Independent Bank (INDB) Tops Q1 EPS by 2c
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Independent Bank Corp. Reports First Quarter Operating Net Income of $19.1 Million
April 21, 2016 4:05 PM EDTROCKLAND, Mass.--(BUSINESS WIRE)-- Independent Bank Corp. (NASDAQ: INDB), parent of Rockland Trust Company, today announced 2016 first quarter net income of $18.6 million, or $0.71 per diluted share, as compared to $19.5 million, or $0.74 per diluted share, in the prior quarter. The first quarter net income contained items which the Company considers non-core, such as merger and acquisition expenses and loss on the extinguishment of debt. There were no such items for the prior quarter. On an operating basis, net income for the first quarter was $19.1 million, or $0.72 on a diluted earnings per share basis.
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