UPDATE: Independent Bank Q3 Adj. EPS $0.92 Beats $0.88 Estimate, Sales $55.257M Miss $56.845M Estimate

Independent Bank (NASDAQ:IBCP) reported quarterly earnings of $0.92 per share which beat the analyst consensus estimate of $0.88 by 4.55 percent. This is a 9.52 percent increase over earnings of $0.84 per share from the same period last year. The company reported quarterly sales of $55.257 million which missed the analyst consensus estimate of $56.845 million by 2.79 percent. This is a 21.82 percent increase over sales of $45.361 million the same period last year.