Independent Bank (INDB) Tops Q3 EPS by 7c

Independent Bank (NASDAQ: INDB) reported Q3 EPS of $1.27, $0.07 better than the analyst estimate of $1.20.

“Rockland Trust continued to grow during the third quarter, as loans increased and our net interest margin continued to expand,” said Christopher Oddleifson, the Chief Executive Officer of Independent Bank Corp. and Rockland Trust Company. “We also recently announced the signing of an agreement to acquire Blue Hills Bank, a transaction which will improve Rockland Trust’s presence in overlapping and adjacent markets and permit us to expand onto Nantucket Island upon its anticipated closing in the first half of 2019. Our ongoing success is a testament to the hard work of my talented colleagues and the enduring relationships they forge with each other and with the customers and communities that Rockland Trust serves.”

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

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