Independent Bank Corp. Reports First Quarter Net Income of $26.8 Million

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Go back to Independent Bank Corp. Reports First Quarter Net Income of $26.8 Million

Independent Bank (INDB) Reports Q1 EPS of $0.78

April 23, 2020 4:26 PM EDT

Independent Bank (NASDAQ: INDB) reported Q1 EPS of $0.78, may not compare to the analyst estimate of $1.19.

First quarter results were negatively impacted by an elevated provision for credit losses of $25.0 million, which was calculated under the Current Expected Credit Loss ("CECL") accounting standard which... More