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Independent Bank Corp.: 3Q Earnings Snapshot

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.


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