Although the revenue and EPS for Independent Bank Corp. (INDB) give a sense of how its business performed in the quarter ended March 2025, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Independent Bank Corp. (INDB) came out with quarterly earnings of $1.06 per share, missing the Zacks Consensus Estimate of $1.18 per share. This compares to earnings of $1.12 per share a year ago.
Investors need to pay close attention to Independent Bank (INDB) stock based on the movements in the options market lately.
Get a deeper insight into the potential performance of Independent Bank Corp. (INDB) for the quarter ended March 2025 by going beyond Wall Street's top -and-bottom-line estimates and examining the estimates for some of its key metrics.
Independent Bank Corp. (INDB) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
INDB hikes its dividend 3.5% to 59 cents per share. Given a decent liquidity position, capital distribution seems sustainable.
Independent Bank Corp. (NASDAQ:INDB ) Q4 2024 Results Conference Call January 17, 2025 10:00 AM ET Company Participants Jeff Tengel - CEO Mark Ruggiero - CFO & Head of Consumer Lending Conference Call Participants Steve Moss - Raymond James Mark Fitzgibbon - Piper Sandler Laurie Hunsicker - Seaport Research Christopher O'Connell - KBW Operator Good day, and welcome to the Independent Bank Corp Fourth Quarter 2024 Earnings Call. [Operator Instructions].
The headline numbers for Independent Bank Corp. (INDB) give insight into how the company performed in the quarter ended December 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
Independent Bank Corp.'s Q4 earnings were strong, with revenues flat and EPS surpassing expectations, boosted by lower credit loss provisions and better margins. Loan and deposit growth were positive, with loans up 1% and deposits up 0.7%, indicating strong performance and future potential. Asset quality mostly improved, with nonperforming assets slightly down and better return metrics, though allowance for credit losses ticked up slightly.
Independent Bank Corp. (INDB) came out with quarterly earnings of $1.21 per share, beating the Zacks Consensus Estimate of $1.16 per share. This compares to earnings of $1.26 per share a year ago.
Besides Wall Street's top -and-bottom-line estimates for Independent Bank Corp. (INDB), review projections for some of its key metrics to gain a deeper understanding of how the company might have fared during the quarter ended December 2024.
Independent Bank Corp. (INDB) is technically in oversold territory now, so the heavy selling pressure might have exhausted. This along with strong agreement among Wall Street analysts in raising earnings estimates could lead to a trend reversal for the stock.