secwatch.observer — SEC 8-K summary
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Issuer:     INDEPENDENT BANK CORP (INDB)
CIK:        0000776901
Form:       8-K
Filed at:   2025-01-16T23:59:59+00:00
Accession:  0000776901-25-000004
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Independent Bank Corp Q4 net income $50.0M; NIM expands, provision falls
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- Net income $50.0M ($1.18 diluted EPS), up from $42.9M ($1.01) in Q3.
- Operating net income $51.4M ($1.21 diluted), excluding $1.9M merger costs for pending Enterprise acquisition.
- Net interest margin expanded 4 bps to 3.33%; core margin up 2 bps to 3.31%.
- Provision for credit losses fell to $7.5M from $19.5M; nonperforming loans decreased to $101.5M.
- Tangible book value per share rose $0.39 to $46.96; total loans grew 1.0% (4.1% annualized).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/776901/000077690125000004/0000776901-25-000004-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/776901/000077690125000004/indb-20250116.htm
  HTML page:      https://secwatch.observer/filing/0000776901-25-000004

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer