Independent Bank Corp. Reports First Quarter Net Income of $47.8 Million
Independent Bank Corp. (INDB)
Last independent bank corp. earnings: 4/23 04:10 pm
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US:NASDAQ Investor Relations:
independentbankgroup.gcs-web.com/investor-relations
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Source: Business Wire
Results reflect underlying strength of franchise ROCKLAND, Mass.--(BUSINESS WIRE)--Independent Bank Corp. (Nasdaq Global Select Market: INDB), parent of Rockland Trust Company, today announced 2024 first quarter net income of $47.8 million, or $1.12 per diluted share, compared to 2023 fourth quarter net income of $54.8 million, or $1.26 per diluted share.The Company generated a return on average assets of 1.00% and a return on average common equity of 6.63% for the first quarter of 2024, as compared to 1.13% and 7.51%, respectively, for the prior quarter."Our first quarter results reflect our steady commitment to focusing on our core fundamentals – disciplined growth, core funding prioritization, strong credit monitoring, and expense management. We remain confident that we are well-positioned to create long term value for our shareholders while successfully navigating through this challenging macro environment", said Jeffrey Tengel, the Chief Executive Officer of Independent Bank C
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News
- Independent Bank Corp. (NASDAQ:INDB) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- Independent Bank Corp. (NASDAQ: INDB) had its price target lowered by analysts at Keefe, Bruyette & Woods from $64.00 to $60.00. They now have a "market perform" rating on the stock.MarketBeat
- Independent Bank Corp. (INDB) Lags Q1 Earnings and Revenue Estimates [Yahoo! Finance]Yahoo! Finance
- Independent Bank Corp.: Q1 Earnings Snapshot [Yahoo! Finance]Yahoo! Finance
- Independent Bank Corp.’s Announcement of Date of First Quarter Conference CallBusiness Wire
INDB
Earnings
- 4/18/24 - Miss
INDB
Analyst Actions
- 3/14/24 - TheStreet
INDB
Sec Filings
- 4/18/24 - Form 8-K
- 4/3/24 - Form DEFA14A
- 3/28/24 - Form DEF
- INDB's page on the SEC website