Here's What Key Metrics Tell Us About Independent Bank (IBCP) Q1 Earnings

Core Insights - Independent Bank (IBCP) reported revenue of $54.11 million for Q1 2025, a year-over-year increase of 2.6% [1] - The earnings per share (EPS) for the same period was $0.74, down from $0.76 a year ago, but exceeded the consensus estimate of $0.70 by 5.71% [1] - The reported revenue fell short of the Zacks Consensus Estimate of $54.7 million by 1.08% [1] Financial Performance Metrics - Net Interest Margin (GAAP) stood at 3.5%, matching the average estimate from two analysts [4] - The Efficiency Ratio was reported at 62.2%, slightly better than the average estimate of 63% [4] - Total non-interest income was $10.42 million, below the average estimate of $11.36 million [4] - Net Interest Income was $43.69 million, exceeding the average estimate of $43.23 million [4] Stock Performance - Shares of Independent Bank have returned -1% over the past month, outperforming the Zacks S&P 500 composite, which declined by 5.1% [3] - The stock currently holds a Zacks Rank 3 (Hold), indicating expected performance in line with the broader market [3]