Independent Bank (IBCP) Q3 Earnings: Taking a Look at Key Metrics Versus Estimates

Core Insights - Independent Bank (IBCP) reported revenue of $57.3 million for the quarter ended September 2025, reflecting an 11.6% increase year-over-year, although it was a -1.55% surprise compared to the Zacks Consensus Estimate of $58.2 million [1] - Earnings per share (EPS) for the quarter was $0.84, up from $0.65 in the same quarter last year, resulting in a +1.2% surprise over the consensus EPS estimate of $0.83 [1] Financial Performance Metrics - Net Interest Margin (GAAP) was reported at 3.5%, slightly below the two-analyst average estimate of 3.6% [4] - Efficiency Ratio stood at 58.9%, better than the average estimate of 59.6% based on two analysts [4] - Total non-interest income was $11.94 million, compared to the average estimate of $12.43 million [4] - Net Interest Income was reported at $45.36 million, below the average estimate of $45.83 million [4] Stock Performance - Shares of Independent Bank have returned +2.9% over the past month, while the Zacks S&P 500 composite has changed by +3.6% [3] - The stock currently holds a Zacks Rank 3 (Hold), indicating expected performance in line with the broader market in the near term [3]