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Independent Bank Corp.: 3Q Earnings Snapshot

HANOVER, Mass. (AP) _ Independent Bank Corp. (INDB) on Thursday reported third-quarter earnings of $33 million.

The Hanover, Massachusetts-based bank said it had earnings of $1.20 per share. Earnings, adjusted for costs related to mergers and acquisitions, were $1.27 per share.

The holding company for Rockland Trust posted revenue of $106.1 million in the period. Its revenue net of interest expense was $99.5 million, which topped Street forecasts.

Independent Bank Corp. shares have risen 16 percent since the beginning of the year. In the final minutes of trading on Thursday, shares hit $81.30, a climb of 10 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