Independent Bank (NASDAQ:INDB) reported its Q1 earnings results on Thursday, April 20, 2023 at 04:15 PM.
Here’s what investors need to know about the announcement.
Earnings
Independent Bank missed estimated earnings by 11.69%, reporting an EPS of $1.36 versus an estimate of $1.54.
Revenue was up $23.54 million from the same period last year.
Past Earnings Performance
Last quarter the company beat on EPS by $0.04 which was followed by a 2.94% drop in the share price the next day.
Here’s a look at Independent Bank’s past performance:
| Quarter | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 |
|---|---|---|---|---|
| EPS Estimate | 1.65 | 1.42 | 1.25 | 1.26 |
| EPS Actual | 1.69 | 1.57 | 1.32 | 1.23 |
| Revenue Estimate | 196.62M | 185.53M | 168.93M | 166.27M |
| Revenue Actual | 200.66M | 190.80M | 172.76M | 163.70M |
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.
