Item 5.02 - Regulation FD Disclosure: Filing contains a Raymond James investor presentation by Independent Bank Corp., filed on September 8, 2026 Company Information: Independent Bank Corp. is a Massachusetts-incorporated state commercial bank with principal offices in Hanover, MA and mailing address in Rockland, MA; trades under ticker symbol INDB on an exchange Filing Type and Purpose: This is…

Our analysis rates this filing NEUTRAL. Independent Bank Corp presents a MODERATE concern profile reflecting a stable regional bank navigating sector-level and macro headwinds without material company-specific adverse events. The three identified risks are legitimate but manageable: (1) CRE office…

Concern level: ELEVATED (4.2/10). Key factors: CRE office portfolio concentration ($1.024B, 10.9% of CRE) in structurally challenged sector - severity 5/10, though well-managed with 60.4% maturing 2029+ and minimal nonperforming exposure; Deposit cost inflation accelerating (1.58% in Q2 2026 vs 1.46% YoY) with slowing deposit growth (1.5% linked-quarter) creating potential NIM compression…

Notable risk changes: CRE Office Portfolio Concentration Disclosed: Bank explicitly highlights $1.024B office exposure (10.9% of CRE) with detailed maturity schedule and credit ratings. This represents transparent acknowledgment of sector headwinds, though portfolio appears well-managed with 60.4% maturing 2029+ and minimal nonperforming exposure.; Deposit Cost Inflation Evident: Cost of deposits increased 12 bps…