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

Independent Bank (Massachusetts)

19/01/2023 22:01

* Independent Bank Corp (Massachusetts)  INDB.OQ  reported
quarterly adjusted earnings of $1.69​​ per share for the quarter
ended in December. The mean expectation of four analysts for the
quarter was for earnings of $1.65 per share.
    * Revenue rose 62.3% to $188.32 million from a year ago;
analysts
expected $196.62 million. 
    * The mean earnings estimate of analysts had risen by
about 12.4%
in the last three months.​ 
    * In the last 30 days there have been no earnings estimate
revisions by analysts covering the company. 
    * Independent Bank Corp (Massachusetts) shares had fallen
by 5.7%
this quarter.
    * Wall Street's median 12-month price target for Independent
Bank
Corp (Massachusetts) is $100.00 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 1 "strong buy" or "buy," 3
"hold" and no "sell" or "strong sell." 

This summary was machine generated from Refinitiv data January
19 at 10:01 p.m.  ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2022      1.65           1.69           Beat
 Sep. 30 2022      1.42           1.57           Beat
 Jun. 30 2022      1.26           1.32           Beat
 Mar. 31 2022      1.26           1.23           Missed