Independent Bank: Q4 Earnings Insights - Independent Bank (NASDAQ:INDB)

Independent Bank 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.

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.

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.