secwatch.observer — SEC 8-K summary
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Issuer:     INDEPENDENT BANK CORP (INDB)
CIK:        0000776901
Form:       8-K
Filed at:   2025-02-12T23:59:59+00:00
Accession:  0000776901-25-000015
Event type: other_material
Sentiment:  positive
Materiality: 0.55
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Independent Bank Corp. highlights Q4 results and Enterprise acquisition at KBW conference
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- Q4 2024 net income $50.0M, diluted EPS $1.18; ROATCE 9.96%.
- Enterprise Bancorp acquisition: 16.2% GAAP EPS accretion (2026E), ~3-year TBV earnback, >20% IRR.
- Nonperforming loans $101.5M (0.70% of loans); criticized loans declined to $502.9M.
- Core net interest margin expanded to 3.31% in Q4 2024.
- Investment management revenue $10.8M (+9.8% YoY); AUA $7.0B.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/776901/000077690125000015/0000776901-25-000015-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/776901/000077690125000015/indb-20250212.htm
  HTML page:      https://secwatch.observer/filing/0000776901-25-000015

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