the jurisdiction where the adjustment will finally have a tax impact. Generally, this results in amortization and impairment of intangible assets and acquisition-related restructuring and integration items having a full tax impact. There is usually a tax impact on other items, although this is not always the case for certain items such as legal settlements in certain jurisdictions.

Alcon believes that investor understanding of its performance is enhanced by disclosing core measures of performance because, since they exclude items that can vary significantly from period to period, the core measures enable a helpful comparison of business performance across periods. For this same reason, Alcon uses these core measures in addition to IFRS and other measures as important factors in assessing its performance.

A limitation of the core measures is that they provide a view of Alcon operations without including all events during a period, such as the effects of an acquisition, divestment, or amortization/impairments of purchased intangible assets and restructurings.

Constant currency

Changes in the relative values of non-US currencies to the US dollar can affect Alcon's financial results and financial position. To provide additional information that may be useful to investors, including changes in sales volume, we present information about changes in our net sales and various values relating to operating and net income that are adjusted for such foreign currency effects.

Constant currency calculations have the goal of eliminating two exchange rate effects so that an estimate can be made of underlying changes in the Consolidated Income Statement excluding:

the impact of translating the income statements of consolidated entities from their non-US dollar functional currencies to the US dollar; and the impact of exchange rate movements on the major transactions of consolidated entities performed in currencies other than their functional currency. Alcon calculates constant currency measures by translating the current year's foreign currency values for sales and other income statement items into US dollars, using the average exchange rates from the historical comparative period and comparing them to the values from the historical comparative period in US dollars.

EBITDA

Alcon defines earnings before interest, tax, depreciation and amortization ("EBITDA") as net income excluding income taxes, depreciation of property, plant and equipment (including any related impairment charges), depreciation of right-of-use assets, amortization of intangible assets (including any related impairment charges), interest expense and other financial income and expense. Alcon management primarily uses EBITDA together with net (debt)/liquidity to monitor leverage associated with financial debts.

Free cash flow

Alcon defines free cash flow as net cash flows from operating activities less cash flow associated with the purchase or sale of property, plant and equipment. Free cash flow is presented as additional information because Alcon management believes it is a useful supplemental indicator of Alcon's ability to operate without reliance on additional borrowing or use of existing cash. Free cash flow is not intended to be a substitute measure for net cash flows from operating activities as determined under IFRS.

Net (debt)/liquidity

Alcon defines net (debt)/liquidity as current and non-current financial debt less cash and cash equivalents, current investments, including time deposits, and derivative financial instruments. Net (debt)/liquidity is presented as additional information because management believes it is a useful supplemental indicator of Alcon's ability to pay dividends, to meet financial commitments and to invest in new strategic opportunities, including strengthening its balance sheet.

Growth rate and margin calculations

For ease of understanding, Alcon uses a sign convention for its growth rates such that a reduction in operating expenses or losses compared to the prior year is shown as a positive growth.

Gross margins, core gross margins, operating income margins and core operating income margins are calculated based upon net sales unless otherwise noted.

Reconciliation of guidance for forward-looking non-IFRS measures

The forward-looking guidance included in this press release cannot be reconciled to the comparable IFRS measures without unreasonable efforts, because we are not able to predict with reasonable certainty the ultimate amount or nature of exceptional items in the fiscal year. These items are uncertain, depend on many factors and could have a material impact on our IFRS results for the guidance period.

Financial tables

Net sales by region

Three months ended March 31

($ millions unless indicated otherwise)

2026

2025

United States

1,228

46

%

1,137

46

%

International

1,457

54

%

1,314

54

%

Net sales

2,685

100

%

2,451

100

%

Consolidated Income Statement (unaudited)

Three months ended March 31

($ millions except earnings per share)

2026

2025

Net sales

2,685

2,451

Other revenues

21

22

Net sales and other revenues

2,706

2,473

Cost of net sales

(1,163

)

(1,071

)

Cost of other revenues

(18

)

(19

)

Gross profit

1,525

1,383

Selling, general & administration

(882

)

(813

)

Research & development

(245

)

(222

)

Other income

11

149

Other expense

(117

)

(29

)

Operating income

292

468

Interest expense

(52

)

(49

)

Other financial income & expense

2

9

Share of (loss) from associated companies

(2

)

(14

)

Income before taxes

240

414

Taxes

(51

)

(64

)

Net income

189

350

Net income attributable to:

Shareholders of Alcon Inc.

