Investing.com - Independent Bank (NASDAQ:INDB) Corp reported on Tuesday third quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Independent Bank Corp announced earnings per share of $0.81 on revenue of $61.79. Analysts polled by Investing.com anticipated EPS of $0.60 on revenue of $51.62M.
Independent Bank Corp shares are down 26% from the beginning of the year, still down 15.42% from its 52 week high of $26.00 set on January 26.
Independent Bank Corp follows other major Financial sector earnings this month
Independent Bank Corp's report follows an earnings beat by JPMorgan on October 14, who reported EPS of $3.12 on revenue of $32.7B, compared to forecasts EPS of $2.92 on revenue of $32.13B.
Bank of America had beat expectations on October 17 with third quarter EPS of $0.81 on revenue of $24.5B, compared to forecast for EPS of $0.7816 on revenue of $23.56B.
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