---
schema_version: "secwatch.filing_event.v1"
accession: "0000776901-24-000131"
form_type: "8-K"
ticker: "INDB"
cik: "0000776901"
company_name: "INDEPENDENT BANK CORP"
filed_at: "2024-05-28T23:59:59+00:00"
generated_at: "2026-06-01T08:26:55.316736+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0000776901-24-000131
- form_type: 8-K
- ticker: INDB
- cik: 0000776901
- company_name: INDEPENDENT BANK CORP
- filed_at: 2024-05-28T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/776901/000077690124000131/0000776901-24-000131-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/776901/000077690124000131/indb-20240528.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000776901-24-000131
- JSON: https://secwatch.observer/filing/0000776901-24-000131.json
- Plain text: https://secwatch.observer/filing/0000776901-24-000131.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.