Independent Bank Q3 EPS $1.38 Beats $1.33 Estimate, Sales $183.42M Beat $180.79M Estimate
Portfolio Pulse from Benzinga Newsdesk
Independent Bank (NASDAQ:INDB) reported Q3 earnings of $1.38 per share, beating the analyst consensus estimate of $1.33 by 3.76%. However, this is a 12.1% decrease from the same period last year. The company also reported quarterly sales of $183.42 million, beating the estimate of $180.79 million by 1.46%, but this is a 3.86% decrease from last year.
October 19, 2023 | 8:19 pm
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NEUTRAL IMPACT
Independent Bank's Q3 earnings and sales beat estimates but are lower than last year's figures.
While Independent Bank beat estimates for Q3 earnings and sales, the figures are lower compared to the same period last year. This mixed result could lead to neutral short-term price movement.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100