Recap: Independent Bank Q1 Earnings

Independent Bank IBCP reported its Q1 earnings results on Tuesday, April 26, 2022 at 08:00 AM.

Here's what investors need to know about the announcement.

Independent Bank beat estimated earnings by 68.0%, reporting an EPS of $0.84 versus an estimate of $0.5.

Revenue was up $2.72 million from the same period last year.

Last quarter the company missed on EPS by $0.07 which was followed by a 0.45% drop in the share price the next day.

Here's a look at Independent Bank's past performance:

Quarter	Q4 2021	Q3 2021	Q2 2021	Q1 2021
EPS Estimate	0.65	0.62	0.67	0.58
EPS Actual	0.58	0.73	0.56	1
Revenue Estimate	34.70M	31.64M	30.84M	31.41M
Revenue Actual	34.28M	33.80M	31.39M	30.28M

To track all earnings releases for Independent Bank visit their earnings calendar here.

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

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