HANOVER, Mass. (AP) — HANOVER, Mass. (AP) — Independent Bank Corp. (INDB) on Thursday reported third-quarter profit of $60.8 million.
The bank, based in Hanover, Massachusetts, said it had earnings of $1.38 per share.
The results beat Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $1.33 per share.
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The holding company for Rockland Trust posted revenue of $236.5 million in the period. Its revenue net of interest expense was $183.4 million, which also beat 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