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Article: Independent Bank Corp. Announces a 29% Increase in Fourth Quarter 2001 Net Operating Earnings; 21% Increase for the Year Ended December 31, 2001.
- Article from:
- Business Wire
- Article date:
- January 10, 2002
CopyrightCOPYRIGHT 2002 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Business Editors
ROCKLAND, Mass.--(BUSINESS WIRE)--Jan. 10, 2002
Independent Bank Corp., (NASDAQ: INDB), parent of Rockland Trust Company, today announced that net operating earnings for the fourth quarter of 2001 were $6.3 million, a 29.0% increase from the $4.9 million recorded in the final quarter of 2000. The Company also announced a 21.2% increase in net operating earnings to $21.1 million for the year ended December 31, 2001 compared to $17.4 million for the year ended December 31, 2000. Diluted earnings per share on an operating basis increased by 26.5% and 19.7% to $.43 and $1.46 for the quarter and year ended December 31, 2001, respectively, ...
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