{"schema_version":"secwatch.filing_event.v1","accession":"0000776901-24-000161","form_type":"8-K","ticker":"INDB","cik":"0000776901","company_name":"INDEPENDENT BANK CORP","filed_at":"2024-10-17T23:59:59+00:00","discovered_at":"2026-05-14T18:03:11.008037+00:00","generated_at":"2026-05-30T13:30:15.180895+00:00","sec_items":["2.02","7.01","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Independent Bank Q3 net income falls to $42.9M ($1.01 EPS) on $19.5M provision for one CRE loan","bullets":["Net income $42.9M ($1.01 diluted) vs Q2 $51.3M ($1.21); provision for credit losses surged to $19.5M from $4.3M.","NIM expanded 4 bps to 3.29%; average deposits grew $330M (+8.7% annualized) to $15.35B.","Nonperforming loans jumped to $104.2M (0.73% of loans) from $57.5M, driven by a single CRE office loan from a prior acquisition.","Tangible book value per share rose $1.38 to $46.57 (+3.1% QoQ); assets under administration record $7.2B.","Q4 2024 guidance: NIM 3.23%-3.27%, low-single-digit loan/deposit growth; provision driven by emerging credit trends."],"urls":{"canonical":"https://secwatch.observer/filing/0000776901-24-000161","json":"https://secwatch.observer/filing/0000776901-24-000161.json","markdown":"https://secwatch.observer/filing/0000776901-24-000161.md","text":"https://secwatch.observer/filing/0000776901-24-000161.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/776901/000077690124000161/0000776901-24-000161-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/776901/000077690124000161/indb-20241017.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-30T13:30:15.180895+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}