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Independent Bank Corp.: 1Q Earnings Snapshot

ROCKLAND, Mass. (AP) _ Independent Bank Corp. (INDB) on Thursday reported first-quarter earnings of $35.2 million.

The bank, based in Rockland, Massachusetts, said it had earnings of $1.25 per share. Earnings, adjusted for costs related to mergers and acquisitions and pretax expenses, came to $1.30 per share.

The holding company for Rockland Trust posted revenue of $113.1 million in the period. Its revenue net of interest expense was $104.1 million, which fell short of Street forecasts.

Independent Bank Corp. shares have climbed 20 percent since the beginning of the year. In the final minutes of trading on Thursday, shares hit $84.35, a climb of 16 percent in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on INDB at https://www.zacks.com/ap/INDB