Independent Bank Corp. Reports Q3 Earnings Miss on EPS and Revenue
Independent Bank Corp. (INDB) reported third-quarter financial results that fell short of market expectations. The company posted a Non-GAAP earnings per share (EPS) of $1.90, missing estimates by $0.06. Despite a 7.5% year-over-year increase in revenue to $261.95 million, the figure missed consensus projections by approximately $2.41 million. The results reflect the company's ongoing navigation of a challenging macroeconomic environment.
Tickers: $INDB
Topics: earnings miss non-GAAP EPS revenue growth