secwatch.observer — SEC 8-K summary
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Issuer:     INDEPENDENT BANK CORP (INDB)
CIK:        0000776901
Form:       8-K
Filed at:   2025-07-17T23:59:59+00:00
Accession:  0000776901-25-000263
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 7.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/776901/000077690125000263/0000776901-25-000263-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/776901/000077690125000263/indb-20250717.htm
  HTML page:      https://secwatch.observer/filing/0000776901-25-000263

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