secwatch.observer — SEC 8-K summary
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Issuer:     INDEPENDENT BANK CORP (INDB)
CIK:        0000776901
Form:       8-K
Filed at:   2024-02-14T23:59:59+00:00
Accession:  0000776901-24-000014
Event type: other_material
Sentiment:  neutral
Materiality: 0.60
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

INDB presents Q4 2023 results at KBW conference: EPS $1.26, ROATCE 11.50%
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- Q4 2023 net income $54.8M, diluted EPS $1.26; full-year 2023 operating EPS $5.42.
- Total assets $19.3B; loans $14.3B; deposits $14.9B; wealth AUA $6.5B.
- Nonperforming loans $54.4M (0.38% of loans); net charge-offs $3.8M in Q4.
- Tangible book value per share $44.13; $69M shares repurchased in Q4 2023.
- Portfolio focus: CRE office criticized 8.2%, multifamily criticized 0.9%.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/776901/000077690124000014/0000776901-24-000014-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/776901/000077690124000014/indb-20240214.htm
  HTML page:      https://secwatch.observer/filing/0000776901-24-000014

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer