INDB Q1 2024 net income $47.8M ($1.12 EPS); updates strategy in investor presentation

INDEPENDENT BANK CORP

Q1 2024 net income $47.8M, diluted EPS $1.12; operating ROATCE 10.15% and NIM 3.23%.
Total assets $19.3B; loans $14.3B; deposits $15.0B; tangible book value $44.34 per share.
Repurchased 532,266 shares for $31M in Q1 2024; capital remains strong.
CRE office exposure $1.05B (11.7% of CRE); criticized assets $114.9M; proactive management.
Focus on deposit growth, expense efficiency, risk management, and M&A assessment.

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