Independent Bank Corp (Massachusetts) reports results for the quarter ended June 30 - Earnings Summary

Independent Bank (Massachusetts)

16/07/2026 22:08

Independent Bank Corp (Massachusetts) INDB.OQ reported quarterly adjusted earnings of $1.70​​ per share for the quarter ended June 30, higher than the same quarter last year, when the company reported EPS of $1.25.  The mean expectation of seven analysts for the quarter was for earnings of $1.78 per share. Wall Street expected results to range from $1.72  to $1.83 per share.
Revenue rose 39.3% to $253.32 million from a year ago; analysts expected $257.50 million. 
Independent Bank Corp (Massachusetts)'s reported EPS for the quarter was $1.70​.
The company reported quarterly net income of $81.84 million.
Independent Bank Corp (Massachusetts) shares had risen by 1.8% this quarter and gained 16.6% so far this year.
FORECAST CHANGES
The mean earnings estimate of analysts had risen by about 0.1% in the last three months.​ 
In the last 30 days, two analysts negatively revised earnings estimates
RECOMMENDATIONS
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 5 "strong buy" or "buy," 1 "hold" and 1 "sell" or "strong sell." The average consensus recommendation for the banks peer group is also "buy" 
Wall Street's median 12-month price target for Independent Bank Corp (Massachusetts) is $94.00, about 9.4% above its last closing price of $85.20
This summary was machine generated from LSEG data July 16 at 09:08 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)
QUARTER ENDING
ESTIMATE 
ACTUAL
BEAT, MET, MISSED
Jun. 30 2026 
1.78
1.70
Missed
Mar. 31 2026 
1.65
1.68
Beat
Dec. 31 2025 
1.65
1.70
Beat
Sep. 30 2025 
1.54
1.55
Beat