secwatch.observer — SEC 8-K summary
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Issuer:     INDEPENDENT BANK CORP (INDB)
CIK:        0000776901
Form:       8-K
Filed at:   2026-10-15T20:14:26+00:00
Accession:  0000776901-26-000152
Event type: earnings
Sentiment:  positive
Materiality: 0.60
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4.1-flash:cloud@v2

Independent Bank Q3 2026 net income $89.7M, EPS $1.90, up 12% QoQ; NPLs rise on office loan
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- Net income $89.7M, or $1.90 diluted EPS, vs $81.8M/$1.70 in Q2 2026 and $34.3M/$0.69 (operating $77.4M/$1.55) a year ago; ROAA 1.42%, ROATCE 15.43%.
- NIM 3.89% (+4bp QoQ; adjusted 3.76% flat); net interest income $220.7M, up $9.7M; deposits $20.5B (+$135.3M, 0.7%) and loans $18.6B (+$158.2M, 0.9%).
- Nonperforming loans rose to $125.7M (0.68% of loans) from $103.6M, driven by one office real estate loan; provision $6.5M; delinquencies up 30bp to 0.73%.
- Repurchased ~679,000 shares for $57.4M at an average $84.60, leaving ~$93M under the $200M buyback plan adopted April 30, 2026.
- Q4 2026 guidance: reported NIM in low 3.90% range (incl. ~10bp purchase accretion benefit); expenses ex-conversion up low-single digits; core conversion costs $1.0-1.5M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/776901/000077690126000152/0000776901-26-000152-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/776901/000077690126000152/indb-20261015.htm
  HTML page:      https://secwatch.observer/filing/0000776901-26-000152

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