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

Independent Bank (Massachusetts)

21/10/2021 22:01

* Independent Bank Corp (Massachusetts)  INDB.OQ  reported
quarterly adjusted earnings of $1.21​​ per share for the quarter
ended in September. The mean expectation of four analysts for
the quarter was for earnings of $1.02 per share.
* Revenue fell 8.2% to $110.38 million from a year ago; 
analysts expected $116.22 million. 
* The mean earnings estimate of analysts had risen by about 0.5%
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 risen
by 10.7% this quarter and gained 15.4% so far this year.
* Wall Street's median 12-month price target for Independent
Bank Corp (Massachusetts) is $91.00 
* The current average analyst rating on the shares is "buy" and
the breakdown of recommendations is 4 "strong buy" or "buy," no
"hold" and no "sell" or "strong sell." 
This summary was machine generated October 21 at 09:01 p.m.
 ​All figures in US dollars unless otherwise stated