Independent Bank Corp Q4 2024 exceeds forecasts

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 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.
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: 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.
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.
Independent Bank price target raised to $41 from $39 at Keefe Bruyette
Keefe Bruyette raised the firm’s price target on Independent Bank (IBCP) to $41 from $39 and keeps a Market Perform rating on the shares.Invest ...
StockNews.com Initiates Coverage on Independent Bank Group (NASDAQ:IBTX)
Equities researchers at StockNews.com began coverage on shares of Independent Bank Group (NASDAQ:IBTX – Get Free Report) in a ...
The Business Journals24d
$2B buyout of Independent Bank closes
Florida-based SouthState Bank put the finishing touches on the largest bank deal announced in 2024 and has now made its first foray into Texas. SouthState Corp. has closed its $2 billion buyout of ...
KBW Keeps Their Hold Rating on Independent Bank (IBCP)
KBW analyst Damon Delmonte maintained a Hold rating on Independent Bank (IBCP – Research Report) yesterday and set a price target of $39.00.
Forbes5d
Independent Bank (MA)
Independent Bank Corp. (NASDAQ Global Select Market: INDB) is the holding company for Rockland Trust Company, a full-service commercial bank headquartered in Massachusetts. Named in 2018 to The ...
Yahoo Finance24d
Independent Bank Corporation Announces Appointment of New Chief Operating Officer
GRAND RAPIDS, Mich., Jan. 02, 2025 (GLOBE NEWSWIRE) -- Independent Bank Corporation (NASDAQ: IBCP), the holding company of Independent Bank, a Michigan-based community bank, announced that ...
Demystifying Independent Bank: Insights From 4 Analyst Reviews
The 12-month price targets, analyzed by analysts, offer insights with an average target of $79.25, a high estimate of $82.00, ...
Major high street bank ‘considering quitting the UK’ after two decades
Santander is reportedly reviewing its presence on the British high street after shedding hundreds of jobs in the last year.