189

350

Non-controlling interests

—

—

Earnings per share ($)(1)

Basic

0.39

0.71

Diluted

0.39

0.70

Weighted average number of shares outstanding (millions)

Basic

487.2

495.1

Diluted

490.2

498.0

Segment contribution

Three months ended March 31

Change %

($ millions unless indicated otherwise)

2026

2025

$

cc(1)
(non-IFRS
measure)

Surgical segment contribution

367

336

9

4

As % of net sales

25.1

25.2

Vision Care segment contribution

294

281

5

2

As % of net sales

24.0

25.1

Not allocated to segments

(369

)

(149

)

(148

)

(145

)

Operating income

292

468

(38

)

(42

)

Core adjustments (non-IFRS measure)(1)

277

43

Core operating income (non-IFRS measure)(1)

569

511

11

6

Operating income

Three months ended March 31

Change %

($ millions unless indicated otherwise)

2026

2025

$

cc(1)
(non-IFRS
measure)

Cost of net sales

(1,163

)

(1,071

)

(9

)

(6

)

Gross profit

1,525

1,383

10

6

Gross margin (%)

56.8

56.4

Selling, general & administration

(882

)

(813

)

(8

)

(5

)

Research & development

(245

)

(222

)

(10

)

(8

)

Other income

11

149

(93

)

(92

)

Other expense

(117

)

(29

)

nm

nm

Operating income

292

468

(38

)

(42

)

Operating margin (%)

10.9

19.1

Core results (non-IFRS measure)(1)

Core gross profit

1,691

1,550

9

5

Core gross margin (%)

63.0

63.2

Core operating income

569

511

11

6

Core operating margin (%)

21.2

20.8

Non-operating income & expense

Three months ended March 31

Change %

($ millions unless indicated otherwise)

2026

2025

$

cc(1)
(non-IFRS
measure)

Operating income

292

468

(38

)

(42

)

Interest expense

(52

)

(49

)

(6

)

(4

)

Other financial income & expense

2

9

(78

)

(83

)

Share of (loss) from associated companies

(2

)

(14

)

86

85

Income before taxes

240

414

(42

)

(48

)

Taxes

(51

)

(64

)

20

28

Net income

189

350

(46

)

(51

)

Net income attributable to:

Shareholders of Alcon Inc.

189

350

(46

)

(51

)

Non-controlling interests

—

—

—

—

Basic earnings per share ($)(2)

0.39

0.71

(45

)

(50

)

Diluted earnings per share ($)(2)

0.39

0.70

(44

)

(50

)

Core results (non-IFRS measure)(1)

Core taxes

(102

)

(97

)

(5

)

—

Core net income

415

365

14

8

Core net income attributable to:

Shareholders of Alcon Inc.

415

365

14

8

Non-controlling interests

—

—

—

—

Core basic earnings per share ($)(2)

0.85

0.74

15

10

Core diluted earnings per share ($)(2)

0.85

0.73

16

10

Reconciliation of IFRS results to core results (non-IFRS measure)

Three months ended March 31, 2026

($ millions except earnings per share)

IFRS
results

Amortization
of certain
intangible
assets(1)

Impairments(2)

Acquisition and
integration
related items(4)

Efficiency
measures(5)

Other
items(6)

Core results
(non-IFRS
measure)

Gross profit

1,525

127

38

1

—

—

1,691

Operating income

292

129

38

21

88

1

569

Income before taxes

240

129

38

21

88

1

517

Taxes(7)

(51

)

(23

)

(6

)

(4

)

(17

)

(1

)

(102

)

Net income

189

106

32

17

71

—

415

Net income attributable to:

Shareholders of Alcon Inc.

