Independent Bank (INDB) Tops Q4 EPS by 4c

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Go back to Independent Bank (INDB) Tops Q4 EPS by 4c

Independent Bank Corp. Reports Fourth Quarter Net Income of $77.0 Million

January 19, 2023 4:15 PM EST

Completes a strong performance in 2022

ROCKLAND, Mass.--(BUSINESS WIRE)-- Independent Bank Corp. (Nasdaq Global Select Market: INDB), parent of Rockland Trust Company, today announced 2022 fourth quarter net income of $77.0 million, or $1.69 per diluted share, compared to 2022 third quarter net income of $71.9 million, or $1.57 per diluted share, driven primarily by continued net interest margin expansion combined with solid loan growth and higher fee income. Full year net income was $263.8 million, or $5.69 on a diluted earnings per share basis, an increase of $142.8 million, or 118.0%, as compared to the prior... More