Independent BankNASDAQ: INDB

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.

Independent Bank Corp. (INDB) reported quarterly earnings of $1.12 per share, which fell short of the Zacks Consensus Estimate of $1.15 per share. This is lower than the earnings of $1.36 per share reported in the same quarter last year.

In addition to Wall Street's forecasts for Independent Bank Corp. (INDB), analyze other important metrics to better assess the company's performance in the first quarter of 2024.

ROCKLAND, Mass.--(BUSINESS WIRE)--Independent Bank Corp. (Nasdaq Global Select Market: INDB), parent of Rockland Trust Company, will host its quarterly conference call to discuss first quarter results on Friday, April 19, 2024, at 10:00 AM Eastern Time. Telephonic access will be available by dial-in at 888-336-7153 reference: INDB. Participants may also choose to pre-register for the conference by navigating to https://dpregister.com/sreg/10187383/fbe6e078df, which will provide a unique PIN to.

Independent Bank Corp (INDB) increases its quarterly dividend by 3.6% to 57 cents per share. A strong balance sheet and decent liquidity are likely to keep the capital distribution plans sustainable.

Independent Bank Corp. (INDB) Q4 2023 Earnings Call Transcript

Looking beyond Wall Street's top -and-bottom-line estimate forecasts for Independent Bank Corp. (INDB), delve into some of its key metrics to gain a deeper insight into the company's potential performance for the quarter ended December 2023.

Although the revenue and EPS for Independent Bank Corp. (INDB) give a sense of how its business performed in the quarter ended September 2023, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.