Profile
Sector:
Financial ServicesIndustry:
Banks - RegionalCountry:
United StatesIPO:
14 May 1986Website:
http://www.rocklandtrust.comNext earnings report:
24 January 2025Last dividends:
30 September 2024Next dividends:
N/APrice
after hours | Fri, 01 Nov 2024 20:47:34 GMTAnalysts recommendations
Institutional Ownership
Included in screeners
INDB Latest News
Independent Bank Corp. (NASDAQ:INDB ) Q3 2024 Results Conference Call October 18, 2024 10:00 AM ET Company Participants Jeff Tengel - CEO Mark Ruggiero - CFO & Head of Consumer Lending Conference Call Participants Steve Moss - Raymond James Mark Fitzgibbon - Piper Sandler Laurie Hunsicker - Seaport Research Christopher O'Connell - KBW Operator Good day, and welcome to the Independent Bank Corp Third Quarter 2024 Earnings Call Conference Call. All participants will be in listen only mode.
The headline numbers for Independent Bank Corp. (INDB) give insight into how the company performed in the quarter ended September 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
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.
ROCKLAND, Mass.--(BUSINESS WIRE)--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 share, compared to 2024 second quarter net income of $51.3 million, or $1.21 per diluted share. The decline in net income was largely attributable to an increase in the Company's loan loss provision compared to the prior quarter, partially mitigated by higher revenue levels. The increa.
Independent Bank Corp. (INDB) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #1 (Strong Buy).
Independent Bank Corp. (INDB) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.
The headline numbers for Independent Bank Corp. (INDB) give insight into how the company performed in the quarter ended June 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
Independent Bank Corp. (INDB) came out with quarterly earnings of $1.21 per share, beating the Zacks Consensus Estimate of $1.11 per share. This compares to earnings of $1.42 per share a year ago.
Independent Bank has experienced mixed financial results in recent years, but its shares are attractively priced compared to similar firms. The bank offers a wide range of banking, investment, and financial services through its retail branches and lending centers. The company's loan portfolio has consistently increased, but deposits have declined, leading to some volatility in its financial performance.
The key figures for Independent Bank Corp. (INDB) offer a glimpse into its performance in the first quarter of 2024, but it could be beneficial to compare certain metrics with Wall Street expectations and the previous year's results.
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What type of business is Independent Bank?
Independent Bank Corp. is an American banking holding company. It was founded in 1907. The headquarters is located in Rockland, Massachusetts (USA). Independent Bank Corp. offers a wide range of banking services: various types of loans and deposits, investment management, etc. The company provides commercial loans (for real estate, construction, secured and unsecured for commercial purposes, etc. for small and medium businesses); mortgage loans and other consumer loans (loans, installment loans, credit cards, etc. for individuals).
What sector is Independent Bank in?
Independent Bank is in the Financial Services sector
What industry is Independent Bank in?
Independent Bank is in the Banks - Regional industry
What country is Independent Bank from?
Independent Bank is headquartered in United States
When did Independent Bank go public?
Independent Bank initial public offering (IPO) was on 14 May 1986
What is Independent Bank website?
https://www.rocklandtrust.com
Is Independent Bank in the S&P 500?
No, Independent Bank is not included in the S&P 500 index
Is Independent Bank in the NASDAQ 100?
No, Independent Bank is not included in the NASDAQ 100 index
Is Independent Bank in the Dow Jones?
No, Independent Bank is not included in the Dow Jones index
When was Independent Bank the previous earnings report?
No data
When does Independent Bank earnings report?
The next expected earnings date for Independent Bank is 24 January 2025