---
schema_version: "secwatch.filing_event.v1"
accession: "0000776901-24-000168"
form_type: "8-K"
ticker: "INDB"
cik: "0000776901"
company_name: "INDEPENDENT BANK CORP"
filed_at: "2024-11-13T23:59:59+00:00"
generated_at: "2026-05-30T01:24:23.156333+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# INDB reports Q3 2024 net income $42.9M, EPS $1.01; NPLs rise to $104.2M on office loan

## Summary
- Q3 2024 net income $42.9M, diluted EPS $1.01; net interest margin improved 4 bps to 3.29%.
- Tangible book value per share rose $1.38 to $46.57; wealth AUA hit record $7.2B.
- Nonperforming loans surged to $104.2M (0.73% of loans) from $57.5M, driven by one office loan.
- Provision for credit losses $19.5M (up from $4.3M in Q2); allowance/loans 1.14%.
- Average deposits grew $330M (8.7% annualized); deposit cost 1.74% (up 9 bps).

## SEC filing metadata
- accession: 0000776901-24-000168
- form_type: 8-K
- ticker: INDB
- cik: 0000776901
- company_name: INDEPENDENT BANK CORP
- filed_at: 2024-11-13T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/776901/000077690124000168/0000776901-24-000168-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/776901/000077690124000168/indb-20241113.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000776901-24-000168
- JSON: https://secwatch.observer/filing/0000776901-24-000168.json
- Plain text: https://secwatch.observer/filing/0000776901-24-000168.txt

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