Independent Bank Corp. (INDB) reported $178.04 million in revenue for the quarter ended March 2025, representing a year-over-year increase of 6.4%. EPS of $1.06 for the same period compares to $1.12 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $178.89 million, representing a surprise of -0.47%. The company delivered an EPS surprise of -10.17%, with the consensus EPS estimate being $1.18.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Independent Bank Corp. performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Efficiency Ratio: 59.5% versus 59.7% estimated by three analysts on average.
- Net interest margin (FTE): 3.4% compared to the 3.4% average estimate based on three analysts.
- Average Balance - Total interest-earning assets: $17.38 billion versus the two-analyst average estimate of $17.39 billion.
- Total Non-Interest Income: $32.54 million compared to the $32.07 million average estimate based on three analysts.
- Increase in cash surrender value of life insurance policies: $2.07 million compared to the $2.09 million average estimate based on two analysts.
- Net Interest Income: $145.51 million versus the two-analyst average estimate of $146.47 million.
- Loan level derivative income: $1.04 million versus $0.47 million estimated by two analysts on average.
- Interchange and ATM fees: $4.62 million compared to the $4.87 million average estimate based on two analysts.
- Deposit account fees: $7.05 million versus the two-analyst average estimate of $6.75 million.
- Other noninterest income: $5.80 million compared to the $6.50 million average estimate based on two analysts.
- Mortgage banking income: $0.74 million versus the two-analyst average estimate of $0.63 million.
- Investment management: $11.22 million versus the two-analyst average estimate of $10.59 million.
View all Key Company Metrics for Independent Bank Corp. here>>>
Shares of Independent Bank Corp. have returned -13.6% over the past month versus the Zacks S&P 500 composite's -6.3% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
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Independent Bank Corp. (INDB): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
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