Rockland Trust parent company reports $165M profit in 2019

ROCKLAND TRUST'S parent company reported a profit of $27 million in the first quarter of 2020. / COURTESY ROCKLAND TRUST CO.
ROCKLAND TRUST'S parent company reported a profit of $27 million in the first quarter of 2020. / COURTESY ROCKLAND TRUST CO.
ROCKLAND, Mass. – Independent Bank Corp, the parent company for Massachusetts-based Rockland Trust Co., brought in a $165.2 million profit in 2019, a 35.8% increase, or $43.6 million, over 2018, the company reported last week. Earnings per diluted share rose 14.3%, from $4.40 at the end of 2018 to $5.03 as of Dec. 31. Year-end…

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