Independent Bank Corp. (INDB) Q4 Earnings: Taking a Look at Key Metrics Versus Estimates

Independent Bank Corp. (INDB) reported $176.85 million in revenue for the quarter ended December 2024, representing a year-over-year decline of 0.2%. EPS of $1.21 for the same period compares to $1.26 a year ago.The reported revenue represents a surprise of +0.59% over the Zacks Consensus Estimate of $175.82 million. With the consensus EPS estimate being $1.16, the EPS surprise was +4.31%.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: 60.2% versus 58% estimated by three analysts on average. Net interest margin (FTE): 3.3% versus the three-analyst average estimate of 3.3%. Average Balance - Total interest-earning assets: $17.42 billion compared to the $17.37 billion average estimate based on two analysts. Total Non-Interest Income: $32.19 million compared to the $33.16 million average estimate based on three analysts. Increase in cash surrender value of life insurance policies: $2.15 million versus the two-analyst average estimate of $2.04 million. Net Interest Income: $144.66 million compared to the $142.43 million average estimate based on two analysts. Loan level derivative income: $0.44 million versus $0.90 million estimated by two analysts on average. Interchange and ATM fees: $4.88 million compared to the $4.94 million average estimate based on two analysts. Deposit account fees: $7.12 million versus $6.55 million estimated by two analysts on average. Other noninterest income: $5.57 million versus $6.67 million estimated by two analysts on average. Mortgage banking income: $1.06 million versus the two-analyst average estimate of $0.83 million. Investment management: $10.78 million versus $11.07 million estimated by two analysts on average. View all Key Company Metrics for Independent Bank Corp. here>>>Shares of Independent Bank Corp. have returned -1.4% over the past month versus the Zacks S&P 500 composite's -1.6% change. The stock currently has a Zacks Rank #2 (Buy), indicating that it could outperform the broader market in the near term.Zacks Names #1 Semiconductor StockIt's only 1/9,000th the size of NVIDIA which skyrocketed more than +800% since we recommended it. NVIDIA is still strong, but our new top chip stock has much more room to boom.With strong earnings growth and an expanding customer base, it's positioned to feed the rampant demand for Artificial Intelligence, Machine Learning, and Internet of Things. Global semiconductor manufacturing is projected to explode from $452 billion in 2021 to $803 billion by 2028.See This Stock Now for Free >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Independent Bank Corp. (INDB): Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks