Independent Bank (INDB) Tops Q4 EPS by 9c

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Go back to Independent Bank (INDB) Tops Q4 EPS by 9c

Independent Bank Corp. Reports Fourth Quarter Net Income of $29.9 Million

January 17, 2019 4:15 PM EST

Record Earnings in 2018 driven by Strong Top-Line Growth

ROCKLAND, Mass.--(BUSINESS WIRE)-- Independent Bank Corp. (Nasdaq Global Select Market: INDB), parent of Rockland Trust Company, today announced 2018 fourth quarter net income of $29.9 million, or $1.07 per diluted share, compared to net income of $33.0 million, or $1.20 per diluted share, reported in the prior quarter of 2018. Excluding merger and acquisition expenses incurred in the fourth and third quarters of 2018 related to the MNB Bancorp ("MNB") merger which closed in November 2018 and the Blue Hills Bancorp ("BHB") merger announced on September 20, 2018, operating... More