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

Independent Bank (Massachusetts)

20/10/2022 22:01

* Independent Bank Corp (Massachusetts)  INDB.OQ  reported
quarterly adjusted earnings of $1.57​​ per share for the quarter
ended in September. The mean expectation of three analysts for
the quarter was for earnings of $1.42 per share.
    * Revenue rose 61.1% to $187.80 million from a year ago;
analysts
expected $185.53 million. 
    * Independent Bank Corp (Massachusetts)'s reported EPS for
the
quarter was $1.57​.
    * The mean earnings estimate of analysts had risen by
about 6.5%
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 10.6%
this quarter and gained 1.1% so far this year.
    * The company reported quarterly net income of $71.9
million.
    * 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 2 "strong buy" or "buy," 1
"hold" and no "sell" or "strong sell." 

This summary was machine generated from Refinitiv data October
20 at 09:01 p.m.  ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2022      1.42           1.57           Beat
 Jun. 30 2022      1.26           1.32           Beat
 Mar. 31 2022      1.26           1.23           Missed
 Dec. 31 2021      1.10           1.63           Beat