Compass Point Upgrades Independent Bank (INDB) to Buy

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Go back to Compass Point Upgrades Independent Bank (INDB) to Buy

Independent Bank Corp. Reports Fourth Quarter Operating Net Income of $19.5 Million

January 21, 2016 4:13 PM EST

Record Operating Earnings Per Share in 2015 of $2.76

ROCKLAND, Mass.--(BUSINESS WIRE)-- Independent Bank Corp. (NASDAQ: INDB), parent of Rockland Trust Company, today announced 2015 fourth quarter net income of $19.5 million, or $0.74 per diluted share, as compared to $18.6 million, or $0.71 per diluted share in the prior quarter. Net income for the full year was $65.0 million, or $2.50 on a diluted earnings per share basis, as compared to $59.8 million, or $2.49 on a diluted earnings per share basis in the prior year. The full year net income contained items which the Company... More