ROCKLAND, Mass. (AP) — ROCKLAND, Mass. (AP) — Independent Bank Corp. (INDB) on Thursday reported first-quarter earnings of $47.8 million.
The Rockland, Massachusetts-based bank said it had earnings of $1.12 per share.
The results missed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $1.15 per share.
The holding company for Rockland Trust posted revenue of $238 million in the period. Its revenue net of interest expense was $167.4 million, also missing Street forecasts.
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