ITEM 2.02 RESULTS OF OPERATIONS AND FINANCIAL CONDITION

On January 20, 2022 Independent Bank Corp. (the "Company") announced by press release its earnings for the quarter ended December 31, 2021. A copy of the press release is attached hereto as Exhibit 99.1.

The information in this Item 2.02 (including Exhibit 99.1) is being furnished pursuant to Item 2.02 and shall not be deemed to be "filed" for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that section.

ITEM 8.01 OTHER EVENTS

On January 20, 2022 the Company also announced a stock buyback plan which authorizes repurchases by the Company of up to $140 million in common stock. The stock buyback plan was previously approved by the Company's Board of Directors, pending the receipt of non-objection from the Federal Reserve, which was received on January 19, 2022. Repurchases under the plan may be made from time to time on the open market and in privately negotiated transactions, including 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 repurchase plan is scheduled to expire January 18, 2023 and may be modified, suspended or discontinued without prior notice at any time. The Company had approximately 47.3 million shares of common stock outstanding as of December 31, 2021.




                   ITEM 9.01   FINANCIAL STATEMENTS AND EXHIBITS



d. The following exhibits are included with this Report:
Exhibit Index

Exhibit #                Exhibit Description
99.1                       Q4 2021 Earnings Press Release dated January 20, 2022
101                      The instance document does not appear in the interactive data file because
                         its XBRL tags are embedded within the inline XBRL document
104                      Cover page interactive data file (formatted as inline XBRL and contained
                         in Exhibit 101)

--------------------------------------------------------------------------------

© Edgar Online, source Glimpses