Benzinga | Jan 21, 2022 05:21AM EST

Independent Bank: Q4 Earnings Insights

Independent Bank (NASDAQ:INDB) reported its Q4 earnings results on Thursday, January 20, 2022 at 04:15 PM.

Here's what investors need to know about the announcement.

Earnings

Independent Bank beat estimated earnings by 48.18%, reporting an EPS of $1.63 versus an estimate of $1.1, which surprised analysts.

Revenue was up $32.80 million from the same period last year.

Past Earnings Performance

Last quarter the company beat on EPS by $0.23, which was followed by a 1.7% increase in the share price the next day.

Here's a look at Independent Bank's past performance:

Quarter Q3 2021 Q2 2021 Q1 2021 Q4 2020EPS Estimate 1.02 1.08 1.09 1.03EPS Actual 1.25 1.17 1.26 1.17Revenue Estimate 116.22M 117.92M 121.02M 122.34MRevenue Actual 116.55M 118.32M 120.83M 118.91M

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This article was generated by Benzinga's automated content engine and reviewed by an editor.