INDB Q2 2024: Net income $51.3M, EPS $1.21, NIM 3.25%, NPL ratio 0.40%

INDEPENDENT BANK CORP

Q2 2024 net income $51.3M, diluted EPS $1.21; operating ROAA 1.07%, ROATCE 10.83%.
Total assets $19.4B, loans $14.4B, deposits $15.4B; net interest margin 3.25%, up from 3.23% prior Q.
Wealth AUA record $6.9B, fee revenue $10.99M (+10.5% QoQ); capital strong with Tier 1 leverage 11.09%.
NPLs $57.5M (0.40% of loans), ACL 1.05%; office CRE $1.04B with criticized/classified $145.8M.
Repurchased 532,266 shares for $31M YTD 2024; tangible book value per share $45.19.

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.