HANOVER, Mass. (AP) _ Independent Bank Corp. (INDB) on Thursday reported third-quarter profit of $51.8 million.
The Hanover, Massachusetts-based bank said it had earnings of $1.51 per share. Earnings, adjusted for non-recurring gains, were $1.50 per share.
The holding company for Rockland Trust posted revenue of $151.4 million in the period. Its revenue net of interest expense was $136.4 million, topping Street forecasts.
Independent Bank Corp. shares have increased nearly 8% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $75.80, a decrease of 5.5% in the last 12 months.