secwatch.observer — SEC 8-K summary
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Issuer:     INDEPENDENT BANK CORP (INDB)
CIK:        0000776901
Form:       8-K
Filed at:   2025-09-02T23:59:59+00:00
Accession:  0000776901-25-000291
Event type: other_material
Sentiment:  neutral
Materiality: 0.65
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

INDB presents updated Enterprise acquisition details and Q2 financials at Raymond James conference
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- Enterprise acquisition closed July 1; systems conversion mid-Oct; full cost saves by Q1 2026.
- Updated purchase accounting: loan mark $123M (down from $150M); TBV dilution (7.2%) vs prior (9.8%).
- Q2 GAAP EPS $1.20, operating EPS $1.25; core NIM stable at 3.37%.
- Nonperforming loans fell to $56.2M (0.39% of loans) from $89.5M in Q1; deposits grew $218M.
- Q3 NIM guidance: standalone +4-6 bps plus purchase accounting +17-20 bps; $150M buyback, $20.3M executed.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/776901/000077690125000291/0000776901-25-000291-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/776901/000077690125000291/indb-20250902.htm
  HTML page:      https://secwatch.observer/filing/0000776901-25-000291

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