Independent Bank (IBCP) released a profit for first quarter that decreased from last year but beat the Street estimates.
The company's earnings totaled $15.59 million, or $0.74 per share. This compares with $15.99 million, or $0.76 per share, last year.
Analysts on average had expected the company to earn $0.70 per share. Analysts' estimates typically exclude special items.
Independent Bank earnings at a glance (GAAP) :
-Earnings: $15.59 Mln. vs. $15.99 Mln. last year.
-EPS: $0.74 vs. $0.76 last year.
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