Independent Bank (NASDAQ:IBCP) reported its Q4 earnings results on Thursday, January 27, 2022 at 08:00 AM.
Here's what investors need to know about the announcement.
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Earnings
Independent Bank missed estimated earnings by 10.77%, reporting an EPS of $0.58 versus an estimate of $0.65, which surprised analysts.
Revenue was up $3.29 million from the same period last year.
Past Earnings Performance
Last quarter the company beat on EPS by $0.11, which was followed by a 0.09% increase in the share price the next day.
Here's a look at Independent Bank's past performance:
| Quarter | Q3 2021 | Q2 2021 | Q1 2021 | Q4 2020 |
|---|---|---|---|---|
| EPS Estimate | 0.62 | 0.67 | 0.58 | 0.61 |
| EPS Actual | 0.73 | 0.56 | 1 | 0.77 |
| Revenue Estimate | 31.64M | 30.84M | 31.41M | 31.85M |
| Revenue Actual | 33.80M | 31.39M | 30.28M | 30.99M |
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This article was generated by Benzinga's automated content engine and reviewed by an editor.
