Independent Bank Corp.: Q2 Earnings Snapshot

HANOVER, Mass. (AP) _ Independent Bank Corp. (INDB) on Thursday reported second-quarter net income of $37.6 million.

The bank, based in Hanover, Massachusetts, said it had earnings of $1.14 per share. Earnings, adjusted for costs related to mergers and acquisitions, came to $1.17 per share.

The holding company for Rockland Trust posted revenue of $121.7 million in the period. Its revenue net of interest expense was $118.3 million, falling short of Street forecasts.

Independent Bank Corp. shares have declined nearly 6% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $68.70, an increase of roughly 4% in the last 12 months.


This story was generated by Automated Insights ( using data from Zacks Investment Research. Access a Zacks stock report on INDB at