189

106

32

17

71

—

415

Non-controlling interests

—

—

—

—

—

—

—

Basic earnings per share ($)(8)

0.39

0.85

Diluted earnings per share ($)(8)

0.39

0.85

Basic - weighted average shares outstanding (millions)(8)

487.2

487.2

Diluted - weighted average shares outstanding (millions)(8)

490.2

490.2

Three months ended March 31, 2025

($ millions except earnings per share)

IFRS
results

Amortization of
certain intangible
assets(1)

Gains on
investments in
associated
companies(3)

Acquisition and
integration
related items(4)

Other
items(6)

Core results
(non-IFRS
measure)

Gross profit

1,383

167

—

—

—

1,550

Operating income

468

172

(142

)

13

—

511

Income before taxes

414

172

(142

)

13

5

462

Taxes(7)

(64

)

(30

)

—

(3

)

—

(97

)

Net income

350

142

(142

)

10

5

365

Net income attributable to:

Shareholders of Alcon Inc.

350

142

(142

)

10

5

365

Non-controlling interests

—

—

—

—

—

—

Basic earnings per share ($)(8)

0.71

0.74

Diluted earnings per share ($)(8)

0.70

0.73

Basic - weighted average shares outstanding (millions)(8)

495.1

495.1

Diluted - weighted average shares outstanding (millions)(8)

498.0

498.0

Explanatory footnotes to IFRS to core reconciliation tables

(1)

Includes amortization for all intangible assets other than software.

(2)

Includes impairment charges related to intangible assets.

(3)

For the three months ended March 31, 2025, includes gains on fair value remeasurements of investments in associated companies.

(4)

For the three months ended March 31, 2026, Gross profit includes the amortization of inventory fair value adjustments related to an acquisition. Operating income also includes $20 million of direct acquisition costs. Acquisition costs include third party professional services for legal fees and other transaction related costs.

For the three months ended March 31, 2025, Operating income includes $7 million of direct acquisition costs and $6 million of integration related costs related to acquisitions. Acquisition costs include third party professional services for banker, legal, accounting and due diligence fees. Integration related costs include severance of $3 million, accelerated equity-based compensation expense of $2 million and third party professional services of $1 million.

(5)

For the three months ended March 31, 2026, includes restructuring costs, third party consulting fees and other direct costs related to efficiency initiatives. These efficiency measures were announced in February 2026 and implementation is expected to be completed this year.

(6)

For the three months ended March 31, 2026, Operating income primarily includes the amortization of option rights.

For the three months ended March 31, 2025, Income before taxes includes core adjustments recognized for Aurion in Share of (loss) from associated companies. The expenses were incurred upon change in control from Alcon's acquisition of a majority interest in Aurion and include accelerated equity-based compensation expense of $2 million, third party professional services of $2 million for legal and accounting fees and third party bank fees of $1 million.

(7)

For the three months ended March 31, 2026, total tax adjustments of $51 million include tax associated with operating income core adjustments and discrete tax items. Tax associated with operating income core adjustments of $277 million totaled $50 million with an average tax rate of 18.1%. Core tax adjustments for discrete tax items totaled $1 million.

For the three months ended March 31, 2025, operating income core adjustments totaled $43 million. Excluding the non-taxable gain of $136 million on fair value remeasurement of Alcon's investment in Aurion, the core adjustments totaled $179 million. The associated tax effect amounted to $33 million with an average tax rate of 18.4%.

(8)

Core basic earnings per share is calculated using core net income attributable to shareholders of Alcon Inc. and the weighted-average shares of common stock outstanding during the period. Core diluted earnings per share also contemplate dilutive shares associated with unvested equity-based awards as described in Note 5 to the Condensed Consolidated Interim Financial Statements.

EBITDA (non-IFRS measure)

Three months ended March 31

($ millions)

2026

2025

Net income

189

350

Taxes

51

64

Depreciation of property, plant & equipment

108

98

Depreciation of right-of-use assets

24

21

Amortization of intangible assets

152

191

Impairments of property, plant & equipment and intangible assets

38

—

Interest expense

52

49

Other financial income & expense

(2

)

(9

)

EBITDA

612

764

Cash flow and net (debt)/liquidity (non-IFRS measure)

Three months ended March 31

($ millions)

2026

2025

Net cash flows from operating activities

418

384

Net cash flows used in investing activities

(218

)

(578

)

Net cash flows used in financing activities

(133

)

