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Independent Bank (NASDAQ: INDB) unveils $200M stock repurchase plan

Filing Impact
(Moderate)
Filing Sentiment
(Neutral)
Form Type
8-K

Rhea-AI Filing Summary

Independent Bank Corp. announced that its board authorized a new stock buyback plan effective April 30, 2026, permitting repurchases of up to $200 million of common stock. This new authorization is expected to begin after completing the July 2025 plan, which has about $10.5 million remaining.

Repurchases may occur over time in open-market trades, privately negotiated deals, or through Rule 10b5-1 trading plans, giving the company flexibility in how it executes the program. The authorization runs through April 29, 2027 and can be modified, suspended, or discontinued at any time based on pricing, market conditions, capital levels, retained earnings, and legal or contractual limits.

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Insights

Independent Bank adds a flexible $200M repurchase tool without fixed commitments.

Independent Bank Corp. received board approval for a stock buyback plan authorizing up to $200 million of common stock repurchases, effective April 30, 2026. The plan follows a July 2025 authorization that still has about $10.5 million available.

Repurchases can be made via open‑market transactions, privately negotiated deals, or Rule 10b5-1 trading plans, providing multiple execution methods. The bank explicitly ties activity to pricing, market and economic conditions, its capital position and retained earnings, and legal or contractual constraints, so actual usage may vary.

The authorization runs through April 29, 2027 and may be modified, suspended, or ended without notice. This makes the program a discretionary capital management option rather than a firm commitment, and its eventual impact will depend on how aggressively management chooses to repurchase shares.

Item 8.01 Other Events Other
Voluntary disclosure of events the company deems important to shareholders but not covered by other items.
Item 9.01 Financial Statements and Exhibits Exhibits
Financial statements, pro forma financial information, and exhibit attachments filed with this report.
New buyback authorization $200 million Maximum common stock repurchases under plan effective April 30, 2026
Remaining prior buyback $10.5 million Approximate capacity left under July 2025 repurchase plan
Plan effective date April 30, 2026 Start date of new stock buyback authorization
Plan expiry date April 29, 2027 Scheduled expiration of new buyback plan
Trading plans framework Rule 10b5-1 Potential structure for systematic repurchases under the plan
stock buyback plan financial
"The Company announced that its Board of Directors has authorized a stock buyback plan"
Rule 10b5-1 regulatory
"through the use of trading plans intended to qualify under Rule 10b5-1 under the Exchange Act"
Rule 10b5-1 is a regulation that allows company insiders to buy or sell their shares at predetermined times, even if they have access to non-public information. It acts like setting a schedule in advance for transactions, helping prevent accusations of unfair trading. This rule provides a way for insiders to plan trades transparently, giving investors confidence that these transactions are not based on hidden information.
open market financial
"Repurchases may be made from time to time on the open market and in privately negotiated transactions"
An open market is a system where buying and selling of goods, services, or financial assets happen freely without restrictions or special controls. For investors, it means they can trade assets easily and quickly, which helps determine fair prices based on supply and demand. This environment encourages transparency and competition, making it easier to buy or sell with confidence.
privately negotiated transactions financial
"Repurchases may be made from time to time on the open market and in privately negotiated transactions"
Privately negotiated transactions are deals made directly between parties without involving a public marketplace or open auction. They are like private sales between two individuals rather than items sold at a busy marketplace open to everyone. For investors, these transactions can offer more tailored terms and privacy, but they may also carry different risks and less transparency compared to public exchanges.
Understanding 8-K Material Events →
8-K4/30/2026INDEPENDENT BANK CORP.Massachusetts1-9047781878-61000000776901false00007769012026-04-302026-04-300000776901dei:MailingAddressMember2026-04-302026-04-30

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM 8-K

Current Report Pursuant to Section 13 or 15 (d) of
The Securities and Exchange Act of 1934

DATE OF REPORT:
April 30, 2026
(Date of Earliest Event Reported)

