Independent Bank Q2 Adjusted Earnings, Revenue Rise

MT Newswires Live07-17

Independent Bank (INDB) reported Q2 adjusted earnings late Thursday of $1.70 per diluted share, up from $1.25 a year earlier.

Analysts polled by FactSet expected $1.79.

Revenue, expressed as the sum of net interest income and total noninterest income, for the quarter ended June 30 rose to $253.3 million from $181.8 million a year earlier.

Analysts expected $258.4 million.

The company said it repurchased about 964,000 shares for $75 million during Q2.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment