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Independent Bank IBCP reported its Q3 earnings results on Tuesday, October 25, 2022 at 08:00 AM.
Here’s what investors need to know about the announcement.
Earnings
Independent Bank beat estimated earnings by 35.0%, reporting an EPS of $0.81 versus an estimate of $0.6.
Revenue was up $6.09 million from the same period last year.
Past Earnings Performance
Last quarter the company beat on EPS by $0.06 which was followed by a 0.54% increase in the share price the next day.
Here’s a look at Independent Bank’s past performance:
| Quarter | Q2 2022 | Q1 2022 | Q4 2021 | Q3 2021 |
|---|---|---|---|---|
| EPS Estimate | 0.55 | 0.50 | 0.65 | 0.62 |
| EPS Actual | 0.61 | 0.84 | 0.58 | 0.73 |
| Revenue Estimate | 34.41M | 32.83M | 34.70M | 31.64M |
| Revenue Actual | 36.06M | 33.00M | 34.28M | 33.80M |
To track all earnings releases for Independent Bank visit their earnings calendar here.
This article was generated by Benzinga’s automated content engine and reviewed by an editor.
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