Independent Bank (INDB) Tops Q2 EPS by 5c

Independent Bank (NASDAQ: INDB) reported Q2 EPS of $1.14, $0.05 better than the analyst estimate of $1.09.

“Loans, deposits, and interest and fee income all increased during the second quarter of 2018 due to our focus on disciplined growth,” said Christopher Oddleifson, the Chief Executive Officer of Independent Bank Corp. and Rockland Trust Company. “Rockland Trust also announced the signing of a merger agreement with The Milford National Bank and Trust Company during the second quarter, a transaction which is anticipated to close later this year and will help expand our Worcester County presence. Our consistency and strong financial performance is a direct result of the tireless efforts of my talented colleagues to serve our customers and strengthen the communities in which we work and live.”

For earnings history and earnings-related data on Independent Bank (INDB) click here.

You May Also Be Interested In

• NVE Corporation names new CEO and expands board to seven members
• Robinhood prices $2B convertible notes offering due 2029
• Primoris cuts 2026 outlook on renewables cost overruns, COO exits