Independent Bank Q2 net income $51.3M ($1.21 EPS); deposits up 2.4%, NIM expands to 3.25%

INDEPENDENT BANK CORP

2024-Q2 EPS reported $2.33

Net income $51.3M vs $47.8M in Q1; diluted EPS $1.21 vs $1.12.
Deposits grew $366.4M (2.4% QoQ) to $15.4B; loans increased $70.3M (0.5% QoQ).
Net interest margin improved to 3.25% from 3.23%; net interest income $137.9M.
Tangible book value per share rose to $45.19 (up 1.9% QoQ, up 7.9% YoY).
Nonperforming loans stable at $57.5M (0.40% of loans); provision for credit losses $4.3M.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.