Earnings Summary

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.

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.

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.

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.

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

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.

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.

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