Recap: Independent Bank Q3 Earnings

Recap: Independent Bank Q3 Earnings

Independent Bank IBCP reported its Q3 earnings results on Tuesday, October 25, 2022 at 08:00 AM.

Here's what investors need to know about the announcement.

Earnings

Independent Bank beat estimated earnings by 35.0%, reporting an EPS of $0.81 versus an estimate of $0.6.

Revenue was up $6.09 million from the same period last year.

Past Earnings Performance

Last quarter the company beat on EPS by $0.06 which was followed by a 0.54% increase in the share price the next day.

Here's a look at Independent Bank's past performance:

 

Quarter Q2 2022 Q1 2022 Q4 2021 Q3 2021
EPS Estimate 0.55 0.50 0.65 0.62
EPS Actual 0.61 0.84 0.58 0.73
Revenue Estimate 34.41M 32.83M 34.70M 31.64M
Revenue Actual 36.06M 33.00M 34.28M 33.80M

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.

Posted In: BZI-RecapsEarnings