Independent Bank (US:INDB) ZACKS·2025-01-16 23:26Core Viewpoint - Independent Bank Corp. reported quarterly earnings of $1.21 per share, exceeding the Zacks Consensus Estimate of $1.16 per share, but down from $1.26 per share a year ago, indicating a 3.97% year-over-year decline in earnings [1][2] Financial Performance - The company achieved revenues of $176.85 million for the quarter ended December 2024, surpassing the Zacks Consensus Estimate by 0.59%, but slightly down from $177.16 million in the same quarter last year [2] - Over the last four quarters, Independent Bank Corp. has exceeded consensus EPS estimates three times and has also topped consensus revenue estimates three times [2] Stock Performance and Outlook - The stock has gained approximately 1% since the beginning of the year, compared to the S&P 500's gain of 1.2% [3] - The company's earnings outlook is crucial for investors, as it includes current consensus earnings expectations for upcoming quarters and any recent changes to these expectations [4] Earnings Estimate Revisions - The trend for earnings estimate revisions for Independent Bank Corp. is currently favorable, leading to a Zacks Rank 2 (Buy) for the stock, suggesting it is expected to outperform the market in the near future [6] - The current consensus EPS estimate for the upcoming quarter is $1.20 on revenues of $177.83 million, and for the current fiscal year, it is $5.32 on revenues of $760.77 million [7] Industry Context - The Banks - Northeast industry, to which Independent Bank Corp. belongs, is currently ranked in the top 32% of over 250 Zacks industries, indicating a favorable industry outlook [8]