Independent Bank (INDB) Tops Q2 EPS by 5c

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Go back to Independent Bank (INDB) Tops Q2 EPS by 5c

Independent Bank Corp. Reports Second Quarter Net Income of $31.1 Million

July 19, 2018 4:16 PM EDT

Performance Marked by Strong Profitability and Returns

ROCKLAND, Mass.--(BUSINESS WIRE)-- Independent Bank Corp. (Nasdaq Global Select Market: INDB), parent of Rockland Trust Company, today announced 2018 second quarter net income of $31.1 million, or $1.13 per diluted share, compared to net income of $27.6 million, or $1.00 per diluted share, reported in the prior quarter of 2018. Excluding merger and acquisition expenses incurred in the second quarter related to the pending MNB Bancorp ("MNB") merger announced on May 29, 2018, operating net income for the second quarter was $31.4 million, or $1.14 per diluted share. There... More