On Wednesday 23rd October 2024, Independent Bank Corp (NASDAQ: INDB) will release its highly anticipated third quarter financial results. This important announcement is scheduled to occur after market close.
It appears that the business is on the verge of revealing their estimated $1.07 profit per share for the quarter, as well as their total revenue of $174.7 million for this specific period, according to financial experts on Wall Street.
During the same quarter of the previous year, the company's earnings report indicated a per-share income of $1.38. This noteworthy figure was a direct outcome of the company's total revenue, which reached an impressive $183.42 million during that specific period.
The experts on Wall Street have shared their predictions for how well the company will do this year. They think the total revenue will be around $689.57 million. They also believe the company will reach about profit of $4.59 per share for the fiscal year.
| Period | EPS Actual |
EPS Growth* |
Revenue Actual |
Revenue Growth* |
|---|---|---|---|---|
| Historical Earnings Insight | ||||
| Q2 2024 | $1.21 | -14.8% | 170.26 M | -7.1% |
| Q1 2024 | $1.12 | -17.6% | 167.38 M | -10.6% |
| Q4 2023 | $1.26 | -25.4% | 177.16 M | -11.7% |
| Q3 2023 | $1.38 | -12.1% | 183.42 M | -3.9% |
| Q2 2023 | $1.42 | +7.6% | 183.30 M | +6.1% |
| *Growth on year-over-year basis | ||||
Throughout Monday's trading, Independent Bank Corp (INDB) shares fluctuated between $62.00 and $65.37, with a trading volume of 522.80 thousand shares. The stock ended the regular trading session at $62.37, marking an advance of 1.30 percent.
