HANOVER, Mass. (AP) — HANOVER, Mass. (AP) — Independent Bank Corp. (INDB) on Thursday reported third-quarter profit of $34.3 million.
The bank, based in Hanover, Massachusetts, said it had earnings of 69 cents per share. Earnings, adjusted for non-recurring costs, came to $1.55 per share.
The results topped Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $1.54 per share.
The holding company for Rockland Trust posted revenue of $335.2 million in the period. Its revenue net of interest expense was $243.7 million, also exceeding Street forecasts.
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