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

Independent Bank (Massachusetts)

21/04/2022 22:43

* Independent Bank Corp (Massachusetts)  INDB.OQ  reported
quarterly adjusted earnings of $1.23​​ per share for the quarter
ended in March. The mean expectation of three analysts for the
quarter was for earnings of $1.26 per share.
    * Revenue rose 35.5% to $163.70 million from a year ago; 
analysts
expected $166.27 million. 
    * Independent Bank Corp (Massachusetts)'s reported EPS for
the
quarter was $1.12​.
    * The mean earnings estimate of analysts had risen by
about 9.1%
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 1.2%
this quarter and lost 1.0% so far this year.
    * The company reported quarterly net income of $53.1
million.
    * Wall Street's median 12-month price target for Independent
Bank
Corp (Massachusetts) is $103.00 
    * 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 April 21 at 09:43 p.m.  ​All
figures in US dollars unless otherwise stated