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Independent Bank Corp.: 2Q Earnings Snapshot

ROCKLAND, Mass. (AP) _ Independent Bank Corp. (INDB) on Thursday reported second-quarter net income of $24.9 million.

The bank, based in Rockland, Massachusetts, said it had earnings of 76 cents per share.

The holding company for Rockland Trust posted revenue of $128.2 million in the period. Its revenue net of interest expense was $119.3 million, which did not meet Street forecasts.

Independent Bank Corp. shares have decreased 19% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $67.58, a fall of nearly 9% 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