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Independent Bank Corp (INDB.OQ)

INDB.OQ on NASDAQ Stock Exchange Global Select Market

87.90USD
21 Sep 2018
Change (% chg)

$-2.05 (-2.28%)
Prev Close
$89.95
Open
$88.85
Day's High
$89.80
Day's Low
$87.50
Volume
240,297
Avg. Vol
36,539
52-wk High
$93.05
52-wk Low
$66.85

Latest Key Developments (Source: Significant Developments)

Independent Bank And Blue Hills Bancorp Sign Merger Agreement
Thursday, 20 Sep 2018 

Sept 20 (Reuters) - Independent Bank Corp ::INDEPENDENT BANK CORP. AND BLUE HILLS BANCORP, INC. SIGN MERGER AGREEMENT FOR ROCKLAND TRUST COMPANY TO ACQUIRE BLUE HILLS BANK.INDEPENDENT BANK - EACH BLUE HILLS BANCORP STOCKHOLDER TO GET 0.2308 OF A SHARE OF INDEPENDENT STOCK, $5.25 IN CASH FOR EACH SHARE OF BLUE HILLS BANCORP.INDEPENDENT BANK CORP - INDEPENDENT ANTICIPATES ISSUING APPROXIMATELY 6.2 MILLION SHARES OF ITS COMMON STOCK IN MERGER.INDEPENDENT BANK CORP - TRANSACTION IS VALUED AT APPROXIMATELY $726.5 MILLION.INDEPENDENT BANK CORP - ACQUISITION WILL BE ABOUT 4% ACCRETIVE TO 2019 EARNINGS PER SHARE, EXCLUDING ONE-TIME COSTS.INDEPENDENT BANK CORP - ANTICIPATES EXCLUDING ONE-TIME COSTS, ACQUISITION WILL BE ABOU T4.5% ACCRETIVE TO 2020 EARNINGS PER SHARE.INDEPENDENT BANK CORP - MERGER RELATED CHARGES ARE EXPECTED TO BE ABOUT $36.0 MILLION BEFORE TAX INCURRED IN 2018, 2019.INDEPENDENT BANK CORP - ESTIMATES DEAL TO GENERATE INTERNAL RATE OF RETURN OF ABOUT 16%, DEAL WILL BE NEUTRAL TO TANGIBLE BOOK VALUE PER SHARE.INDEPENDENT BANK CORP - BOARDS OF DIRECTORS OF EACH COMPANY HAVE UNANIMOUSLY APPROVED TRANSACTION.INDEPENDENT BANK CORP - DEAL INTENDED TO QUALIFY AS A TAX-FREE REORGANIZATION FOR FEDERAL INCOME TAX PURPOSES.INDEPENDENT BANK CORP - DEAL PROVIDES, EFFECTIVE AS OF AND CONTINGENT UPON MERGER, CO TO ADD 3 BLUE HILLS BANCORP DIRECTORS TO ITS BOARD.  Full Article

Independent Bank Corp Q1 Net Income $27.6 Million
Thursday, 19 Apr 2018 

April 19 (Reuters) - Independent Bank Corp ::INDEPENDENT BANK CORP REPORTS FIRST QUARTER NET INCOME OF $27.6 MILLION.Q1 EARNINGS PER SHARE $1.00.Q1 EARNINGS PER SHARE VIEW $1.05 -- THOMSON REUTERS I/B/E/S.Q4 OPERATING EARNINGS PER SHARE $0.89 EXCLUDING ITEMS.Q4 EARNINGS PER SHARE VIEW $0.89 -- THOMSON REUTERS I/B/E/S.NET INTEREST INCOME FOR Q1 INCREASED 0.9% TO $68.5 MILLION COMPARED TO $67.8 MILLION IN PRIOR QUARTER.  Full Article

Independent Bank Q4 Earnings Per Share $0.80
Thursday, 18 Jan 2018 

Jan 18 (Reuters) - Independent Bank Corp ::. REPORTS FOURTH QUARTER NET INCOME OF $22.1 MILLION.Q4 EARNINGS PER SHARE $0.80.Q4 EARNINGS PER SHARE VIEW $0.90 -- THOMSON REUTERS I/B/E/S.Q4 OPERATING EARNINGS PER SHARE $0.89 EXCLUDING ITEMS.- NET INTEREST INCOME FOR Q4 INCREASED 1.1% TO $67.8 MILLION COMPARED TO $67.1 MILLION IN PRIOR QUARTER.  Full Article

Independent Bank Q3 earnings per share $0.87
Thursday, 19 Oct 2017 

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 announces 10 pct increase in quarterly dividend
Thursday, 16 Mar 2017 

Independent Bank Corp : Independent bank corp. Announces a 10% increase in the quarterly dividend . Increases quarterly dividend by 10 percent to $0.32per share .Independent bank corp - a $0.32 per share dividend reflecting a 10% increase over current quarterly dividend of $0.29.  Full Article

BRIEF-Independent Bank Corp Q1 Net Income $27.6 Million

* INDEPENDENT BANK CORP REPORTS FIRST QUARTER NET INCOME OF $27.6 MILLION