The third quarter financial results of Independent Bank Corporation (NASDAQ: IBCP) will be revealed on Thursday 24th October 2024. This eagerly awaited announcement is slated to occur before market open, enabling investors and market participants to gain valuable insights into the company's financial performance.
Financial analysts on Wall Street are predicting that the company is expected to report an estimated per share $0.76 profit for the current quarter. Additionally, the company is anticipated to reveal a total revenue of $42.26 million during this period.
Wall Street analysts have shared their forecasts for the company's annual performance, predicting a total revenue of $166.79 million. Additionally, they expect the company to post profit of $3.15 per share for the fiscal year.
The company's earnings report from the corresponding quarter of the previous year demonstrated a per-share income of $0.83. Additionally, the company achieved a total revenue of $39.43 million during that specific period.
| Period | EPS Actual |
EPS Growth* |
Revenue Actual |
Revenue Growth* |
|---|---|---|---|---|
| Historical Earnings Insight | ||||
| Q2 2024 | $0.88 | +25.7% | 41.35 M | +7.8% |
| Q1 2024 | $0.76 | +24.6% | 40.20 M | +4.6% |
| Q4 2023 | $0.79 | +11.3% | 40.11 M | -1.2% |
| Q3 2023 | $0.83 | +2.5% | 39.43 M | -1.2% |
| Q2 2023 | $0.70 | +14.8% | 38.35 M | +6.3% |
| *Growth on year-over-year basis | ||||
In addition, The firm will review the third quarter financial results on 24th October 2024 at 11:00 AM eastern time, in a conference call with public.
Throughout Tuesday's trading, Independent Bank Corporation (IBCP) shares fluctuated between $32.80 and $33.59, with a trading volume of 186.20 thousand shares. The stock ended the regular trading session at $33.52, indicating a gain of 1.51 percent.
