---
schema_version: "secwatch.filing_event.v1"
accession: "0000776901-25-000201"
form_type: "8-K"
ticker: "INDB"
cik: "0000776901"
company_name: "INDEPENDENT BANK CORP"
filed_at: "2025-06-03T23:59:59+00:00"
generated_at: "2026-05-20T02:12:55.644211+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Q1 net income $44.4M ($1.04 EPS); elevated loan loss provision; Enterprise merger on track

## Summary
- Q1 2025 net income $44.4M, diluted EPS $1.04; operating EPS $1.06 (non-GAAP).
- Core net interest margin expanded 6 bps to 3.37%; deposits grew $370M (9.8% annualized).
- NPLs $89.5M; criticized & classified loans fell to 3.85% of commercial loans from 4.47%.
- $300M sub-debt raised in March 2025; tangible book value per share rose to $47.81.
- Enterprise Bancorp acquisition on track; pro forma entity would have $25B assets.

## SEC filing metadata
- accession: 0000776901-25-000201
- form_type: 8-K
- ticker: INDB
- cik: 0000776901
- company_name: INDEPENDENT BANK CORP
- filed_at: 2025-06-03T23:59:59+00:00
- event_type: other_material
- 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/776901/000077690125000201/0000776901-25-000201-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/776901/000077690125000201/indb-20250603.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000776901-25-000201
- JSON: https://secwatch.observer/filing/0000776901-25-000201.json
- Plain text: https://secwatch.observer/filing/0000776901-25-000201.txt

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