HANOVER, Mass. (AP) — HANOVER, Mass. (AP) — Independent Bank Corp. (INDB) on Thursday reported second-quarter net income of $51.3 million.
The Hanover, Massachusetts-based bank said it had earnings of $1.21 per share.
The results exceeded Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $1.11 per share.
The holding company for Rockland Trust posted revenue of $244.2 million in the period. Its revenue net of interest expense was $170.3 million, also exceeding Street forecasts.
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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
