Independent Bank Corp (Michigan) reports results for the quarter ended in March - Earnings Summary

Independent Bank

27/04/2021 18:59

* Independent Bank Corp (Michigan)  IBCP.OQ  reported quarterly
adjusted earnings of $1.00​​ per share for the quarter ended
in March. The mean expectation of six analysts for the quarter
was for earnings of 58 cents per share.
* Revenue rose 0.3% to $30.28 million from a year ago​; 
analysts expected $31.41 million.
* Independent Bank Corp (Michigan)'s reported EPS for the
quarter was $1.00​.
* The mean earnings estimate of analysts had risen by
about 16.9% in the last three months.​ 
* In the last 30 days there have been no negative revisions of
earnings estimates and  
* Independent Bank Corp (Michigan) shares had fallen by 2.6%
this quarter and gained 24.7% so far this year.
* The company reported quarterly net income of $22.04 million.
* Wall Street's median 12-month price target for Independent
Bank Corp (Michigan) is $25.00 
* The current average analyst rating on the shares is "hold" and
the breakdown of recommendations is 2 "strong buy" or "buy," 4
"hold" and no "sell" or "strong sell." 
This summary was machine generated April 27 at 05:59 p.m. GMT.
​All figures in US Dollars.​