secwatch.observer — SEC 8-K summary
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Issuer:     INDEPENDENT BANK CORP (INDB)
CIK:        0000776901
Form:       8-K
Filed at:   2025-12-15T23:59:59+00:00
Accession:  0000776901-25-000313
Event type: other_material
Sentiment:  neutral
Materiality: 0.60
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

INDB Q3 2025 operating EPS $1.55; Enterprise acquisition integrated; $150M buyback active
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- Q3 2025 net income $34.3M GAAP ($0.69 diluted EPS); operating net income $77.4M ($1.55 diluted EPS).
- Net interest margin rose to 3.62% from 3.29% a year ago; loan loss provision included $34.5M from acquired Enterprise portfolio.
- Enterprise Bancorp closed July 1; acquired $5.1B assets, $3.9B loans, $4.4B deposits; cost saves ~50% realized.
- $150M share repurchase program announced July 2025; 365K shares repurchased in Q3, 548K in Q4 through Dec 12.
- Tangible book value $46.63 per share; nonperforming loans $86.6M (0.47% of total loans); criticized loans $518.9M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/776901/000077690125000313/0000776901-25-000313-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/776901/000077690125000313/indb-20251215.htm
  HTML page:      https://secwatch.observer/filing/0000776901-25-000313

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