Independent Bank (INDB) Tops Q1 EPS by 1c

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Go back to Independent Bank (INDB) Tops Q1 EPS by 1c

Independent Bank Corp. Reports First Quarter Net Income of $35.2 Million

April 18, 2019 4:10 PM EDT

Record Quarterly Earnings Led by Strong Fundamentals

ROCKLAND, Mass.--(BUSINESS WIRE)-- Independent Bank Corp. (Nasdaq Global Select Market: INDB), parent of Rockland Trust Company, today announced 2019 first quarter net income of $35.2 million, or $1.25 per diluted share, compared to net income of $29.9 million, or $1.07 per diluted share, reported in the fourth quarter of 2018. Excluding merger and acquisition expenses incurred in both quarters, operating net income was $36.7 million, or $1.30 per diluted share during the first quarter of 2019 compared to $35.9 million, or $1.29 per diluted share during the prior quarter.

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