Independent Bank Q2 EPS $1.42 Beats $1.36 Estimate, Sales $183.30M Beat $182.85M Estimate
Portfolio Pulse from Benzinga Newsdesk
Independent Bank (NASDAQ:INDB) reported Q2 earnings of $1.42 per share, beating the analyst consensus estimate of $1.36 by 4.41%. This is a 7.58% increase from the same period last year. The company also reported quarterly sales of $183.30 million, beating the analyst consensus estimate of $182.85 million by 0.25%, a 6.10% increase from the same period last year.
July 20, 2023 | 8:25 pm
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POSITIVE IMPACT
Independent Bank's Q2 earnings and sales exceeded analyst estimates, indicating a positive financial performance.
Independent Bank reported better than expected Q2 earnings and sales, which is a positive signal for the company's financial health. This could lead to increased investor confidence and potentially a short-term increase in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100