Independent Bank Corp. Reports Third Quarter Operating Net Income of $18.6 Million
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Compass Point Raises Price Target on Independent Bank (INDB) Following 3Q15 Earnings Report
October 16, 2015 6:43 AM EDTCompass Point reiterated a Neutral rating on Independent Bank (NASDAQ: INDB), and raised the price target to $45.00 (from $44.00), following the company's 3Q15 earnings results. INDB reported $0.71 per share for 3Q15, and recorded $0.71 on an operating basis as well, $0.02 ahead of the consensus.
Analyst Laurie Hunsicker commented, "We... More
Independent Bank (INDB) Tops Q3 EPS by 2c
October 15, 2015 4:27 PM EDTIndependent Bank (NASDAQ: INDB) reported Q3 EPS of $0.71, $0.02 better than the analyst estimate of $0.69.
Net interest income increased to $55.0 million for the third quarter as compared to $53.7 million in the linked quarter, driven primarily by higher average earning asset levels.
For earnings... More
