Independent Bank Q3 EPS $0.83 Beats $0.62 Estimate, Sales $39.43M Beat $36.74M Estimate
Portfolio Pulse from Benzinga Newsdesk
Independent Bank (NASDAQ:IBCP) reported Q3 earnings of $0.83 per share, beating the analyst consensus estimate of $0.62 by 33.87%. This is a 2.47% increase from the same period last year. The company also reported quarterly sales of $39.43 million, beating the analyst consensus estimate of $36.74 million by 7.31%. However, this is a 1.18% decrease from the same period last year.
October 24, 2023 | 12:03 pm
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Independent Bank's Q3 earnings and sales beat analyst estimates, which could lead to a positive market reaction.
Independent Bank reported better than expected Q3 earnings and sales. This positive financial performance could lead to increased investor confidence and a potential rise in the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100