---
schema_version: "secwatch.filing_event.v1"
accession: "0000776901-24-000149"
form_type: "8-K"
ticker: "INDB"
cik: "0000776901"
company_name: "INDEPENDENT BANK CORP"
filed_at: "2024-07-18T23:59:59+00:00"
generated_at: "2026-05-31T19:59:33.009814+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0000776901-24-000149
- form_type: 8-K
- ticker: INDB
- cik: 0000776901
- company_name: INDEPENDENT BANK CORP
- filed_at: 2024-07-18T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/776901/000077690124000149/0000776901-24-000149-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/776901/000077690124000149/indb-20240718.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000776901-24-000149
- JSON: https://secwatch.observer/filing/0000776901-24-000149.json
- Plain text: https://secwatch.observer/filing/0000776901-24-000149.txt

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