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INDB

Independent Bank Corp

$49.43

Earnings Summary

Revenue
$183.3Mn
Net Profits
$62.64Mn
Net Profit Margins
34.18%

Highlights

Revenue:

Independent Bank Corp’s revenue jumped 7.26% since last year same period to $183.3Mn in the Q2 2023. On a quarterly growth basis, Independent Bank Corp has generated -2.1% fall in its revenue since last 3-months.

Net Profits:

Independent Bank Corp’s net profit jumped 1.41% since last year same period to $62.64Mn in the Q2 2023. On a quarterly growth basis, Independent Bank Corp has generated 2.28% jump in its net profits since last 3-months.

Net Profit Margins:

Independent Bank Corp’s net profit margin fell -5.46% since last year same period to 34.18% in the Q2 2023. On a quarterly growth basis, Independent Bank Corp has generated 4.48% jump in its net profit margins since last 3-months.

Earnings per share (EPS) Estimates

Earnings per share (EPS) estimates of the Independent Bank Corp post its latest quarter earnings

EPS Estimate Current Quarter
1.65
EPS Estimate Current Year
1.65

Highlights

EPS Estimate Current Quarter:

Independent Bank Corp’s earning per share (EPS) estimates for the current quarter stand at 1.65 - a 16.2% jump from last quarter’s estimates.

EPS Estimate Current Year:

Independent Bank Corp’s earning per share (EPS) estimates for the current year stand at 1.65.

Key Ratios

Key ratios of the Independent Bank Corp post its Q1 2023 earnings

Return on Assets (ROA)
0.01
Return on Equity (ROE)
0.1
Dividend Per Share (DPS)
0.55

Highlights

Return on Assets (ROA):

Return on assets (ROA) indicates the profitability of the company in relation to its total assets. This ratio tells the financial health of the company. The higher the ROA, the better the company’s financial health. If any company has a ROA in the range of 5% to 20% - it is generally considered good. ROA above 20% is generally considered excellent. Independent Bank Corp’s return on assets (ROA) stands at 0.01.

Earning Per Share (EPS):

The Return On Equity ratio indicates a company’s ability to turn equity capital received from shareholders into profits. ROE highlights the efficiency of equity capital in running the business. Generally, a return on equity in double digits is considered good. Independent Bank Corp’s return on equity (ROE) stands at 0.1.

Dividend Per Share (DPS):

Independent Bank Corp declared 0.55 dividend per share during the earnings announcement for Q1 2023.

Earnings Calendar

Earnings DateEstimated EPSReported EPSSurprise %
2022-08-04
1.26
1.32
4.76%
2022-05-05
1.26
1.23
-2.38%
2022-11-03
1.42
1.57
10.56%