Recap: Independent Bank Q2 Earnings

Shares of Independent Bank (NASDAQ:INDB) were flat in after-market trading after the company reported Q2 results.

Quarterly Results

Earnings per share rose 53.95% over the past year to $1.17, which beat the estimate of $1.08.

Revenue of $118,321,000 declined by 0.81% from the same period last year, which beat the estimate of $117,920,000.

Outlook

Earnings guidance hasn't been issued by the company for now.

Revenue guidance hasn't been issued by the company for now.

Price Action

Company's 52-week high was at $99.85

52-week low: $49.25

Price action over last quarter: down 15.63%

Company Description

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