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Independent Bank

Memphis, TN · Cert 34728 · Independent Holdings Inc.

State charter, non-member · FDIC · 9 branches

Q2 2026

$1.9BAssets
$1.3BLoans
$1.6BDeposits
$195.1MEquity
Loan mix
36%RE $403.0M11%C&I $128.7M53%Consumer $592.7MQ2 2025Q2 2026
Deposit mix
89%Interest-bearing $1.4B11%Noninterest $0.2BQ2 2025Q2 2026

NIM

6.86%Q2 ’246.43%Q2 ’256.30%Q2 ’26-7%+1%

Non-interest income vs. expense

3.42%Q2 ’243.22%Q2 ’253.22%Q2 ’26-17%-9%

Market Position · Memphis, TN-MS-AR · 2026 SOD (annual) · 3.5% share · #6 of 48 inst. · $1.6B of $46.3B

Executive Summary

  • Earnings: ROA of 1.29%, up 2 bps year over year; NIM at 3.81%.
  • Asset quality: problem loans at 0.85% of loans (+49 bps YoY), with net charge-offs at 0.36%.
  • Capital: tier 1 leverage ratio of 10.60%, down 2 bps from a year ago.
  • Funding: loans stand at 82.36% of deposits as of Q2 2026.

Financial Results

Return on Assets (quarter, annualized)

1.29%+2 bps YoY

Net Interest Margin (quarter, annualized)

3.81%+5 bps YoY

Efficiency Ratio (quarter, annualized)

59.77%-250 bps YoY

Tier 1 Leverage Ratio

10.60%-2 bps YoY

Discrete quarter, annualized.

MetricQ2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets1.27%1.43%1.24%1.26%1.29%+2 bps
Return on Equity11.78%13.52%11.42%11.36%11.85%+7 bps
Net Interest Margin3.75%3.61%3.67%3.78%3.81%+5 bps
Efficiency Ratio62.26%54.21%61.19%61.73%59.77%-250 bps
Non-Interest Burden1.77%1.02%1.61%1.72%1.61%-16 bps
Growth
Asset Growth (YoY)14.26%12.05%7.22%7.21%3.28%-1,099 bps
Loan Growth (YoY)4.26%5.61%5.96%6.43%3.61%-65 bps
Deposit Growth (YoY)22.10%10.77%11.06%7.90%4.60%-1,750 bps
Asset Quality
Nonperforming Loans / Loans0.36%0.27%0.25%0.28%0.85%+49 bps
Net Charge-Offs / Loans0.29%0.95%0.61%0.36%0.36%+7 bps
Allowance / Loans1.13%1.08%1.06%1.07%1.10%-2 bps
Allowance Coverage of NPLs3.1x4.0x4.2x3.9x1.3x-1.9x
Capital
Tier 1 Leverage Ratio10.62%10.09%10.44%10.49%10.60%-2 bps
Total Risk-Based Capital10.65%11.06%11.27%11.48%11.05%+40 bps
Equity / Assets10.40%10.82%10.98%11.27%10.52%+13 bps
Liquidity & Funding
Loans / Deposits83.14%90.04%88.93%92.19%82.36%-78 bps
Liquid Assets / Assets2.93%3.21%3.66%3.41%5.98%+306 bps
CRE / Total Capitaln/a171.01%154.04%160.58%n/an/a