NEW YORK — Shares of Independent Bank Corp. rose nearly 5% on Friday after the parent company of Massachusetts-based Rockland Trust reported third-quarter earnings that topped Wall Street expectations.

Independent Bank shares were up $3.74, or 4.85%, at $80.82 in late-morning trading on the Nasdaq. The company has a market value of about $3.8 billion.

The bank reported third-quarter net income of $89.7 million, or $1.90 per diluted share, up from $81.8 million, or $1.70 per share, in the second quarter and $34.3 million, or 69 cents, a year........

© International Business Times