Independent Bank (IBCP) reported earnings for its fourth quarter that increased from last year and beat the Street estimates.
The company's earnings came in at $18.46 million, or $0.87 per share. This compares with $13.74 million, or $0.65 per share, last year.
Analysts on average had expected the company to earn $0.76 per share. Analysts' estimates typically exclude special items.
Independent Bank earnings at a glance (GAAP) :
-Earnings: $18.46 Mln. vs. $13.74 Mln. last year.
-EPS: $0.87 vs. $0.65 last year.
For comments and feedback: editorial@rttnews.com