Independent Bank Corp.

INDB

US4538361084

Banks

Market Closed - Nasdaq Other stock markets 01:30:00 09/05/2024 am IST			5-day change	1st Jan Change
51.22 ^USD	+0.95%		+0.69%	-22.17%

25/04	Earnings Flash (IBCP) INDEPENDENT BANK CORPORATION Reports Q1 EPS $0.76, vs. Street Est of $0.64	MT
25/04	North American Morning Briefing : More Tech -2-	DJ

Independent Bank Corp. Reports Earnings Results for the First Quarter Ended March 31, 2024

April 18, 2024

Independent Bank Corp. reported earnings results for the first quarter ended March 31, 2024. For the first quarter, the company reported net interest income was USD 137.44 million compared to USD 159 million a year ago.

Net income was USD 47.77 million compared to USD 61.25 million a year ago. Basic earnings per share from continuing operations was USD 1.12 compared to USD 1.36 a year ago. Diluted earnings per share from continuing operations was USD 1.12 compared to USD 1.36 a year ago.

Latest news about Independent Bank Corp.

Earnings Flash (IBCP) INDEPENDENT BANK CORPORATION Reports Q1 EPS $0.76, vs. Street Est of $0.64	25/04	MT
North American Morning Briefing : More Tech -2-	25/04	DJ
Independent Bank Corp. Names New Board Chair	23/04	MT
Independent Bank Keeps Quarterly Dividend at $0.24 per Share, Payable May 13 to Shareholders of Record on May 3	23/04	MT
Independent Bank Group Q1 Adjusted Net Income, Revenue Fall	23/04	MT
Earnings Flash (IBTX) INDEPENDENT BANK GROUP Reports Q1 EPS $0.58, vs. Street Est of $0.63	23/04	MT
Keefe, Bruyette & Woods Adjusts Price Target on Independent Bank to $60 From $64, Maintains Market Perform Rating	22/04	MT
Transcript : Independent Bank Corp., Q1 2024 Earnings Call, Apr 19, 2024	19/04
Independent Bank Q1 Earnings, Revenue Decline	19/04	MT
Tranche Update on Independent Bank Corp.'s Equity Buyback Plan announced on October 19, 2023.	19/04	CI
Independent Bank Corp. Reports Consolidated Net Charge-Offs for the First Quarter Ended March 31, 2024	18/04	CI
Independent Bank Corp. Reports Earnings Results for the First Quarter Ended March 31, 2024	18/04	CI
Independent Bank Corp.'s Equity Buyback announced on October 19, 2023, has closed with 1,815,666 shares, representing 4.15% for $100 million.	31/03	CI
Independent Bank Raises Quarterly Dividend $0.02 to $0.57 a Share, Payable April 5 to Shareholders of Record April 1	22/03	MT
Independent Bank Corp. Announces Increase in Quarterly Dividend, Payable on April 5, 2024	22/03	CI
Zalando to Buy Back EUR100 Million Shares for Employee Incentive Programs	13/03	MT
US regional lenders' commercial real estate exposure in spotlight after carnage	05/02	RE
Former Swiss finance minister defends role in Credit Suisse collapse	04/02	RE
Earnings Flash (IBCP) INDEPENDENT BANK CORPORATION Reports Q4 EPS $0.65, vs. Street Est of $0.70	25/01	MT
North American Morning Briefing :Stock Futures Steady Ahead of GDP Report; More Earnings in Focus Too	25/01	DJ
Independent Bank Raises Quarterly Dividend to $0.24 per Share, Payable Feb. 15 to Shareholders of Record Feb. 5	23/01	MT
Independent Bank Group Q4 Earnings, Revenue Decline	23/01	MT
Keefe Bruyette & Woods Adjusts Price Target on Independent Bank to $64 From $66, Maintains Market Perform Rating	22/01	MT
North American Morning Briefing : S&P 500 Seen Extending Record	22/01	DJ
Transcript : Independent Bank Corp., Q4 2023 Earnings Call, Jan 19, 2024	19/01

Chart Independent Bank Corp.

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Company Profile

Independent Bank Corp. is a bank holding company of Rockland Trust Company (the Bank). The Bank provides a range of banking, investment and financial services, operating with over 120 retail branches, as well as a network of commercial and residential lending centers, and investment management offices primarily in Eastern Massachusetts, Worcester County, and Rhode Island. The Bank also offers a full suite of mobile, online, and telephone banking services. The Bankâs commercial, consumer real estate, and other consumer loan portfolios consist of loans made to residents of and businesses located in the Bankâs market area. Its commercial loans consist of commercial real estate loans, commercial construction loans, commercial and industrial loans, and small business loans. The Bankâs consumer portfolio consists of real estate loans comprised of residential mortgages and home equity loans and lines, all secured by one-to-four family residential properties, as well as other consumer loans.

Sector

Banks

Calendar

18/07/2024 - Q2 2024 Earnings Release (Projected)

Related indices

Russell 2000

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Ratings for Independent Bank Corp.

Trading Rating

Investor Rating

ESG Refinitiv

C+

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Analysts' Consensus

Sell

Buy

Mean consensus

HOLD

Number of Analysts

Last Close Price

51.22 USD

Average target price

57.5 USD

Spread / Average Target

+12.26%

Consensus

EPS Revisions

Estimates Revisions

Quarterly earnings - Rate of surprise

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