Independent Bank (INDB) Tops Q3 EPS by 5c
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Independent Bank Corp. Reports Third Quarter Net Income of $60.8 Million
October 19, 2023 4:15 PM EDTFranchise strength drives performance in challenging environment
ROCKLAND, Mass.--(BUSINESS WIRE)-- Independent Bank Corp. (Nasdaq Global Select Market: INDB), parent of Rockland Trust Company, today announced 2023 third quarter net income of $60.8 million, or $1.38 per diluted share, compared to 2023 second quarter net income of $62.6 million, or $1.42 per diluted share.
The Company generated a return on average assets and a return on average common equity of 1.25% and 8.35%, respectively, for the third quarter of 2023, as compared to 1.29% and 8.78%, respectively, for the prior quarter.
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