{"schema_version":"secwatch.filing_event.v1","accession":"0000776901-23-000116","form_type":"8-K","ticker":"INDB","cik":"0000776901","company_name":"INDEPENDENT BANK CORP","filed_at":"2023-04-20T23:59:59+00:00","discovered_at":"2026-05-14T18:03:42.211138+00:00","generated_at":"2026-06-16T23:05:09.397453+00:00","sec_items":["2.02","7.01","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Independent Bank Corp Q1 net income $61.2M; deposits drop 3.8%, borrowings surge","bullets":["Net income $61.2M ($1.36 diluted EPS) vs $77.0M ($1.69) in Q4 2022.","Deposits decreased $606.8M (3.8%) to $15.3B; core deposit ratio fell to 85.6%.","Completed $120M share repurchase (1.6M shares); FHLB borrowings rose $879M for liquidity.","Net interest margin 3.79% (down 6bp QoQ); core NIM 3.78%.","Provision $7.3M; NPLs $56.2M (0.40% of loans); allowance 1.14%."],"urls":{"canonical":"https://secwatch.observer/filing/0000776901-23-000116","json":"https://secwatch.observer/filing/0000776901-23-000116.json","markdown":"https://secwatch.observer/filing/0000776901-23-000116.md","text":"https://secwatch.observer/filing/0000776901-23-000116.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/776901/000077690123000116/0000776901-23-000116-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/776901/000077690123000116/indb-20230420.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-16T23:05:09.397453+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"05cf29c72d769b5f0da609331fa93a88618a92b4","claim":"INDEPENDENT BANK CORP reported quarter ended March 31, 2023 results: net income $61.2 million, EPS $1.36 per d iluted share.","evidence_excerpt":"Independent Bank Corp. (the \"Company\") announced by press release its earnings for the quarter ended March 31, 2023.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/776901/000077690123000116/0000776901-23-000116-index.htm","confidence":1.0,"family_label":"Earnings Releases","details":[{"label":"Period","value":"quarter ended March 31, 2023"},{"label":"Net income","value":"$61.2 million"},{"label":"EPS","value":"$1.36 per d iluted share"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}