Independent Bank reported second-quarter earnings of 90 cents per share, topping the Zacks Consensus Estimate of 85 cents and up from 81 cents a year ago. The bank holding company posted revenues of $63.24 million, surpassing the consensus estimate by 5.63% and exceeding the prior-year quarter's $55.94 million. The earnings surprise was 5.88%, marking the fourth consecutive quarter that Independent Bank has beaten consensus EPS estimates. Shares have gained about 10.7% year to date, outpacing the S&P 500's 9.6% advance. The current consensus EPS estimate stands at 94 cents for the coming quarter and $3.55 for the fiscal year.
Independent Bank CorporationIndependent Bank Corporation beat Q2 earnings and revenue estimates, with EPS of 90 cents vs 85 cents consensus.
Independent BankIndependent Bank (likely the same entity as Independent Bank Corporation) reported earnings beat and revenue beat.
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