Independent Bank (US:INDB) ZACKS·2025-01-13 15:16Core Viewpoint - Independent Bank Corp. (INDB) is expected to report a decline in quarterly earnings and revenues compared to the previous year, with earnings per share projected at $1.16, down 7.9%, and revenues forecasted at $175.82 million, down 0.8% [1] Earnings Estimates - The consensus EPS estimate for the quarter has not changed in the past 30 days, indicating that analysts have not revised their projections [2] - Changes in earnings estimates are crucial for predicting investor reactions, as empirical studies show a strong correlation between earnings estimate revisions and short-term stock performance [3] Key Metrics - Analysts estimate an 'Efficiency Ratio' of 58.0%, up from 56.9% in the same quarter last year [5] - The 'Net Interest Margin (FTE)' is projected at 3.3%, slightly down from 3.4% year-over-year [5] - The 'Average Balance - Total Interest-Earning Assets' is expected to be $17.37 billion, an increase from $17.18 billion a year ago [6] - 'Total Non-Interest Income' is forecasted to reach $33.16 million, up from $32.07 million in the same quarter last year [6] Income Projections - 'Net Interest Income' is projected at $142.43 million, down from $145.10 million year-over-year [7] - 'Interchange and ATM Fees' are expected to be $4.94 million, up from $4.64 million in the same quarter last year [7] - 'Deposit Account Fees' are estimated at $6.55 million, compared to $6.13 million a year ago [7] - 'Other Noninterest Income' is projected at $6.67 million, down from $7.80 million year-over-year [8] - 'Investment Management' income is expected to reach $11.07 million, up from $9.82 million in the previous year [8] Stock Performance - Shares of Independent Bank Corp. have decreased by 14.8% over the past month, contrasting with a 2.2% decline in the Zacks S&P 500 composite [9] - With a Zacks Rank 2 (Buy), INDB is anticipated to outperform the overall market in the near future [9]