Independent Bank (NASDAQ:INDB) reported its Q4 earnings results on Thursday, January 18, 2024 at 04:15 PM.
Here’s what investors need to know about the announcement.
Earnings
Independent Bank beat estimated earnings by 1.61%, reporting an EPS of $1.26 versus an estimate of $1.24.
Revenue was down $23.49 million from the same period last year.
Past Earnings Performance
Last quarter the company beat on EPS by $0.05 which was followed by a 4.58% drop in the share price the next day.
Here’s a look at Independent Bank’s past performance:
| Quarter | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 |
|---|---|---|---|---|
| EPS Estimate | 1.33 | 1.36 | 1.54 | 1.65 |
| EPS Actual | 1.38 | 1.42 | 1.36 | 1.69 |
| Revenue Estimate | 180.79M | 182.85M | 192.73M | 196.62M |
| Revenue Actual | 183.42M | 183.30M | 187.24M | 200.66M |
To track all earnings releases for Independent Bank visit their earnings calendar here.
This article was generated by Benzinga’s automated content engine and reviewed by an editor.