(96

)

Effect of exchange rate changes on cash and cash equivalents

(16

)

26

Net change in cash and cash equivalents

51

(264

)

Change in derivative financial instrument assets

13

(7

)

Change in time deposits with original maturity greater than three months

1

(153

)

Change in current and non-current financial debts

3

(60

)

Change in net (debt)

68

(484

)

Net (debt) at January 1

(3,125

)

(2,802

)

Net (debt) at March 31

(3,057

)

(3,286

)

Net (debt)/liquidity (non-IFRS measure)

($ millions)

At March 31, 2026

  At December 31, 2025

  Current financial debt

(577

)

(575

)

Non-current financial debt

(4,157

)

(4,162

)

Total financial debt

(4,734

)

(4,737

)

    Less liquidity:

    Cash and cash equivalents

1,578

1,527

Time deposits with original maturity greater than three months

81

80

Derivative financial instruments

18

5

Total liquidity

1,677

1,612

Net (debt)

(3,057

)

(3,125

)

Free cash flow (non-IFRS measure)

The following is a summary of free cash flow for the three months ended March 31, 2026 and 2025, together with a reconciliation to net cash flows from operating activities, the most directly comparable IFRS measure:

Three months ended March 31

($ millions)

2026

2025

Net cash flows from operating activities

418

384

Purchase of property, plant & equipment

(139

)

(106

)

Free cash flow

279

278

About Alcon

Alcon helps people see brilliantly. As the global leader in eye care with a heritage spanning over 75 years, we offer the broadest portfolio of products to enhance sight and improve people’s lives. Our Surgical and Vision Care products touch the lives of people in over 140 countries and territories each year living with conditions like cataracts, glaucoma, retinal diseases and refractive errors. Our more than 25,000 associates are enhancing the quality of life through innovative products, partnerships with Eye Care Professionals and programs that advance access to quality eye care. Learn more at www.alcon.com.

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Alcon Inc. (ALC) Q1 2026 Earnings Call Transcript

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Value ScoreValue investors love finding good stocks at good prices, especially before the broader market catches on to a stock's true value. Utilizing ratios like P/E, PEG, Price/Sales, Price/Cash Flow, and many other multiples, the Value Style Score identifies the most attractive and most discounted stocks.

Growth ScoreWhile good value is important, growth investors are more focused on a company's financial strength and health, and its future outlook. The Growth Style Score takes projected and historic earnings, sales, and cash flow into account to uncover stocks that will see long-term, sustainable growth.

Momentum ScoreMomentum traders and investors live by the saying "the trend is your friend." This investing style is all about taking advantage of upward or downward trends in a stock's price or earnings outlook. Employing factors like one-week price change and the monthly percentage change in earnings estimates, the Momentum Style Score can indicate favorable times to build a position in high-momentum stocks.

VGM ScoreWhat if you like to use all three types of investing? The VGM Score is a combination of all Style Scores, making it one of the most comprehensive indicators to use with the Zacks Rank. It rates each stock on their combined weighted styles, which helps narrow down the companies with the most attractive value, best growth forecast, and most promising momentum.

How Style Scores Work with the Zacks Rank The Zacks Rank, which is a proprietary stock-rating model, employs earnings estimate revisions, or changes to a company's earnings expectations, to make building a winning portfolio easier.

#1 (Strong Buy) stocks have produced an unmatched +23.93% average annual return since 1988, which is more than double the S&P 500's performance over the same time frame. However, the Zacks Rank examines a ton of stocks, and there can be more than 200 companies with a Strong Buy rank, and another 600 with a #2 (Buy) rank, on any given day.

This totals more than 800 top-rated stocks, and it can be overwhelming to try and pick the best stocks for you and your portfolio.

That's where the Style Scores come in.

You want to make sure you're buying stocks with the highest likelihood of success, and to do that, you'll need to pick stocks with a Zacks Rank #1 or #2 that also have Style Scores of A or B. If you like a stock that only has a #3 (Hold) rank, it should also have Scores of A or B to guarantee as much upside potential as possible.

As mentioned above, the Scores are designed to work with the Zacks Rank, so any change to a company's earnings outlook should be a deciding factor when picking which stocks to buy.

