Independent Bank Corp. (INDB) came out with quarterly earnings of $1.01 per share, beating the Zacks Consensus Estimate of $0.99 per share. This compares to earnings of $1.38 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 2.02%. A quarter ago, it was expected that this holding company for Rockland Trust would post earnings of $1.11 per share when it actually produced earnings of $1.21, delivering a surprise of 9.01%. Over th ...

INDEPENDENT BANK CORP. Parent of Rockland Trust Exhibit 99.1 Shareholder Relations NEWS RELEASE 288 Union Street Rockland, Ma. 02370 INDEPENDENT BANK CORP. REPORTS THIRD QUARTER NET INCOME OF $42.9 MILLION Results marked by higher revenues, increased credit provision, and deposit growth Rockland, Massachusetts (October 17, 2024) - Independent Bank Corp. (Nasdaq Global Select Market: INDB), parent of Rockland Trust Company, today announced 2024 third quarter net income of $42.9 million, or $1.01 per diluted ...

Independent Bank Corp. (INDB) appears an attractive pick, as it has been recently upgraded to a Zacks Rank #1 (Strong Buy). This upgrade is essentially a reflection of an upward trend in earnings estimates -- one of the most powerful forces impacting stock prices. The Zacks rating relies solely on a company's changing earnings picture. It tracks EPS estimates for the current and following years from the sell-side analysts covering the stock through a consensus measure -- the Zacks Consensus Estimate. Indivi ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 ___________________________________________________ FORM 10-Q ___________________________________________________ ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 1-9047 | --- | --- | ...

The upward trend in estimate revisions for this holding company for Rockland Trust reflects growing optimism of analysts on its earnings prospects, which should get reflected in its stock price. After all, empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements. Our stock rating tool -- the Zacks Rank -- is principally built on this insight. The five-grade Zacks Rank system, which ranges from a Zacks Rank #1 (Strong Buy) to a Zacks Rank ...

Independent Bank Corp. (NASDAQ:INDB) Q2 2024 Earnings Conference Call July 19, 2024 10:00 AM ET Company Participants Jeffrey Tengel - CEO Mark Ruggiero - CFO & Head of Consumer Lending Conference Call Participants Mark Fitzgibbon - Piper Sandler Laurie Hunsicker - Seaport Research Steve Moss - Raymond James Christopher O'Connell - KBW Operator Good day, and welcome to the Independent Bancorp Second Quarter 2024 Earnings Call. All participants will be in a listen-only mode. [Operator Instructions] After toda ...

Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance. Independent Bank Corp. (INDB) reported $170.26 million in revenue for the quarter ended June 2024, representing a year-over-year decline of 7.1%. EPS of $1.21 for the same period compares to $1.42 a year ago. Efficiency Ratio: 58.5% versus the three-analyst average estimate of 59.6%. Ne ...

This quarterly report represents an earnings surprise of 9.01%. A quarter ago, it was expected that this holding company for Rockland Trust would post earnings of $1.15 per share when it actually produced earnings of $1.12, delivering a surprise of -2.61%. Independent Bank Corp., which belongs to the Zacks Banks - Northeast industry, posted revenues of $170.26 million for the quarter ended June 2024, surpassing the Zacks Consensus Estimate by 0.70%. This compares to year-ago revenues of $183.3 million. The ...

APPENDIX B: Non-GAAP Reconciliation of Earnings Metrics (Unaudited, dollars in thousands) The following table summarizes the calculation of the Company's return on average tangible common equity for the periods indicated: | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | |-----------------------------------------------------------------------------------------------------------------|-------|-------------------------|-----------|-------------------------------------------|-------|--------- ...

Morsa Images With a market capitalization as of this writing of $2.25 billion, Independent Bank (NASDAQ:INDB) is not exactly a small bank. But it's certainly not a large one either. Over the past couple of years, the company has posted some mixed results. Those mixed results have extended into the 2024 fiscal year. Admittedly, the past couple of years have been difficult for the banking sector, driven in part by a banking crisis that began in March of 2023. In addition to this, economic conditions have crea ...