A Look Ahead: Independent Bank's Earnings Forecast

Independent Bank INDB will release its quarterly earnings report on Thursday, 2024-10-17. Here's a brief overview for investors ahead of the announcement.

Analysts anticipate Independent Bank to report an earnings per share (EPS) of $1.05.

The market awaits Independent Bank's announcement, with hopes high for news of surpassing estimates and providing upbeat guidance for the next quarter.

It's important for new investors to understand that guidance can be a significant driver of stock prices.

Overview of Past Earnings

Last quarter the company beat EPS by $0.10, which was followed by a 2.53% increase in the share price the next day.

Stock Performance

Shares of Independent Bank were trading at $63.04 as of October 15. Over the last 52-week period, shares are up 35.1%. Given that these returns are generally positive, long-term shareholders are likely bullish going into this earnings release.

To track all earnings releases for Independent Bank visit their earnings calendar on our site.

This article was generated by Benzinga's automated content engine and reviewed by an editor.