Independent Bank Corp.: 2Q Earnings Snapshot
HANOVER, Mass. (AP) _ Independent Bank Corp. (INDB) on Thursday reported second-quarter net income of $30.6 million.
The Hanover, Massachusetts-based bank said it had earnings of 89 cents per share. Earnings, adjusted for costs related to mergers and acquisitions, came to $1.42 per share.
The holding company for Rockland Trust posted revenue of $150.8 million in the period. Its revenue net of interest expense was $134.7 million, topping Street forecasts.
Independent Bank Corp. shares have climbed slightly more than 4% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $73.32, a decline of slightly more than 8% in the last 12 months.