Independent Bank (IBCP) reported $54.11 million in revenue for the quarter ended March 2025, representing a year-over-year increase of 2.6%. EPS of $0.74 for the same period compares to $0.76 a year ago.
The reported revenue represents a surprise of -1.08% over the Zacks Consensus Estimate of $54.7 million. With the consensus EPS estimate being $0.70, the EPS surprise was +5.71%.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
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 performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Net Interest Margin (GAAP): 3.5% compared to the 3.5% average estimate based on two analysts.
- Efficiency Ratio: 62.2% versus the two-analyst average estimate of 63%.
- Total non-interest income: $10.42 million versus the two-analyst average estimate of $11.36 million.
- Net Interest Income: $43.69 million versus the two-analyst average estimate of $43.23 million.
View all Key Company Metrics for Independent Bank here>>>
Shares of Independent Bank have returned -1% over the past month versus the Zacks S&P 500 composite's -5.1% 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 Corporation (IBCP): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
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