Independent Bank (INDB) Misses Q4 EPS by 1c

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Go back to Independent Bank (INDB) Misses Q4 EPS by 1c

Independent Bank Corp. Reports Fourth Quarter Net Income of $47.5 Million

January 16, 2020 4:10 PM EST

Record earnings achieved again in 2019

ROCKLAND, Mass.--(BUSINESS WIRE)-- Independent Bank Corp. (Nasdaq Global Select Market: INDB), parent of Rockland Trust Company, today announced 2019 fourth quarter net income of $47.5 million, or $1.38 per diluted share, compared to net income of $51.8 million, or $1.51 per diluted share, reported in the third quarter of 2019. On an operating basis, 2019 third quarter net income was $51.7 million, or $1.50 per diluted share, which excluded a gain on sale of residential loans and merger and acquisition expenses. There were no non-operating items included in the fourth... More