Independent Bank Corp. Reports First Quarter Net Income of $26.8 Million
Independent Bank Corp. (INDB)
Last independent bank corp. earnings: 4/23 04:10 pm
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US:NASDAQ Investor Relations:
independentbankgroup.gcs-web.com/investor-relations
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Source: Business Wire
Results reflect assumptions related to the Coronavirus Pandemic ROCKLAND, Mass.--(BUSINESS WIRE)--Independent Bank Corp. (Nasdaq Global Select Market: INDB), parent of Rockland Trust Company, today announced 2020 first quarter net income of $26.8 million, or $0.78 per diluted share, compared to net income of $47.5 million, or $1.38 per diluted share, reported in the fourth quarter of 2019. First quarter results were negatively impacted by an elevated provision for credit losses of $25.0 million, which was calculated under the Current Expected Credit Loss ("CECL") accounting standard which became effective January 1, 2020. Assumptions regarding the impact of the Coronavirus ("COVID-19") pandemic were the primary driver of the credit loss provision. Please refer to Appendix C for additional information regarding the Company's CECL implementation and Appendix E for details about loan exposures that potentially could be deemed "at risk" as a result of COVID-19.Rockland Trust has taken
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INDB
News
- Independent Bank (NASDAQ:INDB) was upgraded by analysts at Keefe, Bruyette & Woods from a "market perform" rating to an "outperform" rating. They now have a $83.00 price target on the stock.MarketBeat
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- Independent Bank (NASDAQ:INDB) Posts Q3 Sales In Line With Estimates [Yahoo! Finance]Yahoo! Finance
- Independent Bank Corp. Reports Third Quarter Net Income of $34.3 Million [Yahoo! Finance]Yahoo! Finance
- Independent Bank Corp. Reports Third Quarter Net Income of $34.3 MillionBusiness Wire
INDB
Earnings
- 10/16/25 - Beat
INDB
Sec Filings
- 12/4/25 - Form 4
- 12/3/25 - Form 144
- 11/24/25 - Form 4
- INDB's page on the SEC website