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

Independent Bank (Massachusetts)

22/07/2022 14:30

* Independent Bank Corp (Massachusetts)  INDB.OQ  reported
quarterly adjusted earnings of $1.32​​ per share for the quarter
ended in June. The mean expectation of three analysts for the
quarter was for earnings of $1.26 per share.
    * Revenue rose 46% to $172.76 million from a year ago;
analysts
expected $168.93 million. 
    * Independent Bank Corp (Massachusetts)'s reported EPS for
the
quarter was $1.32​.
    * The mean earnings estimate of analysts had risen by
about 1.1%
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 risen
by 2.8%
this quarter and gained 0.1% so far this year.
    * The company reported quarterly net income of $61.78
million.
    * Wall Street's median 12-month price target for Independent
Bank
Corp (Massachusetts) is $105.00 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 2 "strong buy" or "buy," 1
"hold" and no "sell" or "strong sell." 

This summary was machine generated from Refinitiv data July 22
at 01:30 p.m.  ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2022      1.26           1.32           Beat
 Mar. 31 2022      1.26           1.23           Missed
 Dec. 31 2021      1.10           1.63           Beat
 Sep. 30 2021      1.02           1.21           Beat