Independent Bank Corp. (INDB) Q1 Earnings: Taking a Look at Key Metrics Versus Estimates

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.

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This article originally published on Zacks Investment Research (zacks.com).

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