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Market Impact: 0.35

Independent Bank Corp. (INDB) Misses Q2 Earnings and Revenue Estimates

INDB
Corporate EarningsAnalyst EstimatesCompany Fundamentals
Independent Bank Corp. (INDB) Misses Q2 Earnings and Revenue Estimates

Independent Bank Corp. reported quarterly EPS of $1.70, missing the Zacks Consensus estimate of $1.77 by $0.07 (about 4%). EPS was up from $1.25 a year ago, but the miss suggests a modest near-term headwind for sentiment.

Analysis

Independent Bank Corp. reported quarterly EPS of $1.70, missing the Zacks Consensus estimate of $1.77 by $0.07 (about 4%). EPS was up from $1.25 a year ago, but the miss suggests a modest near-term headwind for sentiment.

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Market Sentiment

Overall Sentiment

mildly negative

Sentiment Score

-0.25

Ticker Sentiment

INDB-0.30