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Independent Bank Corp.: 2Q Earnings Snapshot

July 18, 2019

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.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on INDB at https://www.zacks.com/ap/INDB

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