Independent Bank Corporation (NASDAQ:IBCP) Q4 2024 Earnings Call Transcript
Operator: Hello everyone, and welcome to the Independent Bank Corporation Reports 2024 Fourth Quarter Results. My name is Ezra and I will be your coordinator today.
Independent Bank Corporation Reports Strong 2024 Results
Independent Bank Corporation ( ($IBCP) ) has released its Q4 earnings. Here is a breakdown of the information Independent Bank Corporation
Independent Bank: Q4 Earnings Snapshot
The results exceeded Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 76 cents per share. The bank holding company posted revenue of $86.1 million in the period. Its revenue net of interest expense was $62 million, which also topped Street forecasts.
Independent Bank Corporation Reports 2024 Fourth Quarter Results
An increase in net interest income of $1.0 million (2.4%) over the third quarter of 2024; A net interest margin of 3.45% (eight basis point increase from the linked quarter) A return on average assets and a return on average equity of 1.
Earnings call transcript: Independent Bank Corp Q4 2024 exceeds forecasts
Corporation (NASDAQ: IBCP) reported robust financial results for the fourth quarter of 2024, surpassing analysts' expectations. The company posted an earnings per share (EPS) of $1.19, significantly higher than the forecasted $0.
Independent Bank (IBCP) Tops Q4 Earnings and Revenue Estimates
Independent Bank (IBCP) came out with quarterly earnings of $0.87 per share, beating the Zacks Consensus Estimate of $0.76 per share. This compares to earnings of $0.79 per share a year ago. These figures are adjusted for non-recurring items.
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