Unlocking Q1 Potential of Independent Bank Corp. (INDB): Exploring Wall Street Estimates for Key Metrics

Core Viewpoint - Analysts project Independent Bank Corp. (INDB) will report quarterly earnings of $1.18 per share, a 5.4$178.89 million, up 6.9% from the same quarter last year [1]. Earnings Estimates - Over the last 30 days, there has been a downward revision of 0.3% in the consensus EPS estimate for the quarter, indicating a collective reconsideration by covering analysts [2]. - Changes in earnings estimates are crucial for predicting investor reactions, as empirical research shows a strong correlation between earnings estimate revisions and short-term stock performance [3]. Key Metrics Projections - The 'Efficiency Ratio' is expected to reach 59.7%, consistent with the same quarter last year [5]. - The 'Net Interest Margin (FTE)' is projected at 3.4%, up from 3.2% in the same quarter last year [5]. - 'Average Balance - Total Interest-Earning Assets' is estimated at $17.39 billion, compared to$17.24 billion in the same quarter last year [6]. - 'Total Non-Interest Income' is expected to be $32.07 million, up from$29.94 million in the same quarter last year [6]. Income Projections - 'Net Interest Income' is predicted to be $146.47 million, compared to$137.44 million a year ago [7]. - 'Interchange and ATM Fees' are expected to reach $4.87 million, up from$4.45 million year-over-year [7]. - 'Deposit Account Fees' are projected at $6.75 million, compared to$6.23 million last year [7]. - 'Other Noninterest Income' is estimated at $6.50 million, up from$6.26 million in the previous year [8]. - 'Investment Management' is expected to reach $10.59 million, compared to$9.94 million in the same quarter last year [8]. Market Performance - Shares of Independent Bank Corp. have shown a return of -15.8% over the past month, compared to a -3.6% change in the Zacks S&P 500 composite [8].