Independent Bank Corp. (INDB) Surpasses Q4 Earnings and Revenue Estimates
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Independent Bank Corp. (INDB) reported Q4 earnings of $1.21 per share, surpassing the Zacks Consensus Estimate of $1.16. This is a slight decrease from $1.26 per share a year ago.
January 16, 2025 | 11:45 pm
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Independent Bank Corp. (INDB) reported better-than-expected Q4 earnings of $1.21 per share, exceeding the Zacks Consensus Estimate of $1.16. However, this is a slight decline from the $1.26 per share reported a year ago.
The positive earnings surprise is likely to boost investor confidence and could lead to a short-term increase in INDB's stock price. However, the slight year-over-year decline in earnings per share may temper some of the enthusiasm.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100