Recap: Independent Bank Q1 Earnings - Independent Bank (NASDAQ:INDB)

Independent Bank 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.

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.

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.