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Independent Bank (NASDAQ:IBTX) releases its next round of earnings this Monday. Here's Benzinga's essential guide to Independent Bank's Q3 earnings report.
Earnings and Revenue
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Independent Bank EPS will likely be near $1.20 while revenue will be around $96.75 million, according to analysts.
Independent Bank earnings in the same period a year ago was 89 cents. Quarterly sales came in at $82.8 million. The analyst consensus estimate would represent a 34.83 percent increase in the company's EPS figure. Revenue would be up 16.71 percent on a year-over-year basis. Here's how the company's reported EPS has stacked up against analyst estimates in the past:
| Quarter | Q2 2018 | Q1 2018 | Q4 2017 | Q3 2017 |
| EPS Estimate | 1.14 | 1.07 | 0.94 | 0.89 |
| EPS Actual | 1.11 | 1.03 | 0.9 | 0.89 |
Stock Performance
Over the last 52-week period, shares are down 1.24 percent. Given that these returns are generally negative, long-term shareholders are probably a little upset going into this earnings release.
Analyst estimates are adjusted higher for EPS and revenues over the past 90 days. The most common rating from analysts on Independent Bank stock is a Neutral. The strength of this rating has maintained conviction over the past three months.
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.