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INDBBearishEarningsnews
Materiality pending

Independent Bank Corp. (INDB) Lags Q1 Earnings and Revenue Estimates

Apr 18, 2024, 6:31 PM EDT1 sourcesAI-analyzed

AI summary

What happened, with direct paths to the underlying reporting

- INDB quarterly earnings at $1.12 per share, missing estimate of $1.15. Revenue at $167.38M, missing estimate by 2.57%. - Stock has lost 26.3% YTD vs S&P 500's 5.3% gain. - Zacks Ranks INDB at #3 (Hold), mixed estimate revisions but expected to perform in line. Price Impact Rating: Bearish Impact Horizon Rating: Short-term Type: Earnings

  • INDB quarterly earnings at $1.12 per share, missing estimate of $1.15. Revenue at $167.38M, missing estimate by 2.57%.
  • Stock has lost 26.3% YTD vs S&P 500's 5.3% gain.
  • Zacks Ranks INDB at #3 (Hold), mixed estimate revisions but expected to perform in line.

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