Independent Bank (INDB) Tops Q3 EPS by 2c

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Go back to Independent Bank (INDB) Tops Q3 EPS by 2c

Independent Bank Corp. Reports Third Quarter Operating Net Income of $18.6 Million

October 15, 2015 4:07 PM EDT

ROCKLAND, Mass.--(BUSINESS WIRE)-- Independent Bank Corp. (NASDAQ: INDB), parent of Rockland Trust Company, today announced 2015 third quarter net income of $18.6 million, or $0.71 per diluted share as compared to $17.5 million, or $0.67 per diluted share in the prior quarter. The second quarter of 2015 contained items which the Company considers non-core, such as merger and acquisition expenses, gains and losses on the sale of fixed income securities, and impairment on acquired facilities. The third quarter contained no such items. When excluding non-core items, net operating earnings for the third quarter of $18.6 million, or $0.71 per diluted share,... More