[INDB] QoQ Quarter Result on 30-Jun-2024 [#Q2]

Stock
[INDB] Independent Bank Corp.
Announcement Date
06-Aug-2024
Financial Year
2024
Quarter
30-Jun-2024 [#Q2]
Profit Trend
QoQ- 7.45%
YoY- -18.06%
Quarter Report
INDB's Result
INDB's Financial Summary
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Quarter Result
30/06/24 31/03/24 31/12/23 30/09/23 30/06/23 31/03/23 31/12/22 CAGR
Revenue 243,453 237,742 207,170 183,423 183,303 187,240 200,657 13.76%
PBT 66,392 62,495 70,916 80,141 82,748 81,329 100,285 -24.05%
Tax 15,062 14,725 16,113 19,333 20,104 20,082 23,242 -25.13%
NP 51,330 47,770 54,803 60,808 62,644 61,247 77,043 -23.73%
Tax Rate -22.69% -23.56% -22.72% -24.12% -24.30% -24.69% -23.18% -
Total Cost 192,123 189,972 152,367 122,615 120,659 125,993 123,614 34.21%
Ratio Analysis
30/06/24 31/03/24 31/12/23 30/09/23 30/06/23 31/03/23 31/12/22 CAGR
NP Margin 21.08 20.09 26.45 33.15 34.18 32.71 38.40 -32.98%
Per Share
30/06/24 31/03/24 31/12/23 30/09/23 30/06/23 31/03/23 31/12/22 CAGR
EPS 1.21 1.12 1.26 1.38 1.42 1.36 1.69 -19.98%
EPS Diluted 1.21 1.12 1.26 1.38 1.42 1.36 1.69 -19.98%

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.