Recap: Independent Bank Q3 Earnings

Independent Bank IBCP reported its Q3 earnings results on Tuesday, October 25, 2022 at 08:00 AM.

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

Independent Bank beat estimated earnings by 35.0%, reporting an EPS of $0.81 versus an estimate of $0.6.

Revenue was up $6.09 million from the same period last year.

Last quarter the company beat on EPS by $0.06 which was followed by a 0.54% increase in the share price the next day.

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

Quarter	Q2 2022	Q1 2022	Q4 2021	Q3 2021
EPS Estimate	0.55	0.50	0.65	0.62
EPS Actual	0.61	0.84	0.58	0.73
Revenue Estimate	34.41M	32.83M	34.70M	31.64M
Revenue Actual	36.06M	33.00M	34.28M	33.80M

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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