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Jun 30, 2022
Independent Bank Q2 2022 Earnings Report
Reported a net income of $61.8 million, driven by higher revenues.
Key Takeaways
Independent Bank Corp. reported a strong second quarter with a net income of $61.8 million, or $1.32 per diluted share. The performance was driven by higher revenues and disciplined growth, with solid results in loan and revenue growth, and a sound balance sheet.
Net income for the second quarter was $61.8 million, or $1.32 per diluted share.
Total assets reached $20.0 billion as of June 30, 2022.
Total loans increased to $13.7 billion, reflecting a 2.8% annualized growth rate.
Net interest income increased by 5.4% to $144.9 million compared to the prior quarter.
Forward Guidance
The press release does not contain specific forward guidance. Therefore, a response cannot be generated.
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