Unbiased Financial institution Corp. (INDB) reported $176.85 million in income for the quarter ended December 2024, representing a year-over-year decline of 0.2%. EPS of $1.21 for a similar interval compares to $1.26 a 12 months in the past.
The reported income represents a shock of +0.59% over the Zacks Consensus Estimate of $175.82 million. With the consensus EPS estimate being $1.16, the EPS shock was +4.31%.
Whereas buyers carefully watch year-over-year adjustments in headline numbers — income and earnings — and the way they evaluate to Wall Road expectations to find out their subsequent plan of action, some key metrics all the time present a greater perception into an organization’s underlying efficiency.
Since these metrics play an important function in driving the top- and bottom-line numbers, evaluating them with the year-ago numbers and what analysts estimated about them helps buyers higher undertaking a inventory’s value efficiency.
Right here is how Unbiased Financial institution Corp. carried out within the simply reported quarter by way of the metrics most generally monitored and projected by Wall Road analysts:
- Effectivity Ratio: 60.2% versus 58% estimated by three analysts on common.
- Web curiosity margin (FTE): 3.3% versus the three-analyst common estimate of three.3%.
- Common Stability – Complete interest-earning belongings: $17.42 billion in comparison with the $17.37 billion common estimate primarily based on two analysts.
- Complete Non-Curiosity Earnings: $32.19 million in comparison with the $33.16 million common estimate primarily based on three analysts.
- Enhance in money give up worth of life insurance coverage insurance policies: $2.15 million versus the two-analyst common estimate of $2.04 million.
- Web Curiosity Earnings: $144.66 million in comparison with the $142.43 million common estimate primarily based on two analysts.
- Mortgage degree by-product revenue: $0.44 million versus $0.90 million estimated by two analysts on common.
- Interchange and ATM charges: $4.88 million in comparison with the $4.94 million common estimate primarily based on two analysts.
- Deposit account charges: $7.12 million versus $6.55 million estimated by two analysts on common.
- Different noninterest revenue: $5.57 million versus $6.67 million estimated by two analysts on common.
- Mortgage banking revenue: $1.06 million versus the two-analyst common estimate of $0.83 million.
- Funding administration: $10.78 million versus $11.07 million estimated by two analysts on common.
View all Key Company Metrics for Independent Bank Corp. here>>>
Shares of Unbiased Financial institution Corp. have returned -1.4% over the previous month versus the Zacks S&P 500 composite’s -1.6% change. The inventory at present has a Zacks Rank #2 (Purchase), indicating that it may outperform the broader market within the close to time period.
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Independent Bank Corp. (INDB) : Free Stock Analysis Report
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