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INDEPENDENT BANK CORP . Parent of Rockland Trust 1 Independent Bank Corp. Reports Second Quarter Net Income of $ 37.6 Million 7/22/2021 Business fundamentals remain strong ROCKLAND , Mass .-- ( BUSINESS WIRE ) -- Independent Bank Corp. ( Nasdaq Global Select Market : INDB ) , parent of Rockland Trust Company , today announced 2021 second quarter net income of $ 37.6 million , or $ 1.14 per diluted share , compared to net income of $ 41.7 million , or $ 1.26 per diluted share , reported for the first quarter of 2021 . Second quarter results included merger related costs of $ 1.7 million associated with the acquisition of Meridian Bancorp Inc. ( " Meridian " ) and its subsidiary East Boston Savings Bank , which is expected to close in the fourth quarter of 2021. Excluding these merger - related costs , net of tax , operating net income was $ 38.8 million , or $ 1.17 per diluted share , for the second quarter of 2021. Please refer to " Reconciliation of Net Income ( GAAP ) to Operating Net Income ( Non - GAAP ) " below for a reconciliation of net income to operating net income . " Our core fundamentals are strong and we are well - positioned to continue to take advantage of growth opportunities as the local economy continues to re - adjust post - pandemic , " said Christopher Oddleifson , the Chief Executive Officer of Independent Bank Corp. and Rockland Trust Company . " We have been hard at work on our previously announced merger with Meridian Bancorp./East Boston Savings Bank and are excited about the possibilities the transaction represents for our future . I continue to be inspired by the dedication and effort of my colleagues , and their collective commitment to our customers , the communities we serve , and to each other as we live out our mission of being the bank Where Each Relationship MattersⓇ . " BALANCE SHEET Total assets of $ 14.2 billion at June 30 , 2021 increased by $ 420.3 million , or 3.1 % , from the prior quarter , and by