AP NEWS

Independent Bank Corp.: 4Q Earnings Snapshot

January 16, 2020 GMT

HANOVER, Mass. (AP) _ Independent Bank Corp. (INDB) on Thursday reported fourth-quarter earnings of $47.5 million.

The Hanover, Massachusetts-based bank said it had earnings of $1.38 per share.

The holding company for Rockland Trust posted revenue of $147 million in the period. Its revenue net of interest expense was $133.3 million, surpassing Street forecasts.

For the year, the company reported profit of $165.2 million, or $5.03 per share. Revenue was reported as $508.4 million.

Independent Bank Corp. shares have fallen 2% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $81.47, an increase of 11% in the last 12 months.

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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