[INDB] QoQ Quarter Result on 31-Mar-2024 [#Q1]

Stock
[INDB] Independent Bank Corp.
Announcement Date
08-May-2024
Financial Year
2024
Quarter
31-Mar-2024 [#Q1]
Profit Trend
QoQ- -12.83%
YoY- -22.00%
Quarter Report
INDB's Result
INDB's Financial Summary
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Quarter Result
30/09/24 30/06/24 31/03/24 31/12/23 30/09/23 30/06/23 31/03/23 CAGR
Revenue 248,948 243,453 237,742 207,170 183,423 183,303 187,240 20.85%
PBT 55,309 66,392 62,495 70,916 80,141 82,748 81,329 -22.61%
Tax 12,362 15,062 14,725 16,113 19,333 20,104 20,082 -27.57%
NP 42,947 51,330 47,770 54,803 60,808 62,644 61,247 -21.02%
Tax Rate -22.35% -22.69% -23.56% -22.72% -24.12% -24.30% -24.69% -
Total Cost 206,001 192,123 189,972 152,367 122,615 120,659 125,993 38.66%
Ratio Analysis
30/09/24 30/06/24 31/03/24 31/12/23 30/09/23 30/06/23 31/03/23 CAGR
NP Margin 17.25 21.08 20.09 26.45 33.15 34.18 32.71 -34.65%
Per Share
30/09/24 30/06/24 31/03/24 31/12/23 30/09/23 30/06/23 31/03/23 CAGR
EPS 1.01 1.21 1.12 1.26 1.38 1.42 1.36 -17.94%
EPS Diluted 1.01 1.21 1.12 1.26 1.38 1.42 1.36 -17.94%

PBT = Profit before Tax, NP = Net Profit, NP Margin = Net Profit Margin, EPS = Earning Per Share, EPS Diluted = Earning Per Share Diluted.

NP Margin, QoQ ⃤ & YoY ⃤ figures in Percentage; EPS & EPS Diluted figures in Cent.

All figures in '000 unless specified.