Independent Bank (IBCP) Beats Q1 Earnings Estimates

Independent Bank (IBCP) came out with quarterly earnings of $0.74 per share, beating the Zacks Consensus Estimate of $0.70 per share. This compares to earnings of $0.76 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 5.71%. A quarter ago, it was expected that this bank holding company would post earnings of $0.76 per share when it actually produced earnings of $0.87, delivering a surprise of 14.47%.Over the last four quarters, ...