Independent Bank (INDB) - 2024 Q1 - Quarterly Results
Independent Bank (US:INDB)2024-04-18 20:17Noninterest expense of $99.9 million for the first quarter of 2024 represented a decrease of $860,000, or 0.9%, as compared to the prior quarter. Significant changes in noninterest expense for the first quarter compared to the prior quarter included the following: • FDIC assessment decreased $1.0 million, or 24.4%, from the prior quarter, driven primarily by the FDIC special assessment recognized by the Company. The first quarter provision for credit losses was $5.0 million as compared to $5.5 million for t ...