Independent Bank (IBCP) Q4 Earnings: How Key Metrics Compare to Wall Street Estimates

Core Insights - Independent Bank (IBCP) reported a revenue of $61.97 million for the quarter ended December 2024, reflecting a year-over-year increase of 25.9% [1] - Earnings per share (EPS) for the quarter was $0.87, up from $0.79 in the same quarter last year, representing a surprise of +14.47% over the consensus estimate of $0.76 [1] - The reported revenue exceeded the Zacks Consensus Estimate by +13.50% [1] Financial Performance Metrics - Net Interest Margin (GAAP) was reported at 3.4%, matching the average estimate from two analysts [4] - The Efficiency Ratio was 59.1%, better than the estimated 60.5% by two analysts [4] - Total non-interest income reached $19.12 million, significantly higher than the estimated $12.02 million [4] - Net Interest Income was reported at $42.85 million, slightly above the estimated $42.64 million [4] Stock Performance - Over the past month, shares of Independent Bank have returned -1.4%, while the Zacks S&P 500 composite increased by +2.7% [3] - The stock currently holds a Zacks Rank 3 (Hold), indicating expected performance in line with the broader market in the near term [3]