Independent Bank Q2 net income $51.1M, $1.20 EPS; authorizes $150M buyback

INDEPENDENT BANK CORP

2025-Q2 EPS reported $2.24

Q2 net income $51.1M ($1.20 diluted EPS) vs Q1 $44.4M ($1.04); operating EPS $1.25.
Nonperforming loans fell to $56.2M from $89.5M; provision cut to $7.2M from $15.0M.
Deposits grew $218M (5.6% annualized) to $15.9B; loans up $42M (1.2% annualized).
Board authorized $150M common stock repurchase plan expiring July 16, 2026.
Tangible book value per share rose $0.99 to $48.80 (+2.1% from prior quarter).

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