Independent Bank reports Q4 EPS $1.18, consensus $1.16

Reports Q4 net interest income $144.7M vs. $141.7M last year. “Our employees continue to provide outstanding service to our clients, resulting in sustained improvement over many core elements of the bank,” said Jeffrey Tengel, the Chief Executive Officer of Independent Bank (INDB) Corp. and Rockland Trust Company. “Fourth quarter results were driven by a focus on our fundamentals, and we believe that we are well positioned to achieve profitability improvement through both net interest margin expansion and the pending acquisition of Enterprise.”