Independent Bank Earnings: What Investors Should Watch

Independent Bank (NASDAQ:INDB) will report earnings after markets close on Thursday, July 11th. Independent Bank Corp. is the holding company for Rockland Trust Company. The Bank attracts deposits and offers a range of financial services through a network of offices in Plymouth, Norfolk, Barnstable, and Bristol counties, Massachusetts.

Here is your Cheat Sheet to Independent Bank Earnings:

Earnings Expectations: Analysts expect earnings of $0.59 per share on revenues of $62.12 million. Currently, the company’s P/E ratio stands at 18.06.

Analyst Trends:

Analysts have a neutral outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings is a profit of $0.59 and has not changed. For the current year, the average estimate is a profit of $2.36, which is better than the estimate ninety days ago.

Earnings Trends:

Here’s how Independent Bank has been performing on an annual basis:

Fiscal Year 2008 2009 2010 2011 2012
Revenue ($) in millions 204 241 250 248 258
Diluted EPS ($) 1.52 0.88 1.90 2.12 1.95

Next, our CHEAT SHEET investing framework asks us to drill down to the recent quarterly data:

Quarter Jun. 30, 2012 Sep. 30, 2012 Dec. 31, 2012 Mar. 31, 2013 Jun. 30, 2013
Revenue ($) in millions 61.71 63.41 64.66 68.43 66.54
Diluted EPS ($) 0.56 0.41 0.53 0.45 0.54

Past Performance:
Independent Bank has beat analyst estimates 2 times in the past four quarters. This is not consistent enough to get bullish yet.

“E = Earnings Are Increasing Quarter-Over-Quarter” is a core component of our successful CHEAT SHEET investing framework. Don’t waste another minute – click here to discover our CHEAT SHEET stock picks now!

(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)

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