Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does Independent Bank (IBCP) have what it takes?
Independent Bank (IBCP) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #1 (Strong Buy).
Independent Bank Corporation had a stellar 2024 with a 36% price return, but 2025 looks more challenging with moderate loan growth. Deposits increased to $4.70 billion, with a reduced cost of funds, while the loan portfolio is expected to grow by 5-6% in 2025. Despite strong fundamentals and low non-performing loans, IBCP stock's current price lacks a sufficient margin of safety, trading 25% above its 10-year average Price/TBV per share.
Independent Bank Corporation (NASDAQ:IBCP ) Q4 2024 Earnings Conference Call January 23, 2025 11:00 AM ET Company Participants Brad Kessel - President and Chief Executive Officer Joel Rahn - Executive President, Commercial Banking Gavin Mohr - Executive President, Head of Commercial Banking Conference Call Participants Adam Kroll - Piper Sandler Brendan Nosal - Hovde Group Matt Renck - KBW Operator Hello everyone, and welcome to the Independent Bank Corporation Reports 2024 Fourth Quarter Results. My name is Ezra and I will be your coordinator today.
While the top- and bottom-line numbers for Independent Bank (IBCP) give a sense of how the business performed in the quarter ended December 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
Independent Bank (IBCP) came out with quarterly earnings of $0.87 per share, beating the Zacks Consensus Estimate of $0.76 per share. This compares to earnings of $0.79 per share a year ago.
Get a deeper insight into the potential performance of Independent Bank (IBCP) for the quarter ended December 2024 by going beyond Wall Street's top -and-bottom-line estimates and examining the estimates for some of its key metrics.
Independent Bank's efforts to boost loan growth will likely compensate for a sub-optimal operating environment in Michigan. The net interest margin could slip further because of interest rate cuts. I've slightly raised my earnings estimate for 2024, as most income statement line items have slightly outperformed my expectations.
Independent Bank Corporation (NASDAQ:IBCP ) Q3 2024 Earnings Call Transcript October 24, 2024 11:00 AM ET Company Participants Brad Kessel - President & Chief Executive Officer Joel Rahn - Executive President & Head of Commercial Banking Gavin Mohr - Executive Vice President & Chief Financial Officer Conference Call Participants Brendan Nosal - Hovde Group Peter Winter - D.A. Davidson Adam Kroll - Piper Sandler Matt Renck - KBW John Rodis - Janney Operator Hello everyone, and welcome to the Independent Bank Corporation Reports 2024 Third Quarter Results.
While the top- and bottom-line numbers for Independent Bank (IBCP) give a sense of how the business performed in the quarter ended September 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
Independent Bank (IBCP) came out with quarterly earnings of $0.65 per share, missing the Zacks Consensus Estimate of $0.76 per share. This compares to earnings of $0.83 per share a year ago.
SVM, IBCP, TMDX, WT and YELP have been added to the Zacks Rank #1 (Strong Buy) List on August 2, 2024.