---
schema_version: "secwatch.filing_event.v1"
accession: "0000776901-24-000156"
form_type: "8-K"
ticker: "INDB"
cik: "0000776901"
company_name: "INDEPENDENT BANK CORP"
filed_at: "2024-09-03T23:59:59+00:00"
generated_at: "2026-05-31T06:43:09.515015+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0000776901-24-000156
- form_type: 8-K
- ticker: INDB
- cik: 0000776901
- company_name: INDEPENDENT BANK CORP
- filed_at: 2024-09-03T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/776901/000077690124000156/0000776901-24-000156-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/776901/000077690124000156/indb-20240903.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000776901-24-000156
- JSON: https://secwatch.observer/filing/0000776901-24-000156.json
- Plain text: https://secwatch.observer/filing/0000776901-24-000156.txt

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