Total assets of $8.1B at March 31, 2018 increased by $8.4M, or 0.1%, from the prior quarter and by $352.3M, or 4.6%, as compared to the year ago period, inclusive of the 2017 second quarter Island Bancorp, Inc. acquisition. "During the first quarter of 2018 Rockland Trust Company set another quarterly earnings per share record and delivered a strong return on both assets and equity for our shareholders," said Christopher Oddleifson, the Chief Executive Officer of Independent Bank Corp. and Rockland Trust Company. "Our increasing net interest margin is a direct result of loan and deposit pricing strategies implemented to prepare for a rising interest rate environment, and asset quality remains pristine as we continue our disciplined approach to loan origination, underwriting, and approval. Our strong financial performance is the outcome created by the Rockland Trust Cycle Of Engagement, in which my engaged colleagues forge enduring relationships with an increasing number of engaged, loyal customers."
