secwatch.observer — SEC 8-K summary
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Issuer:     INDEPENDENT BANK CORP (INDB)
CIK:        0000776901
Form:       8-K
Filed at:   2025-11-03T23:59:59+00:00
Accession:  0000776901-25-000304
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Independent Bank Corp. reports Q3 2025 operating EPS $1.55; margin expands 25 bps to 3.62%
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- GAAP net income $34.3M ($0.69 EPS); operating net income $77.4M ($1.55 EPS) reflecting Enterprise acquisition impact.
- Net interest margin rose to 3.62% (adjusted 3.54%) from 3.37% in Q2; total loans flat at $18.5B.
- Enterprise Bancorp acquisition closed July 1; system conversion done; cost saves on track.
- Loan loss provision of $38.5M includes $34.5M for acquired Enterprise loans; NPLs $86.6M (0.47% of loans).
- Capital strong: CET1 12.84%; TBV per share $46.63; repurchased 494K shares for $32.1M in Q3 and Q4-to-date.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/776901/000077690125000304/0000776901-25-000304-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/776901/000077690125000304/indb-20251103.htm
  HTML page:      https://secwatch.observer/filing/0000776901-25-000304

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