Independent Bank Corp.

INDB

US4538361084

Banks

Market Closed - Nasdaq Other stock markets 04:30:01 2024-04-22 pm EDT			5-day change	1st Jan Change
50.79 ^USD	+0.45%		+4.29%	-22.82%

Apr. 22	Independent Bank Group Q1 Adjusted Net Income, Revenue Fall	MT
Apr. 22	Earnings Flash (IBTX) INDEPENDENT BANK GROUP Reports Q1 EPS $0.58, vs. Street Est of $0.63	MT

Independent Bank Corp.: Q1 Earnings Snapshot

April 21, 2022 at 04:34 pm EDT

HANOVDER, Mass. (AP) _ Independent Bank Corp. (INDB) on Thursday reported first-quarter net income of $53.1 million.

The bank, based in Hanovder, Massachusetts, said it had earnings of $1.12 per share. Earnings, adjusted for costs related to mergers and acquisitions, were $1.23 per share.

The holding company for Rockland Trust posted revenue of $166.9 million in the period. Its revenue net of interest expense was $163.7 million, which did not meet Street forecasts.

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on INDB at https://www.zacks.com/ap/INDB

Latest news about Independent Bank Corp.

Independent Bank Group Q1 Adjusted Net Income, Revenue Fall	Apr. 22	MT
Earnings Flash (IBTX) INDEPENDENT BANK GROUP Reports Q1 EPS $0.58, vs. Street Est of $0.63	Apr. 22	MT
Keefe, Bruyette & Woods Adjusts Price Target on Independent Bank to $60 From $64, Maintains Market Perform Rating	Apr. 22	MT
Transcript : Independent Bank Corp., Q1 2024 Earnings Call, Apr 19, 2024	Apr. 19
Independent Bank Q1 Earnings, Revenue Decline	Apr. 18	MT
Tranche Update on Independent Bank Corp.'s Equity Buyback Plan announced on October 19, 2023.	Apr. 18	CI
Independent Bank Corp. Reports Consolidated Net Charge-Offs for the First Quarter Ended March 31, 2024	Apr. 17	CI
Independent Bank Corp. Reports Earnings Results for the First Quarter Ended March 31, 2024	Apr. 17	CI
Independent Bank Corp.'s Equity Buyback announced on October 19, 2023, has closed with 1,815,666 shares, representing 4.15% for $100 million.	Mar. 30	CI
Independent Bank Raises Quarterly Dividend $0.02 to $0.57 a Share, Payable April 5 to Shareholders of Record April 1	Mar. 21	MT
Independent Bank Corp. Announces Increase in Quarterly Dividend, Payable on April 5, 2024	Mar. 21	CI
Zalando to Buy Back EUR100 Million Shares for Employee Incentive Programs	Mar. 13	MT
US regional lenders' commercial real estate exposure in spotlight after carnage	Feb. 05	RE
Former Swiss finance minister defends role in Credit Suisse collapse	Feb. 04	RE
Earnings Flash (IBCP) INDEPENDENT BANK CORPORATION Reports Q4 EPS $0.65, vs. Street Est of $0.70	Jan. 25	MT
North American Morning Briefing :Stock Futures Steady Ahead of GDP Report; More Earnings in Focus Too	Jan. 25	DJ
Independent Bank Raises Quarterly Dividend to $0.24 per Share, Payable Feb. 15 to Shareholders of Record Feb. 5	Jan. 23	MT
Independent Bank Group Q4 Earnings, Revenue Decline	Jan. 22	MT
Keefe Bruyette & Woods Adjusts Price Target on Independent Bank to $64 From $66, Maintains Market Perform Rating	Jan. 22	MT
North American Morning Briefing : S&P 500 Seen Extending Record	Jan. 22	DJ
Transcript : Independent Bank Corp., Q4 2023 Earnings Call, Jan 19, 2024	Jan. 19
Independent Bank Q4 Earnings, Revenue Decline	Jan. 18	MT
Earnings Flash (INDB) INDEPENDENT BANK Reports Q4 Revenue $177.2M	Jan. 18	MT
Tranche Update on Independent Bank Corp.'s Equity Buyback Plan announced on October 19, 2023.	Jan. 18	CI
Independent Bank Corp. Reports Impairment Charges for the Fourth Quarter Ended December 31, 2023	Jan. 18	CI

Independent Bank Corp. is a bank holding company of Rockland Trust Company (the Bank). The Bank provides a range of banking, investment and financial services, operating with over 120 retail branches, as well as a network of commercial and residential lending centers, and investment management offices primarily in Eastern Massachusetts, Worcester County, and Rhode Island. The Bank also offers a full suite of mobile, online, and telephone banking services. The Bankâs commercial, consumer real estate, and other consumer loan portfolios consist of loans made to residents of and businesses located in the Bankâs market area. Its commercial loans consist of commercial real estate loans, commercial construction loans, commercial and industrial loans, and small business loans. The Bankâs consumer portfolio consists of real estate loans comprised of residential mortgages and home equity loans and lines, all secured by one-to-four family residential properties, as well as other consumer loans.

Sector

Banks

Calendar

03:00pm - Annual General Meeting

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Ratings for Independent Bank Corp.

Trading Rating

Investor Rating

ESG Refinitiv

C+

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Analysts' Consensus

Sell

Buy

Mean consensus

HOLD

Number of Analysts

Last Close Price

50.79 USD

Average target price

57.5 USD

Spread / Average Target

+13.21%

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Quarterly earnings - Rate of surprise

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