Independent Bank Corp. (INDB) Earnings Expected to Grow: Should You Buy?

Company Overview - Independent Bank Corp. (INDB) is expected to report earnings for the quarter ended March 2025, with a consensus estimate of $1.18 per share, reflecting a year-over-year increase of +5.4$178.89 million, which is a 6.9% increase from the previous year [3] Earnings Expectations - The earnings report is scheduled for release on April 17, 2025, and could influence stock movement depending on whether the actual results exceed or fall short of expectations [2] - The consensus EPS estimate has been revised down by 0.26% over the last 30 days, indicating a reassessment by analysts [4] Earnings Surprise Prediction - The Most Accurate Estimate for Independent Bank Corp. is higher than the Zacks Consensus Estimate, resulting in an Earnings ESP of +1.41% [10][11] - However, the company holds a Zacks Rank of 4, which complicates the prediction of an earnings beat [11] Historical Performance - In the last reported quarter, Independent Bank Corp. had an earnings surprise of +4.31%, with actual earnings of $1.21 per share compared to an expected$1.16 [12] - Over the past four quarters, the company has surpassed consensus EPS estimates three times [13] Industry Context - Citizens Financial Group (CFG), a peer in the Zacks Banks - Northeast industry, is expected to report earnings of $0.75 per share, representing a year-over-year increase of +15.4$1.94 billion, down 0.9% from the previous year [17] - CFG's consensus EPS estimate has been revised down by 2.4% in the last 30 days, resulting in an Earnings ESP of -0.27% [18]