Independent Bank Corp Q2 Profit Rises - Quick Facts

(RTTNews) - Independent Bank Corp., (INDB) Thursday reported second-quarter profit of $12.76 million or $0.56 per share, up from $8.87 million or $0.41 per share in the same period last year.

Operating earnings for the quarter was $13.2 million or $0.58 per share. On average, four analysts polled by Thomson Reuters expected the company to earn $0.59 per share for the quarter. Analysts' estimates typically exclude special items.

Net-interest income increased to $45.62 million from $42.63 million last year. Non-interest income totaled $16.69 million, up from $14.98 million last year.