In its upcoming report, Independent Bank Corp. (INDB) is predicted by Wall Street analysts to post quarterly earnings of $1.15 per share, reflecting a decline of 15.4% compared to the same period last year. Revenues are forecasted to be $171.8 million, representing a year-over-year decrease of 8.3%.
The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. This reflects how the analysts covering the stock have collectively reevaluated their initial estimates during this timeframe.
Prior to a company's earnings release, it is of utmost importance to factor in any revisions made to the earnings projections. These revisions serve as a critical gauge for predicting potential investor behaviors with respect to the stock. Empirical studies consistently reveal a strong link between trends in earnings estimate revisions and the short-term price performance of a stock.
While investors usually depend on consensus earnings and revenue estimates to assess the business performance for the quarter, delving into analysts' forecasts for certain key metrics often provides a more comprehensive understanding.
In light of this perspective, let's dive into the average estimates of certain Independent Bank Corp. metrics that are commonly tracked and forecasted by Wall Street analysts.
Based on the collective assessment of analysts, 'Efficiency Ratio' should arrive at 59.0%. The estimate is in contrast to the year-ago figure of 52.7%.
The average prediction of analysts places 'Net interest margin' at 3.3%. Compared to the current estimate, the company reported 3.8% in the same quarter of the previous year.
The consensus among analysts is that 'Average Balance - Total interest-earning assets' will reach $17.20 billion. Compared to the current estimate, the company reported $17.12 billion in the same quarter of the previous year.
Analysts forecast 'Total Non-Interest Income' to reach $31.25 million. The estimate is in contrast to the year-ago figure of $28.24 million.
The collective assessment of analysts points to an estimated 'Net Interest Income' of $140.63 million. Compared to the current estimate, the company reported $159 million in the same quarter of the previous year.
The consensus estimate for 'Interchange and ATM fees' stands at $4.59 million. Compared to the present estimate, the company reported $4.18 million in the same quarter last year.
It is projected by analysts that the 'Deposit account fees' will reach $6.05 million. The estimate compares to the year-ago value of $5.92 million.
The combined assessment of analysts suggests that 'Other noninterest income' will likely reach $7.25 million. The estimate is in contrast to the year-ago figure of $5.78 million.
Analysts expect 'Investment Management' to come in at $10.06 million. The estimate compares to the year-ago value of $9.78 million.
View all Key Company Metrics for Independent Bank Corp. here>>>
Over the past month, shares of Independent Bank Corp. have returned -2.6% versus the Zacks S&P 500 composite's -0.9% change. Currently, INDB carries a Zacks Rank #3 (Hold), suggesting that its performance may align with the overall market in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
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Curious about Independent Bank Corp. (INDB) Q1 Performance? Explore Wall Street Estimates for Key Metrics
In its upcoming report, Independent Bank Corp. (INDB) is predicted by Wall Street analysts to post quarterly earnings of $1.15 per share, reflecting a decline of 15.4% compared to the same period last year. Revenues are forecasted to be $171.8 million, representing a year-over-year decrease of 8.3%.
The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. This reflects how the analysts covering the stock have collectively reevaluated their initial estimates during this timeframe.
Prior to a company's earnings release, it is of utmost importance to factor in any revisions made to the earnings projections. These revisions serve as a critical gauge for predicting potential investor behaviors with respect to the stock. Empirical studies consistently reveal a strong link between trends in earnings estimate revisions and the short-term price performance of a stock.
While investors usually depend on consensus earnings and revenue estimates to assess the business performance for the quarter, delving into analysts' forecasts for certain key metrics often provides a more comprehensive understanding.
In light of this perspective, let's dive into the average estimates of certain Independent Bank Corp. metrics that are commonly tracked and forecasted by Wall Street analysts.
Based on the collective assessment of analysts, 'Efficiency Ratio' should arrive at 59.0%. The estimate is in contrast to the year-ago figure of 52.7%.
The average prediction of analysts places 'Net interest margin' at 3.3%. Compared to the current estimate, the company reported 3.8% in the same quarter of the previous year.
The consensus among analysts is that 'Average Balance - Total interest-earning assets' will reach $17.20 billion. Compared to the current estimate, the company reported $17.12 billion in the same quarter of the previous year.
Analysts forecast 'Total Non-Interest Income' to reach $31.25 million. The estimate is in contrast to the year-ago figure of $28.24 million.
The collective assessment of analysts points to an estimated 'Net Interest Income' of $140.63 million. Compared to the current estimate, the company reported $159 million in the same quarter of the previous year.
The consensus estimate for 'Interchange and ATM fees' stands at $4.59 million. Compared to the present estimate, the company reported $4.18 million in the same quarter last year.
It is projected by analysts that the 'Deposit account fees' will reach $6.05 million. The estimate compares to the year-ago value of $5.92 million.
The combined assessment of analysts suggests that 'Other noninterest income' will likely reach $7.25 million. The estimate is in contrast to the year-ago figure of $5.78 million.
Analysts expect 'Investment Management' to come in at $10.06 million. The estimate compares to the year-ago value of $9.78 million.
View all Key Company Metrics for Independent Bank Corp. here>>>
Over the past month, shares of Independent Bank Corp. have returned -2.6% versus the Zacks S&P 500 composite's -0.9% change. Currently, INDB carries a Zacks Rank #3 (Hold), suggesting that its performance may align with the overall market in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>