{"schema_version":"secwatch.filing_event.v1","accession":"0000776901-25-000144","form_type":"8-K","ticker":"INDB","cik":"0000776901","company_name":"INDEPENDENT BANK CORP","filed_at":"2025-04-17T23:59:59+00:00","discovered_at":"2026-05-14T18:02:51.242923+00:00","generated_at":"2026-05-23T12:42:19.692393+00:00","sec_items":["2.02","7.01","9.01"],"event_type":"earnings","sentiment":"neutral","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"Independent Bank Q1 net income $44.4M, down 11% QoQ; charge-offs surge to $40.9M","bullets":["GAAP diluted EPS $1.04 vs $1.18 prior quarter; operating EPS $1.06 vs $1.21.","Net interest margin expanded 9 bps to 3.42%; deposits grew $370M to $15.7B.","Net charge-offs surged to $40.9M (1.14% annualized) from $1.2M, driven by three commercial loans.","Provision for credit losses rose to $15.0M from $7.5M; allowance/loans ratio fell to 0.99% from 1.17%.","Issued $300M subordinated notes (7.25% fixed, due 2035) and increased quarterly dividend by 4%."],"urls":{"canonical":"https://secwatch.observer/filing/0000776901-25-000144","json":"https://secwatch.observer/filing/0000776901-25-000144.json","markdown":"https://secwatch.observer/filing/0000776901-25-000144.md","text":"https://secwatch.observer/filing/0000776901-25-000144.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/776901/000077690125000144/0000776901-25-000144-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/776901/000077690125000144/indb-20250417.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-23T12:42:19.692393+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"}