Independent Bank Q1 2024 Adj EPS $1.12 Misses $1.15 Estimate
Portfolio Pulse from Benzinga Newsdesk
Independent Bank (INDB) reported Q1 2024 adjusted earnings per share (EPS) of $1.12, missing the consensus estimate of $1.15 by 2.61%.
April 18, 2024 | 8:16 pm
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NEGATIVE IMPACT
Independent Bank reported a Q1 2024 EPS of $1.12, missing estimates by 2.61%.
Missing the consensus earnings estimate typically leads to negative investor sentiment in the short term, potentially causing a decrease in stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100