Independent Bank (NASDAQ:INDB) reported quarterly earnings of $1.70 per share which beat the analyst consensus estimate of $1.65 by 2.78 percent. This is a 40.5 percent increase over earnings of $1.21 per share from the same period last year. The company reported quarterly sales of $253.941 million which beat the analyst consensus estimate of $249.268 million by 1.87 percent. This is a 43.59 percent increase over sales of $176.852 million the same period last year.