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

Independent Bank (Massachusetts)

19/10/2023 22:02

* Independent Bank Corp (Massachusetts)  INDB.OQ  reported
quarterly adjusted earnings of $1.38​​ per share for the quarter
ended in September. The mean expectation of four analysts for
the quarter was for earnings of $1.33 per share.
    * Revenue fell 3.9% to $183.42 million from a year ago;
analysts
expected $180.79 million. 
    * Independent Bank Corp (Massachusetts)'s reported EPS for
the
quarter was $1.38​.
    * The mean earnings estimate of analysts had risen by
about 3.7%
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 1.4%
this quarter and lost 42.7% so far this year.
    * The company reported quarterly net income of $60.81
million.
    * Wall Street's median 12-month price target for Independent
Bank
Corp (Massachusetts) is $54.00 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is no "strong buy" or "buy," 3
"hold" and 1 "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data
October 19 at 09:02 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2023      1.33           1.38           Beat
 Jun. 30 2023      1.36           1.42           Beat
 Mar. 31 2023      1.54           1.36           Missed
 Dec. 31 2022      1.65           1.69           Beat