Independent Bank Corp.'s adjusted profit per share fell from $0.84 to $0.80, but income from lending increased. Its HCB purchase is complete, though system integration is still underway, so the report points neither clearly up nor down.
The lower profit per share points to weaker results, but higher income from lending points the other way. The system change is still underway, so the report does not yet show how the purchase is working.
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