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

Independent Bank

27/10/2021 08:29

* Independent Bank Corp (Michigan)  IBCP.OQ  reported quarterly
adjusted earnings of 73 cents​​ per share for the quarter ended
in September. The mean expectation of six analysts for the
quarter was for earnings of 63 cents per share.
* Revenue rose 5.7% to $33.80 million from a year ago;  analysts
expected $31.64 million. 
* Independent Bank Corp (Michigan)'s reported EPS for the
quarter was 73 cents​.
* The mean earnings estimate of analysts had risen by about 3.6%
in the last three months.​ 
* In the last 30 days there have been no negative revisions of
earnings estimates 
* Independent Bank Corp (Michigan) shares had risen by 2.5% this
quarter and gained 19.2% so far this year.
* The company reported quarterly net income of $15.96 million.
* Wall Street's median 12-month price target for Independent
Bank Corp (Michigan) is $24.00 
* 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 October 27 at 07:29 a.m.
 ​All figures in US dollars unless otherwise stated