Independent Bank Corp.

INDB

US4538361084

Banks

Market Closed - Nasdaq Other stock markets 04:00:00 2024-04-26 pm EDT			5-day change	1st Jan Change
52.73 ^USD	+0.73%		+4.29%	-19.88%

Apr. 25	Earnings Flash (IBCP) INDEPENDENT BANK CORPORATION Reports Q1 EPS $0.76, vs. Street Est of $0.64	MT
Apr. 25	North American Morning Briefing : More Tech -2-	DJ

Independent Bank Corp. Reports Earnings Results for the Fourth Quarter Ended December 31, 2023

January 18, 2024 at 04:15 pm EST

Independent Bank Corp. reported earnings results for the fourth quarter ended December 31, 2023. For the fourth quarter, the company reported net interest income was USD 145.1 million compared to USD 168.36 million a year ago.

Net income was USD 54.8 million compared to USD 77.04 million a year ago. Basic earnings per share from continuing operations was USD 1.26 compared to USD 1.69 a year ago. Diluted earnings per share from continuing operations was USD 1.26 compared to USD 1.69 a year ago.

Latest news about Independent Bank Corp.

Earnings Flash (IBCP) INDEPENDENT BANK CORPORATION Reports Q1 EPS $0.76, vs. Street Est of $0.64	Apr. 25	MT
North American Morning Briefing : More Tech -2-	Apr. 25	DJ
Independent Bank Corp. Names New Board Chair	Apr. 23	MT
Independent Bank Keeps Quarterly Dividend at $0.24 per Share, Payable May 13 to Shareholders of Record on May 3	Apr. 23	MT
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

Chart Independent Bank Corp.

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Company Profile

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

2024-07-17 - Q2 2024 Earnings Release (Projected)

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Russell 2000

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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

52.73 USD

Average target price

57.5 USD

Spread / Average Target

+9.05%

Consensus

EPS Revisions

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Quarterly earnings - Rate of surprise

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