{"schema_version":"secwatch.filing_event.v1","accession":"0000776901-24-000003","form_type":"8-K","ticker":"INDB","cik":"0000776901","company_name":"INDEPENDENT BANK CORP","filed_at":"2024-01-18T23:59:59+00:00","discovered_at":"2026-05-14T18:03:26.903184+00:00","generated_at":"2026-06-06T22:16:12.323273+00:00","sec_items":["2.02","7.01","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"Independent Bank Q4 net income $54.8M ($1.26 EPS), down 9.9% QoQ; NIM compressed to 3.38%","bullets":["Q4 net income $54.8M vs $60.8M prior quarter; full-year net income $239.5M ($5.42 EPS), down 9.2% YoY.","Net interest margin fell 9 bps to 3.38%; core NIM was 3.35% as deposit costs rose 24 bps to 1.31%.","Nonperforming loans rose to $54.4M (0.38% of loans) from $39.2M (0.28%) on two commercial loans totaling $25.9M.","Deposits fell $194M (1.3%) sequentially; company repurchased 1.3M shares for $69M at $53.73 avg price.","2024 guidance: low single-digit loan/deposit growth; NIM expected mid-3.20's in first half."],"urls":{"canonical":"https://secwatch.observer/filing/0000776901-24-000003","json":"https://secwatch.observer/filing/0000776901-24-000003.json","markdown":"https://secwatch.observer/filing/0000776901-24-000003.md","text":"https://secwatch.observer/filing/0000776901-24-000003.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/776901/000077690124000003/0000776901-24-000003-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/776901/000077690124000003/indb-20240118.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-06T22:16:12.323273+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":"615d230ec0ec15435ab7f931f8ba2765ad6a3690","claim":"INDEPENDENT BANK CORP reported full year 2023 results: net income $239.5 million, EPS $5.42 on a diluted earnings per share basis.","evidence_excerpt":"Full year net income was $239.5 million, or $5.42 on a diluted earnings per share basis, a decrease of $24.3 million, or 9.2%, as compared to the prior year.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/776901/000077690124000003/0000776901-24-000003-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"full year 2023"},{"label":"Net income","value":"$239.5 million"},{"label":"EPS","value":"$5.42 on a diluted earnings per share basis"},{"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"}