Independent Bank Q2 Adjusted Earnings, Revenue Rise

MT Newswires Live

07/17

Independent Bank (INDB) reported Q2 adjusted earnings late Thursday of $1.70 per diluted share, up from $1.25 a year earlier.

Analysts polled by FactSet expected $1.79.

Revenue, expressed as the sum of net interest income and total noninterest income, for the quarter ended June 30 rose to $253.3 million from $181.8 million a year earlier.

Analysts expected $258.4 million.

The company said it repurchased about 964,000 shares for $75 million during Q2.

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