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Independent Bank Q2 2024 Earnings Report

Independent Bank logo
$66.02 +0.52 (+0.79%)
(As of 12/20/2024 05:45 PM ET)

Independent Bank EPS Results

Actual EPS
$1.21
Consensus EPS
$1.11
Beat/Miss
Beat by +$0.10
One Year Ago EPS
$1.42

Independent Bank Revenue Results

Actual Revenue
$244.19 million
Expected Revenue
$169.07 million
Beat/Miss
Beat by +$75.12 million
YoY Revenue Growth
N/A

Independent Bank Announcement Details

Quarter
Q2 2024
Time
After Market Closes

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Independent Bank Earnings Headlines

Independent Bank (NASDAQ:INDB) Price Target Raised to $82.00
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See More Independent Bank Headlines
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About Independent Bank

Independent Bank (NASDAQ:INDB) operates as the bank holding company for Rockland Trust Company that provides commercial banking products and services to individuals and small-to-medium sized businesses in the United States. The company provides interest checking, money market, and savings accounts, as well as demand deposits and time certificates of deposit. It offers commercial real estate and construction, commercial and industrial, small business, secured and unsecured commercial, and consumer real estate loans; term loans and revolving/nonrevolving lines of credit; overdraft protection and letters of credit; and residential mortgages and home equity loans and lines. In addition, the company provides cash management services, such as ACH transaction processing, positive pay, and remote deposit services; investment management and trust services to individuals, institutions, small businesses, and charitable institutions; mobile, online, and telephone banking; estate settlement, financial planning, tax services, and other services; automated teller machines; debit and credit cards; and mutual fund and unit investment trust shares, third party model portfolios, general securities, fixed and variable annuities, and life insurance products, as well as advisory platforms. Further, it invests in low-income housing tax credit projects; holds, maintains, and disposes foreclosed properties; and operates as an investment advisor. Independent Bank Corp. was founded in 1907 and is headquartered in Rockland, Massachusetts.

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