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Independent Bank Corp.: 4Q Earnings Snapshot

HANOVER, Mass. (AP) _ Independent Bank Corp. (INDB) on Thursday reported fourth-quarter profit of $29.9 million.

The Hanover, Massachusetts-based bank said it had earnings of $1.07 per share. Earnings, adjusted for one-time gains and costs, were $1.29 per share.

The holding company for Rockland Trust posted revenue of $111.4 million in the period. Its revenue net of interest expense was $103.8 million, which topped Street forecasts.

For the year, the company reported profit of $121.6 million, or $4.40 per share. Revenue was reported as $386.7 million.

Independent Bank Corp. shares have risen slightly more than 6 percent since the beginning of the year. In the final minutes of trading on Thursday, shares hit $74.72, a climb of 1 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