Independent Bank Q2 EPS $1.21 Beats $1.11 Estimate
Portfolio Pulse from Benzinga Newsdesk
Independent Bank (NASDAQ:INDB) reported Q2 earnings per share of $1.21, beating the analyst consensus estimate of $1.11 by 9.01%. However, this represents a 14.79% decrease from the same period last year.
July 18, 2024 | 8:15 pm
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Independent Bank's Q2 EPS of $1.21 beat estimates by 9.01%, but is down 14.79% YoY. This mixed result may lead to short-term volatility in the stock price.
The earnings beat is a positive signal, but the YoY decline in EPS could concern investors. This mixed result is likely to cause short-term volatility in INDB's stock price.
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