A stock with a #4 (Sell) or #5 (Strong Sell) rating, for instance, even one with Scores of A and B, will still have a declining earnings forecast, and a greater chance its share price will fall too.

Thus, the more stocks you own with a #1 or #2 Rank and Scores of A or B, the better.

Stock to Watch: Alcon (ALC - Free Report) Headquartered in Geneva, Switzerland Alcon Inc. (ALC - Free Report) researches, develops, manufactures, distributes, and sells a full suite of eye care products. Founded in 1945, Alcon was first acquired by a Swiss subsidiary of  Nestlé S.A. and began operating as a wholly owned subsidiary of Nestlé until 2002. From Mar 20, 2002 until its 2011-merger into Novartis, Alcon was publicly listed and traded on the NYSE. In 2011, Novartis completed the acquisition of 100% stake in Alcon.

ALC is a #2 (Buy) on the Zacks Rank, with a VGM Score of B.

It also boasts a Value Style Score of B thanks to attractive valuation metrics like a forward P/E ratio of 18.85; value investors should take notice.

Three analysts revised their earnings estimate upwards in the last 60 days for fiscal 2026. The Zacks Consensus Estimate has increased $0.18 to $3.47 per share. ALC boasts an average earnings surprise of +3.7%.

With a solid Zacks Rank and top-tier Value and VGM Style Scores, ALC should be on investors' short list.

Alcon receives a buy rating, driven by the launch of Tryptyr in the mature dry eye disease market. Tryptyr's unique mechanism and rapid tear production differentiate it, but commercial adoption hinges on refill rates, payer coverage, and patient persistence. ALC's robust commercial footprint and strong balance sheet support ongoing R&D, M&A, dividends, and buybacks, mitigating financing risks.

Representative Gilbert Ray Cisneros, Jr. (Democratic-California) recently sold shares of Tri Pointe Homes Inc. (NYSE: TPH). In a filing disclosed on March 09th, the Representative disclosed that they had sold between $1,001 and $15,000 in Tri Pointe Homes stock on February 23rd. The trade occurred in the Representative's "150 MAIN STREET TRUST > BANK OF AMERICA"

Xiaomi is transitioning from a smartphone-centric business to a diversified digital goods and EV company, with EV deliveries tripling in 2025. Despite impressive EV execution and segment profitability, Xiaomi faces margin pressure in smartphones due to surging DRAM costs and subsidy phase-outs for appliances. Q4 2025 earnings are expected to show modest revenue growth (~7.5% Y/Y) and flat adjusted net income, with EV as the key growth engine.

Xiaomi Corporation (XIACY) Q4 2025 Earnings Call Transcript

A Xiaomi SU7 Ultra electric vehicle (EV) is displayed during a media day for the Auto Shanghai show in Shanghai, China April 23, 2025. REUTERS/Go Nakamura Purchase Licensing Rights, opens new tab

CompaniesBEIJING, April 24 (Reuters) - Xiaomi, a well-known maker of smart consumer ​electronics in China, said ‌on Friday that it had delivered 26,000 units of its ​upgraded SU7 series, which ​launched in March.

Xiaomi CEO Lei ⁠Jun told media at ​an event at the Beijing ​Autoshow that the company had received 60,000 locked orders as of ​April 23 for the ​new generation SU7 sedans and planned to ‌launch ⁠its YU7 GT series at the end of May.

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With a huge following in ​China, the ​Chinese ⁠electronic giant is taking on Tesla and ​pursuing premium strategy in ​the ⁠EV market. It is planning to enter the European ⁠market ​next year, ​as its first overseas destination.

Reporting by Ju-min ​Park; Editing by Jacqueline Wong

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Hurtling around a race track outside Beijing, Xiaomi's SU7 Ultra is as disconcerting as it's quick. The company is preparing its expansion abroad, where it could pose a threat in the EV market.

Across social media, influencers are hawking Chinese car brands like BYD, Xiaomi and Zeekr with luxury features, state-of-the-art tech and affordable prices. But they're forbidden fruit for inflation-weary Americans who can't have them just yet.

Xiaomi Corporation (XIACY) Q1 2026 Earnings Call Transcript