Independent Bank (NASDAQ:IBCP) reported its Q1 earnings results on Tuesday, April 26, 2022 at 08:00 AM.
Here's what investors need to know about the announcement.
Earnings
Independent Bank beat estimated earnings by 68.0%, reporting an EPS of $0.84 versus an estimate of $0.5.
Revenue was up $2.72 million from the same period last year.
Past Earnings Performance
Last quarter the company missed on EPS by $0.07 which was followed by a 0.45% drop in the share price the next day.
Here's a look at Independent Bank's past performance:
| Quarter | Q4 2021 | Q3 2021 | Q2 2021 | Q1 2021 |
|---|---|---|---|---|
| EPS Estimate | 0.65 | 0.62 | 0.67 | 0.58 |
| EPS Actual | 0.58 | 0.73 | 0.56 | 1 |
| Revenue Estimate | 34.70M | 31.64M | 30.84M | 31.41M |
| Revenue Actual | 34.28M | 33.80M | 31.39M | 30.28M |
To track all earnings releases for Independent Bank visit their earnings calendar here.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
