Independent Bank Corp. (INDB), the parent of Rockland Trust Company, reported first-quarter net income of $12.2 million or $0.56 per share, up from $11.2 million or $0.52 per share in the same period last year.
On average, 5 analysts polled by Thomson Reuters expected the company to earn $0.50 per share. Analysts' estimates typically exclude one-time items
Net interest income for the quarter rose to $41.9 million from $41.5 million last year. Net interest margin was lower at 3.82%, compared to 4.02% last year.
Total non-interest income increased to $13.9 million from $12.6 in the prior-year quarter.
Four analysts polled by Thomson Reuters had a consensus revenue estimate of $55.63 million.
Provision for loan losses in the quarter declined to $1.6 million from $2.2 million last year.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.