Independent Bank Corp (Massachusetts) reports results for the quarter ended in December - Earnings Summary

Independent Bank (Massachusetts)

21/01/2022 12:00

* Independent Bank Corp (Massachusetts)  INDB.OQ  reported
quarterly adjusted earnings of $1.63​​ per share for the quarter
ended in December. The mean expectation of four analysts for the
quarter was for earnings of $1.10 per share.
    * Revenue rose 20.1% to $142.80 million from a year ago; 
analysts
expected $141.16 million. 
    * Independent Bank Corp (Massachusetts)'s reported EPS for
the
quarter was 4 cents​.
    * The mean earnings estimate of analysts had risen by
about 3.3%
in the last three months.​ 
    * In the last 30 days there have been no negative revisions
of
earnings estimates 
    * Independent Bank Corp (Massachusetts) shares had fallen
by 2.0%
this quarter.
    * The company reported quarterly net income of $1.7 million.
    * Wall Street's median 12-month price target for Independent
Bank
Corp (Massachusetts) is $91.50 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 3 "strong buy" or "buy," 1
"hold" and no "sell" or "strong sell." 

This summary was machine generated January 21 at 12:00 p.m.
 ​All figures in US dollars unless otherwise stated