Massachusetts
(State or Other Jurisdiction of Incorporation)
1-904704-2870273
(Commission File Number)(I.R.S. Employer identification No.)
INDEPENDENT BANK CORP.
Office Address:2036 Washington Street,Hanover,Massachusetts02339
Mailing Address:288 Union Street,Rockland,Massachusetts02370
(Address of principal executive offices, including zip code)

NOT APPLICABLE
(Former Address of Principal Executive Offices)

(781)-878-6100
(Registrant’s Telephone Number, Including Area Code)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
☐Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Securities registered pursuant to Section 12(b) of the Act:
Title of each ClassTrading SymbolName of each exchange on which registered
Common Stock, $0.01 par value per shareINDBNASDAQ Global Select Market

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act (17CFR 230.405)) or Rule 12b-2 of the Exchange Act (17CFR 240.12b-2).
Emerging growth company☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange
Act. ☐







ITEM 8.01OTHER EVENTS

The Company announced that its Board of Directors has authorized a stock buyback plan, effective April 30, 2026, under which the Company may repurchase up to $200 million of its common stock. Repurchases under the plan are expected to commence after the Company completes its stock buyback plan adopted in July 2025, under which approximately $10.5 million remains outstanding. Repurchases may be made from time to time on the open market and in privately negotiated transactions, and through the use of trading plans intended to qualify under Rule 10b5-1 under the Exchange Act. The extent to which the Company repurchases shares and the size and timing of these repurchases will depend on a variety of factors, including pricing, market and economic conditions, the Company’s capital position and amount of retained earnings and legal and contractual requirements. The stock buyback plan is scheduled to expire on April 29, 2027 and may be modified, suspended or discontinued without prior notice at any
time.

ITEM 9.01
FINANCIAL STATEMENTS AND EXHIBITS

d. The following exhibits are included with this Report:
Exhibit Index
Exhibit #Exhibit Description
104Cover page interactive data file (embedded within the Inline XBRL document).


















SIGNATURE

Pursuant to the requirements of the Securities and Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned and hereunto duly authorized.
INDEPENDENT BANK CORP.
Date:May 1, 2026By:/s/Mark J. Ruggiero
MARK J. RUGGIERO
CHIEF FINANCIAL OFFICER





















Source: View Original Filing on SEC EDGAR

FAQ

What did Independent Bank Corp. (INDB) announce in this 8-K?

Independent Bank Corp. announced board approval of a new stock buyback plan authorizing repurchases of up to $200 million of common stock. The plan is discretionary and provides flexibility in timing and methods of future share repurchases over its authorization period.

How large is Independent Bank Corp.’s new stock buyback plan?

The new stock buyback plan authorizes Independent Bank Corp. to repurchase up to $200 million of its common stock. This authorization supplements an existing July 2025 plan, under which approximately $10.5 million of capacity remained at the time of this disclosure.

When will Independent Bank Corp. (INDB) start repurchasing shares under the new plan?

Repurchases under the new plan are expected to start after Independent Bank Corp. completes its July 2025 stock buyback plan. That earlier authorization still had about $10.5 million remaining, and the company intends to use the new plan once that capacity is exhausted.

What methods can Independent Bank Corp. use to execute its $200 million buyback?

Independent Bank Corp. may repurchase shares on the open market, in privately negotiated transactions, and through trading plans designed to qualify under Rule 10b5-1. These options allow repurchases to occur gradually and systematically, subject to market conditions and regulatory requirements.

How long will Independent Bank Corp.’s new stock repurchase plan remain in effect?

The new stock repurchase plan is scheduled to remain in effect until April 29, 2027. The company, however, retains the ability to modify, suspend, or discontinue the program at any time without prior notice, depending on business, market, or regulatory considerations.

What factors will influence Independent Bank Corp.’s actual share repurchases under this plan?

The scale and timing of share repurchases will depend on pricing, overall market and economic conditions, Independent Bank Corp.’s capital position, the level of retained earnings, and applicable legal or contractual requirements. These factors will guide management’s discretion in using the authorization.

Filing Exhibits & Attachments

4 documents

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