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Independent Bank Corp (INDB.OQ)

INDB.OQ on NASDAQ Stock Exchange Global Select Market

82.35USD
20 Jun 2018
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Latest Key Developments (Source: Significant Developments)

Independent Bank Corp And MNB Bancorp Sign Merger Agreement For Rockland Trust Co To Acquire The Milford National Bank And Trust Co
Tuesday, 29 May 2018 04:41pm EDT 

May 29 (Reuters) - Independent Bank Corp ::INDEPENDENT BANK CORP. AND MNB BANCORP SIGN MERGER AGREEMENT FOR ROCKLAND TRUST COMPANY TO ACQUIRE THE MILFORD NATIONAL BANK AND TRUST COMPANY.INDEPENDENT BANK CORP - TRANSACTION IS VALUED AT APPROXIMATELY $54.2 MILLION.INDEPENDENT BANK CORP - EACH SHARE OF MNB STOCK WILL BE EXCHANGED FOR EITHER 3.55 SHARES OF INDEPENDENT COMMON STOCK OR $275 IN CASH.INDEPENDENT BANK CORP - ANTICIPATES TRANSACTION WILL BE ACCRETIVE TO 2019 EARNINGS.INDEPENDENT BANK CORP - TRANSACTION IS INTENDED TO QUALIFY AS A TAX-FREE REORGANIZATION FOR FEDERAL INCOME TAX PURPOSES.INDEPENDENT BANK - INTENDS TO FUND CASH PORTION OF CONSIDERATION FROM INTERNAL SOURCES..INDEPENDENT BANK - DEAL INTENDED TO PROVIDE A TAX-FREE EXCHANGE FOR MNB SHAREHOLDERS WHO RECEIVE INDEPENDENT COMMON STOCK AS CONSIDERATION.INDEPENDENT BANK CORP - ANTICIPATES THAT ACQUISITION WILL BE APPROXIMATELY TEN CENTS ($0.10) ACCRETIVE TO ITS 2019 EARNINGS, EXCLUDING ONE-TIME COSTS.INDEPENDENT BANK - ANTICIPATES ISSUING ABOUT 528,375 SHARES OF COMMON STOCK AS PART OF DEAL.INDEPENDENT BANK - EACH SHARE OF MNB WILL BE EXCHANGED IN A WAY WHICH WILL RESULT IN AGGREGATE STOCK/CASH CONSIDERATION MIX OF 75% STOCK, 25% CASH.  Full Article

Independent Bank Corp. Announces A 19% Increase In The Quarterly Dividend
Thursday, 15 Mar 2018 04:10pm EDT 

March 15 (Reuters) - Independent Bank Corp ::. ANNOUNCES A 19% INCREASE IN THE QUARTERLY DIVIDEND.SETS QUARTERLY DIVIDEND OF $0.38PER SHARE.  Full Article

Independent Bank Q3 earnings per share $0.87
Thursday, 19 Oct 2017 04:15pm EDT 

Oct 19 (Reuters) - Independent Bank Corp ::Independent Bank Corp. reports third quarter net income of $23.9 million.Q3 earnings per share $0.87.Q3 earnings per share view $0.89 -- Thomson Reuters I/B/E/S.Independent Bank Corp - ‍net interest income for q3 increased 5.2 pct to $67.1 million compared to $63.8 million in prior quarter​.  Full Article

Independent Bank Corp reports Q2 earnings per share $0.75
Thursday, 20 Jul 2017 04:11pm EDT 

July 20 (Reuters) - Independent Bank Corp :Independent Bank Corp. reports second quarter net income of $20.6 million.Q2 earnings per share $0.75.Q2 earnings per share view $0.78 -- Thomson Reuters I/B/E/S.Q2 adjusted earnings per share $0.82.Says net interest income for q2 was $63.8 million, representing a $3.6 million, or 5.9%, increase over prior quarter.  Full Article

Independent Bank says co and Island Bancorp recieved all regulatory approvals relating to merger
Wednesday, 26 Apr 2017 05:09pm EDT 

April 26 (Reuters) - Independent Bank Corp ::Says co, Island Bancorp Inc reported that all regulatory approvals relating to merger have been received.Says merger is anticipated to close on or about may 12, 2017.  Full Article

Independent Bank Q1 earnings per share $0.76
Thursday, 20 Apr 2017 04:05pm EDT 

April 20 (Reuters) - Independent Bank Corp ::Independent Bank Corp. Reports first quarter net income of $20.7 million.Q1 earnings per share $0.76.Q1 earnings per share view $0.78 -- Thomson Reuters I/B/E/S.Q1 earnings per share $0.78 excluding items.Independent Bank Corp says net interest income for q1 was $60.2 million, representing a $1.4 million, or 2.5 pct, increase over prior quarter.  Full Article

Independent Bank Corp reports Q4 earnings per share $0.64
Thursday, 19 Jan 2017 04:11pm EST 

Independent Bank Corp - : Reports fourth quarter net income of $17.2 million . Q4 earnings per share $0.64 . Q4 earnings per share view $0.79 -- Thomson Reuters I/B/E/S . Q4 earnings per share $0.76 excluding items . Says net interest income for Q4 was $58.8 million, representing a $1.1 million, increase over prior quarter .Qtrly company's net interest margin decreased by four basis points from prior quarter to 3.36%.  Full Article

Independent Bank Q2 earnings per share $0.77
Thursday, 21 Jul 2016 04:15pm EDT 

Independent Bank Corp : Independent Bank Corp reports second quarter net income of $20.4 million . Q2 earnings per share $0.77 . Q2 earnings per share view $0.74 -- Thomson Reuters I/B/E/S .Net interest income for q2 was $56.5 million, representing a $1.6 million, or 3.0%, increase over prior quarter.  Full Article