Independent Bank (INDB) Reports Q1 EPS of $0.78

Independent Bank (NASDAQ: INDB) reported Q1 EPS of $0.78, may not compare to the analyst estimate of $1.19.

• First quarter results were negatively impacted by an elevated provision for credit losses of $25.0 million, which was calculated under the Current Expected Credit Loss ("CECL") accounting standard which became effective January 1, 2020.

For earnings history and earnings-related data on Independent Bank (INDB) click here.

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