Independent Bank (IBCP) Beats Q3 Earnings Estimates

Core Insights - Independent Bank (IBCP) reported quarterly earnings of $0.84 per share, exceeding the Zacks Consensus Estimate of $0.83 per share, and showing an increase from $0.65 per share a year ago, resulting in an earnings surprise of +1.20% [1] - The bank's revenues for the quarter ended September 2025 were $57.3 million, which fell short of the Zacks Consensus Estimate by 1.55%, compared to $51.36 million in the same quarter last year [2] - The stock has underperformed the market, losing about 8.5% year-to-date, while the S&P 500 has gained 16.9% [3] Earnings Performance - Over the last four quarters, Independent Bank has surpassed consensus EPS estimates four times [2] - The current consensus EPS estimate for the upcoming quarter is $0.79, with expected revenues of $57.9 million, and for the current fiscal year, the estimate is $3.18 on revenues of $228.1 million [7] Market Outlook - The company's earnings outlook will be crucial for future stock performance, with a mixed trend in estimate revisions leading to a Zacks Rank 3 (Hold) [6] - The Zacks Industry Rank for Banks - Midwest is in the top 35% of over 250 Zacks industries, indicating a favorable industry outlook [8] Competitor Insights - First Interstate BancSystem (FIBK), a competitor in the same industry, is expected to report quarterly earnings of $0.59 per share, reflecting a year-over-year increase of +9.3% [9] - FIBK's anticipated revenues are $254.9 million, up 1.2% from the previous year [10]