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Earnings News

Independent Bank Corp. Q1 Profit Advances

By RTTNews Staff Writer   ✉   | Published:   | Follow Us On Google News

Independent Bank Corp. (INDB) released earnings for its first quarter that Increases, from last year

The company's earnings came in at $79.92 million, or $1.63 per share. This compares with $44.42 million, or $1.04 per share, last year.

Excluding items, Independent Bank Corp. reported adjusted earnings of $82.11 million or $1.68 per share for the period.

The company's revenue for the period rose 41.9% to $252.72 million from $178.05 million last year.

Independent Bank Corp. earnings at a glance (GAAP) :

-Earnings: $79.92 Mln. vs. $44.42 Mln. last year.
-EPS: $1.63 vs. $1.04 last year.
-Revenue: $252.72 Mln vs. $178.05 Mln last year.

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