Independent Bank (INDB) Tops Q2 EPS by 6c
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Independent Bank Corp. Reports Second Quarter Net Income of $62.6 Million
July 20, 2023 4:15 PM EDTSolid performance reflects strong business fundamentals
ROCKLAND, Mass.--(BUSINESS WIRE)-- Independent Bank Corp. (Nasdaq Global Select Market: INDB), parent of Rockland Trust Company, today announced 2023 second quarter net income of $62.6 million, or $1.42 per diluted share, compared to 2023 first quarter net income of $61.2 million, or $1.36 per diluted share. Second quarter results were driven by healthy loan volumes, strong fee income, and disciplined expense management.
The Company generated a return on average assets and a return on average common equity of 1.29% and 8.78%, respectively, for the second quarter of 2023, as compared to... More
