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.